Tax & Accounting Blog

How tax leaders automate compliance in SAP S/4HANA

How tax leaders automate compliance in SAP S/4HANA

  Highlights:  Tax automation is essential for successful SAP S/4HANA transitions, helping to prevent errors and inefficiencies. Early adoption of tax automation, robust data governance, and native SAP integration are key factors for success. Thomson Reuters provides certified SAP-integrated tax solutions to automate compliance and deliver real-time insights.   Corporate tax teams face increasing pressure […] … Read More

The GenAI paradox: Why most tax departments aren’t using AI yet, and what early adopters are gaining

The GenAI paradox: Why most tax departments aren’t using AI yet, and what early adopters are gaining

Generative artificial intelligence (GenAI) has dominated business headlines for the past two years, promising to revolutionise everything from customer service to financial analysis. Yet when it comes to corporate tax departments, a striking gap exists between the hype and reality. According to the Thomson Reuters Institute’s 2025 State of the Corporate Tax Department report , two-thirds […] … Read More

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

Highlights Under-resourced corporate tax departments are 50% more likely to incur penalties due to a reactive workflow, which also leads to missed tax optimisation opportunities, compromised forecasting, and ironically, higher external support costs. To mitigate risk, tax leaders can use report data to build a business case for investment, prioritise technology for compliance and automation, […] … Read More

Building confidence in ESG data: The role of assurance processes

Building confidence in ESG data: The role of assurance processes

Highlights:    ESG assurance builds trust by verifying data accuracy, helping to prevent greenwashing and misinformation. Limited versus reasonable assurance offers flexibility, but more thorough audits will soon be required under the CSRD. ESG audits ensure data readiness, identify gaps, and help companies meet evolving global reporting standards.   As performance metrics for environmental, social, […] … Read More

Indirect tax transformation: Navigating change, embracing technology

Indirect tax transformation: Navigating change, embracing technology

Global indirect tax challenges Indirect tax professionals in multinational corporations know one thing for certain: change is constant, and the demands on tax teams are growing. Over the past two years, tax professionals have faced persistent challenges—regulatory pressures, technology shifts, and resource constraints—while charting a bold course toward innovation and resilience. 2024 and 2025 survey […] … Read More

How Adobe and Cisco prove the case for indirect tax technology

How Adobe and Cisco prove the case for indirect tax technology

Overcoming indirect tax compliance challenges with ONESOURCE delivers competitive advantage for FTSE and global technology leaders The technology sector is celebrated for constant innovation, yet many large tech businesses in the UK and across Europe remain constrained by outdated systems, mounting technology debt, and the rapid evolution of indirect tax regulations. As organisations expand globally […] … Read More