What is OneSource Tax Provision software?

OneSource Tax Provision is a software solution designed to automate and streamline the corporate tax provision process. It helps companies calculate their current and deferred income tax expense, prepare tax-related financial statement disclosures, and comply with relevant accounting standards (e.g., ASC 740 in the US). Common uses include managing tax provision workflows, performing tax calculations, generating reports for both internal and external stakeholders, and ensuring audit readiness.