ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. Boost tax workflow efficiency through automation Empower and engage staff Wow clients with enhanced services 1.

Tax 97

Tax Technology accounting firms income tax 97

ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. We already have Excel and tax provision software, so why can’t we use that?

Tax 88

Tax Technology income tax audit 88

TaxConnex

DECEMBER 8, 2020

Voluntary disclosure agreements (VDAs) can be an effective way to mitigate prior period sales tax exposure. If you don’t disclose back taxes and they’re unearthed through an audit, you could end up being assessed various penalties plus interest plus all tax due. Myth: It’s just a way for a state tax authority to find me.

audit 130

audit Maine Tax Sales 130

ThomsonReuters

APRIL 2, 2024

While the exact details of the investigation remain undisclosed, the IRS’s involvement suggests potential tax evasion and money laundering charges. In the case of the investigation into Shohei Ohtani’s former interpreter, the IRS’s involvement suggests that there may be evidence of tax evasion or money laundering.

Gambling 105

Gambling Sports Legal Tax 105

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

CPA Practice

JULY 6, 2023

Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. And I think that the whole audit space is going to be complete almost unrecognizable five years from now.

Technology 98

Technology Government audit quickbooks 98

ThomsonReuters

FEBRUARY 5, 2024

Unleashing the power of tax automation One of the most promising solutions today is the growing opportunities for tax automation. The benefits of embracing tax automation include: Enhanced efficiency. The post Unleash the power of tax automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Technology 40

Technology Tax cpa firm audit 40

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. Thanks to advancements in technology — such as cloud-based solutions, teleconferencing, data-sharing platforms, and drones with cameras — remote audits are possible as long as the right tools and policies are in place. .

audit 52

audit auditor Technology Account 52

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

Technology 52

Technology audit general ledger Start-ups 52

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. based CFO Consultants, in a blog post. based CFO Consultants, in a blog post.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Turning tax clients into full-service clients.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

JANUARY 29, 2024

This is where technology, particularly tax automation, plays a pivotal role. The role of tax automation Automation is a strategic asset in recruitment and retention. Automated tax processes standardize workflows, reduce manual errors, and significantly reduce the time spent on repetitive tasks.

Technology 52

Technology accounting degree tax preparation cpa firm 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. Indirect taxes: Much more than just a process.

E-commerce 52

E-commerce Technology Tax corporation tax 52

ThomsonReuters

FEBRUARY 27, 2024

Upon graduating, she worked at Deloitte for four years, mostly in tax, which included a six-month rotation in auditing. Her goal was to focus on strategic tax planning and compliance for small business owners, as well as providing a workplace where women could have the work-life balance she lacked at other accounting firms.

cpa firm 52

cpa firm accounting firms accounting careers CPA 52

ThomsonReuters

MARCH 8, 2024

Over the past decade, the Partner Summit has given hundreds of tax professionals a unique opportunity to learn how to build a more progressive firm. Unless you make a real shift in the way that you’re doing things, you’re only building on your own pain as you continue to grow your tax practice.

cpa firm 96

cpa firm CPA Technology Tax 96

CPA Practice

APRIL 26, 2023

The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities facing Pennsylvania accounting firms and the industry more broadly.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. In other words, don’t tell your CEO why tax software is a wise investment – show them.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. As a result, projects are completed more efficiently, and clients experience faster turnaround times for their accounting and tax needs.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

OCTOBER 31, 2023

While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. One of the primary concerns centers on how AI will affect accounting jobs and the career outlook for tax professionals. Can AI do accounting?

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 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

JUNE 16, 2023

Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

JULY 11, 2023

Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes. Adjusting to a shrinking accounting talent pool Accounting and audit firms, including the SEC, find talent pipelines shrinking on both sides. According to Revelio Labs Inc.,

Technology 73

Technology Account accountant accounted 73

Anders CPA

MAY 31, 2022

Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2: Download our Next-Generation FP&A White Paper. Each department has its own spreadsheet and software. 2: Expectations Don’t Meet Reality.

accounting and finance 96

accounting and finance cpas Finance accounting software 96

ThomsonReuters

MARCH 13, 2023

” Weinstein continued, “The capital provided through PE investors also can greatly enhance the quality and capacity of core businesses (tax and audit) on which firms such as ours were founded.

Technology 59

Technology accounting firms Tax audit 59

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

audit 52

audit Sales Tax auditor 52

ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? Contesting the audit means going through a complex decision tree, the steps of which are detailed below.

audit 52

audit Sales Tax auditor 52

ThomsonReuters

JANUARY 16, 2024

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

audit 64

audit auditor Technology Construction 64

CPA Practice

OCTOBER 6, 2023

Mark Edmondson from inflow, wrote a great white paper on the audit technology ecosystem, and even if you don’t do audits, I want you to go download it, okay? So, so there it’s a different world today.

Technology 52

Technology Account accountant accounted 52

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

DECEMBER 31, 0001

As part of the transition to an all-digital economy, tax authorities around the world are implementing various forms of e-invoicing and/or continuous transaction controls (CTCs) to gain more control over—and insight into—business transactions, both within their borders and cross-border. Why e-invoicing?

Technology 52

Technology Government Tax corporation tax 52