Tax & Accounting Blog

Get to Know the Faces Behind Estimated Payments

Get to Know the Faces Behind Estimated Payments

To celebrate the launch of the new integrated Estimated Payments functionality, we’re  featuring the faces behind this revolutionary solution. This week, we’ll get to know Kelly Hodgson, Product Manager, ONESOURCE Income Tax. Here’s what Kelly had to say: 1. How long have you been with Thomson Reuters and where are you located? I joined … Read More

Estimated Payments – Whose Job is it anyway?

Estimated Payments – Whose Job is it anyway?

Like cleaning rain gutters, ensuring the proper amount of tax is paid with Estimated Payments is something you know you must do, but it is a thankless task that no one really wants to do, much less do it every 3 or so months. The data used to compute Estimated Payment liability may originate from … Read More

Thomson Reuters Automated Estimated Payments for Corporate Tax Professionals

Did you know that in a recent poll  of 230+ corporate tax professionals, 31% said thier biggest challenge around estimated payments was that they are way too dependent on error-prone Excel spreadsheets?  Coming in as the second biggest challenge – with 29% response rate, was that process was too time-consuming. As we announced last month in our post Read More

Estimated Payments: Finally Addressing This Unvalued Activity

Estimated Payments: Finally Addressing This Unvalued Activity

Over the years, many corporations have seemingly not placed the right amount of emphasis on the estimated income tax process. This is mainly due to the lack of an appropriate solution. Instead of recognizing the value of how estimated payments can impact cash management, effectively integrate with the quarterly provision and tax planning, many view … Read More

onesource

Are Estimated Payments Taking Time Away from your Tax Department?

Did you know a typical large corporation spends anywhere from five to ten weeks a year per preparer extracting data from their existing systems and then calculating their estimated payments? Did you also know that now there’s a better way to streamline the preparation of both federal and state estimated payments? Introducing… Estimated Payments from Thomson Reuters ONESOURCE. This … Read More