ADP Employer Services have released the ADP Outsourced Sales Tax Service, a service that automates the entire sales tax function, from calculation of sales and use taxes and completion of forms to the transfer of funds to state and local governments.
“Today we are redefining what a tax solution should be. Up to now, the debate has been focused on the quality of a vendor’s tax research or the technical merits of a vendor’s tax engine. The reality is that businesses are looking for much more than that. They are looking for an all-inclusive, end-to-end solution, and that’s what we are delivering with the ADP Outsourced Sales Tax Service,” says David Forbes, general manager, ADP Taxware.
With this new offering, ADP performs end-to-end automation of the sales tax compliance process. Specifically, ADP offers full automation of tax calculations, tax filings, and tax payments, and back-office services supporting the entire process. The Tax calculation is done through one of ADP’s widely-used and proven tax systems, the Sales and Use Tax System or Taxware Enterprise Data from the calculation system is automatically placed on government-approved tax forms and custody of tax funds is then transmitted to ADP for secure remittance to over 11,500 state and local governments nationwide.
The ADP Outsourced Sales Tax Service provides a defensible audit trail, up-to-date compliance with tax rule changes, reflecting the most recent laws and regulations and automatic tax filings and automated clearing house (ACH) payments, ensuring on-time compliance and avoiding penalties and interest due from late filing.