Thomson Reuters
Thomson Reuters is a leading provider of business information services. Whether you’re a large, enterprise, or SMB company you can rely on innovative, information-enabled software & tools combined with the world’s most trusted content from Thomson Reuters. We help you excel at what you do every day. Founded in 1851, Thomson Reuters is headquartered in Toronto, Ontario Canada with over 25,000 employees located globally. With an estimated revenue of $6B, Thomson Reuters serves 150+ markets globally, encompassing customers from Fortune 100, Global 7, and top 100 CPA firms.
ONESOURCE Indirect Tax Determination
Automate manual, repetitive work from your sales process, allowing you to focus on delivering value to your growing business. Built on native cloud technology, ONESOURCE Determination automatically calculates sales tax on transactions with accurate rates and taxability applied. Backed by trusted content, customers have access to tax information without worrying about manually researching tax law changes or paying large fees.
Expanding into additional states and countries or adding new products? As that complexity grows, so does the time to address it. ONESOURCE Determination has the most up-to-date content with real-time updates as regulations change across various product categories.
Capabilities
AUTOMATED TAX CALCULATION
Accurately determine indirect taxes on sales, purchases, or inventory movement without errors or downtime.
TRUSTED TAX CONTENT
The most categories, global accuracy, backed by certified processes, supporting complex markets.
EXEMPTION CERTIFICATE MANAGEMENT
Streamline certificate management with reminder notifications and reporting, plus customer update portals.
ONESOURCE Indirect Tax Compliance
Streamline tax compliance process with real-time tax rates and rules, customizable tools, and support for e-filing — plus powerful data reconciliation, adjustment, and reporting capabilities. You can choose federal, state, county, city, or district to meet the unique needs of your business.
For global companies, ONESOURCE Indirect Compliance automates value-added tax (VAT), goods and services tax (GST), sales tax, excise taxes, and other international tax returns and statutory filings. This single, centralized solution aids a move beyond complex, country-specific spreadsheets to help you stay compliant wherever you do business internationally.
Capabilities
CENTRALIZED DASHBOARD
Comprehensive overview of the tax compliance process, including real-time and audit adjustments.
DIGITAL REPORTING
Meet new and prevalent digital tax reporting requirements for SII, SAF-T, and more.
GLOBAL TAX EXPERTISE
Trusted content from thousands of authorities and experts, certified to SSAE18, ISAE3402 standards.
ONESOURCE Exemption Certificate Management
Managing sales and use tax exemptions in multiple states can get complicated — missing, incorrect, or invalid sales and use tax exemption certificates can slow down sales and inflate tax assessments, or even trigger audits and costly penalties. Thomson Reuters ONESOURCE Certificate Manager manages the accurate tracking and validation of sales and use tax exemption certificates. It optimizes the certificate management process by increasing the efficiency of collection, validation, and reporting on sales and use tax exemption certificates.
Capabilities
CUSTOMIZED REPORTING
Extract tax reporting data and export certificate images with customizable reports, to better respond to audit requests and disputes.
BUILT-IN TAX EXEMPTION FORMS LIBRARY
Streamline research with our library of more than 300 current and historic indirect tax forms.
TIMELY NOTIFICATIONS
30-day expiration countdown reminder that assists in notifying customers to update exemption certificates, keeping compliance files current.
Demo
What is a tax engine?
As a company with financial transactions, you face challenges in an uncertain time – especially when it comes to your tax compliance processes. Your goal is to scale up confidently & quickly, stay tax compliant, and improve accuracy on tax calculations for sales and use tax and so much more. A tax engine is a software that keeps you on top of sales and use tax laws, as well as international regulations such as VAT and GST. It ensures that tax is correctly calculated and applied to your business transactions.
Support Materials
ONESOURCE Sales Tax Compliance Brochure
The industry standard for sales and use tax and GST compliance.
Compliance Starts at the Invoice
Three important aspects of why your tax compliance process should start at the invoice.
ONESOURCE Indirect Tax Compliance Brochure
Go beyond borders with fully automated VAT and GST compliance.