Tax Reporting Study - A study conducted by Business Finance

This study, conducted by Business Finance, includes a survey of more than 240 tax and finance professionals at a wide range of companies, both in size and revenue.  Objectives of the study include:

1. Investigate the tools used during the tax reporting process.
2. Determine the level of integration and automation within the accounting for income tax process.
3. Examine the issues and hindrances respondents face during the accounting for income tax process.

The top 3 findings of the study include:

• More than 50% of respondents use spreadsheets for the tax reporting process
• Organizations spend almost twice as much time collecting data as they do analyzing it
• Accuracy of data is the top concern amongst tax professionals

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