Tax & Accounting Blog

Thomson Reuters Granted Patent for Universal Tax Determination Engine

Thomson Reuters Granted Patent for Universal Tax Determination Engine

The Tax & Accounting business of Thomson Reuters today announced it has been granted a U.S. Patent for its Universal Tax Determination Engine (UTDE).  The patent for invention number 7,933,803, part of the ONESOURCE Indirect Tax solution, provides centralized control of tax policy and data driven tax determination for sales, use, and value added … Read More

CO: Agricultural Exemptions Reinstated

CO: Agricultural Exemptions Reinstated

Effective July 1 the passage of H1005 will restore certain agricultural exemptions that were temporarily eliminated by L. 2010, H1195. Exemptions will once again apply to sales, purchases, storage, use, or consumption of agricultural compounds and pesticides, including those used in the caring of livestock or agriculture or semen for agricultural or ranching purposes. The … Read More