San Ramon, Calif., March 9, 2010 – The Tax & Accounting business of Thomson Reuters announced today that Heckler & Koch and Planar Systems are among the companies migrating from their on-premise software solution, the Sabrix Application Suite, to Sabrix Managed Tax Service™ (MTS), the company’s outsourced managed services solution.

Sabrix MTS combines an on-demand version of the same trusted tax platform used by leading global companies, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes.  Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price.

“Revenue deficits are resulting in more complex and aggressive tax burdens from state and local governments.  Yet companies are still expected to remain in compliance and balance their need to limit audit liabilities and preserve cash flow,” said Mark Montgomery, director of Tax & Treasury for Planar Systems, Inc.  “By moving from Sabrix’s on-premise solution to their outsourced service, we have reduced IT costs and can now free up our staff by relying on their tax experts.”

Acting as an extension of a company’s finance department, Sabrix MTS minimizes the hassle, reduces the costs, and limits audit exposure of sales tax compliance.  The service addresses the complete transaction tax management process, including nexus studies, address validation, tax rate maintenance, determination and calculation, signature-ready return preparation, filing and remittance, as well as audit research and documentation.  Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage.  More customer case studies and other information are available online: http://www.sabrix.com/managedtaxservice

San Ramon, Calif., Feb. 16, 2010 – The Tax & Accounting business of Thomson Reuters announced today availability of two new online services – Taxcast International and Ask the Expert Webinar – to help businesses stay abreast of the latest sales and use tax and value added tax (VAT) changes.
“Global companies must manage complex and ever changing U.S. sales and use tax laws as well as international laws to stay in compliance. For many, this is not only a daunting, labor intensive required task, but also an area that requires immense expertise due to the dynamic nature of transaction tax law,” said Carla Yranjson, senior director, Sabrix Tax Services, part of the Tax & Accounting business of Thomson Reuters. “Taxcast and the Ask the Expert Webinar are just a few of the many value-added services we offer in our Transaction Tax Resource Center to help companies of all sizes understand how tax laws affect their business and help them navigate transaction tax complexity.”

Especially in the current challenging economic environment, business of all sizes find it increasingly difficult to keep current with shifting tax laws and effectively achieve compliance with confidence. Drawing on the research and analysis of Sabrix Tax Services’ tax experts, including attorneys, CPAs, accountants and former tax auditors, as well as partners, the company’s new online services provide businesses with access to industry leading SAS 70 certified best practices in tax compliance.

Taxcast International is an online, interactive tool that complements the existing U.S.-based Taxcast and is comprised of:

• A user-friendly, graphical map interface to help companies easily understand country by country transaction tax compliance issues
• Concise summaries of recent tax rate changes, product taxability, tax jurisdiction and authority updates
• Expert analysis highlighting unique tax laws and trends that create compliance risk and exposure for businesses if not properly addressed

The Ask the Expert Webinar provides a forum where companies can dynamically interact with tax experts and peers. The webinar features:

• An online webinar for finance executives to discuss sales and use tax compliance issues including current events, tax rate changes, best practices and legal summaries affecting the sales and use tax and VAT landscape
• Ability to submit specific sales and use tax and VAT questions related to a specific business, which will be answered by Sabrix Tax Services experts during the webinar
• Sabrix Taxcast and Ask the Expert Webinar along with the other tools available on the Sabrix Tax Resource center arm businesses with the timely information needed to achieve higher degrees of compliance, while reducing compliance costs. Other free resources include tax tables, whitepapers, webinars and a tax blog written by members of the Sabrix Tax Research team.

Pricing and Availability

Both Taxcast International and Ask the Expert are available free of charge and are available now through the Sabrix Resource Center. To access Taxcast, go to:  www.sabrix.com/resource-center/taxcast. To access Ask the Expert or to pose a specific question go to: www.sabrix.com/asktheexpert.

San Ramon, CA, February 2, 2010 – The Tax & Accounting business of Thomson Reuters announced today availability of Sabrix Managed Tax Service (MTS) Winter 2010 version. Sabrix MTS combines an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, service from a multidisciplinary team of tax experts, and SAS 70 certified processes.  The latest version includes a new remittance and filing service, and additional reporting capabilities to provide an end-to-end solution for sales and use tax compliance, while increasing visibility and control so that financial executives can feel confident outsourcing the process.

As a software as a service (SaaS) offering, Sabrix MTS Winter 2010 is automatically available to existing clients at no additional fee. Sabrix MTS Winter 2010 feature highlights include:

• Enhanced integrated filing and remittance workflow dashboard, which allows clients to monitor, view and approve returns and tax payments at each critical milestone for complete control, without the cumbersome task of managing the process.
• Electronic signature capabilities for paper returns, saving time and money.
• Audit, return reporting and return to G/L reconciliation to meet increasingly complex audit requirements. 
• Powerful analytics powered by SAP Business Objects provide detailed information all the way down to the transaction level, giving finance executives increased visibility and control.
• Additional reports, including a new return summary report, which summarizes standard return fields by tax return, including key adjustments needed to reconcile total tax collected per return to net tax remitted per return.
• New reporting dashboard that provides easy access to extensive library of reports.

“With ever changing tax laws and increased volume of audits as revenue hungry states look for ways to reduce deficits, transaction tax compliance is more complex and cumbersome than ever,” said Pam Kostka, Vice President Marketing, Sabrix Tax Services, part of the Tax & Accounting business of Thomson Reuters. “Combining best-in-class remittance and filing services, and leading edge technologies including SAP Business Objects’ analytics engine, Sabrix MTS Winter 2010 aims to reduce the operational headaches associated with transaction tax compliance for companies of all sizes and reinforces our commitment to helping clients achieve compliance with confidence.”

Acting as an extension of a company’s finance department, Sabrix MTS’ tax experts, proven software, and best practices minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance.  The service addresses the complete tax management process, including address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation. Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. More customer case studies and other information are available online: http://www.sabrix.com/managedtaxservice

Pricing and Availability
Sabrix MTS Winter 2010 is available now.  Pricing is on a subscription basis and is based off of a company’s transaction tax complexity.  For more information, visit http://www.sabrix.com/managedtaxservice.

NEW YORK, January 20, 2010 – The Tax & Accounting business of Thomson Reuters announced today that it has achieved SAS 70 Type II certification for its Sabrix tax research and returns process for the second consecutive year. Building upon Sabrix’s existing SAS 70 Type II certification for hosted operations, Sabrix continues to offer the most comprehensive SAS 70 Type II certification in the industry for outsourced sales and use tax compliance service. Companies of all sizes can achieve compliance with confidence by outsourcing tax compliance processes to Sabrix Managed Tax Service’s (MTS) tax experts, proven software, and best practices to minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance.

“Especially in light of revenue deficits resulting in more complex and aggressive tax burdens from state and local government, companies more than ever need the assurance that our research, technology and processes will deliver the highest degree of compliance and meet SOX requirements,” said Carla Yrjanson, Senior Director, Sabrix Tax Services, part of the Tax & Accounting business of Thomson Reuters. “Any business working with outsourced service providers should require these types of validations and controls.”

The SAS 70 Type II certification provides Sabrix customers with independent auditor validation of the procedures and controls in place within Sabrix’s tax research coverage of 13,253 authorities, its returns preparation and review by tax experts, as well as its hosted operations for the Sabrix tax engine. The certification demonstrates Sabrix’s continued commitment to operate as a trusted partner who meets the rigorous operational controls associated with Sarbanes-Oxley compliance.

Sabrix MTS allows companies to outsource their sales and use tax compliance process to highly skilled tax experts using a trusted tax platform that currently powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders. Acting as an extension of a company’s finance department, Sabrix MTS minimizes the hassle, reduces the costs, and limits audit exposure. The service addresses the complete tax management process, including nexus determination, address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation. And, Sabrix MTS is designed to integrate with leading financial systems like Microsoft Dynamics GP, Microsoft Dynamics NAV, SAP R3, SAP All-in-One, SAP Business One, Oracle and ecommerce systems with no disruption to existing business processes.

Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage. More customer case studies and other information are available online: http://www.sabrix.com/sabrixmts.

New York, NY December 15th, 2009 – (NYSE: TRI;TSX: TRI) — Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its Tax & Accounting business has completed the acquisition of Sabrix, Inc., a leading global provider of transaction tax management software applications and services.

Sabrix offers both the Sabrix Application Suite used by large enterprises to, among other things, determine, calculate and record sales tax, use tax, VAT, excise tax, and industry-specific taxes and fees, and the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service. Over time Sabrix products and solutions will be fully integrated with other leading Thomson Reuters software and services on ONESEOURCE, a web-based corporate tax portal, to provide a full array of integrated transaction tax capabilities to customers.

All 160 Sabrix employees will transfer into Tax & Accounting and the business will continue to be based in San Ramon, CA

The terms of the transaction were not disclosed.

Thomson Reuters Agreement with Sabrix, Inc

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. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). 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. Tax & Accounting includes the Research & Guidance, Professional Software & Services, and Corporate Software & Services business groups.

SAN RAMON, CA – December 9, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today revealed a sampling of 2009 quirky sales and use tax changes, emphasizing the importance of technology and expertise to help navigate the dynamic sales and use tax landscape.

“While some of the changes may seem strange, humorous, and downright confusing, it highlights just how difficult managing the sales and use tax process can be,” said Pam Kostka, Senior Vice President of Corporate Marketing of Sabrix. “In light of the economy, where government is creating an array of new taxes to address budget shortfalls, businesses are finding it especially difficult and costly to achieve compliance with confidence.”

Sabrix MTS™ combines an on-demand version of the Sabrix Application Suite, the same trusted tax platform used by leading global companies, with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Sabrix customers who have deployed either solution benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices and are able to seamlessly comply with tax changes immediately.

A few of the 2009 “quirky” sales and use tax highlights include:

• Marshmallows and yogurt covered raisins in Wisconsin:  Wisconsin recently enacted legislation that states that marshmallows are taxable unless they contain flour. Additionally, the new legislation “clarifies” that while yogurt and raisins are both exempt, yogurt covered raisins are taxable. Wis. Admin. Code Tax 11.51.
• Flu vaccines in Illinois:  Illinois addressed the taxability of free flu administered to individuals without insurance. Although the individuals are not required to pay tax on their free flu shots, Illinois noted that the donor of the “gift” is deemed the end user of the property and is subject to the use tax on that property. Illinois Dept. of Rev. General Information Letter ST 09-0118-GIL.
• The Illinois candy tax:  Illinois changed their tax laws in regards to taxing candy. Chocolate bars, yogurt- or chocolate-covered nuts or fruit, honey-coated nuts, caramel popcorn, lollipops, snack mixes containing yogurt or chocolate, breath mints, and gum are considered candy and taxed at the standard sales tax rate. However, chocolate-covered cookies, yogurt-covered pretzels, “candy” that contains flour, plain dried fruits and nuts with no added sweeteners are not candy and, therefore, are taxed at the lower food rate.  Illinois Dept of Rev. Publications- FY – 2010-01. See:http://www.revenue.state.il.us/Publications/Bulletins/2010/FY-2010-01.pdf
• The yoga tax in Missouri: Missouri became the only state to enforce a four percent sales tax on what many see as a spiritual pursuit: the practice of yoga.  Ruling No. LR 2732.
• Driving service taxable in New York unless in connection with a funeral:  New York changed their laws to tax transportation by livery services, such as limousine or black car. However, New York compassionately provided an exemption for such services if provided in connection with a funeral.; NY TSB-M-09(2)S.
• Streaming digital goods in Washington:  Washington became the first state to specifically tax the streaming of digital products (i.e. music, movies) when they recently enacted legislation under HB 2075. See ESHB 2075.

New York, NY November 16, 2009 – Thomson Reuters (NYSE: TRI;TSX: TRI), the world’s leading source of intelligent information for businesses and professionals, today announced that its Tax & Accounting business has signed a definitive agreement to acquire Sabrix, Inc, a leading global provider of transaction tax management software applications and related services. Headquartered in San Ramon, CA, with additional operations in Oregon and London, all 160 Sabrix employees will transfer into Tax & Accounting upon the close of the transaction, which is expected in December 2009.

“This acquisition fulfills our vision of delivering a comprehensive global solution for corporations in the area of transaction tax, especially companies with a multinational presence” said Roy M. Martin, Jr., President and CEO of Tax & Accounting. “Sabrix offerings, which cover rates and rules for 170 countries, will be integrated with our existing local transaction tax software and services to form a total solution for corporate customers in the U.S., the U.K. and Europe.”

Transaction tax, also known around the world as indirect tax, VAT, GST or sales & use tax, trails only corporate and personal income taxes in its pervasiveness among country governments.

“Sabrix applications can process an unlimited number of transactions, control audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance,” said Brian Peccarelli, president of Corporate Software & Services for Tax & Accounting. “Additionally, the Sabrix Managed Tax Service™ offers finance departments of small-to-medium sized businesses an outsourced transaction tax compliance service.”

“We have collaborated with Thomson Reuters for years,” said Steve Adams, president and CEO of Sabrix. “We look forward to working alongside the well-known and respected brands of the Tax & Accounting business, including ONESOURCE and Checkpoint, so that Sabrix clients can continue to achieve compliance with confidence in the most efficient and effective manner possible.”

Terms of the transaction were not disclosed.

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. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). 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. Tax & Accounting includes the Research & Guidance, Professional Software & Services, and Corporate Software & Services business groups.

Cautionary Note Concerning Factors That May Affect Future Results

This news release includes forward-looking statements that are based on certain assumptions and reflect Thomson Reuters current expectations.  Forward-looking statements are those that are not historical facts and include Thomson Reuters expectations about the proposed Abacus acquisition. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  Some of the factors that could cause actual results to differ materially from current expectations include the need to satisfy conditions to closing, risks related to Tax & Accounting’s ability to successfully integrate the Sabrix business after the closing, and actions of Tax & Accounting’s competitors. Additional factors are discussed in the materials filed by Thomson Reuters from time to time with securities regulatory authorities. Thomson Reuters disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation.

CONTACTS
Joe Christinat
Tax & Accounting
00 1 (212) 807-2198
joe.christinat@thomsonreuters.com

SAN RAMON, CA – November 12, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced the availability of the Fall 2009 version of Sabrix Managed Tax Service (MTS).

Combining an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, service from a multidisciplinary team of tax experts and SAS 70 certified processes, the latest version of Sabrix MTS™ provides even greater control and accuracy so companies can more easily leverage Sabrix’s outsourced services. As a software as a service offering, Sabrix MTS Fall 2009 is automatically available to existing MTS clients at no additional fee.

“Because more and more companies, including the enterprise, are outsourcing the tax function entirely, we added features that provide even more control so our customers can continue to achieve compliance with confidence,” said Pam Kostka, Senior Vice President of Corporate Marketing of Sabrix. “This latest version of Sabrix MTS is the culmination of feedback from our users who want more accuracy, insight and control, but without having to manage the cumbersome operational aspects of tax compliance.”

Sabrix MTS Fall 2009 feature highlights include:

• Enhanced reporting capabilities that further minimize time required to manage tax compliance operations, while still providing complete control and insight:
  • Period close reconciliation reports to reconcile invoices with the period in which they will be processed for returns to their GL.
  • Returns summary reports that provides a summarization of tax to cash for each return.
• Expanded tax services including:

• • Tax rate scenario testing, managed by Sabrix’s team of tax experts, provides the ability to implement and test tax changes for accuracy prior to production and with the simple push of a button.
  • Tax rate changes – Ongoing updates on new authorities and rate changes broken down by state, with 943 changes through October 2009 alone.

Pricing and Availability

Sabrix MTS is available now. Pricing is on a subscription basis and is based off a company’s transaction tax complexity. For more information, visit www.sabrix.com/sabrixmts

About Sabrix MTS

Sabrix MTS combines an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies of all sizes, including many Global 2000 leaders, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Acting as an extension of a company’s finance department, Sabrix MTS’ tax experts, proven software, and best practices minimize the hassle, reduce the costs, and limit audit exposure of sales tax compliance. The service addresses the complete tax management process, including address validation, tax rate maintenance, determination and calculation, signature-ready return preparation as well as audit research and documentation. Sabrix MTS is available as a subscription service, allowing companies to pay based on their usage. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. More customer case studies and other information are available online: www.sabrix.com/sabrixmts.

San Ramon, Calif. – October 27, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced that its Sabrix Application Suite 5 and its interface software US CAN Sales Use Tax 5 have achieved SAP certified integration with SAP® applications. The SAP Integration and Certification Center (SAP ICC) has certified that Sabrix Application Suite 5 properly integrates with the SAP Customer Relationship Management (SAP CRM) application Release 5.0 via the SAP sales and use tax integration scenario (TAX-US-CRM 4.0).

US CAN Sales Use Tax 5 is a component of the Sabrix Application Suite, which seamlessly connects to all financial applications required in the the determination, calculation, and recording of transaction taxes. The solution has been proven to integrate with SAP solutions, enabling companies to consolidate their sales and use tax operations and reduce implementation time and costs. This re-certification with SAP TAX-US-CRM further ensures that customers get tax calculations throughout the sales lifecycle starting with lead and quote management through the opportunity stage.

“Sabrix is committed to not only offering the best-in-class sales and use tax technology, but also the most extensive integration so our customers can cost effectively consolidate their sales and use tax operations to achieve a higher degree of compliance,” said Pam Kostka, senior vice president of Corporate Marketing of Sabrix. “This latest certification, which is the fifth time Sabrix has achieved certificated integration with an SAP application, underscores our commitment to the continual investment to build, maintain, and support solutions for use with SAP applications.”

Sabrix Application Suite 5 has also been qualified as “SAP Solution Manager Ready.” Solutions that qualify as such are made visible in the customer’s SAP system landscape directory, displayed within SAP Solution Manager at the customer site. With Sabrix Application Suite 5 achieving this certification status, the customer’s support staff or members of the SAP Active Global Support organization can easily identify and track the current configuration and log files of the Sabrix software within the system landscape. This makes it easier for support personnel to identify and perform root-cause analysis for the customer when needed.

Its interface software, Sabrix Integrations 5, is available immediately for use across both Sabrix product lines, including the Sabrix Application Suite, serving the transaction tax compliance needs of Global 2000 Enterprises, as well as Sabrix Managed Tax Service (MTS), an outsourced sales and use tax compliance service for companies of all sizes.

Additional information about the Sabrix Application Suite and Sabrix Managed Tax Service, including details on SAP certification, please visit the following link on the SAP EcoHub solution marketplace at http://ecohub.sdn.sap.com/irj/ecohub/solutions?query=sabrix.