Perspective
Beyond Regulatory Compliance: Five Key Questions Tax Analytics Can Help Companies Answer
Corporate tax departments manage and process large volumes of data, but that data typically is leveraged only in core compliance processes—generating tax filings and returns and accounting for transaction taxes, income taxes, and transfer pricing. But limiting the use of all that data to the compliance function is a missed… Read more »
In 2020, New Tech Should Empower Tax Professionals, Not Replace Them
For many tax executives and finance professionals, 2019 has been the year that several emerging trends could no longer be denied. Yes, machine learning and artificial intelligence are automating many basic accounting functions. Yes, businesses worldwide are streamlining their workflows and integrating cloud-based services. And yes, customers and companies are… Read more »
A Survival Guide for In-House Accountants
In-house accountants are understandably anxious about being caught in the crosshairs of technological change. After all, better software and improved machine learning are automating many basic accounting functions, and stricter managerial scrutiny has put many in-house teams in the unenviable position of having to defend the accuracy, efficiency, and value… Read more »
Global Compliance: Get on the Wave or Get Stuck at Sea While Sharks Circle
Pick the Right Wave to Ride to Shore Some people call it transformation, others disruption. Change is coming in the broader world and in business. The world and business environments are less certain as economies slow. Businesses need to streamline and sharpen their focus to survive. Tasks are either taken… Read more »
States Jump on Economic Nexus Bandwagon, But Questions Remain
On June 21, 2018, the Supreme Court issued its decision in South Dakota v. Wayfair, overturning the longstanding physical presence requirement for sales and use tax nexus. Now, under Wayfair, a state can require a company to collect and remit sales or use tax on the basis of the company’s… Read more »
The New Normal for International Tax: Finding the Right Tools to Answer the TCJA’s Biggest Challenges
The Tax Cuts and Jobs Act (TCJA) has dramatically changed how U.S. multinational corporations are taxed, forcing tax professionals to learn an entirely new rule set for offshore taxation. New provisions such as the tax on global intangible low-taxed income (GILTI), the base erosion and anti-abuse tax (BEAT), and the… Read more »
Should Companies Plan Into Subpart F Following the TCJA?
Following the enactment of the U.S. Tax Cuts and Jobs Act (TCJA), U.S. multinational companies (MNCs) now face a new anti-deferral provision in the form of global intangible low-taxed income (GILTI). GILTI is an additional category of income, which is taxed on a current basis to U.S. shareholders of controlled… Read more »
States Adopt Varying Approaches to Federal Tax Reform
It has been an exciting year in the state and local tax world, with tax authorities and legislators racing to interpret and respond to federal tax reform.1 Businesses facing looming filing deadlines spent the first part of the year making sense of their reporting requirements for the 2017 tax year.… Read more »
Digital Economy Forces Global Tax Authorities to Adapt
Tax jurisdictions around the world are feeling the pressure to update their rules to keep pace with the disruptions brought about by the digitization of the economy. Defining where value is created has become much more complex than when most countries’ corporate tax rules were written. Traditional corporate tax rules… Read more »
Tax Reform Is in the Books
Another interim reporting period is rounding the corner, which means it is time to update the feature story in many of today’s Notes to the Financial Statements—the income tax footnote and the effects of the Tax Cuts and Jobs Act (TCJA). Believe it or not, the Financial Accounting Standards Board’s… Read more »
Jump-Starting Tax Automation, With Practical Tips to Sustain Momentum Tax functions have pursued automation and efficiency for a long…
Planning for People Within Your Technology Road Map A road map lays out the path to get from…
ESG Tax Transparency In years gone by, business looked primarily to increasing shareholder…
TEI Roundtable No. 36: The Total Transformation of the Tax Function Clearly, the corporate tax function has been transforming dramatically in…
ADP’s Tax and Technology Director Talks Tax Credits, Tools, and Technologies In this issue’s Tax Tech Corner, senior editor Michael Levin-Epstein…
Emerging Leader: Jennifer Bowers When Jennifer Bowers was in eighth grade, her math teacher…