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5 ways technology can strengthen a corporate tax team

ThomsonReuters

Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations.

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The top 5 AI terms corporate tax professionals need to know

ThomsonReuters

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

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How corporate trade and tax professionals can be smart about mapping and product classification

ThomsonReuters

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. Customs authorities may impose excessive fines and penalties for misclassifications, leading to unnecessary costs beyond inaccurate duty calculations. The stakes are high. The proposed H.R.

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Calculating the benefits of direct tax software

ThomsonReuters

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. How can direct tax software help tax reporting?

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Managing post-Brexit supply chain disruption

ThomsonReuters

And regardless of where a product originates, the TCA institutes new border protocols for customs declarations, duty calculations, excise tax, value-added tax (VAT), product certifications, and more, all of which require additional paperwork, adding extra costs and layers of administrative friction to the entire import/export process.

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5 indirect tax trends shaking up corporate landscapes

ThomsonReuters

In a new episode of the Tax & Tech Talks podcast series, experts from KPMG and Thomson Reuters discuss how companies are turning to automation and analytics software to stay ahead of changes buffeting indirect tax management. _. Greater government scrutiny: Aggressive indirect tax audits are expected as soon as this year.

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5 best practices for sales tax reporting and compliance with indirect tax regulations

ThomsonReuters

Indirect tax professionals play a critical role in the success of a business. As the pace of new tax compliance challenges accelerates , tax teams need constant access to accurate data that keeps up with changing sales tax reporting rules and complies with ever-evolving regulations.