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Don’t wait—start preparing for your next sales tax audit now

ThomsonReuters

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?

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

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.

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

ThomsonReuters

Additionally, these solutions generate tax reports with a single click, providing real-time insights into tax liabilities and obligations. Accuracy is paramount in tax management to avoid costly penalties and audits. This transparency enables better control over tax processes and supports more informed decision-making.

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The Technology Lab Podcast – Review of Audit Technology Trends – July 2023

CPA Practice

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.

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Transforming together: The importance of building a strategic partnership between IT and indirect tax

ThomsonReuters

Tax’s contribution to the planning conversation is important because tax is one of the heaviest users of data in a large organization. And, unlike more siloed areas of a business, tax must pull the data it needs from departments across the organization.

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How to attract private equity investment to your firm

ThomsonReuters

” 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.

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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

This means leveraging client collaboration tools that facilitate data collection and integrate with your tax software to automate 1040 preparation. UltraTax CS automates your individual and business tax preparation workflow with powerful, time-saving tools that optimize productivity and increase profitability.