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Vertex updates Communications Tax Q Series.

M2 EQUITYBITES-May 10, 2017-Vertex updates Communications Tax Q Series

(C)2017 M2 COMMUNICATIONS http://www.m2.com

Vertex, Inc., a leading provider of corporate tax software and services, has launched Vertex Communications Tax Q Series Version 3.00, the company said.

The solution enables companies to more accurately calculate taxes and fees for communications services in all jurisdictions in the United States (including all US states, territories and possessions) and Canada that impose complex line-based taxes, surcharges or fees.

New features help providers navigate the increasing complexity of communications tax and eliminate taxability errors that could lead to non-compliance.

The intricacy of the telecommunications industry line-based taxation has intensified with the emergence of new services and delivery channels making processing taxes difficult for carriers. While taxation initially was based on per-line charges, innovations like VoIP, wireless and other advances rendered this approach ineffective.

Navigating communications tax now requires extensive knowledge and resources to avoid unintentionally subjecting customers to miscalculated fees.

Vertex Communications Tax Q Series Version 3.00 simplifies line-based taxation process and multi-jurisdictional approach to help providers avoid tax data management and compliance challenges as well as customer relationship risks.

Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data.

Vertex provides cloud-based, on-premise, and hosted solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, Vertex is a privately held company that employs over 850 professionals and serves companies across the globe.

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Publication:M2 EquityBites (EQB)
Date:May 10, 2017
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