In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and […] … Read More

In the ever-evolving tax and accounting landscape, staying ahead of the curve is not just a goal—it’s a necessity. With regulatory changes, technological advancements, and increasing client demands, the pressure on tax and accounting professionals has never been greater. To thrive in this dynamic environment, it’s crucial to leverage tools that streamline your processes, enhance […] … Read More

In response to the growing demand for transparency and accountability in environmental, social, and governance (ESG) practices, the European Commission has established a new regulatory framework through the Corporate Sustainability Reporting Directive (CSRD). This directive mandates that companies annually report their ESG data, for financial years starting on or after 1 January 2024. To meet […] … Read More

The indirect tax landscape is undergoing a profound transformation, driven by the relentless pursuit of efficiency, accuracy, and strategic advantage. A recent Thomson Reuters webinar underscored the critical role of technology and automation in reshaping the indirect tax department. This blog looks at the key challenges faced by tax professionals and explores the emerging technological […] … Read More

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. Insight on how indirect tax departments intend to use technology to transform their operations can be found in a recent study conducted by the Thomson Reuters Institute. Accepting […] … Read More

At its most basic level, a VAT —or value-added tax — is a type of consumption tax charged on items that people buy. Known also as an indirect tax because businesses collect it for the UK government. Businesses must register for VAT if their VAT-taxable turnover is more than £85,000. They can also choose to […] … Read More