2010 ONESOURCE User Conference Attracts Over 1,200 Key Influencers in Corporate and Trust Tax
(Thomson Reuters ONE) -
250 sessions updated attendees with latest global industry regulations,
standards, and cutting edge technology
NEW YORK, Nov. 10, 2010- Globalization was an over-riding theme at the Thomson
Reuters 2010 ONESOURCE User Conference last week in National Harbor, Md. More
than half of the 1,200 attendees at this year's conference work for global
companies that need solutions to meet their local and international tax needs.
With a commitment to help users deal with related legislation and standards
compliance, as well as work efficiency challenges, Thomson Reuters announced its
ONESOURCE global tax workstation at the opening of the conference.
A sample poll among users at the conference demonstrated the tax profession is
facing major challenges in 2011, including the growing array of laws and
regulations -- both local and international, multi-national company e-filing,
complexities of foreign trusts, and workflow efficiencies. More than just a user
conference, the ONESOURCE user conference offered insightful sessions on those
critical topics as well as other industry challenges such as dealing with the
Foreign Account Tax Compliance Act for identification of U.S. owned foreign
entities, Cost Basis Reporting legislation for trusts, Health Care Act's
elimination of corporate exemption for 1099 Misc reporting, IRS requirements for
e-filing returns, and International Financial Standards.
"The tax and accounting industry is witnessing a dramatic increase in regulatory
complexity and a focused effort by corporations to broaden their borders
internationally to remain competitive," said Brian Peccarelli, president of
Workflow & Service Solutions for the Tax & Accounting business of Thomson
Reuters. In his opening presentation, Peccarelli announced the new ONESOURCE
global tax work station, which addresses these two major trends, by integrating
worldwide corporate tax compliance software with the strength of local tools and
expertise. "Our vision is continued expansion and evolution of our global
ONESOURCE suite, as part of our commitment to provide our customers with the
most powerful tools to manage the ever-changing regulatory environment in the
most efficient way possible."
In addition to the ONESOURCE announcement, other notable announcements and
updates at the conference included:
* The new ONESOURCE Certified Implementer Program, which provides firms with a
broader range expertise in the ONESOURCE solutions their clients use. Five
of the largest top accounting firms are now part of this program.
* New ONESOURCE Indirect Tax product line comprised of Sabrix sales & use,
Abacas (VAT for UK, Ireland, and the Netherlands), and ONESOURCE sales & use
offerings.
* New Tax Information Reporting product line, which includes Identity for U.S.
compliance for foreign entities and ONESOURCE 1099 offerings.
* ONESOURCE Trust Tax upgraded to accommodate IRS cost basis reporting
requirements, which begin in 2011.
* ONESOURCE Calendar expanded with statutory due date content for 51 countries
with additional countries to be added in 2011.
Conference attendees heard from 40 industry experts from organizations such as
the IRS, Ernst & Young, BNA, Deloitte, KPMG, Sungard, and COKALA. Breakout
sessions covered the Checkpoint platform, International Income Tax Compliance,
Domestic Income Tax Compliance, Corporate Workflow Tools, Tax Information
Reporting, Tax Provision, Property Tax, Indirect Tax, Transfer Pricing, and
Trust Tax. Attendees could choose from among 250 sessions to earn up to 19
continuing professional education credits hours over three days of intensive
learning.
For more information on ONESOURCE, visit http://onesource.thomsonreuters.com.
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. For more
information, go to www.thomsonreuters.com.
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. Headquartered in New
York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad,
London, Sydney, and Toronto. For more information, go to
http://thomsonreuters.com/products_services/taxacct/.
CONTACT
Ruth Ann Baker
Public Relations
972-250-7438
ruth.ann.baker(at)thomsonreuters.com
[HUG#1460681]
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2010 - 16:32 Uhr
Sprache: Deutsch
News-ID 48633
Anzahl Zeichen: 6135
contact information:
Kategorie:
Business News
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