ADP's Taxware division has released ADP Outsourced Sales Tax Service, a system that calculates sales and use taxes, completes forms, and transfers funds to state and local governments.
The system automates tax calculations, filings and payments, as well as back-office services. ADP's Sales and Use Tax System or Taxware Enterprise performs the calculations.
The system includes an audit trail, up-to-date compliance with recent tax laws and regulations, and automated clearing-house payments and tax filings.
"It has all the correct tax rates and all the research," said Annette Kovamees, director of client transaction services at ADP Taxware. "We take all the data and produce all the different forms for all the state jurisdictions. We transfer all the funds to the state jurisdictions in the same way that ADP processes payroll."
Pricing depends on the size of the company and the number of returns processed. For more information, go to www.adptaxware.com.
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