Corporate Tax Pros: It’s That Time of Year Again
That’s right. Summer is almost here, and conference season is upon us. Next week, tax pros will descend upon everyone’s favorite vacation destination, Orlando, Florida. It will be a mixture of both business and pleasure as the Association for Computers and Taxation (ACT) kicks off their annual conference at Disney’s Contemporary resort from Wednesday, May 23rd- Friday, May 25th. My colleague, Kelley Lear, and I will be in attendance for three days packed with educational sessions, including such topics as A True Automated Tax Department, Transfer Pricing – What’s the Big Deal and Vision for a Global Tax Reporting Solution and Beyond, a vendor expo and lots of opportunities for networking.
It’s All About Cash Flow! Tax Pros Share Tips…
Was just getting ready for an upcoming conference and discussion on creating a proper business case for securing tax department budget for tax technology and other tax department projects. One of the concepts we cover is understanding what your CFO and C-Level executives care about so that you can present your projects more effectively. In recent discussions with folks, I got a bit of a chuckle as pretty much everyone told me “it’s all about the cash”, “cash is king” or “all they care about is increasing cash flow”. Since we are coming into summer projects season, I thought I’d share some of the discussions we have been having with Tax Pros out there about cash flow. Maybe you can get started on planning a summer project that will result in a sizable bonus for you at year end!
Corporate Tax Geek or Nerd: Which One Are You?
Number crunchers, computer programmers, gamers and the like have all no doubt succumbed to being called a “nerd” or a “geek” at one time or another in their lives. Corporate tax professionals are certainly no strangers to feeling like outsiders at times themselves. Have you ever been to a social event outside of your immediate corporate tax circle and had someone ask you what you do for a living? They then follow up by asking you if you like what you do. As you explain why being in corporate tax is something you enjoy, you share your love for numbers and complex problem solving. You share the amount of time you spend at the office with limited resources. Your response garners something equivalent to what happens after a needle scratches across a record….dead silence.
Tax Pros…Do You Know What your Kids are Doing Online?
OK, so this one is just because I am a Mom who happens to be in the “oh so busy” tax industry…and if most of you are like me, you don’t have an exorbitant amount of free time in which to search through all the new and interesting technology, websites and “apps” that your children can now get access to. Thankfully, my son is eight and it is still easy to know/monitor what he is getting online to see and do. So far, he love YouTube for ridiculous videos and http://www.addictinggames.com/. And, by the way…when they call it “addicting games” they mean addicting. I think my husband and son are both addicted for sure! I also have nieces and nephews in the their teens though, who are a bit more mobile and able to enter a whole new world of social media.
Gamification: Will It Give Tax Departments a Leg Up in the Future?
Have you heard of Farmville? How about Angry Birds? Unless you haven’t been paying attention, you most likely know about or have played one or both of these highly addictive social games on Facebook or your iPad. Yes, for the most part, social games like these are huge time wasters…..but not always. My first-grade son has been excelling in math by playing an online game called VMath, where he can log on, compete in math races with kids all around the world and then use the points he has earned to buy fun things in a virtual store. So, what do these games have in common? They all employ gaming techniques, such as leaderboards, points and rewards and levels, which tap into basic human behavior and have those playing repeatedly coming back for more.


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