Following are some jobs Robots have been trained to perform within Tax:

  • Extracting information from systems
    • Extract book trial balance and key balances such as accruals, fixed assets, M&E or other tax sensitive accounts
  • Formatting and work paper creation
    • Formatting, cutting, pasting to get info ready to be entered into the tax computation system
    • Manipulating trial balances before importing into tax tool
    • Rollover balances and input into tool
  • Data validation and roll forwards
    • Validating information by referring to a checklist of items to ensure that the checklist is complete
    • Assuring data such as validating the book income on the M-3 equals the bok income in the equity roll-forward
    • Fixed asset or quarterly payable roll forward
  • Inputting data into tax systems and forms
    • Entering tax data by pushing of tax specific data from a work paper into the tax application for federal, state, international, extensions and estimates
    • Moving trial balance data from GL into tax reporting systems
    • Tax return processing
  • Generating reports
    • Download of specific reports at specified times and emailing them to stakeholders
  • Reconciliations
    • Identify unreconciled items and send alerts
    • Checking and reconciliation of various tax balances to triage exception items for review
    • Reconciliation of balance and transactions in the finance system
  • Disclosures and attachments
    • Checking returns to ensure proper attachments and elections are included
  • Mailing and printing
    • Certified mail – complete the 3 separate forms needed and save the receipts in the correct folder
    • Create labels for mailing
    • Print, file and save the returns
  • efiling
    • Clearing diagnostics for eFiling
    • XML to return reconciliation
    • Print or email eFiling acceptance notification or rejections or emailing to a specified person
  • Saving work papers and tax returns
    • Save to designated file with correct naming convention
    • Maintain historic tax data for audit purposes

Contact us today to discuss your RPA journey, where you might be in relation to other tax groups and how we can help, quickly and cost effectively info@rpaimplementation.com