The third event in our Tax in Motion series—the 2022 Tax Summit—brought insights and perspective to attendees to help them understand and prepare for the challenges that may come along in this unpredictable environment. Over three packed days of topics we focused on helping answer questions, such as:
- How does my organization manage margin amid inflationary pressures?
- What’s ahead for IRS enforcement efforts?
- How can my business embed technology into our tax function?
- In what direction are the economy and policy moving?
As market conditions continue to evolve, the world of tax is also changing. Amid record-high inflation, tax policy discussions feature provisions that affect the cash flow of every business. With the increasing permanence of supply chain impairment, indirect taxes and tax technology solutions require attention. There are also major developments, such as the U.S. Inflation Reduction Act and increased funding for the IRS, for taxpayers to consider as businesses look ahead to year-end planning and strategize for a profitable 2023.