Press Release Details

NEW YORK, Nov 11 /PRNewswire-FirstCall/ -- The Tax & Accounting business of Thomson Reuters recently released ONESOURCE State Apportionment planning on its industry-leading Checkpoint® online platform.

"Tax professionals typically spend hours manipulating and maintaining spreadsheet-based models for state tax planning," said Debbie Howard, director of Product Management for Tax at Thomson Reuters. "ONESOURCE State Apportionment planning offers a flexible, automated, integrated solution for producing multiple 'what if' scenarios, so tax professionals can spend more time on value-added analysis and decision-making."

Data from compliance software can be imported into ONESOURCE State Apportionment planning to model scenarios based on various tax-related changes including: organization restructuring, filing type, legislation, forecasting income, rates, and apportionment. The planning tool also tracks all changes and maintains a historical version of each scenario, providing a comprehensive audit trail.

Licensed Checkpoint subscribers can seamlessly access ONESOURCE State Apportionment planning through the Tools tab. Checkpoint offers a complete online tax and accounting research system that includes expert analysis from RIA, PPC, and WG&L; primary source materials; productivity tools; news alerts; and links to compliance software.

"We're excited to introduce ONESOURCE State Apportionment planning as part of our integrated Checkpoint solution, added Howard. "This is another example of our commitment to help our customers reduce tax risk, make informed decisions, increase effectiveness of operations, and save time."

Additional information can be obtained by visiting http://ria.thomsonreuters.com/OSA or calling 800-950-1216.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.

SOURCE Thomson Reuters

Ruth Ann Baker (U.S.), Public Relations of Thomson Reuters, +1-972-250-7438, ruth.ann.baker@thomsonreuters.com