According to a report issued by BNA, corporate tax departments are evolving into higher risk environments. A majority of corporate tax executives surveyed said that tracking the legislative changes is one of the biggest challenges they face this year; in addition to the burden of compliance and the challenges of implementing technology and automated tax systems. On top of all of these current challenges are the difficulties companies experience in hiring and retaining technically qualified tax professionals to complete work timely to meet tax deadlines. While corporate management teams continue to place more pressure on tax leadership, something has to give in this type of business environment. It is imperative C-suite executives provide tax leadership with what they need to mitigate the increased risks facing companies today.

Here is what management can do to support tax executives working in this very high risk environment.

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