Thomson Reuters announces a partnership and integration of its indirect tax solutions with Armanino LLP, one of the 25 largest independent accounting and business consulting firms in the nation. By combining the best of Thomson Reuters’ content and technology with Armanino’s team of experts versed in sales and use tax complexities faced by clients doing business in multiple jurisdictions, this partnership solves go-to-market problems for small to medium-sized businesses (SMBs). Now, U.S.-based experts on both sides provide a more hands-on, tailored approach to each client’s specific business situation versus the one-size-fits-all often offered by competitors.
“We’re thrilled to be partnering with Armanino. They are one of the largest and fastest growing accounting firms and by working with them, we are now helping businesses eliminate the risk of tax miscalculations and reducing the risk of federal and state penalties,” said Sunil Pandita, President of Corporates for Thomson Reuters. “We are offering a huge competitive advantage by working with Armanino to provide a solution able to grow with any business’ needs. No matter your company’s size, we’ll grow with you.”
Due to implications from the 2018 Wayfair decision ruling all states may charge tax on purchases made from out-of-state sellers, all U.S. businesses must now comply with a tremendous amount of tax regulations. Companies in the SMB market must understand the elements of tax penalties – with over 15,000 jurisdictions and 75,000 changes annually – and by not complying, both companies and entrepreneurs are at risk. The partnership between Thomson Reuters and Armanino offers a premium, affordable solution to SMB customers.
“As a firm that is focused on identifying impact-driven solutions in a changing market, we are excited to partner with Thomson Reuters and work with its Corporate Tax and Accounting division to simplify for clients the increasingly complicated constellation of state and local taxes,” said Alex Thacher, Tax Partner and Practice Lead, State and Local Tax at Armanino. “Thomson Reuters was the clearest and smartest choice as they provide the most innovative, disruptive tax software, along with the most comprehensive source of tax content in the industry.”
“We now help small to medium-sized businesses focus on driving growth and complying with government regulation, without the worry of managing those complexities,” said Chris Carlstead, Head of Partnerships and Alliances for Thomson Reuters. “Tax determination and compliance are complicated, and through this union, we’re giving more businesses access to a single unified tax solution allowing them to focus on their customers.”
Thomson Reuters’ ONESOURCE Indirect Tax is a cloud-based tax software solution that easily plugs into a customer’s POS and provides automation and accuracy across tax and finance workflows from determination through final remittance and compliance. It easily works with other ONESOURCE products like Direct Tax and Global Trade Management.
For more information, visit https://tax.thomsonreuters.com/en/onesource.