Thomson Reuters has introduced ONESOURCE Sales and Use Tax AI, a cutting-edge software designed for US corporations and accounting firms to streamline sales and use tax compliance. This innovative tool aims to automate core aspects of tax processes, enabling tax teams to reclaim valuable time, mitigate audit risks, and enhance efficiency. With features such as data import, validation, and tax return mapping, the tool supports compliance for over 19,000 US jurisdictions and includes access to more than 1,200 official tax returns.
Additionally, it allows for electronic filing in 33 US states and Canada, minimizing manual submission challenges. The application, part of Thomson Reuters’ ONESOURCE+ intelligent compliance network, promotes a reimagined tax function, allowing professionals to focus on strategic business tasks. Delivered as a cloud-based service, ONESOURCE Sales and Use Tax AI ensures automatic monthly updates, helping businesses stay compliant with the latest tax rates and regulations.
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