article thumbnail

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!

Tax 110
article thumbnail

Embracing technology to simplify ESG compliance

ThomsonReuters

Moreover, CFOs must collaborate closely with key stakeholders, including the board of directors, to ensure that sustainability goals are set, met, and effectively communicated.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

ThomsonReuters

For IT teams, the benefits of automating indirect tax compliance include reducing manual workloads, integrating seamlessly with existing systems, and enhancing data security. White paper Gain a deeper understanding of the imperative of indirect tax compliance for IT and how to prioritize indirect taxes in your organization.

Tax 52
article thumbnail

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

ThomsonReuters

According to the “2023 State of the Corporate Tax Department” report by Thomson Reuters Institute, it is unsurprising that the primary objectives of corporate tax departments for the upcoming year, as indicated by 70% of respondents, revolve around enhancing operational efficiency. The time to act is now.

article thumbnail

E-invoicing and tax compliance in an increasingly complex, ever-changing world

ThomsonReuters

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.

Tax 59
article thumbnail

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.

article thumbnail

New report highlights key indirect tax challenges regarding compliance, technology, and e-commerce

ThomsonReuters

Corporate tax 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.