(RIVERWOODS, ILL., June 11, 2001) – Automated population of sales and use tax returns from tax information in a company’s financial system has made sales tax compliance easier than ever for users of ZIPsales® Returns from CCH INCORPORATED (CCH), a leading provider of tax and business information and software. (For more information or to order, visit the CCH Online Store at onlinestore.cch.com or call 866-284-0826.)
Companies can now “offload” the most onerous parts of their state sales and use tax filings to CCH while still keeping control over the process.
“ZIPsales Returns provides timely and accurate sales tax filings with a minimum investment of a company’s time and resources” said Rick Larson, CCH State Tax marketing manager.
ZIPsales Returns software resides on secure CCH sites, accessible anytime and anywhere over the web. Users don’t have to install or maintain expensive software or worry about integrating sales tax reporting with their existing financial systems.
“What’s important is not only what ZIPsales Returns does, but what ZIPsales Returns users don’t have to do,” Larson said.
Works With Company’s Existing Financial Package -
ZIPsales Returns can accept data from virtually any financial package. “There’s no problem when a company upgrades or changes its financial software,” Larson noted.
Financial data is exported to ZIPsales Returns where it populates up-to-date sales and use tax forms, schedules and worksheets for each state or local jurisdiction for which tax is owed. The data flows automatically, and CCH analysts maintain the forms database and calculation logic.
“Users don’t have to re-key data or worry every time a state redesigns a form; ZIPsales Returns even selects the necessary returns a company needs to file based upon jurisdictional information in the company’s data file,” Larson said.
Companies Retain Control
ZIPsales Returns accommodates a variety of company structures and can accept multiple tax data files, transactional data, aggregate data or data from multiple, affiliated entities. Most importantly, taxpayers retain control over the entire filing process. ZIPsales Returns allows administrators to review, edit or override any information on the returns, and a detailed summary report is generated so taxpayers can track liabilities and payments back to their general ledger or accounts payable systems. Returns and detailed summary reports are archived within the product, and users also can download back up copies for additional audit protection.
“Unlike a completely outsourced solution, you don’t give up control with ZIPsales Returns,” Larson said. “You can easily adjust a credit or apply an exemption by editing or overriding an item right on the return form and all of the calculations flow through automatically.”
Users also have a range of filing choices. They can print signature-ready returns or choose “click to e-file” and “click to remit” options for those states that allow for electronic filing and payment. Administrators can change company profiles, add or remove authorized users and designate which bank accounts should be used to pay tax bills. After filing, payment information can be exported for incorporation into the company’s accounts payable system, while the returns and tax data are archived on the CCH servers for audit protection or further report generation.
For More Information
For more information or to order ZIPsales Returns, visit the CCH Online Store at onlinestore.cch.com or call 866-284-0826.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH web site can be accessed at cch.com. The CCH sales and use tax web site can be accessed at tax.cchgroup.com/salestax.