Vertex SMB And TaxCloud Partner To Accelerate And Simplify Sales Tax Compliance

Strategic partnership expands TaxCloud service area and gives even the smallest retailers access to Vertex SMB's cloud solution

Mar 16, 2016, 11:38 ET from Vertex Inc.

BERWYN, Pa. and NORWALK, Conn., March 16, 2016 /PRNewswire/ -- Vertex SMB, the business division of Vertex Inc. that provides sales and use tax solutions for small and medium-sized businesses, and TaxCloud, one of the most popular sales tax compliance services for online retailers, today announced a strategic partnership. This partnership expands TaxCloud's geographic area of automated capabilities to include all U.S. and Canadian jurisdictions, while expanding e-commerce platform support for Vertex SMB to more than 80 of the most broadly-used online selling platforms, with just a few seconds of effort required by merchants.

TaxCloud is certified to provide registration, filing, remittance, and audit response in the 24-member automated compliance states included in the Streamlined Sales and Use Tax Agreement (SSUTA). Until now, however, TaxCloud merchants were forced to "fend for themselves" to meet their compliance obligations outside of these states – usually involving tremendous manual effort.

"We get calls every day from our merchants asking us simply to file their sales tax returns for them in states where we are not yet certified," said David Campbell, TaxCloud's CEO. "Not surprisingly, it is very difficult to accelerate the machinery of federal, state, and local governments to modernize their sales tax regimes, but by partnering with Vertex SMB, we can solve our merchants' problem immediately."

"With our market-leading solution in sales and use tax and TaxCloud's success in serving online retailers, this partnership is mutually beneficial and delivers a high quality solution to the market," said David Henkin, vice president and general manager at Vertex SMB. "Now merchants that operate across the United States and Canada can benefit from TaxCloud's easy-to-use service coupled with our no-obligation pay-as-you-go solution for returns filing."

About Vertex SMB

Vertex SMB, a business division of Vertex Inc., helps automate sales and use tax compliance for small to medium-sized businesses. By enabling calculations and returns in a single, cloud-based solution, offering flexible service levels and featuring attractive pay-as-you go pricing with no upfront fees, Vertex SMB meets the sales and use tax automation needs of growing businesses.

Vertex SMB is built upon Vertex Inc.'s more than 35 years of tax expertise and position as the leading provider of corporate tax software and services. With Vertex SMB, growing businesses can realize the benefits of performing sales and use tax processes on the most advanced calculation and returns software platform in the industry. The solution is available for use as a stand-alone solution or integrated directly with mid-market ERPs and ecommerce platforms. From returns-only processing, tax calculations, and signature-ready PDF returns to outsourcing services that include returns filing and payment processing, Vertex SMB provides a proven and reliable solution for businesses looking to save time, effort, and risk associated with sales and use tax calculation, returns, remittance, and compliance. For information visit www.vertexSMB.com.

About TaxCloud

TaxCloud is a service of The Federal Tax Authority, LLC (FedTax), a Washington Limited Liability Company. FedTax was founded in 2008 by e-commerce veterans from some of the most recognizable brands in e-commerce, driven by a simple mission: offer online retailers a free and easy way to calculate and collect sales tax. Since inception TaxCloud has been designed and feature-curated to ensure ease-of-use and minimal cost for retailers. TaxCloud first achieved certification with the states in 2010. Today, TaxCloud operates from offices in Norwalk, Connecticut, Topeka, Kansas, Oklahoma City, Oklahoma, and Seattle, Washington. TaxCloud proudly services more than 12,000 retailers throughout the U.S. and 87 countries, all of whom rely upon TaxCloud to easily manage their sales and consumption tax obligations. For more information, visit taxcloud.com.

About Vertex Inc.

Founded in 1978, Vertex Inc. is the leading provider of corporate tax software and services for companies of all sizes, from small to medium-sized businesses to global multinationals.

Vertex solutions enable companies to realize the full strategic potential of the corporate tax function. The company offers a variety of products and services that allow businesses to automate, integrate, and streamline their corporate tax processes. Vertex provides solutions in every major line of tax including income, sales and consumer use, value added, and payroll. Vertex also offers tailored solutions for specific industries including retail, communications, hospitality, and leasing.  Vertex Managed Services allows companies to outsource sales and use tax returns and exemption certificate management.

Known for its innovative culture, Vertex is a privately held company that employs 900 professionals across the globe, at its headquarters in the U.S. (Berwyn, Pa.) and offices in Europe (London), Brazil (São Paulo), Dallas, Fort Collins, Naperville, Phoenix, San Francisco, Sarasota, and Seattle. For more information about Vertex Inc., visit www.vertexinc.com.

SOURCE Vertex Inc.



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