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

ThomsonReuters

NOVEMBER 29, 2023

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties.

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audit Technology Tax corporation tax 98

ThomsonReuters

MARCH 6, 2024

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. AI is adept at supporting both.

Tax 88

Tax corporation tax Technology auditor 88

ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Fortunately, tax departments are not powerless. accounting software, payroll, etc.) accounting software, payroll, etc.)

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

MAY 7, 2021

How to mitigate risks with tax software. Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. What challenges does your tax department face? Leverage clean data.

corporation tax 81

corporation tax Tax Technology tax planning 81

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. . “ percent from 2022 to 2030.

corporation tax 59

corporation tax Tax income tax tax return 59

ThomsonReuters

NOVEMBER 23, 2022

According to the Thomson Reuters 2022 State of the Corporate Tax Department report, almost two-thirds of all corporate tax departments are either at or near the beginning of their tax technology journey. Do you need tax technology? Some processes are automated, but integration is spotty.

Technology 59

Technology Tax corporation tax audit 59

CPA Practice

FEBRUARY 27, 2024

To help manage these processes, they often turn to a certified public accountant, a technology they can use in-house, or both. One of its core growth services is sales tax management. For the sales and use tax group that Rivers leads, the firm has two ways it helps clients. Since the Supreme Court’s S.

Technology 52

Technology Tax Sales tax return 52

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

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Tax tax return Technology income tax 110

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

Technology 59

Technology Tax chartered accountant Maine 59

Accounting Insight

JUNE 13, 2023

How can AI and automation help small accountancy practices provide a better service? The commodification of AI is also happening in accountancy: small and medium-sized firms are beginning to embrace the technology, which was previously the preserve of the Big Four. The benefits are broad.

Technology 52

Technology Account accountant accounted 52

ThomsonReuters

APRIL 12, 2021

International tax professionals can feel the winds shifting. Upcoming developments in international tax regulations — plus ongoing disruptions such as digital transformation, marketplace volatility, and remote work — are building the perfect storm. You need to prepare your tax team to keep your organization’s head above water.

Technology 86

Technology Tax income tax corporation tax 86

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.

Technology 52

Technology Tax corporation tax E-commerce 52

ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. The report highlights these contrasting perceptions, shedding light on the complex relationship between tax professionals and this emerging technology.

Tax 98

Tax tax preparation tax return Technology 98

ThomsonReuters

DECEMBER 22, 2023

As emerging technologies continue to reshape industries, tax departments are not exempt from the transformative power of innovation. In this era of rapid change, corporate tax professionals must stay ahead of the curve and leverage the latest tools and strategies to navigate the complex landscape of tax compliance.

Tax 52

Tax Technology corporation tax audit 52

ThomsonReuters

APRIL 8, 2024

Jump to: The impact of AI on business protection Navigating the shifted focus on consulting Automating the traditional method It is a transformational time for businesses as artificial intelligence (AI) increasingly impacts how companies of all industries operate and serve their customers. The accounting profession is no exception.

Tax 52

Tax Technology corporation tax Legal 52

ThomsonReuters

AUGUST 30, 2021

Even COVID-19 hasn’t derailed the march of globalization as multinational corporations continue to chase opportunities across borders — which requires their indirect tax teams to keep up with compliance obligations across multiple jurisdictions. How technologically sophisticated is your indirect tax team? In the U.S.,

Technology 52

Technology Tax corporation tax California 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

MAY 7, 2021

As technology transforms tax accounting, business schools are working hard to ensure the next generation of accountants are well-grounded in the digital tools and software that will be central to their professional lives. Tax Technology to the Classroom.

Tax 98

Tax Technology corporation tax tax accountant 98

Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. Our more progressive clients understood the opportunities presented by cloud technology and were already prioritizing their transition.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

APRIL 21, 2024

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. This straightforward task becomes a monumental challenge when dealing with complex tax codes, global operations, and time constraints. To illustrate the scale of the challenge, in the U.S.

Tax 52

Tax corporation tax Technology tax planning 52

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. And for well over a third (38%) of workers in the profession recently surveyed by Robert Half, generative AI is one technology that they expect will make a positive impact on their careers.

accounting and finance 122

accounting and finance Finance Account accountant 122

ThomsonReuters

MAY 22, 2024

They are also opportunities to hear experts at the forefront of tax technology discuss the trends and challenges that tax professionals can expect to encounter very shortly. For example, Chris Reich kicked off the session by asking: “What are the forces shaping indirect tax?”

Tax 52

Tax Technology income tax Government 52

ThomsonReuters

APRIL 12, 2021

In a new episode of the Tax & Tech Talks podcast series, experts from KPMG and Thomson Reuters discuss how companies are turning to automation and analytics software to stay ahead of changes buffeting indirect tax management. _. Listen to the entire episode. I don’t think that’s going away,” Reich said.

Tax 98

Tax Technology corporation tax audit 98

Shay CPA

NOVEMBER 14, 2023

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.

New York 52

New York Technology corporation tax Delaware 52

ThomsonReuters

JUNE 28, 2022

Corporate tax teams that want to invest in an automated indirect tax solution can’t simply declare to decision-makers that efficiencies, cost savings, and a host of other benefits will magically start boosting the bottom line once the software is activated. what the return on technology investment (ROI) is going to be.

Tax 90

Tax Technology corporation tax auditor 90

CPA Practice

JUNE 1, 2023

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.

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Tax corporation tax Technology accounting and finance 98

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

ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.

Tax 59

Tax Account accountant accounted 59

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.

Tax 59

Tax corporation tax Technology tax return 59

Accounting Insight

MAY 9, 2024

IRIS has over 24,000 accountancy customers, 6,000 of which are now using Elements to run their practice. IRIS has over 24,000 accountancy customers, 6,000 of which are now using Elements to run their practice. We remain steadfast in our commitment to supporting accountants and bookkeepers throughout their technological journeys.”

bookkeeping 64

bookkeeping Technology corporation tax payroll 64

ThomsonReuters

JUNE 22, 2021

Indirect tax specialists in North America and Europe expect to see more digitized tax filing and real-time remittance requirements in the next two years — and they lack the technology and operational processes to meet these demands. The median number of countries is five; the average is 17.

Tax 52

Tax Technology corporation tax California 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

Going Concern

APRIL 8, 2024

Let’s take a moment to extend thoughts and prayers to our brothers and sisters in the final days of the tax season grind. The so called “Big Four” accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. You’re almost there!

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auditor audit Account accountant 57

Menzies

FEBRUARY 16, 2023

Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either. New tech The government closed the Help To Grow: Digital scheme in February 2023.

Technology 52

Technology chartered accountant income tax corporation tax 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. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. And in the U.S.,

E-commerce 52

E-commerce Technology Tax corporation tax 52

ThomsonReuters

NOVEMBER 30, 2020

The new Thomson Reuters podcast, Tax & Tech Talks explores the evolving inter section of tax and technology. Each episode explores current issue s or topic s , giving listeners an opportunity to gain a deeper understanding and new perspectives in tax and tech. Optimizing the tax function.

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Finance Technology Tax accounting and finance 98