CPA Practice Advisor

JUN 2015

Today's Technology for Tomorrow's Firm.

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June/July 2015 • www.CPAPracticeAdvisor.com 21 SALES & USE TAX Reviews BEST FIT Businesses, tax preparers, and other taxpayers that need up-to-date, easily accessible tax rates and fllable tax forms. PRODUCT STRENGTHS • Ta x r a t e s a r e u p d a t e d r e g u l a r l y, ensur ing that subscr ibers have the latest rates available • Te user interface on BNA Sales & Use Ta x Forms & R ates is intuitive and easy to nav igate, even for new users • Users can schedule a regular export o f u p - t o - d a t e t a x r a t e s w e e k l y, monthly, quarterly, or yearly • T h e p r o d u c t o f f e r s a n e x c e l l e n t select ion of ta x for ms, a nd related business and legal documents POTENTIAL LIMITATIONS • Te product does not currently ofer e-fing or electronic payment options www.bnasoftware.com BEST FIT Te free version of TrustFile is an ideal ft for small business owners and online sellers that are looking for an expedited way to fle tax forms in numerous states. PRODUCT STRENGTHS • Product is ofered at no cost, making it suitable for smaller businesses and online retailers • Te product is easily navigated, with users able to begin using the product immediately • T he company has stated that a pro version of the product will be available in the future • Product provides a nice breakdown of tax liability by state POTENTIAL LIMITATIONS • Product does not ofer e-fling capa- bility trustfle.avalara.com BEST FIT Organizations or accounting frms that need accurate sales tax calculation, rate look up capability, as well as integration with numerous accounting and fnancial systems. Avalara is a certifed streamlined sales ta x (SST) compliance ser v ice provider. PRODUCT STRENGTHS • A fordably priced • Ofers a full suite of sales and use tax products well suited to businesses of all sizes • Product is certifed streamlined sales tax (SST) compliance service provider • Ofers free products for small busi- nesses and online retailers POTENTIAL LIMITATIONS • Product is beter suited to businesses t ha n t hose ma nag i ng or prepa r i ng sales tax returns for clients www.avalara.com BNA Sales & Use Tax Rates and Forms Avalara TrustFile Avalara AvaTax – Sales Tax – Cert Capture - Returns Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078589 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078592 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078594 BEST FIT Sales Tax Ofce from CCH is designed for large corporations that have complex sales and use ta x needs and require c o m p l e t e i n t e g r a t i o n w i t h a c o r e accounting system, making it an ideal solution for businesses with multiple entities, divisions, or locations. PRODUCT STRENGTHS • Works behind the scenes to calculate sa les ta x for la rge busi nesses w it h complex taxing needs • Sales tax rates are updated monthly to ensure proper tax calculation • Integrates with numerous accounting and fnancial products • I nteg rates w it h Sa les Ta x R et u r ns Online to prepare tax forms POTENTIAL LIMITATIONS • Produc t is desig ned for ver y la rge businesses, and is not well suited to those managing client sales tax calcu- lation and fling www.salestax.com CCH Sales Tax Offce Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078598 BEST FIT Te Tax Preparer product from CFS is a good ft for tax professionals preparing sales and use tax for small to mid-sized businesses that are required to file in either California or New York. PRODUCT STRENGTHS • Easy to use interface • Automatic system updates available • Integrates with other CFS products • Users of the California version can e-fle returns • Product prepares the entire packet of doc u ment s for a ret u r n i nc lud i ng c ove r le t t e r s , c l ie nt i nvoic e s a nd mailing labels and envelopes POTENTIAL LIMITATIONS • Only available for sales tax returns in California and New York • Limited integration with accounting sofware www.taxtools.com BEST FIT The CCH Sales Ta x SaaS group of products from Wolters Kluwer Tax & Accounting US is designed for the indi- v i d u a l b u s i n e s s o w n e r, a s w e l l a s accounting frms that manage the sales tax reporting for multiple clients, and need real-time sales tax calculations that can integrate directly into a client's accounting or financial management program. PRODUCT STRENGTHS • Ofers a comprehensive real-time tax engine that includes thousands of tax jurisdictions throughout the U.S. and Canada. • CCH Sales Ta x SaaS products are a certifed service provider for SST • Upgrading to PLUS includes auto- matic sales tax form creation • T he PRO version, for accou nt i ng professiona ls, a l lows easy sa les ta x management for multiple clients POTENTIAL LIMITATIONS • Does not support electronic return fling or online payment remitance www.salestax.com CFS Software Sales and Use Tax CCH Sales Tax SaaS Core Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078586 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12078602

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