Tax Where are Your Hidden Costs and Lurking VAT Compliance Risks?
While your business may be managing with your existing methods or through band-aid solutions in the short term, there can be underlying hidden costs and lurking risks.
Tax The VAT Compliance Crisis
Covid-19 has led to unprecedented levels of public spending. To make up the shortfall in their balance sheets, governments have, really, two options: increase VAT rates or improve VAT collection. Gartner estimates that by 2030, 60% of countries worldwide will have implemented Continuous Transaction Controls (CTC). And the consequences for non-compliance are huge.
Tax The Danger of Indirect Tax as an Afterthought
What are 4 things that can go wrong when indirect tax is an afterthought, and not considered throughout your digital transformation?
Tax 4 Tips to Get Indirect Tax on the Corporate Agenda
We’ve put together 4 top tips to help you get your finance and wider business to start thinking about tax and take the necessary steps to get ahead of these major changes.
Tax 4 Reasons Finance and Tax Struggle with Compliance
With real-time reporting, there’s no time to wait for processes and controls to fix errors that happen in reporting cycles. It’s essential that all of the tax-relevant information in invoices is correct the first time.
Tax Centralized Tax System Helps Global Growth at Starbucks
Starbucks has an incredibly complex business model, and each step has specific tax requirements. Originally, there was no centralized tax system in place, and Starbucks was relying heavily on manual processes. The sheer scale and complexity of the business caused Starbucks to realize that manual processes were putting them at risk and hampering business growth.