The digital transformation of tax, accounting, and financial management is no longer optional. This transformation is most visible in the adoption of electronic invoicing (e-invoicing), a critical shift reshaping the financial landscape of businesses worldwide. The rise of e-invoicing According to a recent study run in partnership with Accountancy Age, 134 organisations were surveyed, 83.8% of […] … Read More

The HMRC’s Making Tax Digital (MTD) mandate was designed to simplify and expedite tax reporting, with advantages, according to their gov.uk website that include:   Making it easier for individuals and businesses to get their taxes right Allowing businesses to integrate tax management with a range of business processes through software Contributing to wider productivity […] … Read More

The mounting stress experienced by tax professionals related to the tax provision process is a double-edged sword. It can cause anxiety, but may also present tremendous opportunities, according to panelists for the Thomson Reuters webinar: _____________________________________________________________________________________________ “From compliance necessity to strategic advantage: How can you master the tax provision process?” _____________________________________________________________________________________________ “The tax profession, overall, is facing […] … Read More

Auditors are facing increased pressure every day to deliver high-quality audits in a timely and cost-effective manner. But challenges are everywhere. The regulatory environment is in a state of constant flux, making it imperative for auditors to meet evolving standards. The sheer volume of data that requires meticulous examination grows exponentially, adding to the complexity […] … Read More

Section 174 Capitalisation of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. Pending legislation is complicating matters even further. Panelists from the Thomson Reuters webinar, Section 174: What We Now Know, discussed these challenges, and provided key insights to help tax […] … Read More

The geopolitical terrain is undergoing unforeseen changes, and certain prominent trends that had solidified in past decades are now experiencing a reversal. The regulatory and policy environment is both ramping up and diverging in critical areas. Multinational corporations and small businesses are facing significantly different challenges. And in a high-profile election year in many countries, […] … Read More