ARLINGTON, Va., Aug. 20, 2015 /PRNewswire/ -- Bloomberg BNA announced the release of BNA Sales Tax Rates, its next generation Web-based solution that delivers accurate and up-to-the-minute sales and use tax rates for every taxing jurisdiction in the U.S. (including Puerto Rico) and Canada. Touting an all new Web-based interface, more granular search options and the ability to receive automatic delivery of access links to the latest sales tax rates, companies now can get accurate sales and use tax rates when, where and how they need them.
"With nearly 10,000 U.S. taxing jurisdictions, sales and use tax compliance is a time intensive, labor intensive, complicated and costly compliance obligation," said Pat Bryant, senior product manager of Bloomberg BNA's software products. "Laser-focused on providing broader coverage and a greater level of precision, BNA Sales Tax Rates helps address this administrative nightmare by reducing errors, alleviating audit risk and eliminating under or overpayment of sales tax."
Key benefits of BNA Sales Tax Rates include:
- Greater flexibility and precision. BNA Sales Tax Rates offers a variety of powerful search options for jurisdictional boundary identification and tax rate determination, including city, county, ZIP Code, ZIP+4 Code and street address. Address validation and formatting based on USPS standards is automatically applied and sophisticated location assignment technology adds an even greater level of precision.
- Expanded coverage and time savings. BNA Sales Tax Rates provides both current and historical sales and use tax rates for every taxing jurisdiction in the U.S. including Puerto Rico, and now includes Canada rates.
- Customized preferences. BNA Sales Tax Rates is easily customized and can be used to automate delivery of access links to the latest sales tax rates, which can be aligned with customers' unique processes.
Backed by Bloomberg BNA's renowned industry tax expertise, BNA Sales Tax Rates addresses the needs of small to large businesses alike across a wide range of vertical industries such as retail, ecommerce, manufacturing, and wholesale trade & services. The optional BNA Sales Tax Exporter is also available to import rates into any financial, e-commerce or point of sales application.
For more information about BNA Sales Tax Rates, visit here.
About Bloomberg BNA's Software Products
Bloomberg BNA offers expert software products for tax and accounting professionals. We are the solution for professional firms and corporations of every size, who depend upon Bloomberg BNA's software products for the highest degree of tax, regulatory, and compliance expertise. To learn more visit www.bnasoftware.com.
About Bloomberg BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans a full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety. To learn more visit www.bna.com.
SOURCE Bloomberg BNA