On 13th July 2017, accountants welcomed the deferral of Making Tax Digital (MTD). So surely this means you can think about the extra workload for another year or two? In short, the answer is simply no. As Tax Product Manager for Thomson Reuters, I explain why in our latest on-demand webinar. I stress that MTD […] … Read More

On 13 July 2017, the Treasury confirmed delays to the Making Tax Digital (MTD) timetable. The new timeline shows that only businesses with a turnover above the VAT threshold (£85,000) will need to keep digital records and will come under MTD in 2019, with other businesses coming under MTD in 2020. … Read More

With over 7 million Google search results alone for Making Tax Digital, how can accountants cut through the noise and separate fact from fiction? Our resident MTD expert Mark Purdue dispels the top three myths… … Read More

In the first part of this three-part series, we summarised the impact shared service centers can have for statutory reporting. In this post, we specify four ingredients that work together to deliver value. When it comes to handling statutory financial reporting efficiently, the finance operations of multinational firms tend to look for four essential ingredients: […] … Read More

The world of tax automation can be a tricky place for customers rolling out a tax solution. That situation can be made even more challenging when that solution is global in nature. Here are some helpful tips to consider when embarking on the implementation journey: 1. Understand your business landscape. The first step to effectively […] … Read More

Complying with sales and use tax law is cumbersome, hard to understand and could lead to the overpayment or underpayment of tax. Proper planning of an integrated tax solution often takes a back seat to other IT priorities. From tax rates in a constant state of flux to understanding cryptic law that identifies products as […] … Read More