Tax & Accounting Blog

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January 2014 International Indirect Tax Updates

Along with released budget measures for year 2014 many countries have passed legislation or announced a number of changes that have an impact on the VAT rates. These changes are a response to economic and budgetary developments in the particular country. We have summarized the upcoming VAT rate changes with the following countries. The changes will … Read More

IRS Issues Draft of Form 1042 for 2014, to Report Withholding on U.S. Source Income of Foreign Persons

IRS Issues Draft of Form 1042 for 2014, to Report Withholding on U.S. Source Income of Foreign Persons

The IRS has issued a draft of Form 1042 for calendar year 2014 reporting. The first use of the new version of this information reporting form will be the reconciliation of 2014 withholding, due date Match 15, 2015. A draft of the form can viewed on the IRS website. The IRS has not yet … Read More

Live from Synergy 2012- Join the Journey Day #2

Live from Synergy 2012- Join the Journey Day #2

The first day of Synergy 2012 brought an exciting opening session from Tax & Accounting President Brian Peccarelli and a spirited debate between our two keynote speakers, James Carville and Mary Matalin. Over 170 sessions continue today. Many of these sessions feature our clients telling their ONESOURCE story, including Ford, Bayer, and Johnson & Johnson. Check … 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

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

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Tax Sharing Allocations – Software and Technical Considerations

Is it taking you weeks or even months to push down your tax entry from your year-end provision?  The sharing of tax expense and tax attributes among legal entities in a consolidated group can be a difficult and time consuming process – often involving complex spreadsheets. Many companies face tight turnaround times at provision and … Read More