With the close of 2025 quickly approaching, tax teams are juggling the complexities of year-end tax accounting and reporting while preparing for uncertainties of the next calendar year. Geopolitical and economic changes, coupled with rapidly advancing technologies, have led to a continuous evolution in the role of tax teams. At the same time, shifting tax policies and growing demands for tax transparency have further complicated reporting and increased tax-related risks.
We are living in a time of change: the 2025 EY Tax and Finance Operations survey (TFO survey) found that 81% of organizations will make moderate to significant changes to how they run their <a href="https://bitcomme.com/from-employees-to-entrepreneurs-whats-driving-the-small-business-boom/” title=”From employees to entrepreneurs: What's driving the small business boom “>business in the coming two years in response to geopolitical pressures, up 20% from the previous year.
Embracing these changes will be crucial for navigating the complexities of the modern tax environment as demands on tax teams grow. Teams will need to enhance efficiencies, help ensure compliance and leverage innovative technologies to streamline processes. Additionally, accelerating elements of year-end accounting and proactively addressing challenges in the coming months will be critical in managing risks and unexpected issues and alleviating pressure on the financial statement close process.
Here are three key considerations for tax teams as 2025 ends.
