EASILY ACCOUNT FOR EVERY ASPECT OF YOUR GLOBAL
TAX RESERVE

Stay compliant in this constantly changing worldwide tax environment. Because the Internal Revenue Service requires most corporate taxpayers to file a Schedule Uncertain Tax Positions report, it's more important than ever to stay compliant, reduce risk and increase oversight when accounting for uncertainty in income tax. Replace spreadsheets and decrease risk with a solution that offers certified calculations, process controls, and time-saving automation.

ONESOURCE Uncertain Tax Positions is a flexible and secure web-based application that helps you track and manage all of the reports and workflow necessary for tax contingencies for each uncertain tax position. Mitigate the risk of mismanaging or restating your tax reserves by taking advantage of the full audit trail of ONESOURCE Uncertain Tax Positions.

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ONESOURCE UNCERTAIN TAX POSITIONS BENEFITS

Risk Reduction

Reduce Risk - Satisfy the requirements of your auditors and regulatory bodies

Meets the measurement of uncertainties under ASC 740-10-50 (FIN 48) and IAS 37
Eliminates the errors related to manually reporting your global tax reserves
Offers system controls for improved management by locking down data, limiting user access, and tracking user changes
Provides user assignment rights, system audit trails, and supporting documentation

Time Savings

Save Time - Avoid having to manually recalculate interest and tax movements as you maintain the inventory of positions over time

Provides updated quarterly rates to calculate interest for United States federal and state, Canada and provinces, and the United Kingdom, as well as user-defined rates for other jurisdictions
Computes your tax, tax benefit, effect of foreign currency, interest and penalties and manages the impact of rate changes on the positions automatically
Calculates accurate interest and penalties on federal income taxes, and calculates interest in state income taxes through our partnership with TimeValue™'s TaxInterest

Control

Maintain Control - Identify and track all uncertain positions in a central location

Gives users increased control and oversight over unit status, along with the ability to easily maintain the inventory of positions with the Unit Signoff tab
Tracks domestic, state, foreign, and other jurisdictions' uncertain positions over time with all relevant documentation
Provides disclosures with a built-in documentation database
Report and disclose position by year, type of position, entity jurisdiction, expiration date, or any other user-defined grouping