Tax & Accounting Blog

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan Clarifies Reporting of Oil and Gas Personal Property

Michigan’s State Tax Commission issued a bulletin to clarify reporting requirements for Oil and Gas Well properties. This bulletin includes how to properly report Oil and Gas personal property using Form 632 and how to determine the status of a well, using the Department of Environmental Quality Oil and Gas Database. Reportable costs and the … Read More

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Build a Transfer Pricing Knowledge Base

ONESOURCE Transfer Pricing has defi nitely met my needs. I’ve been using it for almost fi ve years and I love the progression that it’s made. It’s very user friendly and with it now being web-based, everything is there online, which is great. Tax Manager, Jones Lang LaSalle Jones Lang LaSalle Case Study Hear how … Read More

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Centralize Data Collection and Increase Reliability, Speed and Efficiency

We really locked down and automated many of our processes. I could now have my journal entry out in an hour. Chip Gooding, Director, Tax Accounting and Reporting Commercial Metals Company wanted to drive efficiencies in data management. With ONESOURCE WorkFlow Manager, data is harmonized, existing workpapers are standardized, and data is readily available. … Read More

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Streamline Tax Provision and Return Adjustments by 80%

I was able to load the trial balance right from ONESOURCE Tax Provision and then load all of our adjustments. It took me one day to tie out our year-end provision versus one week. I imagine next year will be even easier. Michelle Potpan, Tax Support Manager Time management was the primary concern for Boehringer … Read More

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Cut a Full Day of Data Entry—and That’s Just the Beginning

Now I have a workpaper that I can save in ONESOURCE Tax Provision and give it to auditors when I’m done. Jodi Jones, Manager — Tax & Accounting Compliance Asurion Case Study Hear how Asurion eliminated manual work using Thomson Reuters ONESOURCE. Request a demo By leveraging the Active Workpapers module … Read More