Transforming Tax Technology
Our Tax Technology Solutions
Cloud based technology designed to drive greater tax function effectiveness and efficiency
Legal Entity Management
A dynamic solution that manages vital company data, documents and organizational relationships.
State Apportionment
A powerful solution to streamline state and city apportionment data and calculations.
Income Tax Provision
A comprehensive income tax accounting solution designed for accuracy and simplicity.
Tax Technology BEYOND the Spreadsheet
Integrated Tax Lifecycle
The Tax Lifecycle is a continuous progression generally started with an enterprise’s annual income tax provision and continuing through the planning and forecasting phases. The process is tied to various regulatory deadlines and must be adhered to.
PROVISION & FINANCIAL STATEMENT AUDIT
At the close of every year and quarter, companies recognize income tax expense or benefit in accordance with FASB Accounting Standards Codification 740, Income Taxes (ASC 740). ASC 740 prescribes the methodology for the recognition, measurement and disclosure of income taxes.
EXTENSIONS
Due to the time constraints endured during the compressed tax accounting close, enterprises generally extend their tax compliance obligations to afford additional time to file income tax returns.
TAX COMPLIANCE
Companies prepare and file their annual income tax returns following a set of jurisdiction-based complex rules and regulations which are subject to ongoing change.
BUDGETING & FORECASTING
Due to the generally large cash outlays required during the tax year, tax obligations should be forecasted to ensure coordination with overall business operations.
TAX AUTHORITY AUDITS & DEFENSE
Tax returns are subject to the scrutiny of the various taxing jurisdictions in which a company operates or may be deemed operating.
TAX PLANNING & REPORTING
As one of the largest expenses on a company’s income statement, income tax planning is necessary to ensure obligations are met without sacrificing tax efficiency.
ESTIMATED TAX PAYMENTS
Companies need to comply with various federal, state, local and country specific rules and regulations to remit estimated tax payments periodically throughout the tax year.
AMENDED TAX RETURNS
Due to a multitude of factors, companies may be required to amend previously filed tax returns that may increase or decrease the amount of tax previously reported.
Latest News
BOI penalties increase while reporting rules remain on hold
The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.
FinCEN hints at BOI reporting changes in court filing
If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in its filing in a Texas case.
IRS delays resignation offer for critical tax season workers
IRS employees received an email Wednesday advising them that workers in “critical filing season positions” must work until mid-May.
Report: Undergraduate enrollment in accounting on the rise
The fall semester saw a 12% increase in accounting enrollment from the previous year to the highest figure observed by the National Student Clearinghouse Research Center in four years.
Former NFL player making an impact as a CPA
Richie Brockel, whose football career included involvement in a pair of unforgettable trick plays, shares his thoughts on the Super Bowl and discusses the superpower that having a CPA license has afforded him post-football.
Most EU companies to be exempt from CBAM
The plan, outlined by EU tax commissioner Wopke Hoekstra, would reportedly free 180,000 of the 200,000 in-scope businesses from additional compliance
This week in tax: EY to relocate to new Birmingham UK office
The move to a new ‘high spec’ hub is slated for 2026; in other news, India reassesses its pillar two participation following the US’s withdrawal
US withdraws from UN global tax treaty negotiations
It is understood that the US has vowed to oppose any outcome from talks taking place at the UN
RSM records double-digit tax revenue boost as turnover hits $10bn
It’s the second year in a row that RSM’s tax business has posted fee income growth above 10%
India: Reassuring guidance on tax treaty entitlement for cross-border transactions
Recent guidance from the Indian tax authorities should provide confidence for investors, says Sanjay Sanghvi of Khaitan & Co
Local experts thrash out views on Brazil’s indirect tax overhaul
The enacted legislation, which introduces a suite of new indirect taxes, was ‘highly awaited’ but presents major concerns, advisers tell ITR
This month in indirect tax: Abramovich hit with VAT evasion allegations
India’s budget changes goods and services tax rules; UK private school VAT challenge fast-tracked
‘No benefits for taxpayers’: Advisers debate External Revenue Service
One expert argues the ERS would be unlikely to improve taxpayers’ experience unless it comes with additional funding to hire more agents and staff
Brazil approves first regulation of consumption tax reform
Gabriel Caldiron Rezende of Machado Associados highlights the main aspects of the recently approved consumption tax reform regulation
Is the secondment of staff subject to VAT in Portugal?
Vítor Loureiro e Silva and Francisco Lencastre Torres of Vieira de Almeida & Associados discuss the mismatch between the Portuguese Tax and Customs Authority’s understanding and the jurisprudence regarding VAT and the secondment of staff
‘A useful starting point’: Australian advisers debate ATO TP guidance
Recent ATO guidance on how companies can demonstrate arm’s-length funding highlights how it is ‘one of the most transparent tax authorities in the world’, one adviser tells ITR
India Budget 2025: ‘Block TP Assessment’ to ease compliance burdens
The proposed Block TP Assessment could provide taxpayers with long-term arm’s-length price certainty and reduce admin headaches, Sanjay Sanghvi of Khaitan & Co writes
Transfer pricing trends for 2025: looking back to look ahead
From pillar two and amount B to Apple’s headline EU Commission dispute, Martin Bonner and Yiwen Ping of Kreston Global argue that 2024’s key TP developments will inform 2025
Deloitte – Central Europe and Spain tax controversy interview
Interview with Dr Alexander Linn, partner, business tax
HMRC registers ‘significant’ £1.8bn TP yield for 2023/24
Despite a three-year-high in tax revenues generated from settling TP cases, HMRC reported a sharp fall in resolved MAP disputes