KPMG at SYNERGY 2024

11^th November

10:10- 11:00am

Harnessing AI for Tax Efficiency — Product Classification and Exemption Management

Patrick Onderick

In this session, we are set to uncover the practical applications of AI in the domain of Indirect Tax, with a particular focus on the tax classification of products and exemption certificate management. By harnessing the power of AI, businesses can not only streamline their operations allowing for more precise tax compliance and efficient tax management but also significantly reduce the risks and exposures associated with tax audits. Through real-life examples, we will demonstrate how AI can be effectively integrated into tax workflows, transforming the way companies approach tax classification of products and exemption certificate management. This session is designed to provide actionable insights that participants can apply to their own organizations, equipping them with the knowledge to drive transformation initiatives in their tax functions.

11^th November

10:10-11:00am

Accelerating the Tax Close Cycle with Alteryx and the ONESOURCE Suite of Tools

Andy Maryott, Chris Margiotta

In this session, KPMG will discuss how to leverage the ONESOURCE suite of tools and Alteryx to accelerate your close cycle.

11^th November

11:20-12:10pm

Customer Case Study – KPMG/ Bausch + Lomb Complex Global Supply Chain Using ONESOURCE Indirect Tax Determination with SAP S/4HANA

Jon Rezendes 

In this session, KPMG and Bausch + Lomb will discuss continuing their global Financial Transformation project into the US and EU with SAP S/4HANA and ONESOURCE Indirect Tax Determination. We will review B+L’s complex supply chain scenarios and demonstrate how ONESOURCE has added significant value to Bausch + Lomb in managing its indirect tax calculation and reporting requirements.

11^th November

12:40-12:55pm

11^th November

3:05-3:55pm

Worldwide Waves — KPMG, Riding the E-invoicing Tsunami

Kathya Capote Peimbert

In this session, KPMG will explore the seismic shift transforming global commerce through e-invoicing. We will take a deep dive on how these requirements are reshaping business landscapes. Join us as we ride the crest of innovation, uncovering strategies to harness the power of this unstoppable force and propel your organization to new heights in the digital age.

12^th November

9:50-10:40am

Information Reporting Hot Topics

Cyrus, Daftary, Elis Prendergast

In this session, KPMG will cover the latest developments surrounding Forms 1099 and 1042-S compliance obligations, IRS audit efforts, as well as providing an update on the Transmitter Control Codes (TCCs) for filing electronically through the FIRE system.

12^th November

11:00- 12:15pm

Brazilian Tax Reform — The Imminent Need for a Tax Transformation

Paula Smith

In this session, we will address the recent Brazil Tax Reform and its implications for tax determination, focusing on the importance of Technology as an enabler for a smooth transition to the new tax system. You will learn about the changes introduced by the reform, how they affect tax determination processes, and the ways in which enhanced tax content can aid in navigating the new tax landscape. We will explore specific updates relevant to Brazil's tax environment and how to apply these within your determination software to maintain compliance.

12^th November

11:00-12:15pm

Grantor – Irrevocable, Revocable, Intentionally Defective, Qualified Personal Residence Trusts

Mike Macero

This comprehensive session will explore the nuances of irrevocable, revocable, intentionally defective, and qualified personal residence trusts, providing invaluable insights into their unique tax implications and reporting requirements.

12^th November

11:00-12:15pm

Cryptocurrency Regulatory Update and Associated Information Withholding Reporting Implications

Cyrus, Daftary, Elis Prendergast

Over the last few years, there has been explosive growth in cryptocurrency but very little guidance from taxing authorities on accounting for cryptocurrency transactions. This session will cover the latest information regarding cryptocurrency and 1099 reporting. We will also discuss the essential considerations for generating and filing information returns.

12^th November

2:40-3:30pm

Tax Provisioning in the AI Age — The Unseen Power of Copilot and GenAI

Charles Danguy, Ruchika Sharma

In this session, KPMG will give a brief introduction to Generative AI (GenAI), understanding its potential applications and how it can transform the way we interact with and utilize data from systems like OneSource. Discover how GenAI and Copilot can be utilized to generate meaningful insights from data extracted from OneSource, revolutionizing the approach to tax provisioning. Learn how to leverage the capabilities of GenAI and Copilot to pre-build prompts, enhancing efficiency and streamlining the decision-making process in tax management.

12^th November

2:40-3:30pm

Customer Roundtable — KPMG Leading Practices for ONESOURCE, Alteryx Implementation & Integration with the ERP System

Sandy Fisher, Arjun Sikka

In this session, KPMG will facilitate a roundtable with customers to discuss their experiences working with Alteryx and various ONESOURCE products to maximize efficiency in their Tax department and integrations to their ERP systems.

13th November

8:00-8:50am

The Skill to Thrill — 3 Tools for Solving the Top 5 OIT Issues of 2024

Jackie Ziemba

In this session we will share real-life examples of work situations where accurate leverage of ONESOURCE University, ONESOURCE Support, and the ONESOURCE Help Library have made our client users look like pros. We will be walking through a series of short narratives that tell the story of our ONESOURCE resources.

13^th November

9:10-10:00am

Get Ahead of the Curve — Everything You Need to Know About State Tax Information Filing Obligations (Forms 1099 and Equivalents)

Kelli Wooten, Martin Mueller

In this session, KPMG will review state tax information reporting concepts, including the combined fed/state Form 1099 filing program. Key state tax information reporting obligations in jurisdictions that fall outside this program will be addressed.

13th November

9:10-10:00am