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.