Identify the tax compliance requirements for the business operation
Collect and prepare necessary financial documents
Review last year's tax returns
Calculate estimated taxes
Prepare necessary tax forms
Check for tax deductions and credits
Transmit tax forms to Internal Revenue Service
Approval: Tax Compliance Officer
Make necessary payments for due taxes
Review state and local tax requirements
Prepare state and local tax returns
Make necessary payments for state and local taxes
Store tax compliance documents securely
Update bookkeeping and tax compliance records
Monitor new tax law changes
Confirm receipt of tax forms by relevant authorities
Approval: Financial Controller
Analyze financial transactions for potential tax issues
Provide information for audits if required