Thomson Reuters Adds Nexus Assistant to Its Checkpoint Platform

New Analytical Tool Helps To Review and Analyze Tax Profiles by State

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Feb 01, 2010, 12:00 ET

NEW YORK, Feb. 1 /PRNewswire/ -- The new state tax tool, Nexus Assistant, now available on Checkpoint ®, the award-winning platform from the Tax & Accounting business of Thomson Reuters, has been created to assist corporate tax professionals and practitioners with multi-state clients with their state nexus questions. "Because of the pressure from so many states to collect taxes to help make up for state deficits, corporations and practitioners are being challenged in new ways," says Steve Mendelsohn, Senior VP, Online Media. "Nexus Assistant is an instant online solution."

Nexus Assistant helps subscribers review and analyze their nexus profile based on activities in a state. This tool can be used to create a complete summary of any state's known position on a variety of business activities or to create similar information on specific activities for single states and multiple states. Users can choose sorting and filtering options that support easy comparison on how different states treat the same activities.

"Nexus Assistant is vital for tax professionals who advise or work for large to mid-size corporations as well as professional firms with multi-state activities," says Mendelsohn. "Nexus Assistant allows subscribers to create a snapshot of how states view various business activities performed by out of state companies. This information will help support filing positions, analysis of uncertain tax positions under FIN 48, and planning for changes in business operations. "

Tax professionals using Nexus Assistant will save time by being able to:

Quickly and easily cull information on the Nexus position for one or many jurisdictions and across a variety of topics.
Jump to the controlling authority and RIA analysis to find more in-depth information.
Sort, filter and hide options within Checkpoint without having to export the chart to Excel in order to arrange the data.

To find out more about Nexus Assistant, please call 1-800-950-1216, or go to http://ria.thomsonreuters.com/estore/detail.aspx?ID=WNEXQ

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, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Dexter (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.