Tax & Accounting Blog

onesource

SOX Controls Over the Tax Function

It has been 10 years since the Sarbanes-Oxley Act of 2002 was passed, and many companies are still feeling the effects of the Act–specifically as it relates to Section 404.  Section 404 requires management (and for many public companies, their external auditor) to report on the adequacy of the company’s internal control over financial reporting … Read More

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman – “40 Under 40” Honoree

Adam Kupperman, Vice President & Head of ONESOURCE Firm Edition at Thomson Reuters was recently recognized by CPA Practice Advisor as a 2012 “40 Under 40” Honoree. This program is designed to highlight young professional leaders that have demonstrated their commitment to innovation and are shaping the future of tax & accounting. … 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

onesource

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

Six IRS Social Media Tools To Help With Your Tax Deadline

Six IRS Social Media Tools To Help With Your Tax Deadline

Look up any subject and literally — chances are there’s an app for that! It is not uncommon now for businesses to grow their presence on the internet via social media. What you may not be aware of is that the Internal Revenue Service (IRS) is also active on numerous social media platforms … Read More