5 Reasons Why a Recovery Audit Is More Important Now Than Ever Before

384 results

  1. Detect the Effect of a Change in US Tax Models on Payroll — Before You Do It

    Reading time: 35 mins

    US users of SAP payroll periodically need to maintain their tax model configuration. A small change made in a tax model to correct a taxing situation may inadvertently alter the taxing for other situations. Ensure that mistakes don’t sneak into your SAP payroll. Key Concept Tax laws in the United States are quite complex. SAP…...…
  2. The Changing Tax Landscape: Can Your Technology Handle It?

    Reading time: 30 mins

    An exclusive Q&A with Central Finance Bootcamp speaker David Dixon. This content is available to (General or Premium) members. Sign in or Join for free! Sign In Become a Member
  3. All About SAP CRM Tax Configuration

    Reading time: 17 mins

    Understand how to configure SAP CRM tax settings and integrate them with SAP ERP Central Component, financial accounting, managerial accounting, and sales and distribution settings. Key Concept In sales or service processing, the determination of taxes plays a vital role. In the majority of the cases in which an SAP ERP Central Component (SAP ECC)…...…
  4. VAT Changes Coming in 2010: Are You Ready?

    Reading time: 16 mins

    Because of the continuous extension of the European Union (EU) and the lack of alignment of local Value Added Tax (VAT) rules, VAT-related fraud is increasing and has resulted in unequal competition among suppliers in different countries. To reduce fraud and give suppliers equal treatment regardless of their country, VAT rules for services between EU…...…
  5. SAPinisder Technology Insight S4HANA Simulation Image

    Simplify Global Tax Management Automation

    Reading time: 6 mins

    By Ogo Nwanyanwu, Research Director, SAPinsider   Key Takeaways    Organizations selling goods and services across the U.S. are subject to complex “economic nexus” compliance requirements that can vary from state to state. Changing legislation makes accurate and real-time indirect tax calculation and compliance difficult, not only in the U.S. but also internationally. Avalara is expanding…
  6. 7 Steps for Handling Foreign Taxes through a Single Company Code

    Reading time: 8 mins

    Configure foreign taxes in your SAP system by setting up the foreign country as a region within your home country. Key Concept In the standard SAP system, the only tax procedure that you use in a specific company code is the one that is attached to the country associated with that company code. It may…...…
  7. Why Tax Departments Need to Build Technology Roadmaps

    Reading time: 10 mins

    As governments continue to introduce legislation that gives them visibility into companies’ data, systems, and processes, tax leaders are pressured to create their own digital transformation and respond with system changes that improve compliance, planning, and audit work. However, tax departments have historically competed for technology dollars. Developing a technology roadmap can help the tax…
  8. How to Set Up a Tax Code to Allow 4 Decimal Places

    Reading time: 9 mins

    Learn how to complete a series of steps to allow an SAP system to accept four-decimal entries in tax tables. This helps you deal with situations in which the tax authorities introduce new tax rates that have four decimal places or more. The extra decimal place may not be significant if the rate is calculated…...…
  9. Adjust Your SAP System to Keep Up with Changes in VAT

    Reading time: 9 mins

    The European Union’s efforts to prevent tax fraud have led to a change in its value added tax (VAT) — the reverse charge VAT. Key Concept Value Added Tax (VAT) is a common tax system in the EU. Tax authorities are revamping the system to combat fraud. The original principles used for local VAT are…...…
  10. Integrate Indirect Tax Calculation into Your SAP Global Finance Operations: Q&A with Stefan Blumer

    Reading time: 13 mins

    Thank you to all who joined our Q&A on integrating indirect tax determination with your SAP solutions with Stefan Blumer of Thomson Reuters. Stefan took questions on topics including meeting the challenges of indirect tax and automating indirect tax determination, as well as the new indirect tax integration for SAP from Thomson Reuters, the Global Next release. Review the…...…