There are 3 C’s in Sales Tax: Compulsory, Complex and Costly. If you are a company doing business in one state or many states, you are familiar with the headache of calculating, preparing and filing sales tax returns. Automating the sales tax process can save you money and effort! Sage Sales Tax provides the most complete compliance solution — from the point of sale to electronic filing and payment — streamlining a cumbersome process for millions of businesses and reducing the risk of loss or penalty in case of an audit.
There are many benefits to using the Sage Sales Tax solution. First, accuracy. Sage Sales Tax has the most comprehensive jurisdictional assignment capabilities, extensive research, and the most up-to-date rates and boundary information. Second, speed. Sage Sales Tax quickly applies sales tax calculations in the background of MAS via a secure, encrypted Internet connection. There is no disruption to your workflow. Third, reports. Detailed, on-demand reports provide you with quick access to the information you need to prepare and submit sales tax returns. Fourth, rules and regulations. As we all know, the calculation of sales tax is based on more than just a simple tax rate. Sages Sales Tax easily manages nexus and taxability rates. Fifth, ease of use. The set-up process is easy, enabling you to immediately begin saving effort and money.
Sage Sales Tax is a hosted, Web-service-based solution that automatically performs address validation, sales tax jurisdiction research, and rate calculation, all on the fly within your accounting application, with no change to your existing workflow. Sage Sales Tax integrates with Sage MAS 90, Sage MAS 200 and Sage MAS 500. Pricing is in the form of a set-up fee as well as a monthly fee based on an estimated transaction volume for the first year. If the transaction estimate is exceeded, you can upgrade to the next level of service or continue by paying a small per-transaction fee. Tax rate and statutes are provided in the Sage Sales Tax database, so you never have to install an update or a rate change.
Remember, dealing with sales tax doesn’t have to be time-consuming or error-prone. Feel free to contact me if you would like further information regarding this service.