Thomson Reuters Announces Termination of Corporation Tax Software License and Distribution Agreement with Sage

08 September 2014

Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, today announced that an agreement permitting Sage to license and distribute Thomson Reuters’ Corporate Tax Software powered by ONESOURCE product was terminated September 7, 2014.

For accountancy practices affected by this change, the product will continue to be available from Thomson Reuters as Digita Corporation Tax Advanced powered by ONESOURCE. For other affected businesses, the software is available as ONESOURCE Corporation Tax. In each case please telephone 08450 180 906 for sales information. The solution will provide all the same features and an identical user experience plus enhanced management reporting, allowing practices and businesses to continue using software they are familiar with. It incorporates the same ONESOURCE corporation tax engine so no conversion of data or retraining is necessary.

This market leading ONESOURCE software engine helps hundreds of accountancy practices of all sizes — and more than 400 large multinational corporations including 50% of the FTSE 100 — manage ever-changing tax compliance requirements in the United Kingdom, Ireland, Netherlands, Hong Kong and New Zealand. Transparent architecture, clickable cross-references, cross-checking and reconciliations provide customers with the assurance that computations have been prepared correctly and that the risk of error has been mitigated.

Demands around corporation tax compliance are increasingly complex in today’s changing regulatory environment and the continued use of ONESOURCE gives firms and businesses the confidence that their tax processes are robust, accurate and reliable. The leading accountancy firm, Price Bailey, has been using the solution for four years.

"Digita Corporation Tax Advanced is the one application that can do everything. The tax computation can be as simple or as complicated as you like,"
comments Louise Fox, tax manager.

Andrew Flanagan, managing director of Digita, comments:

"Digita Corporation Tax Advanced is the natural solution for accountants who want to minimise disruption and continue using corporation tax software that is powered by ONESOURCE. Our customers benefit from excellent support from a team that continually strives to deliver the highest levels of service and functionality and from integration of the product with the Digita Professional Suite."

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