Tax & Accounting Blog

How digitisation affects VAT compliance

How digitisation affects VAT compliance

The ongoing changing landscape of indirect tax processes and reporting obligations has seen the digitisation of tax authorities around the world gather pace. However, that brings, a corresponding impact on tax functions, giving them little time to adapt to this change. From a compliance point of view, there are challenges as multinationals try to address […] … Read More

8 ways small and mid-sized accounting firms can increase profitability

8 ways small and mid-sized accounting firms can increase profitability

Increasing profitability is a fundamental part of growing and maintaining a business. For small and mid-sized tax and accounting firms, there are plenty of ways to do so. Whether you want to increase overall sales and revenue, decrease expenses, or a bit of both, 8 strategies to increase profitability are explored below. 1. Create a […] … Read More

How myths about the cloud are hurting your firm

How myths about the cloud are hurting your firm

We’ve all heard the myths about cloud tax and accounting solutions, including the intimidating theories that the cloud is not secure, expensive, complicated, or not up to compliance standards. Plus, as accountants, we tend to get comfortable with the on-premise, perhaps outdated software we’ve already implemented. However, the state of the tax and accounting industry […] … Read More

Top 20 FAQs about the EU VAT One-Stop Shop

Top 20 FAQs about the EU VAT One-Stop Shop

The European Commission’s latest value-added tax (VAT) regulations for online sellers and marketplaces amount to countless pages of legislation, which could take a good deal of time to review, digest, and implement. If your e-commerce business-to-consumer (B2C) organisation is still trying to keep pace with the July 2021 changes, we have compiled a list of […] … Read More