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If you are Head of Tax (HOT) in an organization, you may be thinking “All these tax deadlines and tax projects are keeping me awake at night. How can this team accomplish everything we need to do in this quarter? Did I miss anything that will cost the company money? Here I am working all weekend again to meet these deadlines.” The late-nineteenth century French mathematician, Henri Poincare (1854-1912) studied the Theory of Chaos. Poincare explained,  “It may happen that small differences in the initial conditions produce very great ones in the final phenomena. A small error in the former will produce an enormous error in the latter. You can imagine what can go unnoticed on a complex corporate tax return!

After consulting to tax executives who are understaffed and overwhelmed and awake at night worrying about these very matters, I want to offer you ideas in these situations. Read More