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Use AI to stay abreast of changing tax regulations and legislation

ThomsonReuters

The accounting profession is no exception. In fact, a growing number of accounting firms and corporations are taking a closer look at AI and how it can help them keep pace with tax law changes and ensure tax regulatory compliance. This makes staying on top of tax law changes easier and faster.

Tax 52
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Thomson Reuters Adds Generative AI to SurePrep

CPA Practice

New features and enhancements in SurePrep TaxCaddy, Cloud Audit Suite, and ONESOURCE support the automation of tax workflows, driving efficiency and saving time for professionals in firms and corporate tax departments. ONESOURCE E-Invoicing is now generally available to customers globally.

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Profit extraction for corporate owner managers

Menzies

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds.

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Calculating the benefits of direct tax software

ThomsonReuters

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
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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. keep to the game plan Once the audit has started, this planned approach should be followed. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability.

audit 52
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HOW DO YOU TRADE NFTs SAFELY?

Menzies

Menzies LLP - A leading chartered accountancy firm. Although there is currently no tax regulation regarding NFTs from HMRC, it is vital to remember that all profits generated from trading NFTs must be declared for tax purposes. NFTs take various forms such as artwork, video game items, or even concert tickets.