ONESOURCE Corporate Tax uses advanced technology to prepare, review and file corporate tax returns with total accuracy, every time. Built on the trust and experiences of Big Four firms and hundreds of leading corporations for over thirty years, stay ahead of changing regulations and file compliant returns from wherever you are working.

Tomorrow’s tax landscape is uncertain. With Making Tax Digital on the horizon, you need robust corporate tax return software to ensure your organization remains compliant with ever-changing rules and regulations. Thrive under increased pressure from the authorities and better evaluate exposure and risk with accurate and transparent reporting. Give greater flexibility to your tax department by building an end-to-end compliance process that can be tailored to suit your organization. Import data from multiple sources and carry out accurate tax accounting and multi-trade compliance calculations with ease. With ONESOURCE Corporate Tax, you’ll have complete confidence you’re always using the very latest information, using the very latest technology.

Key Benefits

• Efficient processes – Drive efficiency in your compliance process with advanced data technology; simple e-filing and automated electronic tagging free up time for thorough analysis and value-add activities.
• Robust content – Rely on trusted content developed by our highly experienced in-house team, which is updated automatically via the cloud, so you always have the latest legislation.
• Easy compliance – Stay ahead with expert tax content and nimble cloud technology. Automate calculations and generate tax returns and pre-configured income tax notes, with the flexibility to cater for your group structure. Give your team the edge with streamlined tax dataflows and powerful integration and reporting tools.
• Connectivity – Have the freedom to build a safe and secure tax process that works for you, using API enabled software which allows effective interaction with your existing systems.

Scenarios

Tax return preparation process flow and data extraction in ONESOURCE Corporate Tax

ONESOURE Corporate Tax provides a list of APIs, which allow customers to integrate their systems to prepare corporate tax returns, import/retrieve data and perform modifications to the data exposed. These APIs range from the initial step of creating a reporting entity and tax returns for the reporting entities, to the last step of E-Filing the tax returns for compliance and/or retrieving the data for additional analysis.

1. 1Create reporting entities.
2. 2Create tax returns.
3. 3Create chart of accounts.
4. 4Create mappings.
5. 5Import trial balance and transactional Data.
6. 6Extract reportable data for additional analysis.
7. 7E-File tax returns.

Image showing steps to generate tax returns in ONESOURCE Corporate Tax using APIs.