Thomson Reuters Announces Release of ONESOURCE Property Tax Version 9.3

NEW YORK, Aug. 11 /PRNewswire/ -- The Tax & Accounting business of Thomson Reuters recently announced the release of ONESOURCE Property Tax software version 9.3, a Web-based solution and a part of the ONESOURCE platform. The latest version of ONESOURCE Property Tax will help property tax professionals be more productive managing both real and personal property tax compliance responsibilities. This release completes the transition of the personal property tax asset manager to a completely browser-based system.

"The latest updates to our next generation property tax software provide even more automation of tasks for additional accuracy in our clients' property tax work," said Richard Nearhood, vice president of Software & Technology of ONESOURCE Property Tax at the Tax & Accounting business of Thomson Reuters. "This efficient and powerful application enables access to property tax information anytime, anywhere, via the Internet, while reducing the complex manual processes associated with personal property tax compliance saving our clients time and money."

Feature highlights include:

• New location subject extends functionality and makes Asset Manager easier to use
• Ability to manually add assets in Asset Detail screen
• Ability to nationally classify assets one time for all states
• Ability to 'click and drag' location moves
• Import and manage the Chart of Accounts (COA) function in Asset Manager
• New "in-grid" quick search and select options
• View and compare depreciation overrides
• Automated tax recovery computations
• Parcel Subject field enhancements, including Net Operating Income (NOI), Cap Rate and Scheduled Closing fields

ONESOURCE Property Tax resides on ONESOURCE, the online platform for corporate tax professionals.  Users access ONESOURCE Property Tax gadgets, functionality, and information through a single-sign-on.  Licensed users can access other Thomson Reuters corporate tax solutions (such as Checkpoint®, ONESOURCE WorkFlow Manager™, and ONESOURCE Income Tax), through the single-sign-on.

Availability

ONESOURCE Property Tax Version 9.3 is available now. Additional information can be obtained by visiting http://onesource.thomsonreuters.com/propertytax.

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, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

SOURCE Thomson Reuters Tax & Accounting