When it’s time for your corporate financial close, time, accuracy, and efficiency are critical. With tax provisioning software, you speed up the process of reporting your company’s current and deferred income taxes for the current year. All steps are automated in a single, user-friendly platform. Thomson Reuters ONESOURCE Tax Provision software calculates corporate tax estimates in seconds, and lets you quickly review data with filtering and drill-down capabilities. Plus, you can easily move data from tax provision to other direct tax solutions, so you only have to enter it once. Automation during the tax provision process results in more efficiency across the tax lifecycle. Which means closing faster, filing earlier, and freeing up time to grow your business.

ONESOURCE Tax Provision Modern allows customers to easily forecast their Tax Expense so that it can be accurately reported on 10-K and 10-Q financial statements. The Tax Expense API specifically exposes the tax expense calculator, allowing your team to pull Tax Expense calculation components and totals from ONESOURCE Tax Provision Modern directly into your in-house application. This allows you to easily represent your tax expense data in the format and layout that best fits your business needs. Additionally, ONESOURCE Tax Provision Moden APIs avail over 450 provision calculations across multiple dimensions, like Datasets, Units, and Jurisdictions, providing millions of data points in real-time. These APIs enable you to do extensive analysis of your data, connect to 3rd party applications, and improve efficiencies throughout the tax provision process.