Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Justified Trust: Has GST compliance taken us to the tipping point ?

Justified Trust: Has GST compliance taken us to the tipping point ?

GST Streamline Assurance reviews, the latest addition to the ATO’s whole-of-tax compliance framework, is placing a heavy burden on corporate tax teams. We look at some of the recent developments and how the industry can be better equipped to deal with this latest wave of compliance changes ahead of the Corporate Tax Association's GST & Indirect Tax Intensive in October. … Read More

Five tips to getting BEPs right every time

Five tips to getting BEPs right every time

Eight out of 10 Australian companies say they can’t comply with the new Year 2 local file requirements without some assistance, according to a recent Thomson Reuters survey. The survey of participants at our recent webinar, BEPS: One Year On, suggests that many companies (80%) are still not confident in meeting the requirements of the […] … Read More

No free rides in the crypto-currency tax race

No free rides in the crypto-currency tax race

Whether a crypto-dabbler or serious crypto-currency trader, anyone thinking they have a free ride past the tax tollgate will be in for a shock. The ATO is fine-tuning its strategy to chase and bill those failing to declare their gains resulting from the sale of bitcoins - or any other type of cryptocurrency. Luis Vazquez looks at the tax implications for all taxpayers. … Read More

How confident are you in your corporate tax compliance process?

How confident are you in your corporate tax compliance process?

Manual processes and spreadsheets have served corporate tax teams well, but in today’s environment, accuracy and speed in tax calculating and reporting is no longer an aspiration, but a necessity. How confident are you in your tax system? Glenn Francis, Senior Customer Success Manager for ONESOURCE shares tips on how to tell if it's time for an upgrade. … Read More

Profitable Procurement with SAP Ariba ONESOURCE Tax Solution

Profitable Procurement with SAP Ariba ONESOURCE Tax Solution

In the world of business-to-business buying and selling, much has been made of the consequences of getting tax wrong – with good reason. But what about the positives of getting it right? Adopting an automated system such as SAP Ariba ONESOURCE doesn’t just mitigate the risks, it can drive profits and excellent customer relationships. … Read More

Transfer Pricing: Playing the Good Game