TaxSolver Professional

Countries, states, and municipalities are becoming increasingly aggressive as they seek tax revenues from businesses selling inside and across their borders. That reality - combined with constantly changing tax laws - dramatically increases the need for tools that will automate and streamline the tax compliance process while enhancing the accuracy of calculating and reporting procedures.

Taxware's products simplify and automate the tax calculation and compliance process while offering several unique advantages:

Advantage #1
Comprehensive Research
Through Taxware's expert staff of tax attorneys, analysts and accountants, clients are kept abreast of the constantly changing tax codes and rates around the world. Our tax professionals research and analyze every aspect of national and global tax law. Whenever tax laws change, Taxware's research staff updates the system and transmits updates to clients in a timely manner. By providing comprehensive and seamless updates, Taxware's clients focus on tax planning, cost reduction strategies and other tasks that contribute to the bottom line.

Advantage #2
The Industry's Only Fully Populated Product Taxability Matrix
In the U.S. alone, there are over 7,500 taxing jurisdictions. In a single taxing jurisdiction, a product or service may be:

With Taxware's unique Product Taxability Matrix, products and services are continually researched and updated, ensuring automatical taxation at the appropriate rate.

The Product Taxability Matrix contains more than 2,000 classifications of products and services. Clients can map their products and services to the Matrix, and can add product codes unique to their business. In addition, the Matrix accommodates full and partial exemptions and special rates.

Advantage #3
The Industry's Only International Tax Solution
The Taxware WorldTax System is the only Value Added Tax (VAT) system on the market today that calculates tax liabilities for transactions in over 100 countries worldwide. WorldTax is the only system with the reporting requirements for cross-border transactions, detailed calculation for goods and services, and triangular trade processing (transactions involving three or more parties). WorldTax generates Intrastat and VIES reports for European Union Member States and handles tax calculation and compliance for several Asian and Latin American countries.

“Verizon needed an intelligent program that could handle all of our tax issues - under the pressure of our high volumes. Taxware met the challenges.”

Clark Baker
Manager Tax Systems
Verizon