Tax & Accounting Blog

How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter. Highlights:  Exploring different approaches to e-invoicing and CTC compliance Technical and process challenges Considerations when selecting the […] … Read More

Managing the intersection of business automation and CTC compliance: A guide for indirect tax professionals

Managing the intersection of business automation and CTC compliance: A guide for indirect tax professionals

Highlights:  Continuous Transaction Controls (CTC) mandates Business automation and CTC compliance Consequences of non-compliance and future readiness In the ever-evolving landscape of global commerce, Continuous Transaction Controls (CTCs) have emerged as a pivotal element in ensuring compliance and enhancing business automation.  Kirsty Kerr, Director, Product Management, Thomson Reuters and Nazar Paradivskyy, Director Regulatory Affairs, Pagero, […] … Read More

E-invoicing basics for compliance professionals: Part 1

E-invoicing basics for compliance professionals: Part 1

Highlights: Tax authorities worldwide are shifting to a digital economy by implementing e-invoicing and Continuous Transaction Controls (CTCs) Understanding the differences between e-invoicing and CTCs Recognising the benefits and challenges of e-invoicing Requirements for setting up e-invoicing   A notable trend has emerged over the past few years as tax authorities worldwide embrace the shift […] … Read More

Mastering tariff series Part 1: Minimising the impact of tariffs with ONESOURCE Free Trade Agreements (FTAs)

Mastering tariff series Part 1: Minimising the impact of tariffs with ONESOURCE Free Trade Agreements (FTAs)

This blog is the first in a series of four examining product solutions that can help specialists and strategists master tariff compliance. President Donald Trump’s sporadic levying of tariffs is creating huge uncertainty for companies that do business in or with the United States. The inability to know how things will progress makes it extremely […] … Read More

Thomson Reuters ONESOURCE: A tax technology solution for the modern IT professional

Thomson Reuters ONESOURCE: A tax technology solution for the modern IT professional

In today’s digitally-driven world, businesses across all sectors undergo significant technological transformations. These changes, often involving transitions to cloud-based systems, are reshaping how core business functions operate, including taxation.  For example, reduced IT maintenance can save businesses an average of $297k.  IT professionals are essential to driving successful digital transformation across the indirect tax department. […] … Read More

Why Thomson Reuters is the best choice for corporate tax professionals

Why Thomson Reuters is the best choice for corporate tax professionals

In today’s rapidly evolving business landscape, companies of all sizes are upgrading their technological infrastructure to improve productivity and remain competitive. 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 organisation. Consequently, tax leaders […] … Read More