SpeedTax

SpeedTax Manager – SpeedTax

Website: http://www.speedtax.com/

Catagory: SSales Tax Solutions for QuickBooks, Sage and Microsoft

Product: ProductLink

Best Fit

  • Small to mid-size business needing extensive sales tax calculation support

Strengths

  • Executive Reporting Dashboard
  • Intuitive taxability, nexus and exemption management tools
  • Real-time address validation and jurisdiction research
  • SST-Certified
  • Automated submission of returns to taxing authorities
  • SSL (Secure Socket Layer) encryption to protect files, fully 128 bit/ https secured
  • Custom reports and views

Brief Product Description and Pricing

  • SpeedTax solution is hosted in a complete SAS70 compliant environment. SpeedTax is a provider of web-based, fully-automated sales tax compliance and management services for small to large businesses. There is no timeframe requirements, and no transactional overages penalties.
  • One-Time Activation Fee $495.00
  • Transactions: ( One transaction equals one ship to address with up to 20 line items) Pricing as of July 2008 is as follows, please check www.suretax.com for most current pricing.
SpeedTax

Pro provides:

  • Privileged, secure access to client information and settings so you can easily take care of taxability and filing management on their behalf, track liabilities, and quickly identify accounting and business issues related to sales tax compliance.
  • Streamlined generation of signature-ready tax forms. The approval process is automated, with built-in controls to save time and eliminate human error. If you so choose, submitting forms and remittances to the proper taxing authorities can even be taken care of for you. And, tools are built in to ensure tax-filing deadlines are anticipated, so you’ll be prepared and on time, every time with a minimum of effort.
  • Configurable executive dashboard reports, management reports to your specification, and detail reports down to the transaction level.
  • Management of taxability, nexus, sourcing rules, exemptions, exceptions, shipping locations, SST volunteer status and other settings unique to your clients’ businesses.
  • Easy importation of client tax data – either entirely automated and invisible to you in cases where the client is running SpeedTax MANAGER, or in other cases, handled with easy-to-use wizards.

Technical Specifications

  • SaaS Internet-based solution

Integration with Accounting and Ease of Setup

  • Integrates with solutions from Intuit, Sage and Microsoft

Representative Client List (if available)

Company History and Contact Information

  • SpeedTax was founded by Anton Donde and Morris Karolicki on the premise that businesses of all sizes should be able to confidently, accurately and affordably outsource the most repetitious and time-consuming aspects of sales tax compliance, while simultaneously accessing sales tax management tools built to rigorous CPA specifications.
  • When designing its solution, SpeedTax took aim at the negative effects of sales tax complexity on business operations and growth. With over 13,000 taxing authorities across the country, thousands of rule and jurisdiction boundary changes every year, and a host of business-specific exemptions, exceptions and variations, sales tax compliance is an operational burden and distraction that must be streamlined in order to scale a business efficiently into new markets.
  • SpeedTax, Inc.
    23011 Moulton Parkway, Suite F2
    Laguna Hills, CA 92653

    Phone: 1.888.349.2441

    Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Commentary (The following is provided by the Editor with notes and comments from others.)

There are essentially three products: Core, Plus and Pro.

SpeedTax MANAGER Core is the essential SpeedTax service, all-inclusive with the exception of automated returns and filing (provided with SpeedTax MANAGER Plus). If your requirement is to have real-time, automated sales tax calculation tightly integrated with your financial or e-commerce system, along with management tools to enable reporting, treasury management and audit responsiveness, SpeedTax MANAGER Core makes it easy.


Core provides:

  • Executive dashboard reports, highly functional management reports, detail reports down to the transaction level, tracking tools and comprehensive audit trail.
  • Management of taxability, nexus, sourcing rules, exemptions, exceptions, shipping locations, SST volunteer status and other settings unique to your business.
  • A link with your financial or e-commerce application to drop correct sales tax calculations directly into your invoicing or customer set-up processes so you avoid rate look-ups and any potential manual error.
  • Unmatched accuracy in jurisdiction and rate determinations, powered by the SpeedTax Service Engine™ - SpeedTax’s high-performance, certified rules-based engine that is always up-to-date with geographic data, state rules, and your unique business variables..

SpeedTax MANAGER Plus includes all of the Core functionality and no-software simplicity, but also automates and enhances your management of filing – the review and approval process, submissions of returns, and remittances – adding up to the fully-automated, comprehensive sales tax management and automation solution your business has been waiting for.

Plus provides:

  • Automatically prepared, signature-ready tax forms. The approval process is streamlined with built-in controls to save time and eliminate human-error. Submitting documentation and remittance to the proper taxing authorities is taken care of for you. And, tools are built in to ensure tax-filing deadlines are anticipated so you’ll be prepared and on time, every time with a minimum of effort.
  • Executive dashboard reports, highly functional management reports, detail reports down to the transaction level, tracking tools and comprehensive audit trail.
  • Management of taxability, nexus, sourcing rules, exemptions, exceptions, shipping locations, SST volunteer status and other settings unique to your business .
  • A link with your financial or e-commerce application to drop correct sales tax calculations directly into your invoicing or customer set-up processes so you avoid rate look-ups and any potential manual error.
  • Unmatched accuracy in jurisdiction and rate determinations, powered by the SpeedTax Service Engine™ – SpeedTax’s high-performance, certified rules-based engine that is always up-to-date with geographic data, state rules, and your unique business variables.

SpeedTax MANAGER Pro strengthens a CPA firm's ability to ensure consistency and accuracy for multiple clients, while providing specialized online administrative tools to expertly handle its clients' sales tax policies and filing processes.