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Why you need tax-specific GenAI tools despite concerns

ThomsonReuters

Jump to: Concerns around GenAI Why you still need GenAI What to look for in an AI assistant 2024 GenAI in Professional Services Discover perceptions, usage, and impact on the future of work View full report The potential benefits of AI for the tax and accounting profession are real. They are worthy concerns.

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BEPS 2.0 Pillar Two – What Tax Teams Need To Succeed 

CPA Practice

Before early 2024, tax teams must learn how to balance the additional requirements of the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two will impose new data reporting requirements and additional global tax compliance challenges for multinational business with turnover greater than 750M EUR. By David Woodworth.

Tax 98
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Making Tax Digital for Income Tax Self Assessment: Our guide to Unique Taxpayer Reference numbers

Xero

Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA). The government legislation with the goal of digitising the tax process has been underway for some time, and the next step is looming large on the horizon.

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Your Essential Guide to the Delaware Annual Filing – 2024

Shay CPA

Every corporation incorporated in the State of Delaware is required to file an Annual Franchise Tax Report and pay the associated franchise taxes. The purpose of this tax is to maintain the corporation’s good standing status within the state.

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What New York-Based Tech Companies Should Know About QETC Filings

Shay CPA

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.

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Thomson Reuters Adds Generative AI to SurePrep

CPA Practice

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.

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HMRC Business Enquiry/ HMRC Corporate Enquiry

Accounting Insight

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. more people and time resources and so costs too).