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Exploring key 2024 tax bill proposals

ThomsonReuters

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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Keeping Pace With Corporate Income Tax Filing Season

ThomsonReuters

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.

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How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

ThomsonReuters

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.

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Does your company have a multistate sales tax obligation?

ThomsonReuters

Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. So how do you determine if you have a sales tax obligation in multiple states? How can Thomson Reuters ONESOURCE help you manage complex sales tax obligations in multiple states?

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Tax Authorities Set an Aggressive Schedule for Global Minimum Tax

ThomsonReuters

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). Countries would have to write new laws, adopt new tax treaty language, and repeal some policies that conflict with the new rules.”.

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How to make the business case for technology implementation

ThomsonReuters

Watch our free on-demand webinar, Building a business case for indirect tax automation. The overall cost of integrating ONESOURCE Indirect Tax into Composite Co. For a more in-depth look at Forrester’s independent research on the costs and benefits of ONESOURCE Indirect Tax’s tax automation platform , download the full study.