ADP Taxware®
The Taxware International Sales Tax Interface module is designed to update sales/use rates on a regular basis through the use of Taxware's VeraTax rate file.
About Taxware
Taxware is a leading developer of global transaction-based tax calculation and compliance systems. The company works with companies of all sizes, helping them to correctly calculate and remit sales and use taxes in the United States, and provincial taxes in Canada, and value-added taxes in Europe, Asia, and South America.
Taxware's Tax and Government Affairs Organization monitors not only ever-changing tax laws in more than 150 countries, but also legislative initiatives such as the Sarbanes-Oxley Act, the Streamlined Sales Tax Initiative (SSTI), and state sales tax holidays.
Visit the Taxware International Web site to learn more
ADP Taxware® & LeaseTeam: How it Works
To use this integration program, users need to purchase the Taxware International VeraTax rate update from Taxware International and the Taxware module. This is an automated process that will save time, eliminating many hours of manual entry that never seem to keep you in compliance.
Benefits
This feature allows user to update the sales use tax rate codes with the most current sales/use tax rates. With a single step process, you can keep all rates current when you receive the monthly Taxware VeraTax rate file. Once the rates are updated, you have the capability to print a list of all changes.
Automatic creation of tax codes:
Imagine never again creating a sales tax code, even though you're tracking leases all over the United States or Canada. LeaseTeam's Taxware Interface allows users to do a one-time-only, automated process to build the initial rates for all jurisdictions in the U.S. and Canada. Afterward, the auto rate import will keep the rates current for precise, accurate tax rates.
Would you like to automatically assign your tax codes by ZIP code? The tax code will be obtained by matching the ZIP code in the Taxware VeraTax rate file. If different tax rates apply to the same ZIP code, a list of valid codes appear for the user to select the correct code. This is a powerful tool that saves time and reduces errors and unnecessary manual entry.
Exception file maintenance:
If you have unique tax requirements, our exception(s) feature provides full, flexible control over any unique tax calculations. This feature allows for exception(s) to the current tax rates for items such as sales tax grandfathering.