Thomson Reuters is expanding its Tax & Accounting business internationally with the planned launch of what it calls the OneSource Global Tax Workstation, following a reorganization that reflects its intention to tax what has been largely an American operation into other countries.
The plans for the workstation have been mentioned in the company's financial results for 2009. However, other than saying the application would debut this year, Thomson said little, other than the new OneSource offering combines functions from Sabrix and Abacus, which it acquired last year. Abacus provides corporate income tax products to customers in New Zealand, the United Kingdom, the Netherlands, Ireland and Hong Kong, and VAT software for 19 countries in Europe and the Asia-Pacific region. Sabrix provides transaction tax software and services.
In February, the company implemented a reorganization of Tax & Accounting that elevated Jon Baron, who has run the operations in Dexter, Mich., that produced the CS Professional Suite, to the position of president, Americas, Workflow & Service Solutions. That reflected the redistribution of resources that had been divided along the lines of software and resources into two new units.
Falling under Baron are the CS Professional products, such as UltraTax CS and FileCabinet CS, the Enterprise Suite products including GoFileRoom and GoSystem, the MyPay Solutions payroll service bureau operations, corporate income tax and OneSource Information Reporting, which offers 1099 services. Most of the operations had previously fallen under the Corporate and Professional Software & Services organization.
The other unit, formerly known as Research & Guidance has been renamed Business Compliance & Knowledge Solutions and has responsibility for the Checkpoint research platform and related products such as the PPC line.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
