Top 100 firm Armanino has partnered with Thomson Reuters to provide the company’s sales and use tax content and technology to the firm’s small and midsized business clients.
Thomson Reuters’ ONESOURCE content and technology with Armanino’s team of experts versed in sales and use tax complexities faced by clients doing business in multiple jurisdictions, this partnership is aimed at solving the go-to-market problems for SMBs. The tech provider and firm's expertise together is hoped to provide a more hands-on, tailored approach to each client’s specific business situation.
“[Armanino] is one of the largest and fastest growing accounting firms and by working with them, we are now helping businesses eliminate the risk of tax miscalculations and reducing the risk of federal and state penalties,” said Sunil Pandita, president of corporates for Thomson Reuters, in a statement. “We are offering a huge competitive advantage by working with Armanino to provide a solution able to grow with any business’ needs. No matter your company’s size, we’ll grow with you.”
“As a firm that is focused on identifying impact-driven solutions in a changing market, we are excited to partner with Thomson Reuters and work with its Corporate Tax and Accounting division to simplify for clients the increasingly complicated constellation of state and local taxes,” said Alex Thacher, tax partner and practice lead, state and local tax at Armanino, also in a statement. “Thomson Reuters was the clearest and smartest choice as they provide the most innovative, disruptive tax software, along with the most comprehensive source of tax content in the industry.”
Thomson Reuters’ ONESOURCE Indirect Tax is a cloud-based tax software solution that plugs into a customer’s point of sale system and provides automation across tax and finance workflows from determination through final remittance and compliance.
Armanino certified as B Corporation
Separately, Armanino recently achieved certification as a B Corporation, meeting the private certification’s requirements for social and environmental performance.
In addition to passing a rigorous assessment, B Corporations amend their legal governing documents to require their board of directors to balance profit and purpose. In a survey of more than 200 questions, Armanino reports it achieved perfect scores in categories including management of diversity, equity and inclusion, managing the value and impact created for clients, charitable giving and community investment policies, workplace flexibility, professional development and internal promotions.
“Armanino’s purpose of harnessing innovation and entrepreneurial thinking to make a positive impact on its clients, its people and its communities has been its bedrock, and is in perfect alignment with the B Corporation movement,” said CEO Matt Armanino in a statement. “That is why our partners and staff have emphatically supported the decision to undertake a year-long process that validates the work we do to live our values in every aspect of the business, whether it be how we operate internally or interact with our clients and communities.”
