Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. This trend […] … Read More
According to the Thomson Reuters 2022 State of the Corporate Tax Department report, almost two-thirds of all corporate tax departments are either at, or near the beginning of their tax technology journey. As a result, understanding how to manage the transition to a more automated, technologically sophisticated department is a top priority for many tax […] … Read More
HMRC’s Making Tax Digital (MTD) is about more than just introducing new rules; it’s about the digital transformation of tax. This agenda is creating a new, digitalised tax environment beyond indirect tax that all businesses will need to navigate going forward. It presents many opportunities for management through a new line of sight across the […] … Read More
The final deadline to be ready for HMRC’s Making Tax Digital (MTD) for VAT is rapidly approaching in April 2021. Perhaps you are only looking to comply by updating processes and digitalising the transactions needed that add up to make your UK VAT returns. However, many companies are choosing to take a longer-term view and realise that this is […] … Read More
We’re almost half-way through 2020 and what a year it’s been so far. While many businesses have spent months and, in some cases, years trying to digitally transform their operations and practices, COVID-19 has acted as an accelerant like no other, forcing companies, willingly or not, into the 21st century. Business leaders and managers have […] … Read More
In a recent blog, we talked about how people and businesses are getting to grips with technology. As the adoption of cloud services increases exponentially and the barriers to remote working are removed, how do you keep productive and compliant? For those working across tax and finance departments being productive isn’t just about sharing and […] … Read More