ThomsonReuters

JUNE 14, 2021

For more articles to help you transform your tax department, read our latest blog posts: K-1 Aggregation and International Filing Requirements white paper. AI-Enhance Processes and Decision-Making Are Revolutionizing Corporate Tax Departments. How Tech Can Help You Navigate the New Tax Rules and Tax Trends.

Technology

ThomsonReuters

MAY 27, 2025

Thomson Reuters ONESOURCE is a state-of-the-art tax platform that provides everything corporate tax departments and IT personnel need to manage indirect and direct tax calculations, reporting, and compliance. What is Thomson Reuters ONESOURCE?

Tax

ThomsonReuters

JULY 25, 2023

The earlier tax is involved in the discussion the better, however, because buy-in from the top is key. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – are crucial, especially if the new ERP is going to enable enterprise-wide data-sharing.

Technology

ThomsonReuters

OCTOBER 24, 2023

“One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. 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.

Technology

ThomsonReuters

OCTOBER 17, 2024

← Blog home In an era where corporate sustainability is not just a buzzword but a business imperative, new reporting directives from the European Union (EU) pose significant challenges for companies aiming to maintain robust Environmental, Social, and Governance (ESG) compliance.

Technology

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Webinar: Building the modern tax department of the future: Embracing technology to drive your business. White paper: The Future of Tax Departments.

E-commerce

ThomsonReuters

MARCH 28, 2023

For example, a multinational corporation (MNC) that operates in thirty countries must keep track of all the regulatory changes in each jurisdiction in which it operates, as well as different data formats, filing requirements, and deadlines.

Tax

ThomsonReuters

NOVEMBER 12, 2021

E-filing is becoming mandatory for the filing of taxes in many countries, as well as for many of the documentation filings that are required by BEPS. Consider updating your tax technology to gain control and transparency by taking advantage of automated data management and easy access to relevant tax content.

tax planning

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. Where is your indirect tax team in the journey to becoming more technologically sophisticated? Tax automation is more than just a trend.

Technology

ThomsonReuters

FEBRUARY 24, 2023

K-1s are sometimes confused with Form 1099s, which are tax information documents for individuals who are not employees, like sole proprietors and freelancers. K-1s, however, are quite different and can come with some complexities for tax and accounting firms. from the partnership for the tax year. What is Schedule K-1?

Non-Profits

ThomsonReuters

AUGUST 5, 2022

Forrester also built in an additional 5% risk adjustment to account for potential differences in cost, raising the total estimated implementation cost to $873,600. During the implementation phase, licensing for ONESOURCE Indirect Tax costs nothing, because licensing costs only kick in once the product is up and running.

Technology

ThomsonReuters

DECEMBER 13, 2021

And some feel it’s pointless to consider a new tax engine before ironing out other data issues with their enterprise resource planning (ERP) system. Read the 2021 indirect tax report for insights on how global tax leaders have successfully transformed their corporate tax teams into strategic advisors.

Technology

ThomsonReuters

JANUARY 2, 0002

In this three-part series, we will explain what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporate tax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.

Technology

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. Stay tuned for further updates on these developments!

Tax

ThomsonReuters

MAY 14, 2025

Highlights: Corporate tax faces mounting pressure from complex regulations, digitalization, data volume, and talent shortages. Transforming tax data management through centralization and automation is crucial for compliance, accuracy, and agility. The corporate tax landscape is evolving at an unprecedented pace.

Tax