Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Catch me if you can – Transfer Pricing in the quantum age of speed and transparency

May 4, 2018

Data transfers between tax authorities in the supercomputer age will be made at lightning speed, allowing them to size-up in mere moments the veracity of a company’s declaration of cross-border structures and revenue models. While we might not be in the quantum age just yet, companies have started leveraging technology to produce accurate CbC reports and transfer pricing documentation.

Catch me if you can – Transfer Pricing in the quantum age of speed and transparency

Catch me if you can – Transfer Pricing in the quantum age of speed and transparency

Data transfers between tax authorities in the supercomputer age will be made at lightning speed, allowing them to size-up in mere moments the veracity of a company’s declaration of cross-border structures and revenue models. While we might not be in the quantum age just yet, companies have started leveraging technology to produce accurate CbC reports and transfer pricing documentation. … Read More

Professional services firms left in a quandary after ATO suspends risk assessment guidelines

Professional services firms left in a quandary after ATO suspends risk assessment guidelines

As practitioners will be aware, the ATO has suspended the application of its risk assessment guidelines for allocation of profits within professional services firms. The ATO’s risk assessment guidelines previously stated they would be reviewed in 2017. However, writing in Thomson Reuters 2018 Weekly Tax Bulletin Issue 3, Lance Cunningham, BDO National Tax Director, says […] … Read More

ONESOURCE Global Tax for SAP Ariba Solutions: the partnership making procurement awesome

ONESOURCE Global Tax for SAP Ariba Solutions: the partnership making procurement awesome

The last 30 years have seen the Australian economy make a steady departure from manufacturing and open up to international trade. Procurement and supply chain consultants have been central to this market evolution – providing advice to companies on new technology, sourcing goods from new countries and improving internal procedures. As a result, the industry […] … Read More

SAP Ariba meets ONESOURCE & makes procurement and tax awesome

SAP Ariba meets ONESOURCE & makes procurement and tax awesome

It was just one week ago that the worlds of procurement, finance and IT were brought together by the SAP Ariba Live Conference, held at Sydney’s International Convention Centre over 22 and 23 August. The event provided an exciting opportunity for the Australian procurement industry to discover the potential of just what this fusion of […] … Read More

Five risks you can avoid through proper training

Five risks you can avoid through proper training

Take a look at the risks your firm faces and how you can avoid and manage them through training. Bookkeeping errors, data breaches and occupational health and safety mishaps are just some of the common mistakes that pop up in accounting firms due to a lack of training. Fortunately, firms can largely avoid these mistakes […] … Read More