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

Exploring the evolving landscape of e-invoicing in Europe: Takeaways for tax professionals

Exploring the evolving landscape of e-invoicing in Europe: Takeaways for tax professionals

The European e-invoicing market is on the brink of a major transformation, driven by mandatory e-invoicing and e-reporting regulations emerging across the EU. This shift, spurred by the need to improve VAT revenue collection and fueled by initiatives like the EU’s VAT in the Digital Age (ViDA), presents both challenges and opportunities for businesses.  This […] … Read More