Ryan and Concur Create New Guide to Canadian Tax; E-book Developed to Help Businesses Navigate Complexities of Goods and Services Tax
TORONTO, Nov. 3, 2015 /CNW/ -- Ryan, a leading global tax services firm, and Concur, the world's leading provider of integrated travel and expense management solutions and services, have jointly authored a new eBook entitled, "Canadian Taxes and Expense Reporting." This new eBook provides readers with insight into the complexities of managing goods and services tax (GST)/harmonized sales tax (HST), and Quebec sales tax (QST) with regards to employee expense reimbursements. It also includes best practices to minimize audit risk and avoid leaving money on the table.
"The tax rules surrounding employee expense reimbursements are complicated, and this is an area that auditors play close attention to," said Garry Round, President of Ryan's Canadian operations. "Yet many companies use antiquated systems and homemade Excel spreadsheets to try to manage the processing and accounting of expense reimbursements, which frequently lead to over-claimed and unrecovered tax or audit assessments."
One solution to this pain point is for companies to implement a system that helps remove the human element in the expense reporting process, which is where Concur and Ryan can help.
"Concur's solution allows companies to bake tax rules right into its expense reporting software, which increases efficiencies," said Mr. Round. "With 40 years of tax experience, Ryan is in a market-leading position to recommend best practices for applying tax law to a company's Concur system to ensure organizations are mitigating risk and recovering the tax they're entitled to."
The eBook, "Canadian Taxes and Expense Reporting," is available to download at no cost. For a related blog post by Concur about this topic, click here.
"We are thrilled to be able to offer this valuable resource that combines the expertise of two financial services market leaders," said Mr. Round. "Ryan's unparalleled tax knowledge, together with the advantages of managing expense reporting in the cloud that Concur offers, can significantly help taxpayers overcome the challenges of Canadian tax law."
About Concur
Concur, a part of SAP, imagines the way the world should work, offering services that make it simple to manage travel and expenses. By connecting data, applications, and people, Concur delivers an effortless experience and total transparency into spending wherever and whenever it happens. Concur services adapt to individual employee preferences and scale to meet the needs of companies from small to large, so they can focus on what matters most. Learn more at www.concur.com or the Concur blog.
About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. Since 1974, the Firm's Canadian practice, headquartered in Toronto, Ontario, has supported multinational companies operating across Canada with a suite of provincial, federal, and international tax services. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of tax advisory and consulting services on a multi-jurisdictional basis, including audit defence, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com/Canada.
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SOURCE Ryan, LLC
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