Why use tax and trust compliance software
Tax compliance software streamlines the tax preparation and filing process, ensuring accuracy and efficiency. It reduces the risk of errors, ensures compliance with up-to-date tax laws, saves time, and provides detailed reporting and analytics for better tax management.
What are the types of tax compliance software
Key features of a platform could include automated tax preparation and lodgement capabilities with local authorities, administration requirements to manage multiple entities, data collection, real-time tax law updates, and centralised data management. It supports Direct Tax, Indirect Tax, CbCR, and BEPS Pillar Two compliance, offers detailed reporting, robust analytics, and seamless integration with existing ERP and financial systems, enhancing accuracy and efficiency.
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Tax Preparation and Tax Return Lodgement Software
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Global Minimum Tax Software
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Corporate Tax Reporting Software
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Tax Data Management Software
Tax preparation and return lodgement software
Tax return preparation and lodgement is the ‘bread and butter’ compliance service provided by accounting firms in ANZ.
How to choose the best tax preparation and return lodgement software
Choosing the best tax preparation software requires careful consideration of several factors. Start by evaluating the reputation and tax and accounting expertise of the software provider to ensure you will be compliant. Consider what integrations, automations and data sync features are available to help streamline your workflow, and reduce time spent per job. For example, is it just a click or two to get a tax return sent, signed and saved securely? Is there integrated tax research content in the software? And lastly what training and support is provided – is the support team local to your region?
Software Solutions:
Global minimum tax software
A BEPS Pillar Two software solution ensures global tax compliance by automating calculations for minimum tax requirements, reducing manual errors, and offering real-time updates. It enhances accuracy, streamlines reporting, and provides centralised management for multinational enterprises.
How to choose the best global minimum tax software
Top features to consider for BEPS Pillar Two compliance and reporting software include automated tax calculations, timely updates on global tax regulations, flexibility of software to quickly adapt and align to changing OECD Pillar Two rules, centralised data management, robust analytics, user-friendly interface, and seamless integration with existing financial systems.
Software Solutions:
Corporate tax reporting software
Corporate tax reporting software is vital as it ensures compliance with tax laws, reduces errors through automation, and saves time. It centralises data, provides real-time updates, and generates detailed reports, enhancing accuracy, efficiency, and strategic tax planning.
How to choose the best tax reporting software
Top features of corporate tax reporting software include automated data collection and tax calculations, real-time updates on tax laws, centralized data management, detailed and customisable reporting, robust analytics, user-friendly interface, and seamless integration with existing ERP and financial systems. Product solutions such as compliance tracking for Direct and Indirect Tax, CbCR, and BEPS Pillar Two are essential for multinational corporations.
Software Solutions:
Tax data management
Corporate tax data management involves the systematic collection, organisation, and analysis of tax-related data. It ensures accuracy, compliance, and efficiency in tax reporting and filing processes, centralising data for easy access, audit readiness, and strategic tax planning.
How to choose the best tax data management software
Top features for corporate tax data management software include automated data collection and integration, centralised data storage, real-time updates on tax regulations, robust security measures, detailed reporting and analytics, user-friendly interface, and customisable workflows. Additionally, seamless integration with ERP systems, audit trails, and support for compliance with Direct Tax, Indirect Tax, CbCR, and BEPS Pillar Two are essential for comprehensive management.
Software Solutions:
Wolters Kluwer’s tax compliance software
Wolters Kluwer premium solutions have been curated for businesses of all sizes and across different industries to ensure you are tax compliant.
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CCH iFirm
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CCH Integrator Suite
CCH iFirm suite
CCH iFirm is an integrated suite of cloud-based software which helps accounting firms run a more efficient and profitable practice. With apps for practice management, documents, client accounting, tax preparation, client communication and data analytics, CCH iFirm enables a more seamless end-to-end workflow.
Apps
CCH Integrator suite
CCH Integrator is a specialised tax engine and platform integrating end-to-end reporting and compliance processes and providing the granularity of data specifically for the Tax Department. CCH Integrator simplifies compliance complexity with automated workflows, configurable reporting, and built-in reconciliation features. Designed to streamline tax management across multiple jurisdictions, it is a cost-effective choice for modern enterprises and tax firms.
Modules:
Tax compliance software expert insights
Read our expert insights content on topics for tax compliance technologies and trends.
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ArticleTax & AccountingJanuary 31, 2025
Moving to the cloud: are these 3 myths holding your accounting firm back?
Whether your accounting firm is still on a full desktop or hybrid setup, the following guide walks through the common myths vs reality of moving to 100% cloud software for accounting firms. -
ArticleComplianceFinanceTax & AccountingJanuary 25, 2025
BEPS Pillar Two: Australian legislation enacted for global and minimum domestic taxes
Legislation to implement the global and domestic minimum taxes has been enacted in Australia -
ArticleTax & AccountingDecember 05, 2024
ATO reporting changes from 1 Jan 2025: Streamlining Australian Local File process
This article provides an update on the status of the OECD's Two-Pillar Solution for international taxation. -
ArticleComplianceFinanceTax & AccountingSeptember 18, 2024
Modernising the corporate tax function - technology insights
OneTeam’s focus on simplifying data management and streamlining workflows, combined with CCH Integrator’s tax expertise, creates a powerful toolset for tax professionals.
Tax compliance software case studies
Read about what customers implemented and how it met their tax compliance requirements.
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Case studyComplianceCorporateLegalAugust 20, 2024
Life Sciences Company - Case Study CCH Integrator
Our aim when we moved to the CCH Integrator technology was to gain benefits in reporting and consolidated workings. -
Case studyTax & AccountingAugust 07, 2024
CCH iFirm enables smooth business operations for Forward Accounting
"We like CCH iFirm because with one integrated platform, you get a client-focussed view, with all your client information in the one place." - Tania Garbes, Director & Chartered Accountant, Forward Accounting NZ Ltd. -
Case studyTax & AccountingJuly 04, 2024
CCH iFirm supports long-term firm growth of Numb1z Limited
"CCH iFirm has grown with our firm and has helped us manage the increasing volume of tax filings, which has significantly expanded over the years." - Moira Robertson-Brown, Director, Numb1z -
Case studyTax & AccountingJune 26, 2024
CCH iFirm enables improved workflow management for RCB Advisors
"CCH iFirm offers a very good solution to the accounting profession ‘under one roof’." - Rajesh Chawla, Director, RCB Advisors
Frequently asked questions about tax compliance software
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Q: What is tax compliance software?A: Tax compliance software helps accounting firms streamline the preparation, tracking and lodgement of Individual, Company, Partnership, Trust, Self-Managed Superannuation Fund (SMSF), Fringe Benefits Tax (FBT) returns, Instalment Activity Statements and Business Activity Statements (BAS) for their clients.
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Q: What does tax compliance software do?A: Tax compliance software automates tax-related processes, facilitates accurate return preparation and tracking, helps minimise errors, facilitates information and research access and supports timely, compliance tax lodgements.
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Q: What is the purpose of tax compliance software?A: Tax compliance software helps firms service the compliance needs of their clients as efficiently as possible.
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Q: How much does tax compliance software cost?A: A tax compliance software cost varies depending on your firms requirements such as features, users and reporting. Each software will be priced differently based on these requirements and it is important to understand how the software adds value and the return on investment to your firm.
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Q: How to choose the best tax compliance software?A: Tax compliance software costs vary depending on the provider, the features offered, and the scale of usage. Typically, cloud-based solutions are available on a subscription basis.
Contact a tax compliance software consultant
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