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.

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Technology Tax audit Sales 93

ThomsonReuters

OCTOBER 24, 2023

In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. Fortunately, tax departments are not powerless. accounting software, payroll, etc.) accounting software, payroll, etc.)

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Technology Tax corporation tax accounting and finance 52

ThomsonReuters

FEBRUARY 9, 2024

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation. Also, the act addresses the use of optical character recognition (OCR) software.

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Tax tax return Technology income tax 110

ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Watch our free on-demand webinar, Taking tax automation to the next level: Practical tips for automated companies. The 3 levels of indirect tax automation.

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Technology Tax corporation tax E-commerce 52

ThomsonReuters

DECEMBER 13, 2021

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

AUGUST 5, 2022

When making the business case for investing in automated indirect tax technology (IDT) and technology implementation, what the company stands to gain in terms of efficiencies and return on investment (ROI) are certainly important key factors, but the discussion must eventually come around to cost. Licensing costs.

Technology 52

Technology Tax E-commerce accounting and finance 52

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Increasingly, tax authorities are using this data to build comprehensive profiles of a company’s tax liabilities, and are even sharing that data with other countries.

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E-commerce Technology Tax corporation tax 52