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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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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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 #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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Data Management Podcast Series: How Bayer Reduced Their Compliance Process By 50%
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 0 CommentPosted on April 10, 2012
Want to reduce manual data manipulation? Or how to free up hours during your compliance process? Learn about the latest initiatives progressive tax departments are taking to manage their data in our podcast series on data management. This week, Rich Heller at Bayer Corporation shares how his tax department dramatically changed how they ...
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Welcome back Excel – we missed you!
Audit Assistance, Best Practices, Compliance, Corporate Income Tax, Cost-Basis Reporting, Forecasting, Global Tax Compliance, ONESOURCE, Risk Assessment, Tax Automation, Tax Provision, US Income Tax Compliance, WorkFlow Manager 1 CommentPosted on February 23, 2012
A Closer Look at What Controls Your Excel Add-in Provides and What it Doesn’t The day has finally come when tax technology professionals have great reasons to recommend the use of spreadsheets for tax processes. The growing array of new Excel Add-in tools, responding to many of the historical risks related ...
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Thomson Reuters Teams with Unclaimed Property Recovery & Reporting
Audit Assistance, Compliance, Risk Assessment, Unclaimed Property 0 CommentPosted on January 11, 2012
Combined solution to enable companies to comply with stricter enforcement of unclaimed property laws Thomson Reuters announced that its ONESOURCE Unclaimed Property group has formed a strategic relationship with Unclaimed Property Recovery & Reporting (UPRR) LLC to help companies comply with increased enforcement of unclaimed property laws. With more than half of ...
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ONESOURCE Unclaimed Property Webinar: To Escheat or not to Escheat…It’s not a Question, it’s the Law
Alerts, Audit Assistance, Best Practices, Compliance, ONESOURCE, Risk Assessment, Unclaimed Property 0 CommentPosted on January 4, 2012
Join Thomson Reuters on January 10, 2012 at 12:30pm CST (1:30 EST) as ONESOURCE Unclaimed Property experts cover: Background on unclaimed property law Risks associated with failing to comply with unclaimed property laws and case stuides State trends including audit activity, interest assessments, and reductions of dormancy periods Unclaimed property annual reporting requirements Unclaimed property ...
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