Almost overnight, the coronavirus pandemic significantly changed many elements of how we live
and work. For the tax industry, one of the more noteworthy adjustments was the sudden shift to
remote work; resulting in a substantial transformation in the ways we conduct business. While we are by no means against remote work, we feel it’s critical that tax departments are strategic about how and when they utilize it.
Demographic Impact on Tax Leadership Roles - Updated Data 2022
Data from our newly released report is showing that Baby Boomers (ages 58-76) are retiring but what’s more startling is the number of Baby Boomers remaining in our Head of Tax and #2 roles. Read the report and pass along to your tax, HR, and financial leadership, as the implications of this imminent knowledge drain will affect all levels of the tax department.
Steps to Defend Against Heightened Corporate Tax Whistleblower Incentives
We realize those of you in tax are unlikely to get involved in tax fraud knowingly, but in recent months, the current political zeitgeist has put a spotlight on wealthy citizens and corporations who are believed to be paying less than their fair share of taxes. Not surprisingly, this has culminated in a heightened focus on identifying and prosecuting these alleged tax dodgers.
Despite evidence from our Tax Hiring Outlook that the tax industry performed well under the pressures from remote work last year, we linger in unknown territory as employers and employees have different views on remote work in the future.