Make the Process Fast, Accurate, Easier and Auditable
The provision for income taxes is the amount that a retail expects to pay for the current fiscal year. While this may sound simple, the calculation usually is complex and exacting. It involves adjusting the reported (“book”) net income, allowing for a range of permanent or temporary differences. Provision is a complicated process that challenges tax departments on three fronts. Discover what these three fronts are and how your organization can improve the tax provision process.
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