"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," David Henkin, vice president and general manager at Vertex SMB, said in a prepared statement.
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VERTEX OFFERS RETURNS ONLY
VertexSMB has introduced a returns-only product for its cloud-based sales tax application. The new product enables businesses to import tax data from any financial system to generate returns. The company says accounting firms can use the system to prepare clients' sales and use tax filings. After setting up a VertexSMB account, users can export tax data into an adjustment file and upload it into the cloud application, which will automatically populate date forms and produce signature-ready PDF returns.
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