ONESOURCE
Compliance and reporting made easy with powerful data management solutions
Energize your direct tax processes with better control over your data
Tax compliance is becoming more complex by the day. With the regulatory tax landscape changing rapidly in the U.S. and across the globe, tax teams need to achieve compliance as well as create actionable, insightful reports for decision makers across the business.
The tax authorities driving these changes use sophisticated technologies to check that they are meeting compliance requirements. Tax departments that still depend on manual processes to carry out compliance and reporting won’t be able to keep up. When resources are strained, the risk of non-compliance increases.
With technology to automate tax data management, your tax team can spend less time finding the right data before they can begin their tax work and more time meeting ever-changing reporting obligations to stay compliant. But data management technology can do much more — it can give your business a strategic advantage. With powerful data management tools from Thomson Reuters ONESOURCE, your tax department can not only take control of compliance requirements but also leverage the power of your company’s data to provide business insights and tax planning strategies that add value to your organization.
Simplify direct tax compliance and reporting
Experience seamless corporate tax compliance with ONESOURCE Income Tax. Our innovative platform ensures regulatory adherence while streamlining tax return access and completion. With robust security and centralized administration, ONESOURCE Income Tax empowers you to navigate complex regulations efficiently.
Close faster, file earlier, and free up time to grow your business with a robust calculation engine. Generate precise corporate tax estimates in seconds and enjoy simple data collection and detailed reports in multiple formats. Future-proof your tax workflow management process with faster access to your data.
Manage tax-planning activities across multiple states with this intuitive web-based solution. Plan scenarios to quantify the impact of proposed legislation and remain compliant. ONESOURCE State Apportionment integrates seamlessly with ONESOURCE Income Tax and ONESOURCE Tax Provision to ensure data integrity.
With ONESOURCE, tax departments can gain control and governance over compliance and reporting processes
Go beyond compliance and help your tax team become a business driver. Improve data accuracy and gain total control over reporting with a right-size solution that supports your operational model.
Transform your tax department
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Achieving precise and well-structured tax provision has become an imperative goal for tax professionals in today’s environment where tax regulations and compliance requirements are in a constant state of flux.
Tap the power of tax data management
Robust tax data management is essential to streamlining your tax planning, provisioning, and compliance processes. Moving beyond manual data operations means integrating enterprise databases and real-time data, eliminating time-consuming data work and freeing up your team to add value to your organization.
Easily access and transfer data from all your ONESOURCE applications and third-party tools with a centralized tax data repository. Drive higher-level analysis and leverage your data for planning and strategizing. Automated data management saves time and reduces the risk of manual error.
Optimize tax data with an integrated software solution to extract data easily for tax provisioning, compliance, and reporting. Save time by standardizing data from multiple sources in various formats. Use a familiar Microsoft Excel interface to enter the tax data you need.
Combine the power of ONESOURCE with Alteryx data science in order to connect your team’s business systems and third-party analysis tools without IT help. Gather data from multiple sources and quickly deliver clean, ready-to-use reports and analyses.
ONESOURCE is the only resource you need
Easily access your data with an integrated tax data system to gain greater efficiency across your direct tax process. With your data taken care of as part of automated and integrated processes, your team can easily manage regulatory changes and become a valued partner by providing meaningful insights to your business.
Let’s talk about how Thomson Reuters can help your business
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One of the biggest needs that ONESOURCE fills is providing the control and mitigating risk. It also helps with time management in terms of the reporting capability that tax provision has.
