Taxware, a First Data subsidiary that provides tax calculation and compliance solutions, says its TaxSolver 4.2 application is the first tax return generation software package to include Sarbanes-Oxley compliance functionality.
With this new release, says Taxware, users can view their current liability (i.e. tax calculated) versus compliance profile (i.e. tax remitted) from a sales tax return perspective. These new abilities make possible both the creation of reports for audit purposes and a higher degree of control for tax directors working to meet upcoming compliance deadlines.
“Our customers believe that Sarbanes-Oxley compliance is the most critical issue they encounter,” says Jayme Fishman, Taxware’s senior vice president of sales, marketing and business development. “With TaxSolver 4.2, enterprises are presented with a streamlined summary of their compliance situations, allowing them to identify quickly any trouble areas, and deploy resources accordingly.”