ThomsonReuters

JANUARY 31, 2025

Jump to The benefits of an ERP system AI-enhanced ERPs ERPs and digital transformation ONESOURCE Indirect Tax Maximize the impact of digital transformation with integrated tax technology. The transition to an ERP system can, and arguably should, spark a dramatic transformation in how a tax department operates and what it can achieve.

corporation tax 52

corporation tax Tax Technology tax planning 52

Going Concern

SEPTEMBER 14, 2023

This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. This, naturally, is increasing risk in the form of penalties and audits.

corporation tax 116

corporation tax Technology Tax audit 116

Accounting Today

AUGUST 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

corporation tax 118

corporation tax Tax audit accounting firms 118

ThomsonReuters

JANUARY 6, 2025

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. This is where embedded tax solutions come into play. Highlights: Tax management in large organizations is complex and needs precision.

Tax 52

Tax corporation tax audit Legal 52

ThomsonReuters

FEBRUARY 16, 2024

Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

FEBRUARY 10, 2025

These digital transformations typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organization. ONESOURCE Indirect tax and Oracle cloud Simplified processes. But where do you start?

corporation tax 52

corporation tax Tax Technology audit 52

ThomsonReuters

FEBRUARY 22, 2024

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

corporation tax 93

corporation tax Tax Technology audit 93

DuctTapeMarketing

JULY 14, 2018

 Services Online Audit. Prepare the books for tax season. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises. Services Online Audit. Strategy First. Website Review.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

ThomsonReuters

NOVEMBER 29, 2023

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties.

audit 98

audit Technology Tax corporation tax 98

SMBAccountant

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

tax accountant 130

tax accountant Tax accounted Account 130

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

audit 105

audit Sales Tax auditor 105

CPA Practice

JUNE 6, 2024

A new academic study found that companies increase their tax risk profile—thus more tax aggression and a higher likelihood of tax fraud—when they believe IRS scrutiny will be lower due to budget cuts. That’s over and above any correlation to historical audit data.” “In

Tax 116

Tax forensic accounting audit corporation tax 116

Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

business tax 143

business tax tax accountant audit Tax 143

ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. For global companies, the stakes are high: non-compliance can result in substantial financial penalties, increased audit risk, and reputational damage.

Tax 52

Tax Technology audit income tax 52

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA?

Tax 130

Tax payroll tax payroll tax return 130

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax vs. VAT overview.

Sales 119

Sales South Dakota Tax corporation tax 119

Accounting Today

OCTOBER 12, 2023

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

corporation tax 95

corporation tax Tax audit 95

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. Wilde’s team analyzed more than 94,000 tax returns of U.S. The study found….

business tax 98

business tax Tax North Carolina tax preparation 98

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

ThomsonReuters

DECEMBER 13, 2024

In todays fast-moving global business landscape, the complexities faced by corporate tax and trade departments continue to multiply. For tax teams in equally unpredictable markets, keeping up with the latest deadlines, regulatory changes, and new compliance processes remains a constant challenge. Getting it wrong is costly.

corporation tax 52

corporation tax Tax Technology audit 52

MyIRSRelief

JULY 17, 2023

Tax planning is a vital aspect of financial management, both for individuals and businesses. It involves a proactive approach to legally reduce tax liabilities by optimizing financial decisions throughout the year. Section 1: The Importance of Tax Planning 1.1. Section 2: Tax Planning for Individuals 2.1.

tax planning 130

tax planning Tax income tax accounting and finance 130

Going Concern

DECEMBER 15, 2023

As reported by Canadian Accountant, PwC Canada has already paid Canadian and US audit regulators more than one million dollars in fines, after disclosing widespread sharing of answers by its accountants on internal training tests. Market studies would help drive improvements in the audit market, the FRC said.

audit 111

audit Technology accounting and finance accounting firms 111

ThomsonReuters

MAY 15, 2024

These disruptions have a significant impact not just on logistics and delivery times, but also on corporate tax implications. Understanding the interplay between these factors is crucial for tax and trade professionals across multinational corporations. What are the tax implications of disrupted trade flows?

corporation tax 59

corporation tax Tax accounting and finance Manufacturing 59

TaxConnex

DECEMBER 1, 2022

There’s always something changing in the world of tax, especially sales tax. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee. Back to court.

Sales 130

Sales Tax Alaska Louisiana 130

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Entertainment accounted 130

ThomsonReuters

NOVEMBER 8, 2024

Unfortunately, as regulatory scrutiny increases, data demands multiply, and the consequences of non-compliance become more serious and costly, those responsible for ensuring ESG compliance (primarily ESG compliance teams, CFOs, tax and finance professionals) are being overwhelmed with ESG-related busywork.

Technology 118

Technology accounting and finance Government Finance 118

ThomsonReuters

FEBRUARY 19, 2025

Blog home As a Chief Technology Officer (CTO) of a multi-national corporation, we understand the complications you face in the ever-changing world of indirect tax. This helps professionals manage indirect tax priorities more effectively and ensures data accuracy and compliance.

Technology 52

Technology Tax audit Legal 52

ThomsonReuters

JULY 6, 2023

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. What are the benefits of tax provision software? How can tax provision APIs streamline calculations?

Tax 92

Tax general ledger corporation tax audit 92

CTP

NOVEMBER 15, 2023

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

tax planning 111

tax planning Tax tax preparation tax return 111

ThomsonReuters

MARCH 6, 2024

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. AI is adept at supporting both.

Tax 88

Tax corporation tax Technology auditor 88

ThomsonReuters

JULY 10, 2024

It’s back to business fundamentals for many tax and accounting firms as 2024 shapes up to be a year of re-assessment and re-building, according to the Thomson Reuters Institute 2024 State of Tax Professionals Report.

Tax 98

Tax Technology accounting firms accounts payable 98

CPA Practice

JUNE 1, 2023

Before early 2024, tax teams must learn how to balance the additional requirements of the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two will impose new data reporting requirements and additional global tax compliance challenges for multinational business with turnover greater than 750M EUR. By David Woodworth.

Tax 98

Tax corporation tax Technology accounting and finance 98

xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. What Does a Tax Consultant Do?

tax consultant 103

tax consultant Tax tax return accounting and finance 103

CPA Practice

AUGUST 21, 2023

A new survey shows the most urgent workflow challenges faced by tax professionals at large U.S. corporations may be alleviated by the optimization of workpapers processes and tools. The survey was commissioned by Bloomberg Tax and Arizent.

corporation tax 52

corporation tax Tax tax accountant audit 52

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? This is your weekly reminder that Accountingfly has loads of accounting talent ready to get to work for you.

CPA 105

CPA auditor Tax accounting and finance 105

Accounting Today

FEBRUARY 21, 2024

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

audit 130

audit corporation tax Tax 130

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. Are you really doing everything you can to reduce your tax burden? How are S corporations taxed? When are S corps taxes due?

corporation tax 52

corporation tax Tax tax return income tax 52