Sales & Use Tax
Managing Indirect Tax Compliance in Accounts Payable
Tax compliance is not just an issue that accounts receivable (AR) handles. With regulatory changes becoming more and more complex, the responsibility also lies with
Category: Tax Compliance
Global Tax Determination
Incoterms 2020: A New Coat of Paint and Important Clarifications for a New Decade
The International Chamber of Commerce (ICC) has released the new 2020 version of the Incoterms. Incoterms are important business shorthand and understanding their express meaning
Tax Compliance
HMRC Overhauls its Business Risk Review (BRR) Regime
HMRC administers the whole of the tax system for the UK and Northern Ireland. Although there are some 5.7 million active businesses in the UK,
Sales & Use Tax
How the Wayfair Ruling Will Impact Your SAP S/4HANA® Journey
A recent joint webinar with ASUG, “How the Wayfair Ruling Will Impact Your SAP S/4HANA® Journey,” covered the effects of Wayfair, including changing economic nexus
Tax Compliance
Mexican Tax Reform Introduces Anti-Abuse Rule
Mexico is introducing a tax reform to be enforced on 1 January 2020, implementing a general anti-abuse rule. Its aim is to increase governmental control
1099
IRS Sunsets Paper e-Filing for 1099s
Historically, the IRS required 1099 filers of 250 or more forms to file electronically (e-file). For businesses filing fewer than 250 forms, the IRS allowed
Affordable Care Act (ACA)
The Affordable Care Act is Alive and Kicking
Despite what you may have heard, the Affordable Care Act (ACA) tax reporting requirements are not dead. In fact, enforcement of the Employer Shared Responsibility
Tax Compliance
Norway to Mandate SAF-T Reporting from 2020
Mandatory SAF-T (Standard Audit File-Tax) reporting will be introduced in Norway from 1 January 2020. Use of SAF-T, a standardized XML format containing exported accounting
1099
Illinois Enacts Form 1099-K Reporting Requirements
For the first time in state history, the Illinois state legislature has enacted form 1099-K reporting requirements as part of the FY20 Budget Implementation Act.
E-archiving
New Global VAT Compliance Report Provides Guidance for Multinationals
Companies are dealing with a fundamental shift in the way they do business with trading partners. In a rapidly increasing number of countries, there’s a
Tax Compliance
Poland’s Departure from the Traditional VAT Return
In Europe, Poland seems to be the first country to move away from the traditional VAT return replacing it with a detailed Standard Audit File
Tax Compliance
Hungary Expands Scope of Real-Time Reporting
Since July 2018, taxpayers in Hungary have been obliged to disclose the data of electronic invoices issued for transactions with accounted VAT exceeding HUF 100,000
Electronic Invoicing
Is Your Business Ready for Turkey’s Digital Tax Transformation?
The value of data is rising The value of data is becoming more precious than oil. Technology has transformed market dynamics across all sectors and
Tax Compliance
Revisiting the EU VAT “2020 Quick Fixes”
Part 4 – Call-Off Stock Arrangements This is the last in a series of four blogs providing explanatory detail to the EU’s “2020 Quick Fixes”
Tax Compliance
Italy to Introduce Pre-Completed VAT Returns by July 2020
The Italian government has introduced an ambitious new program for collecting VAT, under which the tax authorities will pre-populate VAT returns on behalf of taxpayers.
Tax Compliance
The Top Five Most Common Unclaimed Property Compliance Mistakes
Full compliance when it comes to unclaimed property requirements can be difficult to determine. For many businesses, it isn’t until they are audited and fined
Tax Compliance
Revisiting the EU VAT “2020 Quick Fixes”
Part 3: Chain Transactions This is the third in a series of four blogs providing explanatory detail to the EU’s “2020 Quick Fixes” that aim
1099
IRS Tax Gap Data Previews the Future of 10-series Reporting Requirements
A recent fact sheet released by the IRS shows the latest tax gap estimates and overall taxpayer compliance, and demonstrates why the IRS is likely