Gone are the days when the corporate tax director stands last in line to update the CFO. In a recent article on CFO.com, internal tax advisers shared how they are getting more exposure at C-suite-level doors on a regular basis. Why the sudden interest in tax? With increased regulation, a heavy state ...
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Data Management Podcast Series: Behind the Scenes of AstraZeneca’s Tax Department
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Risk Assessment, Tax Provision, US Income Tax Compliance, Year End 0 CommentPosted on May 15, 2012
How Saving 20 Hours During Their 7-Day Close is Getting the Tax Team More Exposure When the US tax department of AstraZeneca was under the microscope of new management, they knew that incorporating software into their tax processses would help to gain effiencies around data managment and reporting out globally. In our recent Data Management Podcast series, Linda ...
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RICHMOND TAX PROFESSIONALS SHARE BEST PRACTICES
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, Risk Assessment, Tax Provision, US Income Tax Compliance, WorkFlow Manager, Year End 0 CommentPosted on May 11, 2012
Last week, I joined 30 senior tax executives from major corporations in the Richmond, VA area, for a lively discussion on what’s on every tax executives mind lately….data management, process management and overall strategies on bringing more efficiencies to the tax department. The diverse group of attendees represented tax departments that had both implemented ...
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3 simple ways to think about data management for your provision
Audit Assistance, Best Practices, Compliance, Global Tax Compliance, ONESOURCE, Risk Assessment, Software, Tax Provision 1 CommentPosted on May 10, 2012
Collect, Utilize, Report… When 500+ tax professionals were asked about their top tax provision priorities for 2012, 48.5% said shortening the provision completion time. So how are companies looking to achieve this goal? Data Management. From conversations at our ONESOURCE User Conference and feedback from our “We’re Listening @ Thomson Reuters” campaign, ...
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Indian Finance Bill May Have Chilling Effect on Investment
Corporate Income Tax, Global Tax Compliance, Global Tax Planning, ONESOURCE, Tax Provision, Transfer Pricing, Uncertain Tax Positions, WorkFlow Manager 0 CommentPosted on May 8, 2012
With economic growth running at an annual pace of more than 8 percent, the attraction of investing in India is obvious. And, for many companies, investing is India is no longer optional. However, recently proposed legislation may force companies to reevaluate their investment posture. Governments around the world facing budgetary crises are tightening transfer ...
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Fun with International Tax Provision Issues
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 2 CommentsPosted on May 3, 2012
When I was young and naïve, I overheard a seasoned practitioner remark: “If tax provisions are fun…then dealing with the international pieces of the provision is the most fun you can have.” I’m now neither young nor naïve and I recognize the sarcasm in the remark. However, I do believe ...
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Is Minnesota Ready for Tax Reform?
Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 0 CommentPosted on May 1, 2012
This was the main topic of discussion amongst 400+ tax professionals at TEI's 29th Annual President's Seminar in Minneapolis last week. In his opening address, Myron Frans, Minnesota Commissioner of Revenue addressed the group on the state's complex tax policy and unique challenges, including demographic and economic changes impacting tax revenue. He emphasized that over ...
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LAST DAY TO VOTE FOR THE BEST YEAR-END STORY!
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 0 CommentPosted on April 30, 2012
Which client achieved the best results using ONESOURCE? For the past week, we've been asking your opinion on the best year-end success story. Don't miss your last chance to choose the winning story when you 'LIKE' your favorite video (log into your Google account) by 5:00 PM ET today. Watch these amazing stories ...
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Year-End Success Story #5: How One Company Shaved Off Their Close Time by 30%
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 2 CommentsPosted on April 27, 2012
When it comes to finishing your financial close, do you ever think, there must be a better way? Jason Hamil, Sr. Tax Accounting Mgr, A Global Logistics & Transportation Company reveals four tips for getting ahead during year-end. Hear his year-end success story! "Our biggest year-end challenges were being able to complete the ...
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Year-End Success Story #4: How SES Americom Inc. Added Consistency to the Year-End Process
Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 1 CommentPosted on April 26, 2012
"I would say that ONESOURCE has helped to add consistency to our year-end process." –Andrea Smith, Senior Tax Analyst, SES Americom Inc. Andrea Smith, Senior Tax Analyst, SES Americom, Inc. explains how her tax department initially had difficulty getting their provision done in a consolidated manner. After utilizing ONESOURCE, she was able to generate ...
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Year-End Success Story #3: How Intermec Sped Up Their Provision By 2 Weeks
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, US Income Tax Compliance, Year End 1 CommentPosted on April 25, 2012
Looking to free up time during your busiest season for more sleep, a vacation or to be with family more? Kim Gill, Sr. Tax Manager at Intermec shares how she's spending her free time now that her tax department is experiencing significant time savings on their provision. "Before we started using ONESOURCE Tax Provision, one of the biggest challenges ...
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Year-End Success Story #2: How to Produce Better Quality Reports For Year-End
Audit Assistance, Best Practices, Compliance, Forecasting, Global Tax Compliance, ONESOURCE, Risk Assessment, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 3 CommentsPosted on April 24, 2012
Does this scenario sound familiar? Not enough time, limited capacity amongst staff; but still tasked with improving the quality of financial information in a shorter amount of time? This is exactly what one global hospitality company's tax department faced when using spreadsheets to calculate their provision. Monique Smith explains why her her progressive tax department turned to ...
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Let the Voting Begin! Vote For Year End Success Stories This Week
Audit Assistance, Forecasting, Global Tax Compliance, ONESOURCE, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 5 CommentsPosted on April 23, 2012
After a month-long search, we've narrowed your success story entries to 5 top finalists! Watch to learn how different tax departments have overcome challenges and improved their compliance process. Each day this week, vote by clicking “Like” on your favorite year-end success story ! Today's featured story comes from The Cheesecake Factory: After being ...
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We’ve Uncovered 5 Ways to Simplify Your Data Management
Best Practices, Compliance, Corporate Income Tax, Global Tax Compliance, ONESOURCE, Tax Provision, Transfer Pricing, Uncertain Tax Positions, US Income Tax Compliance, WorkFlow Manager, Year End 0 CommentPosted on April 20, 2012
How much time could you save by streamlining your data management processes? I asked this question to more than 120 tax professionals this week during my co-sponsored webcast with the Association for Computers and Taxation (ACT): “5 Ways to Simplify Your Data Management Processes.” Responses ranged from saving between 1 week to up to 10,000 ...
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