Taxware Certified by Streamlined Sales Tax Governing BoardTaxware, a provider of global transaction tax calculation and compliance solutions, said last week that it has earned certification from the states that are members of the Streamlined Sales Tax Governing Board.
Businesses that use Taxware's certified solution to comply with sales tax collection obligations will now enjoy certain audit and liability
protections from the states that have certified the company.
Specifically, Taxware has earned Certified Service Provider status, allowing businesses to fully outsource all sales tax compliance functions to Taxware. The company will calculate, collect, report and remit liabilities on their client's behalf using remotely accessed certified software.
Under the terms of the contract between Taxware and the Streamlined Sales Tax Governing Board, in this outsourced CSP deployment a volunteer seller that does not have a requirement to collect tax will receive this service free of charge. The states will compensate the CSP for the service.
Taxware is a First Data Corp. company.