ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Technology 93

Technology Tax audit Sales 93

TaxConnex

JUNE 27, 2023

Staying on top of your sales tax obligations is crucial to maintaining compliance and avoiding costly penalties. In this blog, we will explore the key differences between sales tax software and service providers, weighing their pros and cons to help you make an informed decision that aligns with your unique business needs.

Sales 130

Sales Tax auditor tax return 130

Xero

DECEMBER 4, 2023

There are more than 13,000 jurisdictions across the US, so sifting through them all and making sure you’re selecting the right ones for your business can be a real compliance headache. In the meantime, we hope it helps you better manage sales tax, so you can avoid those compliance headaches. But we have some great news.

Sales 77

Sales Tax accounting and finance Start-ups 77

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. From there, look for opportunities to innovate and automate. Download report 2.

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

MARCH 20, 2024

However, there is an answer: audit automation. Let’s take a look at the transformative benefits of single audit automation. Ensure accuracy with audit automation Applying the rules and calculations to determine which federal awards must be audited and the procedures that must be performed can be intricate and prone to errors.

audit 52

audit auditor cpas financial statements 52

Xero

MARCH 19, 2024

These will automate processes and reduce the risk of manual calculation errors, so you can stress less about payroll compliance and get more time back to do what matters most: running your business. Register for a Xero Payroll webinar The post We’re paying back time with new changes in Xero Payroll appeared first on Xero Blog.

payroll 85

payroll bookkeeping Start-ups Government 85

ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. How do you ensure audit compliance? compatible.

audit 98

audit Non-Profits Technology auditor 98

ThomsonReuters

OCTOBER 24, 2023

based CFO Consultants, in a blog post. With the right technologies in place, they can improve efficiencies, mitigate risk, better serve internal stakeholders, and ultimately drive greater profitability. In today’s complex environment, professionals must have the right technologies in place to work smarter and faster.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

Tax 59

Tax Technology AP Automation accounts payable 59

CPA Practice

NOVEMBER 14, 2023

QuickBooks Online Accountant improvements QuickBooks Online Accountant (QBOA) is the one place accounting professionals go to manage their firm and QuickBooks clients. Features include automated bank feeds, bank reconciliation, financial statements, 1099 tracking, and a seamless transition to tax preparation.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

ThomsonReuters

APRIL 17, 2024

The ability of GenAI to process vast amounts of data quickly and accurately offers the promise of improved quality and accuracy of work, enhancing the overall efficiency of tax preparation and staying on top of compliance and regulations. “I think we are still in the early stages of generative AI.

Tax 98

Tax tax preparation tax return Technology 98

CPA Practice

OCTOBER 31, 2023

This article first appeared on the Thomson Reuters blog. According to the EEOC, employers are using automated systems (including those with A.I.) 2023, A7859 ) have pending legislation regarding the use of automated tools in hiring decisions. what are some protocols that an employer should put in place for compliance purposes?

Legal 116

Legal audit payroll Technology 116

ThomsonReuters

NOVEMBER 8, 2022

Automation. Today, automation is the name of the game. For accounting firms in particular, the automation of day-to-day accounting activities can not only save time and increase revenue but can also boost staff engagement levels. So how does automation work at an accounting firm? Accounting firm technology trends.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

JUNE 16, 2023

Unfortunately, failure to do so places firms at a significant disadvantage. Compliance In today’s fluid regulatory environment, staying up to date on the revolving door of changes can prove challenging. Using software that lacks sufficient automation and integration capabilities results in significant workflow inefficiencies.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

APRIL 5, 2024

To ensure accurate interim tax reporting and compliance with ASC 740, companies should have a robust system of internal controls in place, including procedures for identifying and correcting errors and staying up-to-date with the latest tax regulations. Companies may find it difficult to allocate income and expenses to interim periods.

Tax 68

Tax income tax financial statements accounting standards 68

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff. Unlock growth opportunities.

Tax 98

Tax Technology tax preparation tax return 98

TaxConnex

APRIL 28, 2022

Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast. Good management.

audit 175

audit auditor general ledger Minnesota 175

ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. In the next two years, more than a dozen countries (e.g.,

Tax 59

Tax Technology corporation tax Government 59

Xero

AUGUST 7, 2023

Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve those key business challenges. Avalara Avalara helps businesses of all sizes get tax compliance right. Can’t wait to see you there!

bookkeeping 92

bookkeeping E-commerce Tax Account 92

ThomsonReuters

MARCH 8, 2024

Take the time to audit your existing services and redefine your offerings by distinguishing between advisory and compliance services — and figuring out how to monetize the value of that difference. In this webcast, discover how to elevate your tax firm’s efficiency and accuracy with the latest automation technologies.

cpa firm 96

cpa firm CPA Technology Tax 96

ThomsonReuters

NOVEMBER 15, 2023

“Not only do you need to know where the product is coming from and whether it’s from the Uyghur region or not, you need to know where the raw materials are from, and be able to trace and prove it if there is a compliance check.” brokers) and regulatory compliance, as well as some aspects of trade logistics and operations.

Georgia 94

Georgia Technology Government Legal 94

Acterys

APRIL 11, 2023

In this blog, we have discussed what autonomous financial planning is, how it benefits the office of the CFO, and how you can adopt CPM tools that help build faster, more accurate financial planning and analysis processes that run on autopilot. Autonomous financial planning isn’t the same as automation; in fact, it goes beyond it.

Technology 130

Technology Finance Manufacturing Legal 130

ThomsonReuters

JULY 6, 2023

This differs from traditional compliance work in that tax returns and related activities report on what happened in the past. Accounting advisory services are all about the future — and this shift is picking up steam as more and more accounting firms use technology to automate tax returns and compliance work.

Account 98

Account accountant accounted tax return 98

ThomsonReuters

FEBRUARY 13, 2024

As professionals’ roles become more demanding, so the business of global trade is getting more complex by the day, and sophisticated tech tools are increasingly necessary to keep on top of the fast-evolving regulatory and compliance requirements. AI is the answer: AI can automate repetitive processes, such as in product classification.

Technology 52

Technology Legal Government Tax 52

ThomsonReuters

JULY 2, 2021

Until December 31, 2021, businesses do not need supplier declarations in place when goods are exported. Global trade automation and compliance tools. These include global trade management tools to: automate product classification. automate documentation for rules of origin compliance.

Technology 98

Technology audit Maine Start-ups 98

ThomsonReuters

MAY 27, 2022

While useful, these actions carry a heavy burden on supply chain staff, there’s an increased rate of error, and compliance costs as well as penalties for noncompliance are high. Effect of the Russia-Ukraine conflict on supply chain compliance. Border regulations affecting supply chain compliance.

Technology 93

Technology audit Virginia Manufacturing 93

ThomsonReuters

AUGUST 2, 2022

From tax compliance to firm management to advisory tools, it’s time for accounting firms to use technology to reflect the modern tax and accounting workflow and meet the needs of staff and clients. The post Attracting Gen Z talent to the accounting profession appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Account 97

Account accountant accounted Technology 97

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Shifting your firm’s focus to becoming a more strategic partner does not mean compliance services are not important. They most certainly are. Ready to make that difference?

tax return 97

tax return Tax Account accountant 97

ThomsonReuters

JANUARY 30, 2023

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. That ’ s why it is essential for firms to have a robust corporate tax technology platform in place. How can direct tax software help tax reporting?

Tax 59

Tax corporation tax Technology tax return 59

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ Data automation.

corporation tax 59

corporation tax Tax income tax tax return 59

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Here’s some tips, tricks, and insights to help you understand what’s involved, and how Xero can help you manage all your property finances in one place , giving you the freedom to free swim!

Account 95

Account accountant accounted accounting and finance 95

Xero

NOVEMBER 15, 2022

Apps can help automate your admin, generate insights, manage your day-to-day operations and give you access to deep analytics for smarter business decisions. Kolleno – Recover overdue balances with automated invoice chasing and one-click payment collection via a simple digital payment platform. Getting paid quickly.

E-commerce 90

E-commerce Approval Workflows payroll Sales 90

ThomsonReuters

MARCH 19, 2024

Explaining the benefits and limitations of generative AI in tax procedures, along with detailing the safeguards your firm has in place, is crucial. Increased accuracy, efficiency, and compliance are just some of the tangible advantages. This helps in reducing the risk of non-compliance.

Tax 52

Tax Technology Education auditor 52

ThomsonReuters

JANUARY 12, 2023

If you work in the professional services sector, you’re well aware of the rise of automation. For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . Getting up to speed on audit automation technology.

Technology 52

Technology audit auditor Tax 52

ThomsonReuters

NOVEMBER 8, 2022

The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. Integrated technology can help your firm automate each stage of the tax workflow. Automate key aspects of data collection including importing users and permissions and importing/exporting documents.

Technology 105

Technology Account accountant accounted 105

Xero

AUGUST 21, 2023

Making 1099 compliance easier This fall, Xero is releasing a W9 management solution to make handling 1099s easier. The post US Roadshow Accelerate: Xero brings the product announcements (and the noise) appeared first on Xero Blog.

bookkeeping 76

bookkeeping Non-Profits Technology Tax 76

Withum

JANUARY 24, 2023

In my last blog , I presented some best practices around Admin roles that can be used to target Microsoft 365 workloads such as Exchange Online, Microsoft Teams or SharePoint Online. Keep track of your company requirements for compliance by leveraging Microsoft Compliance Templates which are pre-configured with industry standards.

audit 52

audit Technology Legal Maine 52