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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.

Tax Lifecycle PROVISION & FINANCIAL STATEMENT AUDIT EXTENSIONS ESTIMATED TAX PAYMENTS TAX COMPLIANCE TAX AUTHORITY AUDITS & DEFENSE AMENDED TAX RETURNS TAX PLANNING & REPORTING BUDGETING & FORECASTING

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

IRS renews focus on targeting high-income nonfilers

IRS Commissioner Danny Werfel said Thursday that the effort will begin with compliance letters going out to high-income taxpayers in 125,000 cases where third-party information indicated federal tax returns have not been filed since 2017.

IRS announces delay for Form 1042 e-filing requirement

The Service said that U.S. withholding agents are administratively exempt from the requirement to e-file Forms 1042 during calendar year 2024, while foreign agents are exempt in calendar years 2024 and 2025.

FinCEN guide lists rules for some financial institutions’ access to BOI

The rules in the Small Entity Compliance Guide apply to access for some financial institutions and cover security and confidentiality, authorized use, administration of requests, and violations.

The clean-energy direct-pay election for not-for-profits and governmental entities

Under the Sec. 6417 direct-pay election, tax-exempt organizations, including not-for-profits and governmental agencies, can claim certain energy credits on their federal income tax returns, but to claim them for 2023, the direct-pay election must be made on a timely filed 2023 federal income tax return.

IRS to begin audits of personal, business use of corporate jets

IRS Commissioner Danny Werfel said Wednesday that the audits will focus on business vs. personal use of aircraft by large corporations, large partnerships, and high-income taxpayers.

IRS renews focus on targeting high-income nonfilers

IRS Commissioner Danny Werfel said Thursday that the effort will begin with compliance letters going out to high-income taxpayers in 125,000 cases where third-party information indicated federal tax returns have not been filed since 2017.

NPAG national pipeline surveys open for responses

The National Pipeline Advisory Group pipeline surveys, intended to shape profession-wide efforts to tackle the accounting talent shortage, went live on Thursday.

The key to reducing errors with AI: Technology acceptance

Emerging technology can help the finance function eliminate errors, but effective execution may hinge on companies cultivating a high level of acceptance among users.

IRS announces delay for Form 1042 e-filing requirement

The Service said that U.S. withholding agents are administratively exempt from the requirement to e-file Forms 1042 during calendar year 2024, while foreign agents are exempt in calendar years 2024 and 2025.

PCAOB reconsidering auditors’ role in noncompliance reporting

The regulator scheduled a virtual roundtable and reopened the comment period in response to concerns about proposed amendments to the auditor’s responsibility for considering a company’s noncompliance with laws and regulations (NOCLAR).

Over half of MNEs report increased TP scrutiny, survey reveals

Experts from TP tech provider Aibidia also warned ITR that companies ignoring pillar two is a ‘huge issue’ and a ‘red flag’

Pillar two has ‘crack in its foundation’, senior economist warns

Tax Foundation economist Alan Cole also signalled that pillar two has a 'considerable chance' of failing

Opinion: Why ‘no surprises’ is Labour’s message to business on tax

The Labour Party is working hard to convince business that it will bring stability to tax policy if it wins the next UK general election. But it will be impossible to avoid creating winners and losers

Kevin Burrowes to remain PwC Australia chief until 2026

Burrowes had initially been parachuted into the role last summer to navigate the fallout from the firm’s tax leaks scandal

‘Jumping on a speedboat’: Singapore partner on DLA’s ambitions

Barbara Voskamp is bullish on hiring local talent to boost DLA Piper’s Singapore practice, and argues that ‘big four’ accountants suffer from a stifled creativity

Webinar: Grasping global e-invoicing: strategies, scalability, and compliance

Join ITR and EY at 10am GMT (11am CET) on March 14 2024 to hear insights about how to negotiate the increasingly complex landscape of global e-invoicing and streamline compliance

Board members and VAT: CJEU rules on an always controversial topic

Fernando Matesanz of Spanish VAT Services explores the implications of an important decision on whether the remuneration of a member of a board of directors is subject to VAT

Portugal: One step closer to nil taxation on corporate funding?

Francisco Cabral Matos and Rita Pereira de Abreu of Vieira de Almeida say ECJ case law on the taxation of security in capital-raising operations could catalyse Portugal’s financial market and company financing

This week in tax: Baker Tilly records revenue uplift after 12% tax boost

The global accounting network reached overall revenues of $5.2 billion, while Simpson Thacher hired a tax disputes expert in London

A&M Tax boosts Australia presence with audacious 65-strong hire

The firm has continued its expansion efforts by raiding from the ‘big four’ once more

Over half of MNEs report increased TP scrutiny, survey reveals

Experts from TP tech provider Aibidia also warned ITR that companies ignoring pillar two is a ‘huge issue’ and a ‘red flag’

How to deal with the expected increase in Nigerian tax audits

As the Nigerian government aims to boost its tax revenue, Taofeek ’Bola Shittu of Ikeyi Shittu & Co. explains how to minimise the risk of additional tax liability resulting from non-compliance with transfer pricing regulations

Transfer pricing in Indonesia: an overdue revamp

Charles Setia Oetomo, Felic Setiawan, and Gomgom Johannsen Kevan of GNV Consulting provide a guide to Indonesia’s new transfer pricing regulation, what to expect, and how taxpayers may prepare for its application

New Indonesian TP rule introduces double taxation prevention tool

Tami Putri Pungkasan and Yurike Yuki of DDTC Consulting say an Indonesian transfer pricing update recognises the prevention of double taxation as a purpose and not merely as a means to prevent tax avoidance

Amount B report limits simplicity, US tax experts argue

Amount B is meant to increase simplicity and reduce uncertainty, but US TP specialists claim it may lead to controversy

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