With rapid changes to the tax landscape, tax functions face heightened obligations, increased complexity, and unprecedented uncertainty. Tax departments require advanced tools and skills, yet investment has lagged, workload has increased, and resources are scarce. Traditional in-house tax teams often lack the capability and agility to meet escalating responsibilities.
To be compliant, productive and strategic, a business-as-usual approach to tax is not a viable option. So, tax and finance executives are confronted with a critical question:
What operating model will best position our tax function to stay ahead of the changing landscape?
Increasingly, the answer is tax managed services. A tax managed services delivery model is a collaborative, comprehensive sourcing approach that brings together key teams to provide the best possible contingent of talent to deliver the tax function. This model enhances the tax function’s operational efficiency and effectiveness by allowing for flexibility in scaling resources based on the organization's evolving needs and priorities.