Sabrix Launches Industry's Most Comprehensive Free Tax Rate Calculator
Sabrix's Free Tax Rate Calculator Service Simplifies Tax Compliance for Small-to-Mid-Sized Companies
SAN RAMON, Calif., February 13, 2007 — Sabrix®, Inc., the leading provider of transaction tax management solutions, today announced the immediate availability of its free Tax Rate Calculator, significantly easing the tax compliance process for small-to-mid-sized companies. The Sabrix Tax Rate Calculator provides these companies with an easy-to-use, online tool to instantly determine sales and use tax calculations for over 11,500 tax jurisdictions. And, unlike competitive offerings, the Sabrix calculator uses addresses at both the point of origin and point of destination for transactions and fully considers product taxability constraints to provide the most comprehensive tax determination footprint and most accurate tax calculations available.
The Sabrix Tax Rate calculator uses an on-demand version of Sabrix's enterprise software and tax research and is supported by a team of tax and legal professionals dedicated to researching the latest developments in tax law. Using the Sabrix Tax Rate Calculator, most small-to-mid-sized businesses, who do not have the tax or IT staffs to deploy an on-premise solution, can tap into the same technology and tax research that powers transaction tax compliance for some of the world's largest companies, including half of the Fortune Global 10.
Sales and use tax rate calculations are determined based upon jurisdiction, the type of product/service sold, and the role of buyer versus seller. For example, most states assess local tax based on the “Ship To" address, while other states determine tax based on the "Ship From" address, while even other states determine tax by a combination of methods. The Sabrix Tax Rate Calculator instantly determines the appropriate local jurisdiction taxes due based on multiple addresses entered into the tax calculator. Small-to-mid-sized businesses can simply type in their unique data through a point and click interface and immediately get free, accurate tax calculations, without having to understand or keep current on the complex tax laws for each jurisdiction.
"Sabrix is committed to eliminating the complexity and error-prone processes of tax compliance for small-to-mid-sized businesses," said Pam Kostka, vice president of marketing for Sabrix. "The addition of our new Free Tax Rate calculator service is the latest example of how Sabrix continues to eliminate the hassle, reduce the cost, and limit the audit exposure for tax compliance."
In addition to this free service from Sabrix, the company also offers the Sabrix Managed Tax Service™ (MTS). Using the same on-demand software and tax research, MTS can be configured with unique taxability and sourcing rules for greater calculation accuracy. Sabrix MTS, which was exclusively developed for growing and mid-sized companies, operates as a trusted extension of a company's finance department, handling the complete sales and use tax and VAT compliance process from start to finish. As a fully automated service, it works seamlessly with a company's accounting software to provide up-to-date rate maintenance, real-time calculation of taxes for financial transactions, timely preparation of signature-ready returns, as well as audit research and support services.
About Sabrix
Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman’s Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company’s existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company’s finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.
For press inquiries:
Kurt Foeller
Foeller Communications
sabrix@foellercom.com