SpeedTax and TaConnex Form Strategic Partnership to Help
Businesses Manage Sales Tax Processes and Minimize Risk
Laguna Hills, Calif. -- October 28, 2008: SpeedTax, Inc., a provider of Software-as-a-Service (SaaS), fully-automated sales tax management solutions, and TaxConnex, a consulting firm providing sales and use tax support services for multistate businesses of all sizes, today announced the formation of a strategic partnership to provide a full spectrum of sales tax automation and consulting services to business clients nationwide.
The partnership will give SpeedTax and TaxConnex clients access to an end-to-end technology and consulting solution set that addresses all aspects of sales tax management and compliance risk, including audit defense, nexus, taxability, returns and filing, and exemptions.
SpeedTax gives businesses of all sizes an online sales tax management solution that handles everything from calculation and reporting to returns and remittances. SpeedTax delivers the key benefits of a pure SaaS solution – a simple user interface, no need for internal IT support, per-transaction pricing that keeps costs low, and a rules-based engine that allows for changes to be made to a client’s taxability table nearly instantaneously. In addition, SpeedTax requires no annual fee and no annual contract for its service.
TaxConnex, led by tax industry veteran Robert Dumas, brings a wealth of highly-focused sales and use tax support services to the partnership, including: audit support, management and representation; compliance and exemption process reviews; taxability matrices development and review; nexus studies and reviews; prior period tax disclosures; refund claims; use tax accrual procedures; and private letter rulings.
“As companies of all sizes quickly adapt to new and unpredictable economic conditions, they are proactively assessing their level of risk in key business areas,” said Anton Donde, SpeedTax CEO. “Sales tax management and compliance is one of those key areas. The combined technology, consulting, and service bureau resources of SpeedTax and TaxConnex will give clients an all-in-one total sales tax solution that addresses every facet of sales tax as it affects the overall financial health of their business.”
“We’re very pleased to partner with SpeedTax and offer our clients the most technologically advanced sales tax solution on the market today,” said Robert Dumas, co-founder of TaxConnex. “In addition, TaxConnex is uniquely positioned to offer SpeedTax clients a broad range of sales tax consulting services that answer company-specific needs and mirror the same customer service- centric philosophy that they’ve come to expect with SpeedTax. Today’s announcement is very good news for any company struggling to solve their sales tax compliance issues and simplify the overly-complex universe of sales tax calculation, reporting, returns and remittances.”
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.
About TaxConnex
TaxConnex provides comprehensive sales and use tax support services for multi-state businesses of all sizes. Our mission is to deliver outsourced compliance services, consulting expertise and web community resources that focus on ‘customer-intimate’ solutions for all sales and transaction tax requirements. Through a network of sales tax professionals, TaxConnex employs a combination of internet-based resources and professional services to solve sales and use tax compliance and consulting challenges.
TaxConnex, LLC was founded by Ned Lenhart and Robert Dumas, who are two nationally recognized sales and use tax experts. Ned has over 22 years of sales tax consulting experience and Robert has over 10 years of sales and use tax compliance experience. Ned and Robert, together with their network of tax associates, are uniquely qualified and positioned to provide a complete sales tax solution for all types of needs and issues.
For more information, go to www.taxconnex.com or call 877-893-5304 x701.
Media Contact:
Brian Austin
Director of Public Relations
SpeedTax, Inc.
949.215.1177 (Office)
707.799.9838 (Mobile)
brianaustin@speedtax.com
