Vertex SMB Introduces Returns-Only Offering
Berwyn, PA (PRWEB) March 11, 2015 -- Vertex SMB, a leader in sales and use tax solutions for small and medium-sized businesses, has made it easier for finance and tax professionals to prepare sales and use tax returns. The company has introduced a returns-only offering of its cloud-based solution that allows tax professionals at small and medium-sized businesses to import tax data from any financial system to generate accurate and compliant returns. This returns option is the only offering of its kind in the market, and is also available for accounting firms to use to prepare their clients’ sales and use tax filings, enabling them to provide more value-added services for their clients.
By providing the returns-only functionality, Vertex SMB has made it possible for tax professionals to save time, reduce effort, and improve accuracy and compliance when preparing sales and use tax returns. There is no need for custom integrations or software connectors. After setting up an account with Vertex SMB, tax professionals need only export tax data into an adjustment file and upload it into the solution. The solution will automatically populate the most current and up-to-date forms and produce signature-ready PDF returns.
“There are more than 10,000 sales tax jurisdictions in the United States and almost as many tax rates to apply in these jurisdictions collectively. Determining which jurisdictions require returns, identifying which forms to complete, and filling them out and filing on time is a very labor-intensive and complicated task,” said David Henkin, vice president and general manager at Vertex SMB. “If filed late or incorrectly, you risk penalties, interest, and possibly an audit. The returns-only offering helps reduce these risks and complexities. You stay in control of the returns process while letting one of the most respected sales and use tax platforms do the heavy lifting.”
Built on industry-leading Vertex software, Vertex SMB is a scalable, cloud-based solution that offers small to medium-sized businesses a proven, accurate, and secure way to achieve sales and use tax compliance across multiple jurisdictions and states. Tax rules and rates are always up to date thanks to the ongoing research of Vertex’s expert tax team. The solution integrates directly with mid-market enterprise resource planning (ERP) systems and leading e-commerce platforms to help businesses streamline tax calculations and stay compliant with less effort, cost, and risk.
About Vertex SMB
Vertex SMB is the business division of Vertex Inc. dedicated to providing sales and use tax solutions for small and medium-sized businesses. Vertex SMB runs on the most advanced calculation and returns software platform in the industry, used by thousands of the largest corporations in the world. For more information about Vertex SMB, visit http://www.vertexSMB.com.
About Vertex Inc.
Founded in 1978, Vertex Inc. is the leading provider of corporate enterprise tax software and services worldwide. Vertex helps corporations realize the full financial and strategic potential of corporate tax, offering a variety of solutions that streamline, integrate and automate corporate tax processes. Vertex solutions serve multinational corporations in every major line of business tax, including income, sales, consumer use, value added, communications and payroll. For more information about Vertex Inc., visit http://www.vertexinc.com.
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Patellen Corr, Bravo Group, +1 6102638300, [email protected]
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