Skip to main content
My Datasets
Search
Search New Tax Provision (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE New Tax Provision

Statutory Tax Rates

In the
RATES
 page, you enter rates and then the system uses the rates to calculate the federal and state data. You can find the unit rates page in
My Datasets > Units > More > Rates
.
note
Your administrator has the ability to lock the Beg, End, and Beg Deferred.
Rates
Notes
Current Tax Rate
Type the Current Tax Rate.
Beginning Deferred Rate
Type the Beginning Deferred Rate.
Ending Deferred Rate
Type the Ending Deferred Rate.
Unit Tax Rates
  • The current and deferred tax rates for the specified unit are used for all unit specific reports and are taken into account for Federal Benefit of State (FBOS) calculations when working with state data.
  • If the Beginning and Ending Deferred Tax rates differ for a unit the system automatically calculates any necessary change in rate adjustment on the beginning temporary difference balances. Support for the calculated adjustment displays in the deferred balances report as a separate column.
  • If the Current Tax rate and the Ending Deferred Tax rate differ for the unit, the system automatically calculates the necessary impact of the rate difference for activity entered for temporary differences. The impact of the rate difference can be viewed in the Effective Tax Rate report.