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Building Long-Term Value Through Tax Accounting Excellence

Building Long-Term Value Through Tax Accounting Excellence

For years, we have provided ongoing tax accounting support to a large privately held U.S. multinational corporation. With a focus on high-quality tax provision work, process automation and strategic tax guidance, our consultants have become indispensable to the client’s financial operations.

Challenge

A privately held multinational corporation, spanning multiple industries, required specialized tax accounting expertise to manage its complex financial reporting and compliance needs in-house. The company required seasoned professionals who could seamlessly integrate into its accounting and tax functions, while managing its quarterly tax provisions, implementing tax technology solutions, and providing strategic advisory services—without the inefficiencies of traditional external staffing models. 

Solution

Steele Consulting—now part of SolomonEdwards—deployed a team of highly experienced tax professionals, many with Big Four and industry backgrounds, to support the client’s tax accounting function.  Our consultants remain continuously engaged, leading tax provision work, ensuring compliance with U.S. GAAP, and serving as key advisors to the internal tax and finance teams. 

Key initiatives have included implementing OneSource Tax Provision (OTP) to streamline financial reporting, leading the tax accounting integration into the client’s enterprise-wide consolidation reporting tool, and driving automation through Alteryx and Tableau.  

Beyond technology implementations, we have provided critical tax accounting leadership, serving as a trusted resource for tax, treasury and global finance teams. Our ability to anticipate challenges, solve problems proactively and work both autonomously and collaboratively continues to ensure that tax reporting is accurate, timely and aligned with corporate strategy and objectives. 

Outcome

With a dedicated team of Steele consultants—serving tax accounting and compliance functions—the client continues to rely on us for expert tax provision and compliance assistance, financial reporting leadership and process automation. Our team’s successful use of tax technology solutions, combined with ongoing advisory support, has allowed the client to maintain operational efficiency without increasing permanent headcount.  

Steele Consulting, now part of SolomonEdwards, brings specialized expertise in corporate tax services across state, local, federal and international jurisdictions. Learn more here. 

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