BLOGS FROM OUR EXPERTS

For those who manually enter data and rely upon spreadsheets, the transition to comply with Making Tax Digital can seem like a daunting prospect. But it’s far easier than you might think to take those first steps towards automation and real-time reporting.

What are the implications of the MTD deferral period announced by HMRC? We consider what this means for those seeking to become compliant.

How will the Budget and Finance Bill affect you? Rob Ogilvie provides an overview.

Find out about the Carried Forward Loss Restriction (CFLR).

Andy Mills considers the areas where tax professionals now need to focus on as we move into the era of automation.

What next for MTD? Rob Ogilvie looks at the preparations being made by HMRC and regtech providers in the digital transformation of tax.

How could Brexit affect indirect, direct and customs and excise taxes? Jane Malkin looks at the repercussions.

Digital service taxation is an area long recognised as ripe for reform. EU leaders have been demanding an “effective and fair taxation” system to ensure a “global level playing field” since last year. 

Discover how Alphatax can assist you in meeting the compliance requirements of the Corporate Interest Restriction (CIR) legislation.

The burden of tax is placing the CFO under pressure to transform the tax function. Using the latest findings from our customer survey, we provide a snapshot of how businesses are responding to changes in tax legislation and chart the financial benefits experienced by those bringing tax in-house.

What are the key business challenges driving the adoption of automation? What kind of benefits can you expect from automating the tax process? We take a look at what automation can do for your business.

Automation isn’t just about technology, it’s about process too. Truly effective automation needs to provide an end-to-end process from data aggregation and analysis to meeting compliance requirements and reporting. But it should also seek to empower the tax professional. We take an in depth look at the process.

Are you getting the most out of AlphaTax? Did you know you can use the Snapshot feature to query data and create ‘what if’ scenarios? Or that it’s possible to create division-based reports before consolidating data into the company tax return? We walk you through some of the feature sets you may not be familiar with.

The landscape of tax compliance is evolving at a rapid pace. The volume and complexity of regulations together with the requirement for increased transparency are having a major impact on business. There are several ways in which these new business challenges can be addressed.

The Common Reporting Standard (CRS) is a universal tax standard that replaces the UK FATCA and CDOT. But how do requirements differ? What are the implications for the organisation operating in numerous jurisdictions? And what issues is it creating in how tax is processed? We provide a breakdown of the standard.