ThomsonReuters

APRIL 17, 2024

The report offers a deep dive into the transformative impact of GenAI on professional services, and below is a brief summary of how tax professionals specifically perceive this technology and its potential applications on their workflows. 69% of tax professionals specifically pointed to tax return preparation as a task for GenAI.

Tax 98

Tax tax preparation tax return Technology 98

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

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. Consulting Business. Marketing Strategy Plan. Content Marketing. Customer Journey. Mobile Marketing. Email Marketing. Paid Search. Social Media. Website Design. Advertising. Small Business Finances.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

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

Shay CPA

MARCH 22, 2023

How does this impact your tech startup? Technology Companies performing research and development (engineers, software engineers, etc.) will no longer be able to deduct 100% of their expenses starting in 2022 and for future year tax years. Any taxes due must be paid by April 18th, 2023, however. Okay, what’s next?

tax return 52

tax return payroll tax payroll Tax 52

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.

Tax 98

Tax corporation tax Technology 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. And so, we think about how accurate is the information on a tax return or a report that is ultimately filed with the taxing authority.

Tax 59

Tax corporation tax Technology tax return 59

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

MAY 12, 2022

The process also involves a review of sales tax payable against the sales tax the company actually paid. A sales tax audit often occurs when a state tax agency suspects a business of understating its reported sales or when the sales tax return filed with the state doesn’t match what was reported to the Internal Revenue Service (IRS).

audit 105

audit Sales Tax auditor 105

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

Going Concern

JULY 21, 2023

KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot [ Bloomberg Tax ] Inside KPMG, its tax professionals are leaning on generative artificial intelligence to help corporate tax departments prepare for new requirements to disclose their tax obligations by country. What % of these threads are real?

audit 98

audit Tax Manufacturing Government 98

ThomsonReuters

APRIL 12, 2021

You must access and share up-to-date regulatory information in every jurisdiction where your organization operates while automating critical tax preparation processes. If you’re still using manual processes and disconnected tools, it is time to update your tax technology. Tax technology does all of this and more.

Technology 86

Technology Tax income tax corporation tax 86

Menzies

NOVEMBER 27, 2023

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. This is crucial for maximising your tax savings, contingent upon each company’s unique circumstances.

Technology 59

Technology Tax chartered accountant Maine 59

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

ThomsonReuters

DECEMBER 13, 2021

If the business sells goods in any state — even if there is no physical presence in that state and the transaction is conducted entirely online — the company may still be obligated to register, collect sales tax, and file a sales tax return in that state if the economic nexus threshold is exceeded.

Tax 52

Tax Sales Technology South Dakota 52

ThomsonReuters

APRIL 20, 2023

As governments around the world require digitalized methods for E-invoicing and real-time monitoring and reporting of business transactions, global multinational corporations (MNCs) need technologies that can help them manage data-intensive processes that demand speed, accuracy, and transparency all at once.

Technology 59

Technology Tax audit Government 59

ThomsonReuters

APRIL 13, 2023

GMT also touches on a variety of tax rules (book tax, cash tax, cross border and local country rules) for which data may be disparate and in different formats (e.g. GMT is a good example of the tremendous challenge reform can present for international tax planning. spreadsheets, email, ERP systems).

Tax 59

Tax Technology Government tax return 59

ThomsonReuters

FEBRUARY 8, 2024

LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns. This is how LLCs avoid double taxation (i.e.,

Tax 52

Tax income tax payroll tax Healthcare 52

ThomsonReuters

MARCH 2, 2021

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

Tax 52

Tax corporation tax Technology audit 52

Going Concern

APRIL 14, 2023

But auditing experts and critics are questioning whether Ernst & Young and KPMG, in particular, are focused enough on their core responsibilities of vetting the books of their corporate clients and protecting investors. IT is the key to making the experience of interacting with the IRS more tolerable—or at least slightly less miserable.

Tax 104

Tax auditor audit accounting firms 104