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Interim managers 'used for tax functions'
Employing an interim manager can help businesses to improve their tax operations without the use of an in-house function.
According to Accountancy Age, bringing tax advice and compliance services in-house has become increasingly common among UK firms in recent years, as such a set-up provides both cost savings and convenience.
However, for smaller companies that believe establishing an internal tax department would be "a step too far", the use of interim expertise could be a more suitable option.
"A strong interim manager can sometimes provide the bridge between internal and external relationships," the publication comments.
It explains that interim tax professionals are able to offer businesses an "impartial eye", which could help to identify areas for potential savings or recoveries that an in-house system would overlook.
Furthermore, the appointment of an interim manager can add valuable skills and experience to an under-resourced team.
Fortune magazine recently described the interim sector as "a thriving sub-industry for executives" and claimed managers require a range of skills to succeed in such roles.
Categories: Financial Services