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Thomson Reuters provides intelligent information and professional services for law, tax, finance, and media. It serves law firms, corporations, government agencies, and financial institutions with platforms like legal research (Westlaw), tax software (UltraTax CS), financial market data, and news services. These products are accessed through subscription-based platforms, ensuring ongoing updates and a steady revenue stream. The company also monetizes through advertising on media platforms and data analytics sales. It distinguishes itself by offering a broad, integrated suite of industry-specific tools combined with AI, cognitive computing, and machine learning to improve accuracy, efficiency, and predictive analytics in research and data insights. Its goal is to be a trusted partner that helps professionals make informed decisions by delivering reliable information and decision-ready tools while pursuing responsible, values-driven initiatives.
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Data & Analytics
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10,001+
Company Stage
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Toronto, Canada
Founded
1851
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Your tax-season post-mortem: 5 workflow bottlenecks to fix before next January. June 3, 2026 Tax season just ended. If your firm is like most, the post-April 15 instinct is to file the year away - clear the desk, take a long weekend, then drift into extension work without ever asking what actually broke during the crunch. That instinct is expensive. The reasons your team worked 60-hour weeks in March are still in your workflow today, and every month you wait to address them is a month closer to running the same race in January. Here's a more useful pattern: schedule one 90-minute partner-and-lead-preparer meeting in the next two weeks. Walk through the five bottlenecks below. Pick the one that costs your firm the most hours per return - not the one that's most annoying, the one with the highest leverage - and commit to fixing it before October. 1. Trial balance re-keying between QBO/Xero and your tax engine. This is the bottleneck most firms tolerate without realizing how much it costs. Every engagement that involves QuickBooks Online or Xero on the bookkeeping side and UltraTax CS on the tax side starts with the same step: pull a trial balance, open the tax engine, and key in numbers. Account by account. Client by client. There is no native bridge between Intuit's bookkeeping products and Thomson Reuters' tax products - these are direct competitors with no commercial reason to integrate. The result is roughly 30 to 60 minutes of manual data entry per client, plus the review time spent catching transposition errors that wouldn't have existed if a human hadn't been doing the typing. Audit question: how many client engagements last season started with someone on your team manually keying a trial balance into UltraTax? Multiply by 45 minutes. That's the size of the problem. 2. Document collection that drags into March. According to the 2025 Accounting Industry Report, 69% of firms report being delayed by missing client documents. That number is consistent with what most firm owners describe anecdotally: the engagements that blew up your team's schedule in March were almost never the ones with complex tax positions. They were the ones where the client took six weeks to send a 1099, an updated K-1, or a complete brokerage statement. The fix is rarely a new portal. It's usually firmer document policy: a January 31 hard cutoff for full-document submission, an explicit late-document fee, and a triage rule that pushes incomplete clients to extension on a defined date instead of letting them quietly squat on a preparer's desk. 3. Review queues that stack up in the second half of season. Most firms scale their preparer capacity well - through staff, contractors, and overtime - but reviewer capacity is structurally hard to add. Senior reviewers are partner-track or partners themselves, and there is no pool of seasonal reviewers to lean on. The result: returns pile up in review during the last three weeks of season, and reviewers become the bottleneck for the entire firm. Look at your March 25-April 10 throughput. If reviewers were sitting on more than 48 hours of stacked returns, that's where the next investment goes - not in another preparer, but in tooling, checklists, or process changes that compress review time. 4. A capacity model that still assumes "we'll hire seasonal staff" Inside Public Accounting reported earlier this year that firms are quietly moving away from seasonal hiring - not by choice, but because the talent isn't there. The AICPA's CPA Firm Talent Study has flagged the same trend for years: more than 75% of firms report difficulty hiring qualified staff. If your January capacity plan still has a line item that says "hire two seasonal preparers," run a stress test on what happens when only one shows up. The firms that handled 2026 best went into the season assuming their headcount in January was the headcount they'd have on April 14, and built workflow around that constraint. 5. AI and automation tools that don't actually fit your workflow. More than 55% of firms are evaluating new AI or automation tools coming out of this tax season, per recent practice management reporting. That number is not the problem. The problem is that most of those evaluations end with three pilot subscriptions, none of which integrate with the firm's actual chart-of-accounts mappings or tax engine, and all of which get dropped by August. Before you sign anything, write down the specific workflow step the tool is supposed to remove. Not "saves time" - the actual click sequence today versus the click sequence with the tool. If a vendor can't draw that diff in 60 seconds on a sales call, the tool will not survive your firm's onboarding. Pick one. Fix it before October. The firms that improve year over year are not the ones that try to fix all five bottlenecks in May. They are the ones that pick the highest-leverage bottleneck, scope a real change before October, and roll into November with the new workflow already in place - not a slide deck about it. If bottleneck #1 is on your list, AccountantSync is the cleanest way to test the impact during off-season. Connect one client's QuickBooks Online or Xero account, map the trial balance to UltraTax CS once, and you have a working sync you can reuse every quarter - not just at year-end. The first two clients are free, which is enough to see whether the time savings hold up against your own firm's data before you commit. Whichever bottleneck you pick, the rule is the same: decide in May, build in summer, validate in fall. The firms that wait until October to plan for January are the ones still working 60-hour weeks next March.
Journalists, podcasters sue Alphabet, Google for voiceprints in AI trained models. The plaintiffs claim Google extracted their "voiceprints" from publicly available recordings without notice or consent and used these voiceprints to build commercial products that now compete with them in their own profession. A group of journalists, podcasters and audiobook narrators sued Alphabet Inc. and Google in Illinois federal court Monday alleging Google unlawfully used recordings of their voices to train its artificial intelligence-based voice products, such as Gemini Live, NotebookLM Audio Overviews and Google Cloud Text-to-Speech. * Exclusive Reporting - Fast, authoritative coverage and sharp analysis. * Integrated Insights - Compass and Radar context built right into articles. * Personalized Experience - Tailored homepage content and curated newsletters. * Smart Search & Alerts - Powerful search and real-time updates. Questions? Contact an Account Specialist at [email protected] | 1-855-808-4530 (Americas) | 44(0) 800 098 386009 (UK & Europe) NOT FOR REPRINT Mike Neighbors Vitamin and supplement companies are accused of manipulating serving sizes. May 08, 2026 Amanda Bronstad This week: The second bellwether trial in the coordinated California state court cases alleging Johnson & Johnson's baby powder causes ovarian cancer opened in Los Angeles Superior Court. U.S. District Judge Vince Chhabria refused to intervene in a proposed $7.25B settlement in Missouri state court. Find out who was appointed to lead lawsuits against claims administrators such as Epiq and Angeion. May 06, 2026 Thomson Reuters America Corp. was hit with a class action Thursday that accused it of breaching a Michigan state privacy law by publicly displaying five sequential digits of individuals' Social Security numbers on its CLEAR and Westlaw PeopleMap platforms. May 01, 2026 Brendan Pierson "From the pure pro-business standpoint, it checks a lot of boxes," said Tyler Thompson, a partner at Reed Smith. April 30, 2026 Marianna Wharry A Chicago federal judge held that a price-comparison browser extension does not trespass on a retailer's property when it changes how the site appears on a consumer's device in a case of first impression for Illinois courts and the U.S. Court of Appeals for the Seventh Circuit. April 29, 2026
Thomson Reuters hit with privacy class action in Michigan over display of Social Security data on research platforms. Thomson Reuters America Corp. was hit with a class action Thursday that accused it of breaching a Michigan state privacy law by publicly displaying five sequential digits of individuals' Social Security numbers on its CLEAR and Westlaw PeopleMap platforms. * Thomson Reuters was hit with a class action that claims it violated a Michigan state privacy law by publicly displaying five sequential digits of people's Social Security numbers via its Westlaw PeopleMap and CLEAR platforms. * In February 2025, Thomson Reuters reached a $27.5 million settlement resolving claims that it illegally collected and sold California residents' personal data via the CLEAR platform without their permission. * An expert who is not involved in the case says that it may be a potential "bellwether" for future litigation brought under the Michigan privacy statute. Thomson Reuters America Corp. was hit with a class action Thursday that accused it of breaching a Michigan state privacy law by publicly displaying five sequential digits of individuals' Social Security numbers on its CLEAR and Westlaw PeopleMap platforms. * Exclusive Reporting - Fast, authoritative coverage and sharp analysis. * Integrated Insights - Compass and Radar context built right into articles. * Personalized Experience - Tailored homepage content and curated newsletters. * Smart Search & Alerts - Powerful search and real-time updates. Questions? Contact an Account Specialist at [email protected] | 1-855-808-4530 (Americas) | 44(0) 800 098 386009 (UK & Europe) NOT FOR REPRINT Brendan Pierson "From the pure pro-business standpoint, it checks a lot of boxes," said Tyler Thompson, a partner at Reed Smith. April 30, 2026 Marianna Wharry A Chicago federal judge held that a price-comparison browser extension does not trespass on a retailer's property when it changes how the site appears on a consumer's device in a case of first impression for Illinois courts and the U.S. Court of Appeals for the Seventh Circuit. April 29, 2026 Marianna Wharry "Based on its plain language, we conclude that the government contractor exemption applies only to exempt a contractor from liability when acting within the scope of its government contract," Judge Matthew G. Bertani wrote for the panel. April 29, 2026 Amanda Bronstad This week: The U.S. Supreme Court heard arguments on Monsanto's defense of federal preemption in lawsuits over its Roundup pesticide. The first bellwether trial among more than 3,000 lawsuits over Bard's PowerPort medical devices began in Arizona. Find out who stepped in to represent fertilizer manufacturers, such as Koch Industries and The Mosaic Co., in a string of new antitrust lawsuits. April 29, 2026 Briana Warsing A new lawsuit alleges an AI hiring platform's use of automated interviews and worker-monitoring tools turned a data breach into the exposure of full employment records. The case frames the incident as a consequence of broader AI hiring practices, not just a cybersecurity failure. April 22, 2026
Thomson Reuters has fired a senior attorney editor after she spoke out about the company selling data products to Immigration and Customs Enforcement, according to a lawsuit filed in Oregon District Court on Tuesday. Billie Little, who worked at Thomson Reuters for nearly two decades, led hundreds of colleagues in raising concerns that the company's CLEAR database was being used to deliver sensitive personal data to federal immigration authorities in ways that allegedly violated state sanctuary laws and privacy protections. Over 200 employees signed a letter to leadership expressing concerns about ICE and Department of Homeland Security contracts. Little was fired on 20 March for an unspecified code of conduct violation, nine days after media coverage of the employee letter. The lawsuit seeks reinstatement, back pay and damages under Oregon's whistleblower protection law.
CFO's on the move: march 2026. Finance leadership continues to evolve as organizations navigate economic uncertainty, shifting investment priorities, and growing demand for real-time insight. March appointments reflect a focus on capital allocation, operational discipline, and forward-looking strategy. Controllers Councils' take a closer look at 15 CFOs driving change and shaping what's next for the finance function. Delta Air Lines appoints erik Snell as new CFO. Delta Air Lines is making some key changes to its leadership team. Erik Snell will become Delta's new Chief Financial Officer. Snell, who joined Delta 20 years ago in finance, has led teams across the company's operating groups, and most recently served as Chief Customer Experience Officer. In his new role, Snell will oversee Delta's Finance organization, Fleet and Supply Chain teams, and refinery subsidiary Monroe Energy. Monika Grama joins autoliv as new CFO and EVP. Autoliv, Inc., the worldwide leader in automotive safety systems, announces that its Board of Directors appointed Monika Grama as the next Chief Financial Officer and Executive Vice President, Finance of the Company. Nissan names George Leondis as new CFO. Nissan Motor Co. has named George Leondis chief financial officer. An accountant by training, Leondis began his career at PwC before joining Nissan in 2004 as head of finance for Nissan Australia. Over the past two decades, he has held senior finance and leadership roles across Nissan's key markets in addition to leading auto sales finance businesses and regional administration. Yeti appoints Scott Bomar as new CFO. YETI appointed Scott Bomar as its new Chief Financial Officer. Bomar joins YETI from The Home Depot, Inc., where he served in positions of increasing responsibility over nearly two decades, most recently serving as Senior Vice President of Finance. Thomas Reuters announces Gary biscoping as new CFO. Thomson Reuters named former Dell executive Gary E. Bischoping Jr. as its chief financial officer. Bischoping most recently served as partner at private equity firm Hellman & Friedman. He spent more than 17 years at Dell Technologies in senior roles, including as CFO and treasurer of a division. Chewy appoints Christopher Deppe as new CFO. Chewy has appointed Christopher Deppe as Chief Financial Officer. Deppe brings extensive finance leadership experience, including senior roles at Amazon and in corporate operations. Bloom Energy announces Simon Edwards as new CFO. Bloom Energy announced that Simon Edwards will become chief financial officer. The appointment brings in a finance leader with deep experience in scaling technology and AI infrastructure businesses as Bloom targets onsite power demand from data centers, manufacturers and other power-intensive sectors. Brown-Forman Corporation appoints Jim Peters as new EVP and CFO. Brown-Forman Corporation, a Jack Daniel's maker, announced the appointment of Jim Peters as its new Executive Vice President and Chief Financial Officer (CFO). Peters joins Brown-Forman following a distinguished career at Whirlpool Corporation, where he most recently led enterprise transformation initiatives as Executive Vice President. Handel's Homemade Ice Cream announces naveen Dasa as new CFO. Naveen Dasa has been named chief financial officer of Handel's Homemade Ice Cream. Dasa brings more than a decade of experience including roles at Shake Shack, BakeMark, and Yum Brands. He most recently spent 10 years with Yum, advancing through finance and strategy roles across Pizza Hut, Taco Bell, and Yum corporate. Ledger appoints John Andrews as new CFO. Ledger(TM), the global leader in digital asset security for individuals and institutions, announced the appointment of finance veteran John Andrews as Chief Financial Officer, alongside the opening of its new U.S. office in New York City, marking a major step in the company's expansion in its largest global market. Red Lobster announces Brad Hill as new CFO and EVP. Red Lobster has announced that Former P.F. Chang's CEO Brad Hill will join the seafood restaurant brand as chief financial officer and executive vice president. In his new role, Hill will be charged with leading Red Lobster's finance organization; overseeing planning, forecasting, and stakeholder reporting; and leading the company's strategic real estate efforts, including negotiations and deals execution. Kenneth Sharp joins l3harris Technologies as SVP and CFO. L3Harris Technologies announced the appointment of Kenneth (Ken) Sharp as Senior Vice President and Chief Financial Officer (CFO). Sharp brings more than 30 years of financial leadership in defense and technology, with a proven record of driving growth and strengthening financial operations. Wyndham names amit Sripathi as new CFO. Wyndham Hotel & Resorts is adding a new chief financial officer. Amit Sripathi is named new CFO. Sripathi previously served as the company's chief development officer for the North America region. Olivier Leonetti is named CFO at Equinix. Equinix, Inc., the world's digital infrastructure company(R), announced the appointment of Olivier Leonetti as Chief Financial Officer. An accomplished executive who has served as CFO of multiple publicly traded companies, Leonetti brings more than 30 years of financial leadership experience to Equinix, including a deep background in technology and infrastructure. John Feray is announced as new CFO at Shipley Donuts. Shipley Donuts, the nation's largest brand of fresh, handmade donuts and kolaches, has expanded its senior leadership team with the addition of new CFO, John Feray. As CFO, John Feray, a lifelong Shipley fan, will focus on improving franchise unit economics and strengthening margins. With more than 30 years of experience in finance, accounting, operations and strategic leadership, he most recently served as CFO at GSM Outdoors and has held financial leadership roles at Dollar General Corporation, RadioShack and many other companies. Submit a comment. Your email address will not be published. Required fields are marked *
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Industries
Data & Analytics
Enterprise Software
Financial Services
Legal
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1851
Find jobs on Simplify and start your career today