Tax & Accounting Blog

How tech tools can eliminate inefficiency and sharpen competitive edge

How tech tools can eliminate inefficiency and sharpen competitive edge

Jump to ↓   Cut out repetitive manual tasks Streamline accounts production and tax filings Minimise human error Communicate and collaborate with ease Add more value to tax and accounting clients Create business visibility What’s the solution to drive accounting efficiency? Today’s accountants and tax professionals are operating in a fast-moving and demanding environment. Compliance […] … Read More

Maximising tax department efficiency: The case for higher technology budgets

Maximising tax department efficiency: The case for higher technology budgets

Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. The 2024 State of the Corporate Tax Department report by Thomson Reuters Institute highlights these pressing issues, making a compelling argument for increasing technology budgets to unlock new levels […] … Read More

How statutory reporting solutions can better protect your business

How statutory reporting solutions can better protect your business

With over 150 years of trusted content knowledge and our expert understanding of global trade, compliance, and regulatory requirements, Thomson Reuters understands that maintaining an impeccable corporate governance record in today’s complex environment can be extremely challenging. And that getting it wrong can be very costly.  The rapid increase in accessible data across disparate and […] … Read More

Global Trade Report highlights: Implications for UK global trade specialists

Global Trade Report highlights: Implications for UK global trade specialists

As international trade continues to evolve, the complexities of supply chain management have become more challenging than ever. With shifting geopolitical dynamics, regulatory changes, and technological advancements, global trade specialists are tasked with staying informed and agile to manage the intricate web of international commerce. The 2024 Global Trade Report sheds light on these multifaceted […] … Read More

The real cost of poor statutory reporting processes

The real cost of poor statutory reporting processes

A recent report, by SSON Research & Analytics, commissioned by Thomson Reuters, found that while only 11% of those surveyed listed ‘cost’ as a concern, over half (53%) confirm that their businesses prioritise minimizing errors in their record-to-report processes. This emphasis on reliable, up-to-date data underscores the critical importance of accurate statutory reporting for corporate […] … Read More

Digital transformation: Why you must evolve to meet CTC mandates

Digital transformation: Why you must evolve to meet CTC mandates

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. In many jurisdictions, you must now ensure that your assessment is correct at the moment of the transaction, if not before. There’s no time to review it and […] … Read More