Tax & Accounting Blog

Companies House Fraud Protection: Complete Guide for UK Businesses

Companies House Fraud Protection: Complete Guide for UK Businesses

Companies House fraud protection has become critical as fraudsters increasingly target UK businesses with sophisticated scams. With digital identity verification launching, cybercriminals are developing advanced methods to circumvent protective measures. This comprehensive guide provides essential fraud prevention strategies, helping you identify deceptive communications and implement robust compliance measures to protect your business integrity. Jump to […] … Read More

How tax leaders automate compliance in SAP S/4HANA

How tax leaders automate compliance in SAP S/4HANA

  Highlights:  Tax automation is essential for successful SAP S/4HANA transitions, helping to prevent errors and inefficiencies. Early adoption of tax automation, robust data governance, and native SAP integration are key factors for success. Thomson Reuters provides certified SAP-integrated tax solutions to automate compliance and deliver real-time insights.   Corporate tax teams face increasing pressure […] … Read More

AML supervision is changing. What UK accountancy firms must do now to avoid fines and reputational damage

AML supervision is changing. What UK accountancy firms must do now to avoid fines and reputational damage

Executive summary UK anti money laundering and counter terrorism financing oversight is being reshaped. HM Treasury has confirmed its decision to create a Single Professional Services Supervisor and to transfer supervision of accountancy, legal, and trust and company service providers to the Financial Conduct Authority, subject to legislation and a transition plan. The follow-on consultation […] … Read More

Thomson Reuters and SAP: Advanced ESG reporting tools for EU standards

Thomson Reuters and SAP: Advanced ESG reporting tools for EU standards

Thomson Reuters and SAP have partnered to deliver a powerful ESG reporting solution, now available in the SAP Store. By integrating ONESOURCE Statutory Reporting with SAP’s Sustainability Control Tower, the platform combines regulatory expertise with advanced ESG data management to help organisations meet European Sustainability Reporting Standards (ESRS).   Highlights:  Discover how the integration solution […] … Read More

The GenAI paradox: Why most tax departments aren’t using AI yet, and what early adopters are gaining

The GenAI paradox: Why most tax departments aren’t using AI yet, and what early adopters are gaining

Generative artificial intelligence (GenAI) has dominated business headlines for the past two years, promising to revolutionise everything from customer service to financial analysis. Yet when it comes to corporate tax departments, a striking gap exists between the hype and reality. According to the Thomson Reuters Institute’s 2025 State of the Corporate Tax Department report , two-thirds […] … Read More

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

Highlights Under-resourced corporate tax departments are 50% more likely to incur penalties due to a reactive workflow, which also leads to missed tax optimisation opportunities, compromised forecasting, and ironically, higher external support costs. To mitigate risk, tax leaders can use report data to build a business case for investment, prioritise technology for compliance and automation, […] … Read More