Tax & Accounting News

Thomson Reuters Launches Content on Accounting for Income Taxes After Sweeping Tax Reform

Thomson Reuters Launches Content on Accounting for Income Taxes After Sweeping Tax Reform

Thomson Reuters has released a Checkpoint special report, Accounting for Income Taxes after a Sweeping Tax Reform, and a new Checkpoint Catalyst topic: US GAAP – Accounting for Income Taxes to help accounting firms tackle the complex guidance in Topic 740, Income Taxes, in the Financial Accounting Standards Board (FASB) Accounting Standards Codification and the … Read More

TaxConnex LLC Launches Verified Integration Enabling Businesses to Access Thomson Reuters

TaxConnex LLC Launches Verified Integration Enabling Businesses to Access Thomson Reuters

Thomson Reuters has announced the launch of QuickBooks Connexion from TaxConnex LLC. The Verified Integration provides businesses unified access to the industry-leading Thomson Reuters ONESOURCE Indirect Tax automation solution, enabling them to efficiently achieve sales tax compliance. As part of the Thomson Reuters ONESOURCE Indirect Tax Development Partner Program, TaxConnex LLC worked closely with the … Read More

Thomson Reuters Provides Resources on Landmark South Dakota v. Wayfair Supreme Court Decision

Thomson Reuters Provides Resources on Landmark South Dakota v. Wayfair Supreme Court Decision

Thomson Reuters has launched a comprehensive South Dakota v. Wayfair Resource Center offering insights on the landmark Supreme Court sales tax case. The Resource Center provides an in-depth analysis of the Supreme Court decision; a client letter; an infographic; three complimentary Checkpoint special reports: 1) Nexus Considerations in a Post-Wayfair World, 2) Navigating the “Kill … Read More

Thomson Reuters Presents Comprehensive Analysis of Qualified Business Income Tax Deduction

Thomson Reuters Presents Comprehensive Analysis of Qualified Business Income Tax Deduction

Thomson Reuters Checkpoint Catalyst has released its analysis of the new IRC Section 199A qualified business income deduction, one of the most talked about provisions enacted by the Tax Cuts and Jobs Act (TCJA) of 2017. IRC § 199A allows non-corporate owners of sole proprietorships, S corporations, and partnerships a deduction of up to 20% … Read More

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

By Sarah Horn (J.D., Editor, Checkpoint Catalyst), Jill McNally (J.D., Editor, Checkpoint), Rebecca Newton-Clarke (J.D., Senior Editor, Checkpoint Catalyst), and Melissa Oaks (J.D., LL.M., Managing Editor, Checkpoint Catalyst) On June 21, 2018, the U.S. Supreme Court issued a decision in South Dakota v. Wayfair, 1 overturning the physical presence standard espoused in Quill v. … Read More

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

The United States Supreme Court today overturned two and a half decades of sales and use tax jurisprudence in South Dakota v. Wayfair, ruling the physical presence standard established in Quill v. North Dakota 2 "unsound and incorrect" and remanding the case to the South Dakota Supreme Court for further proceedings. … Read More