Sabrix Managed Tax
Sabrix (Thomson Reuters)
Sabrix is a Thomson Reuters company, and
is part of the onesource Indirect Tax family.
On the high end, onesource has recently
introduced Indirect Tax, which is targeted
at large enterprise corporations and those
with global taxing calculations and reporting requirements. Sabrix also offers the
Managed Tax Service for small to midsized
MTS is a completely outsourced sales and
use tax service that handles pretty much all
aspects of the process. The service provides
validation of rates and taxability. It then performs the calculations, prepares the requisite
forms for the tax jurisdictions in which the
client has a liability, and reviews the forms
and calculations before filing or, where applicable, e-filing the return. MTS even handles
the remittance (assuming your client has set
up an account Sabrix can access for this).
Sabrix can even handle the preparation
and representation for a sales tax audit for
your client, though for many practices, this is
likely to be one area where you will probably
want to take a more direct role.
To some extent, this approach is analogous
to a modular accounting system, where you
(and your client) can pick and choose what
parts of the sales tax research, calculation,
preparation, and even audit support you and
they want Sabrix to be responsible for. With
this flexibility, Sabrix MTS makes it easy for
you to help your client configure the services
so they get the most for their budget.
The Speed Tax product line consists of three
major offerings — Speed Tax Manager Core,
Speed Tax Manager Plus and Speed Tax Manager Pro. The Core product is Speed Tax’s calculation engine. Core provides the tax rate
and address verifications, taxability of sales,
nexus management, exemption handling,
and jurisdiction determination. The Core
database includes more than 14,000 taxing
jurisdictions and is meant to be used with
a client’s accounting/ERP system, including those that provide POS and e-commerce
A wide number of these integrations are of-
fered, and include Microsoft Dynamics, SAP,
NetSuite, Sage MAS and Accpac, and others,
with a software development kit available if
there is not already existing integration with
your client’s system.
ONESOURCE Indirect Tax
Thomson Reuters’ high-end onesource
Sales and Use Tax products recently were
renamed. Sabrix, which is also part of the
Thomson Reuters family, also falls under
the onesource umbrella, but the Managed
Tax Services that Sabrix offers are targeted at
somewhat smaller companies than the ones
sold directly under the onesource Indirect
For larger enterprises and those that have
global needs for sales, use and VAT tax verification, calculation, recording, and other
compliance issues, onesource has two sets
of solutions— the Determination, Calculation and Recording solutions, and the Compliance and Remittance solutions.
The Determination, Calculation and Re-
cording solution is the actual onesource tax
engine, with tax rate tables as well as tax rules
and algorithms for over 13,000 jurisdictions.
onesource is available to integrate with a
large number of enterprise ERP systems,
including SAP and Oracle, and a software
development kit is available for integrating
the tax engine with applications that don’t al-
ready have an integrated version available.
Vertex Indirect Tax
Another vendor with sales and use tax solutions for your larger clients is Vertex. As with
many of the vendors detailed here, the Vertex
O Series is targeted at large enterprise business, often with global VAT tax concerns. In
North America, the Vertex O Series provides
tax calculation for U.S. state and local sales
and use tax, VAT taxes in Mexico, and Canadian GST, PST and Harmonized Sales Tax.
There are also tables and calculation for Central and South America, the European Union,
the Middle East, Asia and Africa.
Vertex O Series permits your client to create
custom rules if required, and provides embedded exemption certificate management.
Jurisdictional accuracy is enhanced using
the proprietary TaxGIS, which automatically
determines all the possible jurisdictions for
each address in a transaction and provides
ZIP+ 4 precision as an option.
Extensive reporting options are available,
which are useful in audit preparation, and
the Data Extract utility allows all information stored in the reporting database to be
exported in a variety of formats, including
Excel. This feature is very helpful in performing data mining.
The Vertex O Series does not by itself create required returns. This requires a returns
system such as Vertex’s own Vertex Sales and
Use Tax Returns. This is a Windows PC-based
system to produce signature-ready returns.
An export feature allows the Vertex O series
to be used with return preparation software
from other vendors.
With the ability to service companies with
global requirements, the Vertex O Series Indirect Tax system is server-based, with a Web
interface so it can be accessed through a standard browser and used from anywhere by an
authorized user. AT
INTACCT ADDS BURCH,
BURLINGAME, CALIF. — After nearly three
years as director of partner programs
with ERP software maker Deltek Inc.,
Peyton Burch has left to join cloud-based
accounting and financial management
solutions provider Intacct Inc. as senior
The move reunites the team of Burch
and Taylor Macdonald, Intacct’s vice president of channels, who both worked to
build the channel programs at Deltek and
Best Software before Best was purchased
by Sage. Macdonald joined Intacct in
July. Burch will work with Macdonald to
help grow Intacct’s partner network.
Separately, Intacct has added Los
Angeles-based accounting and consulting firm SingerLewak and JMT Consulting
Group to its partner program.
SingerLewak has integrated an IT
consulting practice into its traditional accounting services practice portfolio, while
JMT has sold and implemented accounting software to nonprofits since 1991.
SIKICH TO PARTICIPATE IN
DYNAMICS ADVISORY BOARD
AURORA, ILL. — Accounting and technology services consultant Sikich LLP has
been invited by Microsoft to participate
in the Microsoft Dynamics SL Advisory
Board. The board is made up of Microsoft Dynamics SL partners who have a
proven expertise and depth of knowledge on the product.
The main goals of the Microsoft
Dynamics SL Advisory Board are to
represent the entire Microsoft Dynamics
SL community, ensure that the Dynamics
SL roadmap meets the collective needs
of the Dynamics SL community, prioritize
investments and assist with trade-off decisions, and provide feedback on product
improvement and new features.
SWK TECHNOLOGIES OFFERS
LIVINGSTON, N.J. — SWK Technologies Inc.
recently completed programming on 71
extended solutions for Sage MAS 90/200
Version 4. 4, designed to provide unique
functionality to all the industries that it
serves, including manufacturing, pharmaceutical, retail, and food and beverage.
Sage discontinued developing and
enhancing these solutions last year; as
a result, SWK developed its own set of
solutions for customers and partners.