RESEARCH AND PLANNING

Where to have lunch today? Small decision. Where to incorporate a new manufacturing plant? Big decision. The consequences for not making the right small decision are usually minor and fleeting. But the consequences for not making the right big decisions can have a lasting impact. And reliable information is critical to good decision making.

At Thomson Reuters, we've built our reputation on reliable, actionable information. From Reuters news service to Checkpoint to law books from WestLaw and beyond, Thomson Reuters has been the leader in the business of information for over 150 years. And this knowledge to act has never been more critical than it is today.

STATE AND GLOBAL TAX PLANNING SOLUTIONS

The days of "back of the envelope" planning, using years-old data and a few guesstimates, are over. An inordinate amount of time is consumed in setting up and updating spreadsheet models to plan multiple scenarios - time that could be better spent analyzing data to draw conclusions and make recommendations. The advent of technology solutions to perform tax planning and run hundreds, even thousands, of scenarios in seconds has changed the entire planning function. 

Thomson Reuters has multiple solutions to simplify and enhance corporate tax planning for state or global needs. Tax planning technology makes creating multiple scenarios easy and quick, provides an audit trail for all changes, and eliminates manual effort and dependence on spreadsheets, which can be difficult to update and manage.

State Tax Planning Solutions

• ONESOURCE State Analytics - The most powerful state tax planning tool available.
  • Designed for multiyear, multistate planning, audit analysis, and tax forecasting
  • Robust calculations, including iterative and comparative modeling
  • Provides more accuracy and complexity than Microsoft® Office Excel spreadsheets
  • Eliminates the need to re-key base data
  • Increases efficiency with built-in intelligence
    

ONESOURCE State Analytics can help you address the challenge of more and more states adopting rules decoupling from federal law. Armed with ONESOURCE State Analytics, you're able to understand what impact these new rules will have on your state tax liabilities because you no longer have to waste time gathering data and maintaining complicated spreadsheets.  Instead, you benefit from rapid access to relevant tax information, increased control of your projects, simplified record-keeping procedures, and greater confidence in your decisions.

• ONESOURCE State Apportionment planning - An online planning tool that enables you to quickly model "What-if" scenarios.
  
  • Restructuring
  • Filing methodology
  • Legislative changes
  • Rate changes
  • Apportionment changes

ONESOURCE State Apportionment’s embedded multitier partnership computations and rules for different state treatments eliminate the need for spreadsheet models.  Multitier ownership structures and calculations include multiple flow options (e.g. ownership, capital, income, etc.) by factor and state-specific treatment and flow rules for each partnership type (aggregate apportionment or post-apportionment allocation).  Multitiered flow reconciliation and ownership structure reports provide complete visibility into your analyses.

Global Tax Planning Solution

ONESOURCE Global Tax Planning provides specialized guidance and innovative solutions for tax and accounting professionals managing international tax issues. ONESOURCE Global Tax Planning provides an easy-to-use graphic interface, which includes links to underlying legal sources for total assurance. The system facilitates consistent, efficient, and accurate management of international tax issues across multiple entity structures (i.e. companies, partnerships), jurisdictions, income streams, and divisions.

CHECKPOINT

Checkpoint is a tax research system that combines the most trustworthy information available with the most powerful research tools on the market. Checkpoint provides unparalleled expert guidance, powerful research and workflow tools, and integration capabilities that have revolutionized tax and accounting. Checkpoint's blend of cutting-edge technology and editorial insight was developed by tax and accounting professionals for tax and accounting professionals.

Plus, a great advantage to users of Checkpoint and products from the ONESOURCE suite is that with our single sign-on technology, you're able to log into Checkpoint at the same time you're logged into ONESOURCE Income Tax or other ONESOURCE products. No more being overwhelmed with the number of different passwords you need to remember. Log in once to ONESOURCE and you don't need to keep entering a separate password, reducing the number of logins to keep track of.

Learn more about Checkpoint.