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Companies Still Lag in Use of Data for Tax Planning
Manage episode 340592475 series 1461619
Content provided by Bloomberg Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Tax data and technology can be helpful for companies when making projections for tax planning purposes, but companies have to weigh when the best time is to implement them.
Data can give more certainty for companies in scenario planning, such as for the Inflation Reduction Act and everyday business decisions, said Greg Engel, vice chair of tax at KPMG LLP. Still, 52% of companies aren’t using tax data for this work, according to a recent KPMG report.
On this episode of Talking Tax, Engel speaks about the importance of companies incorporating tax data into tax planning, how companies are trying to hire to fill this need, and why now is the best time to integrate it.
Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
356 episodes
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Manage episode 340592475 series 1461619
Content provided by Bloomberg Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Tax data and technology can be helpful for companies when making projections for tax planning purposes, but companies have to weigh when the best time is to implement them.
Data can give more certainty for companies in scenario planning, such as for the Inflation Reduction Act and everyday business decisions, said Greg Engel, vice chair of tax at KPMG LLP. Still, 52% of companies aren’t using tax data for this work, according to a recent KPMG report.
On this episode of Talking Tax, Engel speaks about the importance of companies incorporating tax data into tax planning, how companies are trying to hire to fill this need, and why now is the best time to integrate it.
Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
356 episodes
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Similar to Talking Tax
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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continue reading
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Find distressed properties for pennies on the dollar and turn them for huge profits!
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