ROSELAND, N.J., April 4, 2011 /PRNewswire/ -- ADP®, a
leading provider of HR, payroll, tax, business outsourcing
solutions and benefits administration services, today announced it
has expanded its existing sales and use tax calculation and
outsourced returns filing services to accommodate businesses that
are just looking for outsourced returns. With the ADP Sales and Use
Tax Outsourced Returns Solution, businesses can maintain their
existing sales and use tax configuration, tax calculation and tax
collection processes while reducing the burden associated with
monthly tax filing. Businesses can transmit data files from any of
their existing accounting systems, and ADP will prepare and file
tax returns and securely remit funds to more than 13,000 state and
local governments nationwide.
"With demand for outsourced returns accelerating and the
complexity of the tax compliance process increasing, businesses are
turning to ADP sales and use tax solutions more than ever before.
ADP's reputation and 30-year experience in this market can help
these companies comply with multiple sales tax regulations across
the United States," said
Bob Levis, Division Vice President
and General Manager of ADP's Sales, Use and Value-Added Tax
business.
This offering allows ADP to take the majority of the burden off
the business while performing automation of the sales tax filing
process, reducing operating risk and compliance costs. ADP studies
show that mid-size companies that manage sales and use tax in house
spend on average $81,000 each year on
penalties and interest, while businesses that outsource sales and
use tax returns only pay on average $45,000 annually in penalties and interest.
"With its Sales and Use Tax Outsourced Returns Solution, ADP has
simplified the sales tax process for our organization," said
Marty Sperry, Corporate Controller
at New Sunshine. "Its efficient tax filing and payments services as
well as vital back-end support, allow us to focus our internal
resources on value-added activities, and we appreciate the security
that the process automation provides."
ADP Sales and Use Tax Outsourced Returns Solution helps ADP
deliver:
- Automation of tax-filing processes
- The ability to combine data from companies' current accounting
system(s) to generate tax returns
- Maintenance of 1,200 annual tax form changes and any emerging
new tax forms
- Risk mitigation for audits resulting from late filing and the
remittance of tax
- Management of agency notices, amendments and abatements
- Minimal business interruption
A webinar showcasing ADP's integration of its Sales and Use Tax
Outsourced Returns Solution will be held on April 5, 2011 at 12:00
p.m. Eastern.
For more information, please visit www.ADP.com.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging over 60 years of
experience, ADP offers a wide range of HR, payroll, tax and
benefits administration solutions from a single source. ADP's
easy-to-use solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine
and recreational vehicle dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's website at
www.ADP.com.
Tax Collection Systems consist of:
- ERPs (Oracle, SAP, PeopleSoft, Lawson, JD Edwards, Microsoft
Great Plains, Microsoft Navision, Microsoft Solomon, Microsoft AX,
MAS 90, MAS 500, Sage Accpac, Intuit Quickbooks, etc)
- Point of Sale systems (JDA, NCR, IBM, etc),
- eCom Platforms / Web Stores (Webshere, Netsuite, etc),
- Tax Calculation Engines,
- and any other accounting systems
For more information, contact:
ADP Public Relations
(973) 974-7612
public_relations@adp.com
Nora Hayes, Weber Shandwick for
ADP
(952) 346-6164
nhayes@webershandwick.com
SOURCE Automatic Data Processing, Inc.