Calculate, track, and record taxable income for multi-state corporations

Your company may operate in multiple states, but you still have only one tax department — which means the more states you deal with, the harder it is to keep track of each state’s apportioned tax. Thomson Reuters ONESOURCE State Apportionment module helps your team handle data consistently and use standard calculation methods to streamline your entire process, from determining taxable income to filing. And our web-based software lets your team easily share information and log changes to make sure audits go smoothly.

Features

• Manage data consistently
• Leverage the power of automation to gather, calculate, and review state tax apportionment in one centralized system.
• Calculate instantly
• Determine apportionment for entities across your firm using pre-populated, yet customizable, tax rules.
• Make audits easier
• Keep an automatic audit trail of every change so your team can recall data, reports, and calculations at any time.
• Save time
• ​Eliminate countless hours spent gathering and reconciling data, checking for errors, and managing separate spreadsheets.
• Model and plan
• Use the modeling functionality to map out different scenarios and compare your tax liability for each.
• Integrate seamlessly
• As part of the ONESOURCE suite, State Apportionment works with our Income Tax, Tax Provision, and Estimated Payments software.