Thomson Reuters Launches Checkpoint State Clear Comply to Help Simplify State Compliance Research for S Corporations and Partnerships

New York - 21 June 2016

Thomson Reuters has released Checkpoint State Clear Comply, which simplifies the analysis of complex state compliance questions for multi-tier partnerships and S Corporations with a presence in multiple states.

Tax professionals can use the exclusive logic in the tool to highlight nexus flow-up issues and easily generate comprehensive reports covering the necessary requirements for composite returns, non-resident withholding and annual returns.

“This is a product that I wish would have existed a while ago,” said Darian Allen, CPA, Regan, Levin, Bloss, Brown & Savchak, P.C. “This is where I spend most of my time researching and now I no longer have to go to multiple locations to get my answers.”

“Tax professionals face increasingly compressed workloads,” said Virginia Lorenzo, senior director of tax editorial with the Tax & Accounting business of Thomson Reuters. “Checkpoint State Clear Comply cuts through complexity and can save tax professionals a significant amount of time when researching and documenting state compliance obligations for pass-throughs.”

Thomson Reuters Checkpoint State Clear Comply maintains up-to-date state filing compliance requirements and reduces the risk of missed filings due to changing requirements in different states. It eliminates time-consuming research by creating reports with critical compliance requirements for state filings on partnerships and S Corporations and allows users to export reports for audit purposes.

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