|
FOR IMMEDIATE RELEASE Media Contact: Brian Austin Director of Public Relations SpeedTax 949.215.1177 (Office) 707.799.9838 (Mobile)
SpeedTax Awarded Dual Certification by Streamlined Sales Tax Governing Board
Businesses now have access to maximum sales tax audit protection, highest level of accuracy available for tax rate determinations, and a full-service, calculation-to-remittance online solution designed by accountants for accountants
Laguna Hills, Calif. – June 27, 2008 - SpeedTax, Inc., a provider of web-based, fully-automated sales tax management solutions, and the Streamlined Sales Tax (SST) Governing Board today announced that, following a rigorous nine-month testing and evaluation process, SpeedTax has been certified by SST as both a Certified Solution Provider (CSP) and Certified Automated System (CAS). Today’s announcement also recognizes SpeedTax as the only solution provider with a practical sales tax management product for SMBs to have earned both the CSP and CAS designations.
Businesses in the SST-participating states that collect sales tax in accordance with SST rules using a CSP or CAS will receive maximum liability protection in the event of an audit. SpeedTax is one of only four sales tax management service providers certified by the Streamlined Sales Tax Governing Board. Any business located in an SST-participating state can now outsource their sales tax compliance and management functions to SpeedTax, including the calculation, reporting, returns filing and remittance of sales tax.
For those companies located in states not yet participating in the SST Project, SpeedTax offers the same comprehensive online service for automating all aspects of sales tax management as is available to those businesses residing in SST-participating states.
The mandate of the national SST effort is to standardize state sales tax product definitions, state sales tax rates, and sales tax administrative aspects, resulting in a radically simplified state sales and use tax system. Currently 44 states support the SST and nearly half that have enacted (most recently Washington) or are working toward legislation to bring their regulations in line with SST standards. Technology service providers, once SST certified, provide sales tax compliance and management services to businesses in SST-participating states.
SpeedTax differentiates its service offerings from those of other SST-certified sales tax management services in four key ways: Advanced technology. Advantageous use of the latest in Web services and coding economies ensures real-time accuracy in sales tax determinations, no need to buy or maintain software, minimal screen-loads during management tasks, and anytime-anywhere administrative access.
SpeedTax Console™. An online administration and service center that includes executive dashboard reporting and other CPA -designed features that make sales tax management simultaneously intuitive and comprehensive.
SpeedTax Service Engine™. Because the SpeedTax central service is rules-based, its inherent flexibility ensures efficient handling of rule additions and changes, and enables SpeedTax to provide its clients with access to its product taxability table at no cost.
Customer service excellence. As part of a codified corporate commitment, quick response times and informed, helpful SpeedTax staff are a guaranteed resource for SpeedTax clients.
“At a time when so many businesses are becoming aware of the need to protect themselves from sales tax audits, while simultaneously enhancing their business processes through automation, we’re experiencing an overwhelming response from companies and the CPAs who serve them for our accountant-designed sales tax management solution,” said Anton Donde, SpeedTax CEO. “The dual SST certifications earned by SpeedTax demonstrate the level of commitment dedicated to creating the best possible sales tax management solution suited for today’s pace of business and heightened tax compliance scrutiny.”
“The SST Governing Board is very pleased to officially announce the dual certification of SpeedTax, which proved throughout the certification process to be a remarkably sophisticated online solution, and a timely one for businesses electing to stay ahead of the audit curve,” said Scott Peterson, SST Governing Board Executive Director. “With states like Washington recently making the move to participate in SST, and others soon to follow, smart businesses will proactively adopt an SST-certified solution like SpeedTax and get the best possible audit protection along with a fully-automated sales tax management solution.”
More information on provisions of SST to participating businesses can be found at http://cts.vresp.com/c/?SpeedTax/7713cd4432/6854e2f097/ea0e2fc14c.
###
About SpeedTax On-Demand Services SpeedTax MANAGER™ is a comprehensive sales tax automation and management service built by accountants for accountants. It performs real-time, automated sales tax calculations, integrates seamlessly with customers’ financial or e-commerce systems, and provides automatic returns preparation and filing, while enabling reporting, treasury management and audit responsiveness with sophisticated, web-based compliance management and reporting tools.
SpeedTax MANAGER provides:
SpeedTax MANAGER™: Plus, Core, and Pro
SpeedTax MANAGER comes in three editions: Plus, the comprehensive calculation, reporting and returns service; Core, an option that automates calculations within the financial or e-commerce application but does not include returns, and SpeedTax MANAGER Pro, the expert-level automation and management service for professionals in the financial and accounting sectors servicing multiple clients.
SpeedTax MANAGER Pro users get all the benefits of SpeedTax MANAGER Core and SpeedTax MANAGER Plus users—with additional multi-client tools and custom reporting tools to help manage sales tax for a portfolio of multiple clients.
About SpeedTax Headquartered in Laguna Hills, California, SpeedTax was founded on the premise that businesses of all sizes should be able to confidently, accurately and affordably outsource the most tedious, repetitious and time-consuming aspects of sales tax compliance – researching, calculating, posting, reporting and remitting sales taxes – while simultaneously acquiring the ability to better manage their business via online, real-time access to sales tax data. SpeedTax understands that customers want to feel fully confident in the event of an audit, but also believes that customers deserve much more from a complete sales tax management solution. The SpeedTax leadership team established a CPA Advisory Board soon after the company was founded, with the ongoing mission of enabling SpeedTax to consistently exceed what customers expect from a “best of breed” sales tax compliance and management solution. The SpeedTax CPA Advisory Board includes nationally-recognized experts in the tax and accounting fields, in addition to members specializing in areas such as use and excise tax, and IT security.
SpeedTax strives to be the leading customer care provider in its category, and its investment in creating an exceptional Customer Care Division continues to be as intensive as its investment in continuing technology enhancements to its online service solutions.
In the same spirit as customer service excellence, SpeedTax has also devised a pricing scheme that ensures its customers only pay for what they use – there is no penalty system when transaction volumes go beyond original expectations. Pricing is based on predictable monthly service fees, so customers are never penalized with a higher cost for transactions that exceed original projections. And, SpeedTax never requires an annual contract. With SpeedTax, the customer stays in control of the service costs.
For more information on SpeedTax on-demand services, visit www.speedtax.com, call us at 888.349.2441, or contact us via email at pr@speedtax.com.
|
|
1250 SW Railroad Ave, Suite 240A
· Hammond, LA 70403 · 985.542.9390
|