Tax Provision


Tax Provision

Close faster & file earlier

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Automate tax provisioning to achieve accuracy and speed


During the financial close, corporate tax professionals often find themselves racing against time to deliver accurate, real-time tax provisioning. However, there is now a way to achieve smoother, faster processing of financial close and tax returns.

Thomson Reuters’ ONESOURCE™ is a connected, easy-to-use tax provisioning platform that enables corporates to accomplish their direct tax obligations quickly and confidently.  The platform eliminates dependency on unstructured spreadsheets and manual efforts. Furthermore, it enables corporates to deftly handle the increasingly complex needs of a growing organization.

Speed up financial close with ONESOURCE

Thomson Reuters ONESOURCE™ Tax Provision helps tax departments review provisions faster than ever and analyze data in seconds. Instead of entering data multiple times, users can easily transition data from provision to other direct tax obligations.

Deliver tax provision for India quickly and precisely.

Achieve accuracy and speed by leveraging ONESOURCE™ Tax Provision to collect the right information, compute accurate tax accruals, and produce reports and work papers that support the amounts that were booked.

Tax reporting in the group was already well developed and we were totally involved in tax provisioning. However, now that we are using the ONESOURCE Tax Provision solution, it is possible to manage the whole group more efficiently

Raymond van der Hoek,
Tax Manager, LeasePlan.