FOR IMMEDIATE RELEASE
SpeedTax Announces New Online Sales Tax Compliance Questionnaire
That Help Accountants Determine Clients' Audit Risk
LAGUNA HILLS, Calif. -- August 18, 2008: - SpeedTax, Inc., a provider of web-enabled, fully-automated sales tax management solutions, today announced the immediate availability of an online CPA Questionnaire that allows accounting professionals to quickly and efficiently determine their clients’ sales tax audit risk.
The CPA Questionnaire from SpeedTax was designed to educate clients while collecting key information about zones of risk that accountants can use as a springboard for corrective action. After the client answers a handful of questions under seven categories of compliance risk – audit defense, nexus, taxability, returns and filing, exemptions, and current practices – an immediate snapshot assessment is made, and a full report, including any of the client’s free-form comments, is forwarded back to their CPA.
”Our CPA Questionnaire is the first in a series of educational tools and materials that SpeedTax will be providing to the accounting community, specifically to address the increasing risks that clients are facing with sales tax audit exposure ,” said Anton Donde, SpeedTax CEO. “As an increasing number of states struggle with significant revenue shortfalls, sales tax audit activities will increase proportionally. Accountants can play a critical proactive role in ensuring that their clients are in full compliance with state and local sales tax regulations, and are receiving the highest level of audit protection available. This starts with asking clients more questions around sales tax, helping to educate them about this important area, and learning more about automated sales tax solutions. Using our CPA Questionnaire to jump start this process for the initial inquiry and education process eliminates a significant time and resource burden for accountants.”
Accounting professionals can access the CPA Questionnaire today at: http://www.salestaxquestionnaire.com
The CPA Questionnaire was developed in cooperation with the SpeedTax CPA Advisory Board, whose members include 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 CPA Advisory Board members provide ongoing feedback and guidance for products and features, enabling SpeedTax to consistently exceed what customers expect from a next-generation sales tax management system, and deliver a user experience that is truly designed by accountants, for accountants.
About SpeedTax On-Demand Services
SpeedTax MANAGER™ is a comprehensive sales tax automation and management service built by accountants, for accountants. A Software-as-a-Service (SaaS) solution, it performs real-time, automated sales tax calculations, integrates seamlessly with its customers’ financial or e-commerce systems, and provides automatic returns preparation and filing, while enabling reporting, treasury management and audit defense with sophisticated, web-based compliance management and reporting tools.
SpeedTax MANAGER 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 handled automatically, and tools are built in to ensure tax-filing deadlines are anticipated, allowing for consistent, predictable preparation, on time and 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 to meet the unique needs of each business.
•A link with each customer’s financial or e-commerce application to deliver correct sales tax calculations directly into their invoicing or customer set-up processes, allowing businesses to avoid rate look-ups and any potential manual error.
•Unmatched accuracy in jurisdiction and rate determinations, powered by SpeedTax Service Engine™ – SpeedTax’s high-performance, rules-based engine that is always up-to-date with geographic data, state rules, and all applicable variables unique to a customer’s business.
SpeedTax MANAGER™: Plus, Core, and Pro
SpeedTax MANAGER comes in three editions: Plus, the comprehensive calculation, reporting and returns service; Core, a pared-down 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—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.
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.
