The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable […] … 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

Over the past decade, major advances in accounting information technology have opened up opportunities for accountants to turn their focus from time-consuming, manual tasks to data analysis, tax strategy, and predictive insights. This profound shift has created a pathway to improving operational efficiency, seamlessly achieving compliance, and fostering more meaningful relationships with clients. Today’s accountants must […] … Read More

Without insights into how long projects take to complete, how do you know where your biggest profits are generated? Here’s an analogy for you… Imagine having four pockets with money in (I know, increasingly unlikely in a cashless society, but for the sake of this analogy, bear with me). One of the pockets has a […] … Read More

We are living in a time of great change, and there is plenty of speculation about what the future of accountancy might look like.  One of the things that we can be sure about is the importance that technology is going to have in the transformation of accountancy practices. To stay ahead of the competition, […] … Read More

We all use social media, smart phones and internet banking on a daily basis. Once revolutionary, app and cloud technology has now crept into our everyday lives to become the norm. This global transition is driven by our need for interconnectivity and mobility. Behind the scenes, networks of data gathering sensors and machine-to-machine communication are […] … Read More