This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Thomson Reuters advertises income tax wizard 2009-11-13 14:32 ET - News Release Ms. Debbie Howard reports EASE FIN 48 AND SOX 404 COMPLIANCE AND SUBSTANTIATION CHORES;
INCOME TAX DEVELOPMENTS WIZARD HELPS TAX PROFESSIONALS AND CFOS AUTOMATE COMPLIANCE ACTIVITIES
Thomson Reuters Corp. is advertising its income tax developments wizard. Keeping track of changes affecting a company's uncertain tax positions is difficult and time-consuming. Administrative rules and regulations change, new court cases are decided and legislation is passed by congress, states, and foreign countries all potentially affecting a company's provision for a tax position. The tax and accounting business of Thomson Reuters has recently released the income tax developments wizard, which is available to subscribers of Checkpoint, the industry's leading research platform. The wizard makes the tax professional's work easier by automating the chores related to FIN 48 and Sarbanes-Oxley Act (SOX) Section 404 compliance. "Monitoring developments in court cases, rules and regulations related to uncertain tax positions is essential, because the company must make a provision against the possibility that the position will not be sustained if taken to court," explains Debbie Howard, director of product management for tax at Thomson Reuters. The remainder is available to Stockwatch subscribers.
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