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We will dive into the key benefits of embedded tax solutions and offer insights for corporatetax professionals looking to use comprehensive tools to achieve exceptional compliance and operational excellence. Highlights: Tax management in large organizations is complex and needs precision.
Solutions like ONESOURCE provide essential tools to streamline data management, ensure compliance, and help you manage your indirect tax priorities. Learn more by reading our whitepaper, 10 reasons why ONESOURCE should be in your indirect tax tech stack.
Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporatetax rate would be increased by a penalty determined by the legislation. Stay tuned for further updates on these developments!
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.
For more articles to help you transform your tax department, read our latest blog posts: K-1 Aggregation and International Filing Requirements whitepaper. AI-Enhance Processes and Decision-Making Are Revolutionizing CorporateTax Departments. How Tech Can Help You Navigate the New Tax Rules and Tax Trends.
Browse our related resources to help you evaluate the benefits that indirect tax technology will provide you and your organization: Whitepaper: Forrester Consulting study regarding the evaluation ROI on sales tax automation Blog: Calculating the benefits of indirect tax software: Making the business case Blog: How to make the business case for technology (..)
Corporatetax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. 10 questions to ask your tax team. Webinar: Building the modern tax department of the future: Embracing technology to drive your business.
For example, a multinational corporation (MNC) that operates in thirty countries must keep track of all the regulatory changes in each jurisdiction in which it operates, as well as different data formats, filing requirements, and deadlines.
Moreover, CFOs must collaborate closely with key stakeholders, including the board of directors, to ensure that sustainability goals are set, met, and effectively communicated.
According to the “2023 State of the CorporateTax Department” report by Thomson Reuters Institute, it is unsurprising that the primary objectives of corporatetax departments for the upcoming year, as indicated by 70% of respondents, revolve around enhancing operational efficiency. The time to act is now.
E-filing is becoming mandatory for the filing of taxes in many countries, as well as for many of the documentation filings that are required by BEPS. Consider updating your tax technology to gain control and transparency by taking advantage of automated data management and easy access to relevant tax content.
Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Where is your indirect tax team in the journey to becoming more technologically sophisticated? Tax automation is more than just a trend.
K-1s are tax forms that are used for business partnerships to report to the IRS a partner ’s income, losses, capital gain, dividends, etc., from the partnership for the tax year. With the K-1, a partner’s earnings can be taxed at an individual tax rate versus the corporatetax rate.
And some feel it’s pointless to consider a new tax engine before ironing out other data issues with their enterprise resource planning (ERP) system. Read the 2021 indirect tax report for insights on how global tax leaders have successfully transformed their corporatetax teams into strategic advisors.
For a more in-depth look at Forrester’s independent research on the costs and benefits of ONESOURCE Indirect Tax’stax automation platform , download the full study. Keep reading for more resources on how to calculate ROI in your tax technology business case: Webinar: Building a business case for indirect tax automation.
In this three-part series, we will explain what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporatetax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.
For IT teams, the benefits of automating indirect tax compliance include reducing manual workloads, integrating seamlessly with existing systems, and enhancing data security. Whitepaper Gain a deeper understanding of the imperative of indirect tax compliance for IT and how to prioritize indirect taxes in your organization.
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