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September 5, 2014

Thomson Reuters — ONESOURCE Indirect Tax, Sales & Use Managed Services

888-885-0206 http://onesource.thomsonreuters.com/indirect-tax/   2011 Overall Rating 5   Best Fit Mid-sized and larger enterprises with significant sales tax liability exposure across a large number of jurisdictions who want to automate rate management and outsource compliance functions. Strengths Complete tax lifecycle management from tax determination to returns preparation & remittance Automated rate lookup & application Hands-free/hassle-free... Read more »

Isaac M. O'Bannon

888-885-0206

http://onesource.thomsonreuters.com/indirect-tax/

 

2011 Overall Rating 5

 

Best Fit

Mid-sized and larger enterprises with significant sales tax liability exposure across a large number of jurisdictions who want to automate rate management and outsource compliance functions.

Strengths

  • Complete tax lifecycle management from tax determination to returns preparation & remittance
  • Automated rate lookup & application
  • Hands-free/hassle-free compliance
  • Full integration into accounting system
  • Strong reporting & management tools
  • All U.S. & Canada jurisdictions

Potential Limitations

  • Designed for single business entity
  • Designed for mid-sized to large enterprise; higher price point

Executive Summary & Pricing

ONESOURCE Indirect Tax, Sales & Use Managed Services is designed for small to mid-sized and larger enterprises with significant sales tax liability exposure across a large number of jurisdictions. By integrating with the business’ accounting systems to automate lookup and application of appropriate taxes and rules, the system provides greater accuracy than manual application. Likewise, the outsourcing of compliance functions, including filing and payment to all jurisdictions, reduces tedious and penalty prone processes for the business. System pricing depends on annual transaction volume, number of returns per month and number of legal entities, and generally starts around $10,000. ONESOURCE Indirect Tax also offers a Managed Services Tax Pack where clients get tax determination, compliance and returns, and expert consulting services all for one bundled price.

Product Delivery Methods

_X_ On-Premises

_X_ SaaS

_X_ Hosted by Vendor

 

Basic System Functions 4.5

Compliance Capabilities 5

Integration/Import/Export 5

Help/Support 5

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Isaac M. O'Bannon

Isaac M. O'Bannon

Managing Editor

Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies. . Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy groundforces veteran (never a SEAL). Email: isaac.obannon - @ - cpapracticeadvisor.com . Isaac OBannon 2019 Cropped Small Headshot