Challenges and Strategies Faced by Enterprise Financial Management under the Background of Tax Automation

Authors

  • Yiwen Chen

DOI:

https://doi.org/10.54691/cn4aja25

Keywords:

Tax Automation; Enterprise Financial Management; Challenge; Countermeasures.

Abstract

This study explores the challenges and opportunities brought by tax automation to corporate financial management in America. In terms of challenges, the article points out the complexity and variability of tax regulations, the stability and security requirements of tax information systems, and the need to enhance professional competence in tax accounting. In terms of opportunities, tax automation has significantly improved financial work efficiency, reduced compliance risks, promoted the rationality of tax planning, and enhanced the market competitiveness and risk resistance of enterprises. To address these challenges and fully utilize opportunities, the article proposes a series of measures, including deepening the study of tax regulations, automating salary and tax processes, dynamically monitoring financial and tax policies, optimizing salary and tax planning, and utilizing big data technology for in-depth financial analysis to promote the optimization and upgrading of enterprise financial management.

Downloads

Download data is not yet available.

References

[1] Chen B .Research on the Countermeasures of Corporate Financing Constraints under the Background of Financial Digital Transformation[C]//Eliwise Academy.Proceedings of the 6th International Conference on Economic Management and Green Development(part5).Xiamen City University;,2022:8. DOI:10.26914/c.cnkihy.2022.091766.

[2] Li G .Research on Innovation of Enterprise Management Accounting Informatization Platform based on Intelligent Finance[C]//(Wuhan Zhicheng Times Cultural Development Co., Ltd.).Proceedings of 1st International Symposium on Economic Development and Management Innovation(EDMI 2019).Qingdao University of Technology;,2019:6. DOI:10.26914/c.cnkihy.2019.047067.

[3] Zhang Z .Research on Whether Enterprise Financialization Can Improve Enterprise Investment Efficiency[C]//Wuhan Zhicheng Times Cultural Development Co., Ltd..Proceedings of 5th International Conference on Business, Economics, Management Science (BEMS 2023).Lingnan College, Sun Yat-Sen University;,2023:18. DOI:10.26914/c.cnkihy.2023.007889.

[4] Xiao K .How does Environment,Social and Governance Affect the Financial Performance of Enterprises?[C]//AEIC Academic Exchange Information Center(China).Proceedings of 2023 8th International Conference on Social Sciences and Economic Development(ICSSED 2023). Northwestern University School of Economics and Management;,2023:12. DOI:10.26914/c.cnkihy. 2023.098468.

[5] Wang S .The impact of green credit policy on enterprise risk-taking:an empirical test based on DID[C]//Wuhan Zhicheng Times Cultural Development Co., Ltd..Proceedings of 4th International Symposium on Economic Development and Management Innovation (EDMI 2022).School of International Education,Shandong University of Finance and Economics;,2022:14. DOI:10.26914/ c.cnkihy.2022.080446.

Downloads

Published

2024-09-26

Issue

Section

Articles

How to Cite

Chen, Yiwen , trans. 2024. “Challenges and Strategies Faced by Enterprise Financial Management under the Background of Tax Automation”. Scientific Journal of Economics and Management Research 6 (9): 13-19. https://doi.org/10.54691/cn4aja25.