Account for taxes
How account for taxes are reshaped as AGI capability advances.
The bottom line
Roughly 90% of the work in Account for taxes is information-shaped — already within reach of AI delivery. The question here is not whether it shifts, but which tasks go first and who staffs the residual.
Why: With no child occupations seeded, this scalar is derived from the PCF lens ('Manage taxes', a subset of financial resources) and the process description (managing financial accounts and preparing tax records). Because accounting and taxation are pure knowledge work centered entirely on information transformation, the focus sits firmly in the high digital band.
grounded in the economy graph · digital scalar 0.90 · digital
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How the work flows
Trigger: The close of a financial reporting period or the approach of a statutory tax filing deadline initiates the tax accounting cycle.
- Gather financial data and taxable transaction records
- Calculate current and deferred tax liabilities
- Record tax provisions and journal entries in the general ledger
- Prepare statutory tax returns and supporting schedules
- Remit tax payments to appropriate governmental authorities
- Reconcile tax accounts and retain compliance documentation
Outcome: Tax liabilities are accurately calculated, recorded in the financial system, and statutory returns are filed and paid in compliance with regulations.