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

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.)

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

NOVEMBER 29, 2023

” The good news is that there are proven strategies for tax professionals to effectively navigate this change while achieving their goals and balancing their workloads. Tax technology and automation: two of the biggest differentiators for tax departments An important component of any strategy involves automation.

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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.

Tax 88

Tax corporation tax Technology auditor 88

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 121

accounting and finance Finance Account accountant 121

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.

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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. as well as global tax, automating the preparation and filing of sales tax returns for all jurisdictions in the U.S. Sales tax is not really considered the glamorous piece.

Technology 52

Technology Tax Sales tax return 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 30, 2021

For corporate indirect tax specialists this reflects international business as usual – and solidifies the gap between their resources and the work required to meet regulatory requirements everywhere their companies operate around the world. How technologically sophisticated is your indirect tax team? In the U.S.,

Technology 52

Technology Tax corporation tax California 52

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. So, does your startup count as a QETC? Let’s dig in.

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New York Technology corporation tax Tax 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

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

Going Concern

DECEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Cheaters What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million

audit 109

audit Technology accounting and finance Legal 109

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 21, 2024

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. It works in several ways, for example: Machine Learning for Automated Classification: Machine learning algorithms can be trained on vast datasets of product information and tax codes.

Tax 52

Tax corporation tax Technology tax planning 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

APRIL 17, 2024

This comprehensive study explores the attitudes, perceptions, and usage of GenAI among professionals in the legal, tax & accounting, risk & fraud, and government sectors. The report highlights these contrasting perceptions, shedding light on the complex relationship between tax professionals and this emerging technology.

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Tax tax preparation tax return Technology 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

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.

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Tax Technology corporation tax auditor 90

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 bigger picture: Common and new corporate tax challenges.

Tax 52

Tax Technology corporation tax California 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.

E-commerce 52

E-commerce Technology Tax corporation tax 52

CPA Practice

JULY 10, 2023

The Illinois CPA Society’s (ICPAS) annual educational event for accounting and finance professionals aims to help attendees navigate the future and expand their possibilities. Beyond the keynotes, innovative learning tracks will cover the areas of accounting, auditing, corporate finance, ethics, personal development, tax, and technology.

accounting and finance 40

accounting and finance Finance Illinois CPA 40

ThomsonReuters

JULY 9, 2021

Nearly half of the corporate tax departments participating in a new survey say they are under-resourced — and the problem is more pronounced among companies in North America than in Europe. The report is based on a survey of 821 tax specialists. Technology and automation lead the strategic response for indirect tax teams.

Tax 52

Tax corporation tax Technology Sales 52

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. Thomson Reuters’ future-focused development focus has made a huge impact on Andersen Tax.

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Withum

OCTOBER 26, 2023

Withum celebrated NetSuite’s 25 th anniversary and was hands-on at breakout sessions relevant to the industries we serve, including but not limited to: technology , manufacturing , distribution , retail and e-commerce. NetSuite’s annual SuiteWorld conference brought together thousands of customers and partners in Las Vegas this month.

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NetSuite E-commerce Technology corporation tax 59

DuctTapeMarketing

JULY 14, 2018

Marketing Automation. In today’s digitally forward world, small business owners need to leverage available technology as much as they can. Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Prepare the books for tax season.

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bookkeeping accounting and finance accounting software bookkeeping services 238

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.

Finance 98

Finance Technology Tax accounting and finance 98

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.

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Tax corporation tax Technology tax return 59

PYMNTS

JULY 26, 2018

Accounts payable automation firm Tipalti announced a string of partnerships this week in deals that see the partner linking their own customers to Tipalti tools. Finally, Sovos is augmenting its corporate tax compliance software offering with Tipalti’s tools.

Technology 40

Technology AP Automation NetSuite Accounts Payable Automation 40

CPA Practice

JUNE 1, 2023

BEPS also requires that companies itemize their revenues by country, and as taxation bodies develop more sophisticated models that compare BEPS data with corporate tax return data, there may be an increase in investigations. Further, teams need to adapt to a shifting landscape of rules as the framework evolves over time.

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Tax corporation tax Technology accounting and finance 98

CPA Practice

AUGUST 22, 2023

The survey, the Future of Professionals Report , was commissioned by Thomson Reuters , a global content and technology company. AI has the power to relieve some of this burden by reducing the time it takes to get the accurate and contextualized information needed to solve a problem, reducing the risk of errors, and automating mundane tasks.

Legal 98

Legal Technology Tax tax return 98

ThomsonReuters

NOVEMBER 4, 2020

Why technology is critical for DAC6 compliance. These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. This framework aims to put an end to tax avoidance strategies and mismatches in tax rules to ensure multinational enterprises pay their fair share of tax.

Technology 52

Technology Non-Profits Tax tax planning 52

ThomsonReuters

MARCH 28, 2023

Governments everywhere suddenly want more data in ever-shrinking windows of time, so companies must adapt their systems and processes to meet these demanding new tax reporting obligations. What are the benefits of automation?

Tax 59

Tax Technology corporation tax Government 59

ThomsonReuters

JUNE 14, 2021

Thankfully, one of the newest uses of artificial intelligence in tax reporting addresses this pain point, eliminates manual data entry, and frees tax professionals to perform more valuable and rewarding analytical and strategic work. _. Tax & Tech Talks: How AI and Machine Learning Can Help With K-1s.

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Technology corporation tax Tax Real Estate 98

ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season.

income tax 52

income tax Tax corporation tax Technology 52

PYMNTS

AUGUST 17, 2018

Thomson Reuters is stepping into the world of mobile small business accounting with the launch of a new app, OnBalance Express. The tool allows users to log expenses through the use of optical character recognition (OCR) technology to automate entry of receipt data into businesses’ accounting systems.

Account 40

Account accountant accounted Expense Management 40

ThomsonReuters

DECEMBER 1, 2021

Corporate indirect tax professionals have been told for years that they can garner more influence and respect within their organizations by transitioning the indirect tax function from a purely compliance-oriented activity to a strategic advisory role. Recruitment/development of skilled talent, particularly in tech.

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Tax Technology Start-ups corporation tax 52