Workforces across the world have changed rapidly over the past couple of years thanks, in large part, to two major trends. The first is the rapid digitization and transformation of service offerings during the pandemic. As our working lives shifted from office-based to online-based, the services that enable employees to do their jobs had to follow the same pattern. And with working practices predicted to remain a hybrid mix of office and remote-based, these changes are here to stay.
Tax teams are taking on an increasingly strategic role within today’s businesses. However, given the rapid pace of change, many executives are still unaware of the untapped strategic potential within these teams. Watch Now: Tax reporting in a changing world Some organizational leaders may still view the tax department as a group of technicians – specialists responsible for tracking changes in the law, calculating tax liability, and filing the necessary paperwork.