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.

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Start-ups Compliance Technology Finance 64

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.

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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.

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ThomsonReuters

APRIL 12, 2021

Companies are accelerating efforts to outsource back-office tasks to improve operational efficiency, LeCompte said, and routine indirect tax compliance activities may be a candidate. “It More outsourcing: Companies are outsourcing routine tasks and shifting focus to strategic indirect tax activities.

Compliance 98

Compliance Technology Start-ups Treasury 98

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.

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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.

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Start-ups Compliance Technology 52