SpeedTax Helps Sage Software, Microsoft Dynamics and QuickBooks Customers Navigate Sales Tax Audit Concerns During Free Webinar

FOR IMMEDIATE RELEASE

SpeedTax Helps Sage Software, Microsoft Dynamics and QuickBooks Customers
Navigate Sales Tax Audit Concerns During Free Webinar

February 24 webinar gives businesses critical information on how to minimize sales tax audit risk, streamline business processes, and reduce overhead by adopting sales tax Software as a Service solutions

Laguna Hills, Calif. – February 10, 2009 – Sales tax audits are a rising threat to businesses of all sizes as state revenues decline. In order to help businesses better understand the risks they face, and take steps to mitigate those risks, SpeedTax, Inc., a provider of Software as a Service (SaaS), fully-automated sales tax management solutions, today announced the availability of a free webinar on February 24, 2009 at 10:00 a.m. Pacific time - “Sales tax audit risk: what you can do to protect your business.” Registration is now open at: https://www2.gotomeeting.com/register/376172336

Led by noted sales tax expert Diana DiBello, the webinar is specifically geared toward Sage MAS 90/200 ERP, Sage Accpac ERP, Microsoft Dynamics GP, and QuickBooks Enterprise, Pro, and Premier customers who want to minimize their sales tax audit risk, reduce overhead related to sales and use tax compliance and management, and streamline their business processes.

During this live webinar, DiBello will demystify business-critical sales tax concepts, give clear direction on how to address crucial areas without the need for developing or maintaining in-house sales tax expertise, and answer attendees’ specific questions. Some of the key points to be covered during the webinar include:

• Nexus: Businesses need to know their connection to each state in which they’re making sales. Too many companies do not understand the nexus implications of sending their delivery person across state lines or hiring a telesales employee in another state.

• Rates: There are, on average, 1.9 sales tax rate changes per day – an unrealistic pace for most small businesses to contend with on a regular basis.

• Sourcing: If a sale is taxable, which jurisdiction is imposing the tax? Businesses must first make this determination so they can apply the correct rate – to do this they must understand the distinction between origin- and destination-based sourcing rules, which can be complicated.

• Taxability: Companies must determine if a customer, product or service is subject to tax. They have to manage resale exemption certificates, interpret state taxability matrices and pay attention to particular nuances.

• Return Filing and Remittance: Once a business decides which state it owes, it must file a myriad of state and local returns with various taxing authorities. California, for example, uses a single consolidated return, but many states require filings in local jurisdictions.

Webinar attendees will learn what audit risks their businesses face, gain a better understanding of where potential exposure exists, and find out how SpeedTax can cost effectively protect their business in the event of a sales tax audit while simultaneously simplifying their business processes.

Space is limited. Register now at: https://www2.gotomeeting.com/register/376172336

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.

Sales Tax Software providing real-time Sales Tax Automation, Use Tax Automation, Sales Tax Return Automation, Audit Protection, and Sales Tax Reporting.

SpeedTax Helps Sage Software, Microsoft Dynamics and QuickBooks Customers Navigate Sales Tax Audit Concerns During Free Webinar

SpeedTax Helps Sage Software, Microsoft Dynamics and QuickBooks Customers
Navigate Sales Tax Audit Concerns During Free Webinar