eFileSolutions Retains eXubrio to Launch TrustFile Branded Sales & Use Tax Software Nationally
TrustFile will work with marketing consulting firm eXubrio, LLC, to launch new state and local sales tax products nationally.
San Francisco, CA, & Baton Rouge, LA -- April 17, 2003 -- eFileSolutions, Inc., today announced its decision to use consulting firm eXubrio, LLC, to help lead the launch of its TrustFile sales and use tax filing software nationally.
eFileSolutions, doing business as TrustFile, produces and supplies software for electronic filing of state sales, use, unemployment compensation, and other taxes in Florida, South Carolina, and Tennessee. TrustFiles headquarters office is located in Baton Rouge, LA.
We provide software to businesses in states that receive electronic filing and payment of business taxes," said King Woolf, President and COO of TrustFile. We hired the eXubrio team to help us develop a clear value proposition, and our marketing program, as we expand to the remaining U.S. states."
TrustFile was the first company to facilitate electronic filing and payment of state sales tax in the United States through its subsidiary Florida Software, Inc.
TrustFile pioneered electronic sales tax filing and is now creating new software that will increasingly simplify electronic tax filing for businesses," Paul McAfee, Principal and co-Founder of eXubrio, explained. We are supporting the TrustFile team as they develop and launch this software and web services and expand the number of states they serve."
TrustFile is developing a new single nationwide business tax clearinghouse, with one-stop shopping for tax compliance. They are building smart" electronic forms software and an online site containing all rates and logic needed by businesses that want to efficiently file state and local sales and other business taxes. TrustFile products reduce business costs and increase the efficiency of both businesses and state tax agencies.
The business need for TrustFiles products includes:
| | - 8.7 million U.S. business entities that file more than 130 million sales/use and withholding returns annually.
- The IRS, 45 state, and 200+ local sales/use tax agencies that all are separately administered.
- The current paper-based system of registration, filing, payment, and administration that is complex, time-consuming, prone to error, and expensive.
- Businesses and tax agencies that are frustrated with the tax compliance paper chase.
- State tax agencies that are under pressure to improve customer service and exploit technology to increase the efficiency of tax collection.
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| | - Pitts, CTO, King Woolf, President and COO, and Jack Rome, Jr., CEO, founded TrustFile in 2000. Through acquisition of other companies, TrustFile now has 16,000 business customers in Florida, South Carolina, and Tennessee, including 17% of the fortune 100. The firm processes approximately $8 billion per year in tax payments.
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TrustFile is near completion of its new scaleable software and web-based platform for a state and local business tax filing clearinghouse," said Lita Reyes, Principal and co-Founder of eXubrio. The eXubrio team is now focusing on the logistics of launching the new clearinghouse platform, starting with the three initial states, and adding states throughout this year."
Benefits of electronic filing to businesses are reduced cost to prepare and file taxes include:
| | - Time savings for business filing taxes.
- Fewer filing errors, with accurate calculations equaling fewer audits.
- Reduced tax compliance costs.
- Resources redirected to core business objectives.
- Increased operational efficiency.
- Increased competitiveness.
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About TrustFile
Founded in 2000 by Ken Pitts, King Woolf, and Jack Rome Jr., eFileSolutions, Inc., doing business as TrustFile, began developing their new business tax filing clearinghouse platform. Through acquisition, they added 16,000 customers in Florida, South Carolina, and Tennessee in 2002. TrustFile has scheduled the launch of its new clearinghouse platform for this summer. This will mark the start of their initiative to offer electronic state and local business tax filing and payment nationally through a single point.
About eXubrio
eXubrios services help companies improve the financial impact of their marketing and business development activities. eXubrio creates and executes marketing, sales, media relations, and business development programs. The company has offices in Buffalo, NY, and San Francisco, CA.
More information about eXubrio is available at www.exubrio.com.
CONTACT:
eXubrio, LLC,
Paul McAfee
TrustFile, King Woolf
+1 (225) 706-1974 / Kingwoolf@trustfile.com
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