Income Tax Accounting
BDO helps businesses to develop a stronger income tax accounting function and ultimately, reducing their total tax liability.
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Tax Automation & Innovation Services
Elevate your tax department from reactive to proactive
Reimagine your tax function from data to deliverable
Corporate tax departments face a constant stream of new and evolving demands, from ever-increasing regulatory and reporting requirements to the need for improved speed and total tax transparency, all with fewer resources to execute effectively.
The only way to keep pace is to modernize tax operations. Tax departments must leverage technology — from traditional tax engines to artificial intelligence and other evolving tools — to accelerate data-driven insights, improve reporting, maintain regulatory compliance, and support a total tax approach.
Our Tax Automation & Innovation team works with businesses to transform tax processes, establish a master data foundation, automate tax calculations, and streamline tax reporting.
A practical approach tailored to your business. We work to understand your unique needs, then design a flexible strategy and roadmap based on your fact pattern. BDO is there through every step, offering robust training and ongoing guidance to help your team fully realize the benefits of innovation.
How BDO Can Help
Delivering Innovation Across the Tax Lifecycle
We work with clients to optimize the entire data-to-deliverable spectrum, from data sources all the way to final reports.
Data
Gathered from source systems, such as ERP, general ledger, fixed assets, inventory, human resources, sales, purchases, data providers, data lakes, and databases.
Data Engineering
Innovative technologies deployed based on business need, such as master data management strategy, data modeling, artificial intelligence, and robotic process automation.
Tax Engines
Tax system implementation, configuration or optimization based on selected tax software, including tax provision, income tax, indirect tax, transfer pricing, fixed assets and more.
Deliverables
Outputs from tax systems and databases, including financial reporting, tax returns, estimated payments, transfer pricing inputs, statutory reports, data visualizations, dashboards, and analytics.
Capabilities
We start with a Tax Process Workshop to evaluate existing processes within your tax function. Through this workshop, we identify areas of opportunity to streamline processes and leverage technology to create overall efficiencies in order to focus on risk mitigation and overall operational goals of the organization. Request a free tax process assessment to get started.
We design and develop data solutions that automate the gathering, sharing, loading, and visual analysis of tax and financial data — speeding time-to-value, mitigating risk of manual data entry, enhancing transparency, and strengthening report quality.
Whether building complex workflows, creating insightful dashboards, or training an artificial intelligence model — clean, well-managed data is key to long-term success. We help you develop a tax master data foundation in alignment with the enterprise data strategy and then leverage this throughout the solution development process to increase data quality and governance.
Whether you are just starting your journey or looking to extend the value of your existing technology, we help select, implement, and optimize tax reporting systems, including tax provision, tax compliance, indirect tax automation, transfer pricing and more.
We work with your tax department to streamline processes and automate manual tasks — strengthening and formalizing all workflows with documentation, standardization and increased process transparency.
We provide training and documentation to your team to understand and confidently use new or existing technologies and processes. We offer live and virtual trainings, user guides, transition guidance and post-implementation support — all custom to your needs.
Free Tax Process Assessment
Transforming the tax function helps businesses recognize valuable time and cost-savings, make smarter decisions faster, and react and respond more quickly to new regulatory obligations and changing market forces. Understanding your current state is the first step. This is where BDO can help with a free Tax Process Assessment.
Tax Automation & Innovation Case Studies
Join this annual webcast series where we'll dive into topics such as data storage, visualizations, artificial intelligence, and data strategies that support a total tax approach and a more agile tax function.
Tune in to the podcast for insightful conversations with tax and technology leaders as they share their perspectives on reimagining the tax function to be more efficient, analytical, strategic and future-oriented.
Technologies We Implement
We have strategic relationships with a growing ecosystem of technology vendors including:
Solutions
BDO AI Solution
Wherever you are in your AI journey, BDO provides comprehensive AI services and solutions to help you find efficiencies, address business challenges, and foster sustainable growth.
Tax Automation & Innovation Insights
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Contact Us
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