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