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Thomson Reuters Releases Answer Path Enhancement to Checkpoint State and Local Tax Libraries

Thomson Reuters has launched the award-winning Checkpoint Answer Path feature for its state and local tax research libraries to provide tax professionals with reliable and timely answers even more quickly and efficiently. As a user types their keyword search, Answer Path will now instantly retrieve relevant state charts, with the option to create a multistate overview for a given topic.

Answer Path from Thomson Reuters Checkpoint provides quick answers and concise explanations with a clear route for obtaining more detailed guidance. It launched last year to assist practitioners in preparing and filing Federal individual income tax returns.

Checkpoint is continuing to expand with additional state and local library enhancements, including a sales taxability matrix now available as a document type, searchable for over 2,000 products and services; quick access to the third-party websites that host municipal codes for localities; and a new state search wizard that allows for regularly searched groups of states to be saved as a set for quicker repeat access.

“Checkpoint is committed to reducing complexity for our customers. We are constantly looking for ways to incorporate innovative technology into our solutions in order to enable tax professionals to do their jobs better and faster,” said Salim Sunderji, Managing Director, Checkpoint, with the Thomson Reuters Tax & Accounting business. “Customers have praised our Answer Path functionality for expediting their federal tax research, saying it was exactly what they needed, so we’re thrilled to extend our offering to the state and local levels.”

In addition, Answer Path continues to expand its federal scope to include orientation to business topics such as: depreciation and amortization; business incentive credits; tax accounting; inventories; and C corporation, S corporation and partnership taxation.

Answer Path for Checkpoint State & Local Tax libraries is included value with any subscription that includes both State & Local Tax Reporters and State & Local Tax Create-A-Charts.

Thomson Reuters Checkpoint tackles market disruption through integrated research, editorial insight, productivity tools, online learning, content marketing solutions and news updates along with intelligent links to related content and software. It is relied on by hundreds of thousands of tax and accounting professionals, and counts among its customers 97 of the Top 100 U.S. law firms, 99 of the Fortune 100 companies, and all of the top 100 U.S. CPA firms.

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI).