Add Row
Add Element
Kozi checks and balances
update

Kozi Checks & Balances
Media Site Home

cropper
update
Add Element
  • Categories
    • Kansas Tax Compliance
    • Audit-Proofing Strategies
    • Bookkeeping Basics
    • QuickBooks Optimization
    • Industry Insights
    • Tax Deduction Deep-Dives
    • Local Business Spotlights
    • Payroll Taxes
    • Business Directory
Add Row
Add Element
cropper
update
 Kozi Checks & Balances TaxTactics News 
cropper
update
December 18.2024
2 Minutes Read

Embracing ESG: How Ethical Investments Drive Shareholder Value and Sustainability

Attendees engaged in sustainable investment seminar, modern conference.

Understanding ESG: A New Wave of Sustainable Business

Have you ever wondered how businesses can thrive sustainably and responsibly? Enter ESG—Environmental, Social, and Governance—principles, a game-changing framework that not only boosts a company's ecological and social standing but also drives economic success. From minimizing carbon footprints to promoting transparency and worker safety, ESG shows us that doing good is also good for business. An impressive 82% of corporate leaders in 2024 believe ESG will significantly impact performance, highlighting its growing importance.

The Business Case for ESG: Why It Matters

Imagine ESG as not just a checklist, but a strategy that aligns ethical practices with shareholder interests. ESG investments are directly linked to better efficiency and cost savings, which can translate to increased value for shareholders. Companies adopting these principles often find themselves enhanced in resilience, competitiveness, and profitability. This shift is particularly compelling for health-conscious consumers who increasingly align their purchasing decisions with companies committed to sustainable and ethical practices.

Inspiration and Practical Tips

Real stories of change can inspire us. Take, for example, a local business that turned to ESG practices by reducing waste and integrating community wellness activities. Their journey not only improved the environment but deepened their customer relationships, showing tangible value in everyday life. For those considering a more proactive approach to sustainability in their own lives or businesses, starting small—like minimizing waste or supporting businesses that prioritize ESG—can lead to significant positive impacts.

Audit-Proofing Strategies

0 Comments

Write A Comment

*
*
Related Posts All Posts
02.11.2026

Revolutionizing Compliance: An E2E Approach for Oracle Fusion Users

Update Understanding the Complexity of Compliance for Oracle Fusion UsersAs businesses expand globally, managing compliance in an Oracle Fusion Cloud ERP environment can become increasingly complex. Users have realized that relying on low-cost or free tax-engine solutions may not be sufficient as transaction volumes rise and regulatory obligations multiply. These compliance mechanisms often morph into a labyrinth of spreadsheets and disconnected systems, leading to an administrative nightmare and heightened audit exposure.The Case Against Fragmented Compliance SolutionsMany Oracle users began their ERP journey with good intentions, but as their needs grew, their compliance strategies faltered. When employing multiple vendors for different aspects of compliance—such as VAT, sales tax, and e-invoicing—businesses inadvertently contributed to a fragmented ecosystem. This not only leads to inefficiencies but also increases the risk of missing crucial compliance updates across different jurisdictions. As articulated in the insights from Sikich, federal organizations face similar challenges when collaborating with multiple systems, stressing the importance of streamlined operations to ensure compliance amidst resource constraints.Benefits of an End-to-End Compliance PlatformFor Oracle Fusion users, embracing an end-to-end (E2E) compliance solution that integrates tax, e-invoicing, and global trade compliance into a single framework is increasingly critical. These comprehensive platforms help eliminate the tactical distractions that impeded growth and prevent operational burdens from stifling productivity. The unification of various compliance functions within Oracle’s ecosystem not only enhances operational efficiency but also improves overall data integrity and reduces risk exposure.Real-World Applications: A Unified ApproachTo effectively manage compliance, many organizations are adopting Oracle’s E2E platform, which also supports generic compliance requirements across various industries—from federal agencies to large multinational corporations. A recent Sikich report highlights how federal organizations utilizing Oracle Cloud solutions improved compliance management by automating monitoring and leveraging AI for enhanced productivity. By centralizing compliance processes, these organizations could focus on strategic goals rather than troubleshooting compliance issues.Preparing for the Transition to E2E ComplianceTransitioning to an E2E compliance model doesn't have to be daunting. Oracle Fusion Cloud ERP users should look for signs indicating readiness for consolidation—like current systems overwhelming IT, inconsistencies in compliance processes, or increased audit occurrences. The shift can involve gradually phasing out fragmented tools and adopting consolidated solutions designed specifically for the Oracle environment.Updating Your Compliance Strategy: Be ProactiveAs regulations continually evolve, organizations must remain vigilant. Regularly reviewing the effectiveness of compliance measures and updating strategies based on real-time data can vastly improve compliance readiness and operational resilience. Additionally, tools embedded with Oracle’s AI capabilities can help automate many routine compliance tasks, allowing companies to allocate resources more effectively and reduce manual workloads.

02.07.2026

Why Trust in AI Matters: A New Alliance for Tax Professionals

Update Forging Trust in AI: A New Alliance in Tax In an era where technology and ethics intersect dramatically, a groundbreaking collaboration has emerged in the world of tax professionals. The Trust in AI Alliance, initiated by Thomson Reuters, is uniting AI giants like Anthropic, AWS, Google Cloud, and OpenAI to confront one of the most urgent questions: How can trust in AI systems be established, particularly in high-stakes environments such as tax compliance? Why Trust is Crucial in Tax Work Joel Hron, Chief Technology Officer at Thomson Reuters, emphasizes that clients rely on AI not just for speed, but for trustworthiness. “Our customers do not use AI for experimentation,” he states. “They use it to make decisions they must explain, defend, and stand behind.” In the world of taxation, where decisions can have significant legal implications, this sentiment resonates loudly. Professionals are not just in search of faster responses but also the assurance that the information provided is accurate, sourced from reliable material, and contextually sound. Three Pillars of Trustworthy AI The alliance has pinpointed three fundamental challenges that need addressing to uphold trust in AI: Context Integrity: This involves ensuring that critical decision criteria remain intact during model processing, particularly important for nuanced tax code interpretations. Immutable Provenance: To maintain audit trails, it is imperative that source texts remain unchanged and verifiable over time. Security Against Adversarial Prompts: As workplace digital environments become more collaborative, protecting AI workflows from manipulative inputs is essential. Combining Innovation with Authority Thomson Reuters brings a wealth of experience as a trusted authority in tax software, applying rigorous standards to its AI aspirations. According to Michael Gerstenhaber from Google Cloud, “Building trusted agents requires grounding models in ‘enterprise truth,’ connected to verified data sources.” This goes beyond mere compliance and touches on creating AI that genuinely serves the intricate needs of tax professionals. Future Trends: What This Alliance Means for Tax Professionals The formation of the Trust in AI Alliance does not just signify a partnership; it heralds a new era for tax professionals. AI is poised to revolutionize tax compliance functions by enabling rapid, high-quality work while reducing risks associated with human error. Innovations in this space aim to enhance data accuracy, ensure robust compliance, and foster real-time insights that empower professionals to make informed decisions. Empowering Real Change in Tax Processes The potential for AI in tax extends far beyond automation. With the demands of complex compliance issues and shifting regulations, AI can deliver tailored solutions that offer predictive insights, enhance decision-making accuracy, and ensure transparent reporting. This transformation hinges on trust—building relationships not just with algorithms, but with colleagues and stakeholders essential to a thriving business environment. Evolving Trust with Technology As the tax landscape continues to evolve, establishing a trustworthy framework around AI use will be critical. This alliance is set to ensure that AI tools not only accelerate workflows but that they do so responsibly, fostering confidence among both tax professionals and their clients. Takeaway: Embracing a Future with Trust For tax professionals navigating an increasingly complex environment, the Trust in AI Alliance represents a beacon of hope. It underscores the importance of trusted AI systems, paving the way for innovative approaches that can help prepare them for the challenges ahead.

02.06.2026

Revolutionizing Indirect Tax Filing: How Tech Solutions Thrive

Update The Complex World of Indirect Tax Indirect tax professionals face immense pressure as they navigate the tangled web of global regulations. With each country enforcing its own value-added tax (VAT), sales tax, and goods and services tax (GST), the task can seem Herculean. Traditional methods of tax compliance often fall short, burdening teams with cumbersome processes and manual errors. However, technology presents a transformative opportunity to alleviate these challenges, turning hurdles into pathways for strategic advantage. Embracing Technology in Tax Compliance Modern challenges require modern solutions. The shift towards digital transformation is reshaping indirect tax functions worldwide. Automated solutions, particularly cloud-based ones, are emerging as vital components for businesses looking to enhance compliance and efficiency. According to insights from experts, adopting a cloud strategy is no longer just beneficial; it's essential for businesses aiming to keep pace with evolving compliance requirements. Real-Time Reporting: A Game Changer One of the most pressing challenges in indirect tax compliance is the demand for real-time reporting. Each transaction now calls for immediate tax filings, compelling businesses to implement systems that allow for swift data processing. As noted by tax leaders, the implementation of e-invoicing is revolutionizing how organizations manage tax obligations, providing tax authorities with vital transaction data while reducing the opportunity for error and enhancing compliance. Avoiding Data Silos for Optimal Compliance Another notable issue in indirect tax management is the existence of data silos. Without a unified view of tax-related data, firms struggle to manage compliance efficiently. Integrating tax data into a centralized system not only boosts reporting accuracy but also enhances visibility across all financial operations. Experts emphasize that overcoming these barriers is crucial for maximizing efficiency and optimizing resource allocation within tax teams. Transforming Challenges into Opportunities The future of indirect tax isn't solely about avoiding pitfalls—it's also about leveraging the challenges to foster innovation within tax functions. Companies now have a unique opportunity to redefine their operational models. By embracing automation and focusing on cloud-based solutions, organizations can ease compliance burdens, thereby freeing tax professionals to engage in higher-value strategic advisory roles. The Road Ahead: Predictions for Indirect Tax The landscape of indirect tax compliance is set to evolve dramatically in the coming years. With the rise of automated solutions and e-invoicing, businesses can anticipate not just compliance but enhanced operational agility. As shared by industry leaders, the ongoing transformation promises to strengthen the value proposition of tax departments, allowing them to contribute strategically to corporate growth. Call to Action For businesses looking to navigate the complexities of indirect tax successfully, investing in technology is no longer optional—it's a necessity. By prioritizing cloud solutions and automation, companies can enhance their tax functions and turn compliance challenges into opportunities for growth.

Terms of Service

Privacy Policy

Core Modal Title

Sorry, no results found

You Might Find These Articles Interesting

T
Please Check Your Email
We Will Be Following Up Shortly
*
*
*