Tax & Accounting Blog

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

Keep pace with digital tax compliance for big data and fast reporting

Keep pace with digital tax compliance for big data and fast reporting

Save time and resources in the ever-changing world of indirect tax reporting For large companies operating in a digitalised global economy, indirect tax compliance has evolved from an arduous manual task to a largely hands-off process performed by sophisticated tax technologies that execute most tax functions—data gathering, computation, reconciliation, invoicing, reporting, filing, etc.—automatically and in […] … 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

How to keep up with the regional complexities of e-invoicing and CTCs: Part 3

How to keep up with the regional complexities of e-invoicing and CTCs: Part 3

In the first two installments of our blog series on e-invoicing and Continuous Transaction Controls (CTC), we discussed the basics of e-invoicing and how it affects tax teams and compliance efforts. In this article, the third and last of the series, we will explore some of the regional complexities and challenges that companies may encounter […] … Read More