Within the tax department, PriceWaterCoopersoffers many services. These services include Business Compliance, IFRS, Indirect Tax, International Tax, National Economics and Statistics, State and Local Tax, Tax Function Effectiveness, Tax Accounting, Tax Projects Delivery Group, Washington National Tax, as well as Global Tax services and Transfer pricing services.
These services are offered to help their clients legally and effectively manage their taxes. Services offered in Business Compliance help a company meet all tax requirements through specialists and state-of-the-art technology.
Beginning in 2014, companies will be required to adopt IFRS, or International Financial Reporting Standards. PwC tax services offer assistance in helping prepare organizations. As stated on PwC’s website, “it is important that US tax executives understand the implications that IFRS could have on the company's global tax function and begin to plan accordingly.”
There are many benefits to using PwC instead of using the tax department of one’s organization. Through using PwC tax services, the organization’s tax staff can focus on value-added tax department activities. In today’s economy, having a large tax department staff can be expensive. PwC tax services can be used to assist the company’s in-house resources at particular phases or for the entirety of a task. PwC also has state-of-the-art tax technology tools, specialized tax professionals, compliance specialists, risk management tools, as well as many other technologies and specialists. Using PwC specialists and technology can help save an organization money by reducing the need to develop technology tools, and reducing the need for hiring and training specialists within the company.
PwC’s website provides specific information on each service offered, as well as contacts to request information about a specific service offered.