Tax & Accounting Blog

Who says states are complicated?

Who says states are complicated?

State provisions are complex and raise plenty of challenges.  States have numerous issues and adjustments from the federal tax return.  For example, some decouple and revalue fixed assets for things such as bonus depreciation or Section 179 expense.  Some states have used a hybrid income base, such as Texas and Michigan.  More and more states … Read More

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky Gov. Beshear’s “Blue Ribbon Commission on Taxation” is due to deliver a finalized report of its recommendations for updating the state tax code. The Commission has held 14 hearings during the year, which included testimony from business leaders, tax experts, and other citizens. The Governor has acknowledged that passing a comprehensive tax reform within … Read More

Live from Synergy 2012- Join the Journey Day #1

Live from Synergy 2012- Join the Journey Day #1

We’ve kicked off Synergy 2012- Join the Journey! This jam-packed conference will allow over 1400 customers to engage with fellow tax professionals, learn best practices for using your ONESOURCE solution, and preview upcoming enhancements that will boost your user experience. Visit the ONESOURCE global page to view today’s video, as well as the … Read More

Tax and the 2012 Presidential Election

Tax and the 2012 Presidential Election

Discussions on corporate and individual tax for Americans have emerged as a main focus of the 2012 presidential election. President Barack Obama and Governor Mitt Romney have promoted two different strategies on how to decrease the national deficit through tax policy. President Obama’s plan proposes increasing taxes for high-income households and providing temporary tax relief … Read More

Get to Know the Faces Behind Estimated Payments: Part Two

Get to Know the Faces Behind Estimated Payments: Part Two

To celebrate the launch of the new integrated Estimated Payments functionality, we are featuring the faces behind the the development of this revolutionary solution. This week, we’ll get to know Molly Delafield, Director of Product Management, ONESOURCE Income Tax. Here’s what Molly had to say: 1. How long have you been with Thomson Reuters and where … Read More