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Is Your Company Ready for Transition to the 2021 US GAAP Taxonomy?

Insight Software

Earlier this year the Securities and Exchange commission began accepting the 2021 US GAAP Taxonomy (UGT) and many filers are getting ready for the switch now that their annual and first quarter filings have been successfully completed. The FASB 2021 UGT website provides a number of tools that will assist you with the taxonomy transition.

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Best Tax KPIs and Metric Examples for 2021 Reporting

Insight Software

Outdated or missing controls within the organization that review and update documentation, with appropriate frequency. Now that you have reached the end of this post about the best tax KPIs and metrics for 2021 reporting, it should be extremely evident how important the tax function is to any company. Enable cookies.

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5 Reasons to Upgrade to Latest Version of Angles for Oracle

Insight Software

Seamless Integration with Cloud Data Warehouse Targets. Expect simplified access to high-quality, extensible views of ERP data for reporting and analytics in a cloud-native destination. Expect simplified access to high-quality, extensible views of ERP data for reporting and analytics in a cloud-native destination.

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Preparing for the Great Tax Reset: Transparency and Flexibility Will Be Key

Insight Software

The government ran an open consultation with tax payers from 12 November 2020 to 5 March 2021, and says that the 10-year MTD initiative will help businesses as well as reduce the ”tax gap.” It’s a vision outlined by the OECD’s Forum on Tax Administration (FTA) in a discussion document called Tax Administration 3.0:

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Overcome Finance Skills Shortages in the Construction Industry

Insight Software

In ​2021, just over 32,000 sat for the CPA exam, compared to ​nearly 50,000 ​CPA ​candidates​ in 2010 ​​. When it comes to hiring skilled finance teams, leaders are struggling to find new talent to replace recent retirees. In 2020, bachelor’s degrees in accounting fell by 2.8% , and master’s degrees fell by 8.4%. It was a very manual process.

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Your Search for a Better Planning and Budgeting Solution for SAP is Over

Insight Software

Due to the complexity of SAP data structures, you often need assistance from your IT team to pull reports, a time-consuming process that leads to long planning cycles, localized documents, and inefficient coordination across departments. In short, you’re probably left thinking, ‘there has to be a better way.’.

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Examining the Skills Most in Demand by Tax Teams: The Merger of Tech and Finance

Insight Software

In October 2021, 136 countries agreed to enforce a corporate tax rate of at least 15%, as well as a fairer system of taxing profits where they are earned. In its Salary & Recruiting Trends 2021 guide, recruiter Hays said that, while finance and accounting skills in general are in high demand, tax experience is particularly valued.

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