How can Thomson Reuters ONESOURCE®help you manage sales tax, VAT, and other indirect taxes? If you are a corporate tax professional dealing with indirect taxes such as sales tax and VAT, learn howglobal tax determination softwarelike ONESOURCE Determination can help you get tax right the first...
What is a tax provision? A tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. It is just one type of provision that corporate finance departments set aside to cover a probable future expense. Other types of provi...
Then there’seconomic nexus. As the name suggests, economic nexus is a sales tax nexus that is created when an economic activity occurs. Economic nexus refers to the type of nexus that is established based on a business’s economic activity within a state, rather than its physical presence. ...