Tax & Accounting Blog

How tech tools can eliminate inefficiency and sharpen competitive edge

How tech tools can eliminate inefficiency and sharpen competitive edge

Jump to ↓   Cut out repetitive manual tasks Streamline accounts production and tax filings Minimise human error Communicate and collaborate with ease Add more value to tax and accounting clients Create business visibility What’s the solution to drive accounting efficiency? Today’s accountants and tax professionals are operating in a fast-moving and demanding environment. Compliance […] … Read More

Mastering the e-invoicing transition in tax, accounting, and financial management

Mastering the e-invoicing transition in tax, accounting, and financial management

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

How to master the tax provision process

How to master the tax provision process

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

What are countries doing to implement <span style=OECD’s BEPS Pillar 2.0?">

What are countries doing to implement OECD’s BEPS Pillar 2.0?

As the Organisation for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Pillar 2.0 aims to end the ‘race to the bottom’ on tax rates […] … Read More

How organisations can save on the growing costs and complexity of compliance

How organisations can save on the growing costs and complexity of compliance

As governments around the world require digitalised methods for e-invoicing and real-time monitoring and reporting of business transactions, multinational organisations face many complex and costly compliance challenges. In particular, mandates for e-invoicing and continuous transaction controls (CTC) are data-intensive initiatives that demand speed, accuracy, and transparency all at once. Complying with these mandates requires technology, […] … Read More

Measuring the ROI of ONESOURCE Statutory Reporting: 2023 Forrester Consulting Study

Measuring the ROI of ONESOURCE Statutory Reporting: 2023 Forrester Consulting Study

Statutory reporting processes can be painstaking to carry out manually. There is a diverse range of reporting requirements to consider and keep up with. When finance professionals handle these processes without the right elements of technology and automation, they take considerably longer to execute. To help provide finance professionals with a framework with which to […] … Read More