GTM Tax & Technology Blog

Tax & Technology Blog

November 02, 2016

Why Your ERP Is Not Going to Work for Tax Depreciation (and what to do about it)

An ERP system can be highly effective. However, as you may have already found, this is not the case for the Tax Department, especially with regard to accurately and efficiently calculating tax depreciation. Luckily, there is an alternative. Read the blog to learn other solutions to help streamline the calculation.

READ MORE

Tax & Technology Blog

October 26, 2016

A Practical Approach to BEPS Country-by-Country Reporting

The quest for transparency in the global tax environment has been a catalyst for new regulations and guidelines. In the spirit of that pursuit, The OECD created the Base Erosion and Profit Shifting (BEPS) Action Plan #13 as one of fifteen actions that need to be taken to implement BEPS measures. The goal is to increase transparency regarding international tax structures and tax attributes that authorities believe may lead to base erosion. This blog will address how to implement Action #13: Country by Country (“CbC”) Reporting and Notifications in a practical manner.

READ MORE

Tax & Technology Blog

September 20, 2016

Understanding Tax Accounting for Investment in Domestic and Foreign Subsidiaries

Multinational companies need to understand the impact domestic and foreign transactions may have on their tax accounting. This blog was written to help you to better understand one facet of that task: tax accounting for investment in domestic and foreign subsidiaries. Here I will cover three sections – inside basis vs. outside-basis, bottom-up approach, and permanent reinvestment assertion.

READ MORE

Tax & Technology Blog

June 16, 2016

Enhancements You Can Expect in the New Corptax® 2016.1.1 Release

Every quarter Corptax addresses the areas that have been modified or improved for better use of the software. We wanted to pass along the improvements to fellow users to make your tax automation, (and your job) easier. Read about the enhancements you can expect to see in the new Corptax 2016.1.1 release.

READ MORE

Tax & Technology Blog

March 17, 2016

To Err is Human: Why You Should Submit Electronic Sales Tax Payments via ACH Credit

In the case of submitting electronic sales tax payments, you have two options that have both a time and a monetary impact. What’s best, an ACH Credit electronic payment or an ACH Debit electronic payment? Here are some tips about your options from Supervisor, Dan Campbell on how to choose what will work best for your organization from an efficiency and cost perspective.

READ MORE

// Linkedin Conversion Tracker Script