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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

We will dive into the key benefits of embedded tax solutions and offer insights for corporate tax professionals looking to use comprehensive tools to achieve exceptional compliance and operational excellence. Highlights: Tax management in large organizations is complex and needs precision.

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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. Stay tuned for further updates on these developments!

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Challenges and solutions for CTO indirect tax priorities

ThomsonReuters

Learn more by reading our white paper, 10 reasons why ONESOURCE should be in your indirect tax tech stack.

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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. global minimum tax regime.

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Artificial Intelligence is Revolutionizing Schedule K-1 (Form 1065)

ThomsonReuters

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.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

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.

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

“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.