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December 11, 2023

The role of tax accounting in a high-stakes tax environment

In today's tax environment, the role of the tax accountant is critical. Global tax policies are in flux, tax reporting and compliance requirements are becoming more complex, and an uncertain economy and high interest-rate environment have heightened the need for effective cash management. These dynamics have raised the profile of the tax accounting function, which is often where data and reporting concerns first appear. With tax decisions increasingly connected to companies' business strategies, transforming tax accounting processes is one way to keep up with the changing times. Results from the EY 2023 Tax Accounting Executives Survey show firms are evolving their tax accounting functions to address new challenges, but more is needed. Learn more in this EY article.