True Partners Insights

Pillar Icon

Sales & Use Tax Insights

Washington Tax Insight October 2018

Politics and Congressional Activity The House voted 361-61 to approve a FY 2019 spending bill that would keep the government running past September 30th until December 7th by approving funding for the departments of Defense, Labor, Education and HHS and including short term funding for the rest of the government.  The Senate had passed the stopgap funding bill by a vote of 93-7 prior to the House vote.  Despite his […]

October 3, 2018

Three Types of Internal Tax Control Risks Every Business Should Consider

When looking at internal controls from a tax perspective, businesses tend to zero in on financial statement risk. And while that’s important, there’s really a lot more to it than that. In order to get a complete picture, there are three broad areas of risk that all companies should take into account. Inherent risk. This is risk that exists due to the nature of the company and its environment. It […]

August 7, 2018

Four Areas Where Tax Technology Reduces Risk

Tax departments are faced with continually increasing complexity and ever-evolving challenges, yet only about 25-30% of mid to large-sized organizations have taken advantage of modern technologies to automate their tax processes. For many of these organizations, the status quo of Excel has simply prevailed. For others, it’s a lack of understanding of the true business case behind tax technologies. Often, tax technology is considered only after a deficiency has been […]

August 7, 2018