OnesourceTm. sales & use tax Software. tax & accounting

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1 OnesourceTm sales & use tax Software tax & accounting

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3 In an area as demanding and volatile as sales and use tax, keeping up with the hundreds of changes each month to tax returns, tax rates, and tax law can be both frustrating and a real drain on departmental resources. Let Thomson Reuters help. You can get everything you need to manage the process most efficiently with ONESOURCE Sales & Use Tax. We bring you the finest line of sales and use tax compliance products, which enables you to better manage your entire compliance process: Returns (ONESOURCE Sales & Use Tax) Rates (ONESOURCE Sales & Use Tax Rate Subscription Service) Research (Checkpoint ) onesource Sales & Use Tax By automating the sales and use tax compliance function, our customers consistently achieve a significant reduction in time and effort required to complete their compliance function each month. This provides opportunities for your staff members to perform more meaningful tasks like planning, research and audit preparation. ONESOURCE Sales & Use Tax is a full 32-bit Windows-based system that defines the industry standard for functionality and return coverage. It operates in both a stand-alone and file server environment and also runs on popular operating systems like Windows XP and Windows Vista. Monthly product updates are distributed via CD- ROM or the Internet. Comprehensive Returns Coverage ONESOURCE Sales & Use Tax currently supports over 580 different sales, consumer s use, seller s use, rental and leasing returns, including: 200+ state administered returns in the 46 applicable states and the District of Columbia local returns in the states of Alabama, Alaska, Arizona, Colorado, Idaho, Illinois, Louisiana, Minnesota, Mississippi and Vermont industry-specific food & beverage returns in 20 states. Canadian returns for revenue in Canada (GST/HST), British Columbia, Manitoba, Ontario, Quebec, Prince Edward Island and Saskatchewan. Electronic Data Interchange (EDI), extensible Markup Language (XML) or Internet return capabilities for more than 60 state and local returns in 19 states. All tax returns and required schedules are exact facsimiles of the official forms (not poorly designed replicas or workpapers), and our customers report almost universal acceptance by the taxing authorities. No other available system can match the broad return coverage exclusively available with ONESOURCE Sales & Use Tax. Organizer The Organizer area of ONESOURCE Sales & Use Tax provides a central area to set up and maintain your company and taxpayer information for the jurisdictions where you are licensed and required to file tax returns. Also included in this area are screens giving you the capability to customize check request forms that print with your tax returns each month, along with a centralized location for your prepayment information.

4 Flexible Data Sourcing ONESOURCE Sales & Use Tax was designed with flexible data sourcing capabilities to accommodate virtually any type of source data used to prepare your tax returns. It offers numerous forward and back calculation methods to calculate returns from gross, exempt, taxable, and/or tax amounts, depending on your preference and the availability of accurate data. Most companies have different types of transactions, and store their transaction data differently. ONESOURCE Sales & Use enables you to enter data in a variety of ways to match your style: Import data from any financial system via a properly formatted ASCII file. Manually enter summarized transaction data on input screens you customize. Import data from spreadsheet or database software files saved in standard system format, *.PRN format, or *.XLS format. Manually enter this same information directly onto screens resembling the actual returns. Import easily from current and legacy versions of front-end tax calculation packages via a formatted ASCII file. You can use one or any combination of these available methods to completely collect your source data. Based upon options you select with each method, ONESOURCE Sales & Use Tax then prepares all your returns and related schedules. Virtually any type of source data can be used to prepare your returns. ONESOURCE SALES & USE TAX

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6 Return Preparation The following capabilities of ONESOURCE Sales & Use Tax further streamline return preparation: Batch processing of returns for multiple companies or business segments, allowing the system to run unattended and enhance productivity. Complete outlet reporting for dozens of states and local jurisdictions. Preparation of required schedules or reports based upon jurisdictional requirements. Rounded dollar amounts on the returns based upon jurisdictional requirements. Automatic generation of zero returns to help eliminate penalties for failure to file during seasonal or intermittent operations. Full scan line support to ensure due return acceptance. Automatic generation of electronic returns with full Department of Revenue diagnostic support. Return Review, Preview, and Printing After all source data is entered into the system, returns can generally be computed in minutes. Computed return results appear onscreen, facilitating quick review of the results. Any number or field on a return can be changed or overridden during the review process, and the results are computed in seconds. ONESOURCE Sales & Use Tax s Print Preview feature allows an onscreen view of tax returns before they are printed. All return information (including general company information, scan lines and return figures) is displayed on the graphical image of the form. Once finalized, returns and check requests are ready to be printed. The flexible printing feature of ONESOURCE Sales & Use enables the user to print single and multiple returns for the current period as well as any prior filing period. You may also choose to print specific pages of a multi-page return. Returns are printed on exact facsimiles of the official forms and are only a signature away from being filed. Reports Reports in ONESOURCE Sales & Use Tax provide extensive management review and analysis capabilities and the time to use them is before your returns are filed. For example, the Tax Due Report will list the total tax due, any applicable discounts, any assessed penalties and interest, net tax due, and the amount of the check by return name. These professional tools help to perfect your returns and enhance your return preparation process. ONESOURCE Sales & Use Tax also creates detailed managment reports by state and by company, allowing you to analyze your tax information at all levels. You can create custom reports, exporting data in either ASCII, XML, HTML, PDF, CSV, TXT, RTF, Access, Excel, and Word format. Exported data can then be transferred to other financial systems to electronically generate checks and EFT/ACH payments and to create journal entries for your tax payments. Administrative Features In addition to preparing tax returns and various reports, ONESOURCE Sales & Use Tax steamlines administrative tasks such as generating laser-printed labels, managing resale and exemption certificates, and researching. Direct access to ONESOURCE Tax Calendar is also available, enabling you to manage and track return and payment deadlines for your department. You can also directly access e-form RS, our form fill-in system for jurisdictional specific forms for taxpayer registration, exemption and resale certificates, and refunds. Comprehensive Implementation, Training & Support To ensure you get the most from your investment in ONESOURCE Sales & Use Tax, our implementation experts are available to work with your tax professionals to implement the ONESOURCE Sales & Use Tax software in a way that best fits your unique situation and business objectives. We also offer comprehensive hands-on training workshops for both new and experienced users. Workshops are offered at our state-of-the-art training facillity in Dallas. Additionally, we make training convenient by offering hands-on workshops regionally, throughout the United States. Our professional trainers will also come to your facility to provide dedicated, on-site training for your staff. Web seminars on important topics, such as batch processing and electronic filing, are offered every month to maximize your tax department s effectiveness with ONESOURCE Sales & Use Tax. Thomson Reuters offers a variety of support services for all our products, including toll-free telephone support and an annual user s conference. Whether you call or support questions, a complete file is maintained on each case. You simply select the case in question, and you re provided with a complete history of how your question has been resolved. The site also contains software updates, product documentation, the latest news, event dates, and tips and tricks for the new or experienced user. In every aspect of implementation, training and support, our specialists are comprised of CPAs with industry experience and technology experts with a wide range of specialized skills.

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8 In addition, we also offer hands-on training for the year-end rollover process. This process is completed at the close of each calendar year to provide you with pertinent system updates and supports a seamless transition into the new year. Checkpoint In today s dynamic economic climate, you need a research service that cuts through the clutter to give you the information you need. In minutes, not hours. This is what State & Local Tax Research on Checkpoint is all about. The State & Local library in Checkpoint is a comprehensive Internet-based research system that helps to answer all of your state tax questions. Checkpoint keeps you attuned to the recent developments. You ll also receive daily reports of important updates through Tax Analysts State Tax Notes and insightful articles as well as our newsletter. Your library will begin with State & Local Taxes. State & Local Taxes Complete coverage State & Local Taxes on Checkpoint gives you more state and local tax information than any other research service. It reports full text of state tax statutes, regulations, cases, rulings and other official material for all jurisdictions. Our editorial materials offer concise explanations and annotations, with seamless linking to supporting source documents. Fast, easy searching Our unique State Search Wizard makes Checkpoint remarkably easy to use. The Wizard saves you time by helping to streamline your search and eliminates any time wasted reading irrelevant materials. Results are displayed in table of contents fashion to make it even easier to pinpoint the desired answer. State specific searching The Wizard offers state-specific citation templates for all jurisdictions, so it s easy to find a specific document in any state. onesource Sales & Use Tax Rate Subscription Service Possibly the most difficult task in sales and use tax compliance is maintaining the constant and numerous changes to thousands of tax rates currently in effect, as well as new rates resulting from recent legislation. The ONESOURCE Sales & Use Tax Rate Subscription Service is the reliable solution for maintaining accurate and up-to-date sales and use tax rates within your company s various financial systems. The ONESOURCE Sales & Use Tax Rate Subscription Service includes the following: Over 102,000 5-digit zip rate and 350,000 4-digit zip rate records containing 40,000+ sales, seller s use, consumer s use, service and rental tax rates. Rates for more than 7,500 jurisdictions in the U.S. and Canada. Current and prior rates at the state, county, local and transit levels. Information updated monthly via the internet or CD-ROM. Our comprehensive research ensures the highest possible level of accuracy with the ever-changing nature of rates. And since these rates are also used in all of our sales and use tax systems, you will benefit from the consistency of tax calculations both at the time when transactions occur and when the transactions are reported on tax returns.

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10 onesource Corporate Solutions Workflow - Software - Services - Consulting - Data Management - Research ONESOURCE INCOME TAX ONESOURCE PROPERTY TAX ONESOURCE ONESOURCE SALES & USE TAX ONESOURCE TRUST TAX Domestic & International Commercial Real Estate WorkFlow Manager Business License Management Trust Tax Services Federal & State Compliance Complex Property Tax Calendar Corporate Registered Agent Trust Tax Software 1099 Reporting Property Tax Compliance Data Exchange Sales & Use Tax Compliance Trust 1099 Solutions FAS 109 Telecom Regulatory Compliance Estate & Trust Administration FIN 48 Exemption Certificate Management Estate Planner Fixed Assets Tax Rate Subscription Court Accounting Global Tax Planning Provision Transfer Pricing Speed. Dependability. Teamwork. powered by OneSource onesource.thomsonreuters.com/salesanduse 2008 Thomson Reuters/ONESOURCE. All Rights Reserved. S&UTax_BR_9/08_quantity