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State & Local Tax Insights

Washington Tax Insight September 2018

Politics and Congressional Activity Congressional activity has slowed in the month of August with both the House and Senate taking a recess, although the Senate recess was shortened to one week.  Key legislative issues, including the FY 2019 appropriations bills, must be dealt with in September, but the upcoming mid-term elections will be the primary focus in Washington this fall with the possibility that Republicans could lose the majority in […]

September 11, 2018

Three Types of Internal Tax Control Risks Every Business Should Consider

When looking at internal controls from a tax perspective, businesses tend to zero in on financial statement risk. And while that’s important, there’s really a lot more to it than that. In order to get a complete picture, there are three broad areas of risk that all companies should take into account. Inherent risk. This is risk that exists due to the nature of the company and its environment. It […]

August 7, 2018

Four Areas Where Tax Technology Reduces Risk

Tax departments are faced with continually increasing complexity and ever-evolving challenges, yet only about 25-30% of mid to large-sized organizations have taken advantage of modern technologies to automate their tax processes. For many of these organizations, the status quo of Excel has simply prevailed. For others, it’s a lack of understanding of the true business case behind tax technologies. Often, tax technology is considered only after a deficiency has been […]

August 7, 2018