Taxware, a provider of tax calculation and compliance solutions and a subsidiary of First Data Corp, has launched TaxSolver 4.2, tax return generation software with Sarbanes Oxley compliance functionality.

With the new release, users can view their tax calculated versus tax remitted from a sales tax perspective. The software enables the creation of reports for audit purposes, and gives tax directors working to meet upcoming compliance deadlines more control.

Compatible with Taxware's Sales and Use Tax System, as well as non-Taxware tax data sources through import capabilities, Tax Solver processes and converts imported data to automatically generate tax returns. It will also track payment information, schedule filing frequency, and estimate payments, while automatically incorporating updated tax forms and rates each month.

Version 4.2 includes the addition of ReportSolver, which provides a SOX compliance profile as well as current liability, while a vendor-mapping feature allows the assignment of vendor ID numbers, and users have the ability to create electronic payment requests for exporting payments. A complete TaxSolver 4.2 installation starts at $15,000.

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