ThomsonReuters

MAY 22, 2024

To ensure accurate tax determination, retailers must navigate a complex labyrinth of tax calculations across a vast array of products and jurisdictions, all while trying to keep up with ever-evolving regulations and high-speed transaction volumes. Tax is a critical part of this conversation.

Compliance 52

Compliance Start-ups Technology 52

ThomsonReuters

APRIL 5, 2024

To ensure accurate interim tax reporting and compliance with ASC 740, companies should have a robust system of internal controls in place, including procedures for identifying and correcting errors and staying up-to-date with the latest tax regulations. All of these challenges can potentially lead to material errors.

Start-ups 68

Start-ups Compliance Technology Finance 68

ThomsonReuters

APRIL 6, 2021

Taking on a consultant role to help businesses through this evolution presents your firm with an opportunity to replace vanishing revenue from declining tax compliance work. If every business needs extra help at the end of the year, the stress can be immense, and your firm can end up with its own compressed workload problems.

Start-ups 64

Start-ups Compliance Technology Finance 64

Audit Board

AUGUST 3, 2022

Before we start celebrating what some have seen as softer-than-expected plans for audit reform, we need to be clear about what’s really coming and start preparing now. My 20+ years in audit and risk are bookended by US corporate reform at the start of the century and similar UK measures pending more than two decades later.

Start-ups 52

Start-ups Compliance Dividends Technology 52

ThomsonReuters

FEBRUARY 23, 2024

So, considering the stakes involved, making a company’s sales tax operations and compliance functions audit-ready should be a top priority. Download our free whitepaper on managing sales and use tax audits. A properly supported automated tax solution also ensures that up-to-date tax rates and rules are being applied.

Start-ups 52

Start-ups Technology Compliance 52

ThomsonReuters

AUGUST 29, 2023

It starts with understanding the challenges and embracing the solutions to work smarter. If your firm is like most, your staff spends a good portion of the day formatting financial statements, entering trial balance data, and cleaning up spreadsheets. Security and compliance. Let’s take a look. A single source of truth.

Start-ups 52

Start-ups Technology Accounting Firms Compliance 52

ThomsonReuters

MARCH 19, 2024

Government contractor bids in that jurisdiction, for example, or other areas beyond tax where perfect compliance is a must-have qualification for doing business? Though in truth, Bobby says, tax teams should start preparing the company’s defense as soon as they are informed of the audit.

Start-ups 52

Start-ups Compliance Technology 52