loader from loading.io

The Fast Pace of Digitalization and Its Tax Implications

Tax & Tech Talks

Release Date: 10/12/2020

How edge computing and the cloud will revolutionize tax departments show art How edge computing and the cloud will revolutionize tax departments

Tax & Tech Talks

Business models across industries are changing faster than ever before. We hear a lot about changes due to COVID, companies transforming the way they sell, bringing new products to market, digitizing how they serve customers. Corporations have increased the number of places they are doing business, customers they serve, and the breadth of products and services they offer. This, in turn, increases the volume of purchases or transactions they have and the huge tax implications that follow.

info_outline
A Closer Look at Corporate Income Tax Solution for a Successful Filling Season  show art A Closer Look at Corporate Income Tax Solution for a Successful Filling Season

Tax & Tech Talks

In this episode, Thomson Reuters Bianca Kuijper takes us through a “behind-the-scenes” look at the industry’s most trusted and powerful corporate income tax solution. She is joined by our own technology and customer success experts, Alycia Hemingway and Sudha Addepalli as they share best practices and strategies tax professionals can put into place to ensure a smooth tax filling season.

info_outline
How To Achieve Global Statutory Financial Compliance   show art How To Achieve Global Statutory Financial Compliance

Tax & Tech Talks

In our latest episode, our host Briony Kempton talks to customer TMF Global’s Pavlo Boyko on how automation technology can assist finance departments and Shared Service Centers with standardization and centralization of their global reports.

info_outline
The Sophisticated Tax Department– What It Is and How To Get There show art The Sophisticated Tax Department– What It Is and How To Get There

Tax & Tech Talks

In this episode, our own Bianca Kuijper talks to EY America's Shaun Lockhart, and provide insights into how technologies make the most positive impact, create efficiencies, save time, improve data quality, and provide meaningful insights. Turning the time saved and the high-quality data into meaningful insights sets sophisticated or predictive tax departments apart from the rest.

info_outline
How Tech Tools Help Mitigate Supply Chain Disruption show art How Tech Tools Help Mitigate Supply Chain Disruption

Tax & Tech Talks

With supply chain disruption erupting around the world, what strategies and tools can customers use to navigate these cataclysmic changes?

info_outline
How AI and Machine Learning Can Help With K-1s show art How AI and Machine Learning Can Help With K-1s

Tax & Tech Talks

How can AI and machine learning assist already overburdened tax professionals with complicated and time-consuming processes?

info_outline
How Tech Can Help You Navigate the New Tax Rules and Tax Trends show art How Tech Can Help You Navigate the New Tax Rules and Tax Trends

Tax & Tech Talks

The disruptions due to COVID has hastened many industry tax trends simmering on the surface even before the pandemic hit. These new rules and trends can have a lasting effect beyond  2022 and even the next five years. Moreover, with economic stimulus packages rolling out from governments worldwide, it's no secret these governing authorities will be looking for ways to charge indirect taxes to refill their coffers.

info_outline
How Tech Can Help with Brexit Supply Chain Disruptions show art How Tech Can Help with Brexit Supply Chain Disruptions

Tax & Tech Talks

Businesses are having to navigate the confusing and unfamiliar supply chain disruptions caused by Brexit. How can technology ease their Brexit supply chain headaches? Our panel of experts discusses the new United Kingdom-European Union Free Trade Agreement and how technology can mitigate the supply chain disruption Brexit is causing multinational corporations doing business in the UK.

info_outline
Tax Policy under Biden: What to Expect in 2021 and Beyond show art Tax Policy under Biden: What to Expect in 2021 and Beyond

Tax & Tech Talks

What are the dramatic effects of the Biden Administration’s enactment of significant tax proposals under Democratic-Republican (50-50) control? When can we expect new COVID relief? Should corporations make structural changes or change their business operations based on these proposals?  How can taxpayers take proactive steps to advocate for workable tax policies? 

info_outline
Tax Game Changer: Analytic Process Automation show art Tax Game Changer: Analytic Process Automation

Tax & Tech Talks

In this episode, we focus on a game-changing, easy-to-use solution that allows teams to easily share data, automate tedious and complex processes, and turn data into results.

info_outline
 
More Episodes

COVID-19, Brexit, SAF-T adoption, e-invoicing mandates, VAT fraud preventions– and that's just the tip of the iceberg. What's a tax department to do? 

Episode Notes:  

Technology continues to progress and transform our lives– especially in tax. Digital products like ride-sharing apps, digital skins on games like Fortnite, and with the movement from in-person services to virtual services, more companies find themselves struggling to figure out what is taxable under a framework that was developed seventy years ago. The "new normal" seems to be is reacting to rapid change but that is not a sustainable solution.

Questions? Contact us.

Additional Resources:

AI-Enhance Processes and Decision-Making Are Revolutionizing Corporate Tax Departments, Teaching Tax vs Teaching Tech: How Tax Departments Can Address Skillset Gaps and Talent Development, Bianca Kuijper’s LinkedIn page, Melissa Oaks’ Twitter page, Adam Schaffner’s LinkedIn page