ADP Raises the Bar With Fully Automated Sales Tax Solution
Industry’s First End-to-End Solution Manages Calculation, Return Filing, and Remittance to State and Local Governments
ROSELAND, New Jersey (January 14, 2008) – ADP® Employer Services (NYSE: ADP), a leading provider of human resources, payroll, benefits administration and tax services, today announced the release of the ADP Outsourced Sales Tax Service, an industry first service that automates the entire sales tax function, from calculation of sales and use taxes and completion of forms to the transfer of funds to state and local governments.
“Today we are redefining what a tax solution should be,” said David Forbes, General Manager, ADP Taxware. “Up to now, the debate has been focused on the quality of a vendor’s tax research or the technical merits of a vendor’s tax engine. The reality is that businesses are looking for much more than that. They are looking for an all-inclusive, end-to-end solution, and that’s what we are delivering with the ADP Outsourced Sales Tax Service.”
New Definition of a Tax Solution
With this new offering, ADP performs end-to-end automation of the sales tax compliance process, reducing exposure to tax liability and compliance costs. Specifically, ADP offers full automation of tax calculations, tax filings, and tax payments, and back-office services supporting the entire process. The solution operates as follows:
* Tax calculation is done through one of ADP’s widely-used and proven tax systems: the Sales and Use Tax System or Taxware Enterprise
* Data from the calculation system is automatically placed on government- approved tax forms
* Custody of tax funds is transmitted to ADP for secure remittance to over 11,500 state and local governments nationwide
Removes Burden of Tax Compliance
The ADP Outsourced Sales Tax Service is a fresh, new approach to a challenge that businesses have been grappling with for decades. It provides a long list of benefits, including:
* A defensible audit trail;
* Up-to-date compliance with tax rule changes, reflecting the most recent laws and regulations;
* Automatic tax filings and automated clearing house (ACH) payments, ensuring on-time compliance and avoiding penalties and interest due from late filing.
ADP Taxware, part of ADP Employer Services, provides compliance solutions to calculate sales, use and value-added tax for businesses of all sizes. For more information about ADP Taxware products, please visit www.adptaxware.com or call 877-TAXWARE (829-9273).
Source: ADP
