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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

Data is king in today’s fast-paced world of finance and tax. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. This data is often coming from a variety of sources, which can make it difficult to reconcile.

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Divestitures & Carve-Outs: Top 4 Real-World Truths

M&A Leadership Council

These transactions require strategic treatment due to their complexity, scope, governance, transition time, and business risk for both buyer and seller. Following are four important real-world truths about divestitures. 1. And a divestiture is a strategic business transaction that is anything but business as usual.

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How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

ThomsonReuters

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

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Sell a Business Fast

Sun Acquisitions

If you came to this article it’s likely you are looking to sell your business fast. But what is the timeline for a fast business sale? 54% of brokers say it takes anywhere from 6 to 11 months for a business to sell. The United States Small Business Administration puts the timeline at 24 months (2 years).

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Top accounting issues in 2023

ThomsonReuters

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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Indirect tax automation: Practical tips for companies beginning a tax transformation journey

ThomsonReuters

According to the 2021 State of the Corporate Tax Department report by Thomson Reuters Institute only one-quarter of the companies surveyed already have robust indirect tax automation tools and practices in place, while others are just beginning their tax digitalization journey. The 3 levels of indirect tax automation.

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E-invoicing basics for compliance professionals

ThomsonReuters

As part of the transition to an all-digital economy, tax authorities around the world are implementing various forms of e-invoicing and/or continuous transaction controls (CTCs) to gain more control over—and insight into—business transactions, both within their borders and cross-border.