ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. We already have Excel and tax provision software, so why can’t we use that?

Technology 88

Technology 88

M&A Leadership Council

FEBRUARY 21, 2024

Every TSA should address the following IT concerns: Software licenses: Some vendors object to allowing their use—referred to as the Right to Use (RTU) by the sold business during the TSA. William Blandford is the Managing Director of Blandford Associates, aimed at practical IT M&A due diligence and integration.

Mergers & Acquisitions 59

Mergers & Acquisitions 59

Appraisers Blog

OCTOBER 18, 2023

I mean, how many times before appraisers get wise to these companies basically having created an entire industry which thrives upon predatory practices? Half of the CU tech was proprietary assimilation gained from amc acquisitions and mergers, if I recall that old obscure research point correctly. The person not in the room.

Appraisal 61

Appraisal Comps 61

ThomsonReuters

JULY 8, 2021

Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance. Subscribe to Tax & Tech Talks podcast on Spotify , Libsynpro , and Apple Podcast apps. _. This topic is explored in a new episode of the Tax & Tech Talks podcast titled How to Achieve Global Statutory Financial Compliance.

Technology 98

Technology Finance Compliance Corporate Finance 98

Reynolds Holding

MARCH 14, 2024

Data mergers typically involve large conglomerates – often but not usually big-tech firms – that acquire companies rich in data primarily to gain access to their data. Second, analyze the data aspects and purposes in high-tech companies’ mergers, whether these mergers are vertical or horizontal within a corporate family.

Marketability 119

Marketability 119

Startup Valuation Blog

AUGUST 10, 2023

In this article, we'll delve into the best practices for implementing equity incentives to motivate and reward your team while ensuring the long-term health of your startup. FAQs About Equity Incentives Are equity incentives only suitable for tech startups? Try Equitest, the leading business valuation software, for free !

Equity 100

Equity Business Valuation Compliance Start-ups 100

Startup Valuation Blog

AUGUST 10, 2023

In this article, we'll delve into the best practices for implementing equity incentives to motivate and reward your team while ensuring the long-term health of your startup. FAQs About Equity Incentives Are equity incentives only suitable for tech startups? Try Equitest, the leading business valuation software, for free !

Equity 100

Equity Business Valuation Compliance Start-ups 100

ThomsonReuters

MARCH 16, 2023

Information systems audit: This type of audit involves a review of the controls over software development, data processing, and access to computer systems. What are the main types of audit software? The audit software that is available today enables junior and senior staff to work together with smarter, faster, and greater confidence.

Technology 59

Technology Compliance 59

Reynolds Holding

AUGUST 17, 2022

First, the CFPB issued an interpretive rule explaining the CFPB’s view that many digital marketing providers may be “service providers” subject to the CFPB’s supervisory authority under the Consumer Financial Protection Act (“CFPA”), including its authority to address unfair, deceptive, or abusive acts or practices (“UDAAP”).

Finance 45

Finance Marketability Technology Banking 45

ThomsonReuters

OCTOBER 1, 2021

A new episode of Thomson Reuters Tax & Tech Talks podcast shares tips and best practices for streamlining operations and navigating this unprecedented tax season. Tax & Tech Talks: A Closer Look at Corporate Income Tax Solution for a Successful Filling Season. The impact of e-filing. Watch the entire episode. Technology.

Technology 52

Technology Compliance 52

ThomsonReuters

SEPTEMBER 19, 2023

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines. Scary, right?

Technology 52

Technology Start-ups Compliance Data Analysis 52

ThomsonReuters

DECEMBER 14, 2022

A large part of any tax-engine implementation is integrating the tax-engine software with the company’s ERP system so that together they constitute a smooth-running technological ecosystem. Choice of software is imperative, however. How to integrate with other technologies. What is the best way to manage new processes?

Technology 59

Technology Start-ups Data Analysis Finance 59

Sun Acquisitions

FEBRUARY 26, 2024

This approach can quickly extend service offerings and position the merged entity as a comprehensive provider capable of catering to a more extensive customer base.Strategic acquisitions enable sharing best practices, leading to improved operational efficiencies and cost reductions.

Enterprise Value 52

Enterprise Value Technology Marketability 52

IT Valuations

OCTOBER 18, 2023

There’s still demand for tech owners who want to sell and exit their firms, but many buyers are somewhat concerned about the economic outlook, with increasing interest rates and accelerating inflation the major worries. Private equity interest in buying tech firms hasn’t waned much.

Marketability 40

Marketability Private Equity Firm Debt Financing Equity 40

Benzinga

SEPTEMBER 15, 2022

The company brings advanced engineering capabilities and best-in-class agile software development practices to Global 2000 clients across Media, Financial Services, CPG, Telecom, and Technology. Full story available on Benzinga.com.

Technology 40

Technology 40

Lighter Capital

FEBRUARY 18, 2023

Accounting software isn’t typically designed to do proper cost accounting for SaaS companies – many programs are still tailored to traditional manufacturing companies (think raw materials, shipping charges, etc.) Scenario 2 – Company B Company B’s gross margin, according to their accounting software, is 100%, which is, of course, impossible.

B2B 52

B2B Start-ups Accounting Firms Technology 52

ThomsonReuters

JANUARY 18, 2024

Types of accountants and niche practice areas There are, of course, various types of accountant jobs and areas of specialty. For example, an accountant should be involved in determining the most appropriate tax accounting and financial reporting software for the company ’ s use. Practice Development Coaching Program.

Technology 59

Technology Compliance Finance Marketability 59

M&A Leadership Council

APRIL 4, 2023

Software licenses are the perfect example. If software licenses are included in the assets being sold, the TSA should outline the license transfer process, especially who pays the costs of acquiring consent from the software vendor, and who pays for licenses that cannot be transferred and must be purchased.

52

52

ThomsonReuters

DECEMBER 13, 2021

How to successfully make the business case for an indirect tax tech investment. In general, tax directors who have successfully made the business case for investing in indirect tax tech suggest following these key steps: Pro-actively identify “the problem”: Don’t wait until something actually goes wrong. Test every possible scenario.

Technology 52

Technology Compliance Finance 52

ThomsonReuters

OCTOBER 4, 2023

The Thomson Reuters ChatGPT and Generative AI survey conducted between May 3-15, 2023, found that 73% of 771 tax professionals acknowledge the tech can be used for tax, accounting, and audit work, yet only about half think that it should be. This saves time and reduces the risk of manual errors for firms.

Accounting Firms 111

Accounting Firms Technology Compliance Data Analysis 111

Brian DeChesare

NOVEMBER 1, 2023

Pharmacies are closer to retail companies; nursing facilities are like REITs or real estate; small physicians’ practices are like consulting firms; and HCIT companies could be more like software or IT services firms. So, you are taking a risk if you join a group that focuses on roll-ups of doctors’ practices, pharmacies, or hospitals.

Equity 59

Equity Private Equity Firm Start-ups Banking 59

ThomsonReuters

JANUARY 31, 2022

Offerman, Jones, and Virginia Thompson, senior product manager for Thomson Reuters trade management solutions, recently discussed the implications of the HS 2022 changes during an episode of the Tax & Tech Talks Trade Edition podcast. Thompson noted that this is only half the battle for global trade teams.

Compliance 98

Compliance Technology Marketability 98

ThomsonReuters

JUNE 29, 2023

Providing good customer service is essential to growing your tax and accounting practice but, as many professionals have come to realize, dealing with difficult clients can be hard. Managing tax clients isn ’ t always easy. Some tax clients may be too demanding, disrespectful to staff, or fail to adhere to firm policies and procedures.

Accounting Firms 97

Accounting Firms 97

ThomsonReuters

JANUARY 12, 2023

Accountants who specialize in internal audits are company employees who examine issues related to the company’s financial and business practices. A growing practice area is ESG audit. Accounting and auditing software and guidance for accountants and CPA firms.

Technology 59

Technology Compliance Start-ups Accounting Firms 59

Sun Acquisitions

JANUARY 26, 2024

Moreover, such strategic acquisitions enable sharing of best practices, leading to enhanced operational efficiencies and reduced costs, further strengthening market position. Acquiring companies with advanced technologies, such as high-tech machinery, or sophisticated project management software, can provide a competitive edge.

Marketability 52

Marketability Enterprise Value Technology Banking 52

ThomsonReuters

FEBRUARY 16, 2024

Corporate tax and finance teams, however, can strengthen their working relationships by collaborating on four key challenges: Talent : Re-skilling staffers to become more tech-knowledgeable. The increased transparency mandates also puts pressure on companies to ensure their tax practices align with their ESG commitments.

Technology 96

Technology Compliance Start-ups Finance 96

Equilest

AUGUST 21, 2023

Industry Norms and Practices Different industries have varying norms regarding non-compete agreements. Case Studies: Real-world Examples Tech Start-up Scenario In the tech industry, where innovation drives growth, non-compete agreements can significantly impact valuation.

Business Valuation 40

Business Valuation Start-ups Compliance Marketability 40

Lighter Capital

SEPTEMBER 28, 2023

When “growth at any cost” was the name of the game in tech, founders could breeze by without calculating and comparing their startup’s EBITDA margin. The average EBITDA margin of more than 300 software (systems and applications) companies in the U.S at the start of 2023 was 29%.

EBITDA 52

EBITDA Finance Start-ups Marketability 52

Brian DeChesare

SEPTEMBER 20, 2023

You can also link this back to tech or healthcare companies you’ve advised or earlier-stage businesses where your work made a difference. A: You’re most interested in tech or life science startups, and PE funds and hedge funds do not work with these companies in the same way, as they don’t directly fund their development activities.

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

ThomsonReuters

JUNE 16, 2023

Hard skills Hard skills, which tend to be technical abilities, are those skills that accountants formally learn and fine-tune and master through practical application. In today’s tech-driven environment, it comes as no surprise that up-to-date technology expertise is of utmost importance when it comes to hard skills.

Data Analysis 98

Data Analysis Technology Accounting Firms Firm Value 98

Audit Board

MARCH 24, 2022

Today’s top challenges facing risk management range from COVID-related impacts to maintaining cybersecurity best practices, plus the continued importance of developing processes that help your business identify the risks they know about — and uncover the ones they don’t. Here are the top challenges to look for: 1: ESG Risks.

Start-ups 75

Start-ups Compliance Technology 75

ThomsonReuters

JANUARY 12, 2023

While ESG audits are not consistently practiced within and across jurisdictions, various audit standards are being used on engagements. Implement audit software and guidance. The post Understanding ESG audits: Checklist and best practices appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Learn more.

Compliance 52

Compliance Technology Accounting Firms Equity 52

Lighter Capital

MARCH 4, 2023

For many startups, especially in tech, these metrics form your “ unit economics ” and essentially dictate if you’re ready to step on the gas and scale with additional capital. In our hypothetical SaaS company, this probably includes at least server and storage costs, customer success, any third party software used to deliver its own software.

Start-ups 52

Start-ups Marketability Finance 52

Equidam

AUGUST 11, 2022

In practice. All this theory generally converges into some tried and tested startup practices. 3 years should be enough for an agile software startup to show it’s initial cash flow traction and if they have the correct model to make an initial profit and cash flow. Most startups converge on 3 years.

Start-ups 86

Start-ups Banking Marketability 86

ThomsonReuters

JULY 8, 2021

Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . The wrong tech vendor can be disastrous, so answer these important questions before making your selection. . How are the vendor’s communication practices?

Technology 52

Technology Accounting Firms Start-ups Marketability 52

Audit Board

AUGUST 16, 2023

Many approaches to risk management focus on risk reduction, but it’s important to remember that risk management practices can also be applied to opportunities, assisting the organization with determining if that possibility is right for it. What Different Types of Risks Are There?

Start-ups 52

Start-ups Compliance Technology Specific Risk 52

ThomsonReuters

NOVEMBER 16, 2023

Instead, e-invoicing/CTC frameworks allow governments to collect business transaction data as it is happening, through a direct, automated connection with the company’s business software or data-management system. The result is governments having tax-relevant business data many times sooner than the business’s own tax function.

Compliance 59

Compliance Technology Finance Marketability 59