AccurateTax.com allows online merchants to calculate and collect sales tax across multiple states, a range of products with different tax classes, and to support various states' sales tax holidays for qualifying purchases.
Merritt Island, FL (PRWEB) July 14, 2010
The Governing Board of the Streamlined Sales Tax Project has named AccurateTax.com as one of only six Certified Service Providers who have met the rigorous certification process for sales tax software solutions. The new enterprise version of AccurateTax.com's TaxTools product allows volunteer sellers with the Streamlined Sales Tax Project to calculate accurate sales tax on all transactions, according to the regulations put forth by the twenty-three states that have passed legislation conforming to the Streamlined Sales and Use Tax Agreement.
The Streamlined Sales and Use Tax Agreement is a cooperative effort of 44 states, the District of Columbia, various local governments, and the business community. Its goal is to encourage and support both retailers (including Internet and mail order businesses) and member states by minimizing the costs and administrative burdens associated with multiple-state sales tax laws. This is achieved through simplification of tax laws, efficient administration procedures, and technology advancements.
"As a Streamlined Sales Tax Certified Service Provider, AccurateTax.com allows online merchants to calculate and collect sales tax across multiple states, a range of products with different tax classes, and to support various states' sales tax holidays for qualifying purchases," states Peter Petracco, Chief Executive Officer, AccurateTax.com. "As a Software as a Service solution, TaxTools Enterprise consists of a small piece of software that connects to the merchant's shopping cart, allowing the merchant's website to communicate with a centralized server that manages all jurisdictional and boundary information, sales tax rates, and taxing authorities."
The benefits of becoming a volunteer seller under the Streamlined Sales Tax initiative and using certified software such as TaxTools Enterprise are: business immunity from audit liability for any sales processed through the software; state-subsidized costs for software in certain cases; a single identification number used to file and pay taxes for member states; the ability to update registration data for all member states at one time and place; and tax returns filed automatically by the Certified Service Provider.
AccurateTax.com is a division of NetBlazon LLC, a private company that has been providing e-commerce software for online transactions since 1999. AccurateTax.com was created to meet the sales tax compliance needs of online retailers of all sizes. For more information about AccurateTax.com or to sign up for a free trial, contact AccurateTax.com at 866-400-2444 or visit http://www.accuratetax.com.
Susan Petracco, Director of Public Relations