Tax & Accounting Blog

Thomson Reuters ONESOURCE Indirect Tax in the Cloud Provides Companies with New Deployment Model to Achieve Compliance with Confidence

Thomson Reuters ONESOURCE Indirect Tax in the Cloud Provides Companies with New Deployment Model to Achieve Compliance with Confidence

New York, February 26, 2013 — Thomson Reuters introduces today ONESOURCE Indirect Tax in the cloud, an end-to-end solution that manages the entire indirect tax lifecycle. Available to companies of all sizes regardless of business operation complexity, ONESOURCE Indirect Tax in the cloud leverages Thomson Reuters proven and patented global on-premise software that … Read More

Florida Governor Wants to Eliminate Sales Tax on Purchases of Equipment

Florida Governor Wants to Eliminate Sales Tax on Purchases of Equipment

In an effort to encourage growth in manufacturing companies, Florida Governor Rick Scott has announced that he plans on working towards completely eliminating taxes on the purchase of equipment used in manufacturing. Prior to January 1, 2013, manufacturers were required to demonstrate that they were meeting a 10% “productive output” requirement in order to receive … Read More

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

Optimizing Your Exemption Certificate Process Managing the exemption certificate process in your company can be time consuming and prone with problems. ONESOURCE Indirect Tax Certificate Manager from Thomson Reuters streamlines your method of managing exemption certificates saving you time and money. Tax Certificate Manager integrated with ONESOURCE Indirect Tax Determination increases the overall accuracy of … Read More

Utah Legislative Proposal to Increase Sales Tax on Food

Utah Legislative Proposal to Increase Sales Tax on Food

Utah state Senator John Valentine is negotiating with House Representatives  in the state legislature to increase the sales tax levied on foods to 4.25%.  Currently, food can be taxed at differing rates, based on its preparation and/or packaging.  The proposed sales tax increase would bring all food transactions to the same rate.  This bill was … Read More

Washington State Discusses the Tax Treatment of Chemicals Used to Treat Drinking Water

Washington State Discusses the Tax Treatment of Chemicals Used to Treat Drinking Water

The Washington Department of Revenue issued guidance regarding the tax treatment of chemicals used to treat drinking water. Chemicals that are used to treat drinking water but that do not remain with the water when delivered to the customer will be subject to sales or use tax. For example, ozone is a chemical that is … Read More