Press Release Details

New Strategies for CPAs to Help Clients during Current Economic Difficulties

NEW YORK, Aug. 13 /PRNewswire/ -- The Tax & Accounting business of Thomson Reuters recently released a significantly revised guide, PPC's Guide to Tax Planning Strategies, to help CPAs turn recession struggles into tax-saving opportunities for their clients.

"The current recession is producing an epidemic of financial losses, layoffs, real estate foreclosures, declining asset values, and unprecedented economic uncertainty," said Blake Smith, senior director of Product Development at the Tax & Accounting business of Thomson Reuters. "PPC's Guide to Tax Planning Strategies offers ways to help clients save taxes, maximize deductions, improve cash flow, deal with employment issues, fully utilize net operating loss deductions, and plan for better times."

Smith added that retaining clients is foremost on the minds of many CPAs today and goes hand in hand with effective tax planning services that benefit their clients.

Fifteen of the 55 chapters in PPC's Guide to Tax Planning Strategies are new, covering strategies to:

    --  Recover from a real estate foreclosure;
    --  Fully utilize net operating losses;
    --  Survive bankruptcy;
    --  Maximize the deduction for fraudulent theft losses;
    --  Minimize FICA and SE tax;
    --  Realize the maximum proceeds from a proprietorship disposition;
    --  Survive and prosper when employment is terminated;
    --  Retain key employees during economic turmoil; and

    --  Properly classify workers to avoid penalties and interest.

The newly revised guide also includes updates to executive summaries, client letters, and practice aids to help clients:

    --  Minimize alternative minimum tax (AMT);
    --  Maximize bonus depreciation;
    --  Utilize eligible tax credits;
    --  Benefit from family limited partnerships;
    --  Manage investment losses to reduce taxes;
    --  Re-evaluate retirement prospects; and

    --  Defer compensation.

Additional information can be obtained by visiting http://ppc.thomsonreuters.com or calling 800-323-8724.

About 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, scientific, healthcare 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 in more than 100 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (Nasdaq: TRIN). 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 Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.

SOURCE  The Tax & Accounting business of Thomson Reuters
    -0-                           08/13/2009
    /CONTACT:  Ruth Ann Baker (U.S.) of The Tax & Accounting business of
Thomson Reuters, +1-972-250-7438, ruth.ann.baker@thomsonreuters.com/
    /Web Site:  http://thomsonreuters.com/ /
    (TRI TRIN)

CO:  The Tax & Accounting business of Thomson Reuters; Thomson Reuters
ST:  New York
IN:  FIN PUB
SU:  ACC PDT

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8344 08/13/2009 12:00 EDT http://www.prnewswire.com