Thomson Reuters Announces Termination of Corporation Tax Software License and Distribution Agreement with Sage
Digita Corporation Tax Advanced/ONESOURCE Corporation Tax Delivers Continuity and an Identical User Experience
LONDON, September 8, 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 or click here 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.”
About Digita Software
The Digita Professional Suite is an award winning UK tax and accounting software platform provided by the Tax & Accounting business of Thomson Reuters, the leading provider of technology and information solutions. The Tax & Accounting business of Thomson Reuters has more than 4,000 employees across the United States, Europe and India and is the industry leader in software and web-based products and services, providing solutions for professional firms in the areas of tax and accounts compliance, practice management and the provision of client services. For more information please visit www.digita.com
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets powered by the world’s most trusted news organisation. With headquarters in New York and major operations in London, Singapore and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to www.thomsonreuters.com
Public Relations Carolyn Gordon-Smith
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