Compliance

The concept of compliance lies at the heart of the job of the corporate tax department. The ONESOURCE™ Tax Provision solution provides the flexibility to accommodate all your compliance needs, including review by tax authorities, securities boards, and auditors. ONESOURCE™ Tax Provision can be easily configured to fulfil a variety of reporting requirements.


  • Tax Accounting - ONESOURCE™ Tax Provision was originally built as a tax accounting solution for the Big Four and multinationals that needed a powerful tool for their complex tax provision needs. It continues to be the industry standard.
  • IAS12 - ONESOURCE™ Tax Provision’s provision is used by a number of clients who file under IFRS. As global convergence approaches, an increasingly large number of clients are calculating their income tax expense according to IAS 12.
  • ISR, FRS19, CICA 3465, AASB 112 - Because ONESOURCE™ Tax Provision provides a universal platform to calculate income tax expense, it can be used for a variety of different rules and statutory requirements. ONESOURCE™ Tax Provision allows tax provision calculations according to IFRS, US GAAP, and other local GAAPs.
  • Uncertain Tax Positions - ONESOURCE™ Tax Provision's uncertain tax module documents, manages, and analyzes your uncertain tax positions, and does the necessary tax accounting to satisfy your reporting and planning needs.
  • Financial Reporting - Satisfy tax requirements for Financial Reporting. Generate your annual and interim tax notes and manage your deferred assets and liabilities, effective rate, and tax expense, all from one central tax data warehouse.
  • Estimates and Extensions - Compute your estimated payment and extension amounts by reusing the provision data and adding other components like minimum and franchise taxes.
  • Return System Integration - Has the capacity to send book-tax differences from the provision to populate the return information.
  • Tax Liability Tracking - Track, manage, and document your taxes payable roll forward, by transaction type, entity, and period.
  • Management Reporting - Generate detailed reports on tax expenses, unused tax losses, and other deferred tax attributes at the click of a button, formatted to the requirements of your own internal management needs.