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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

Learn more about embedded tax solutions and how they can benefit your organization, download our white paper on business tax transformation today.

Tax
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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

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Reflecting on tax season: How to make changes for next year

ThomsonReuters

From an unending stream of regulatory changes to increasing client demands, the accounting profession is in a constant state of change. Just as one tax season wraps up, the next is already on the horizon, bringing with it new rules, expectations, and challenges.

Tax
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Transforming together: The importance of building a strategic partnership between IT and indirect tax

ThomsonReuters

Tax’s contribution to the planning conversation is important because tax is one of the heaviest users of data in a large organization. And, unlike more siloed areas of a business, tax must pull the data it needs from departments across the organization.

Tax
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Introducing Thomson Reuters ONESOURCE: The world’s most powerful and reliable tax management solution

ThomsonReuters

By implementing a cloud-based, state-of-the-art tax-management solution like ONESOURCE , companies of all sizes can plan ahead with confidence knowing that their tax systems are prepared for whatever complexities and uncertainties the world throws at them.

Tax
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Understanding the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

Flexible Income Lookback : Taxpayers can choose to use either current or prior-year income to calculate the child tax credit in 2024 and 2025, providing flexibility in determining eligibility. Inflation Adjustment : Starting in 2024, the child tax credit will be adjusted for inflation to keep up with the rising cost of living.

Tax
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Managing strained accounting firm capabilities

ThomsonReuters

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Based on the findings, the top challenge for accountants is recruitment/retention, at 36 percent. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season.