Sales and Use Tax System
Built upon industry-leading tax research and proven technology, the Sales and Use Tax System is the right choice if your business operates within the confines of the U.S. and/or Canada, operates regionally, or is looking for a tax calculation solution for its U.S. or Canadian operations. ADP’s Sales and Use Tax System can help you lower your company’s total cost of tax compliance while freeing your staff to focus on higher-level activities such as planning and analysis.
A Tax Solution for Retail Point of Sale Transactions
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Scalable to accommodate multiple business models
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Superior POS functionality delivers both invoice and line-level processing
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Precise taxing jurisdiction assignments through VeraZip or GeoTax
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Sales tax exemption processing (STEP)
ADP offers a variety of installation options so you can select the approach that best suits your company. For example, our Product Taxability Matrix can be installed on individual cash registers, on store servers to be shared among registers, or on a central server to be shared among stores. We also offer a POS system fed with Taxware data.
ADP's Sales and Use Tax System is a tax calculation and reporting system, combining tax research and technology. Operating as an integral part of your existing financial or accounting system, the Sales and Use Tax System automatically calculates taxes for sales, use, purchases and rentals.
ADP’s Sales and Use Tax System provides your business with a fully automated system, including built-in functionality to protect against audits, obsolete data, and changing tax laws. It covers all U.S. and Canadian tax jurisdictions and is updated at least once a month.
Key features
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Completes all tax calculations including exemptions, special rates, caps and thresholds
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Seamlessly transmits tax calculation results to your business' accounting or finance software for presentment on a transaction document or UI screen
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Records tax calculation results in the Sales and Use Tax Solution Audit File for later reporting
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Provides comprehensive reporting with line item detail
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Includes a comprehensive Product Taxability Matrix
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Handles full and partial exemptions and has the ability to prevent overrides
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Comprehensive Product Taxability Matrix
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Researched, maintained, and constantly expanded by our in-house tax professionals
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Includes a database of rules for thousands of situations, including full and partial exemptions, special rates, caps, and thresholds
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Contains over 2,000 classifications of products and services
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Ability to map products to the Matrix and add customized product codes unique to your business
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Detailed file for internal and external audits
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Resulting data may be fed into the ADP filing solution (TaxSolver) for automated tax returns and reporting
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Addresses tax compliance for purchases with consumer's use tax capabilities
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Allows for tax decisions by vendor, business location, product, service, cost center or project
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Ease of use with Graphical User Interface (GUI)
Tax professionals can set up and maintain the Sales and Use Tax Solution with minimum IT support
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Security features control access to specific functions
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Greater functionality for your business' tax structure because of one-time set up on:
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Product mapping
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Report generation
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Tax rate and code updates
Easy administration of tax collection obligations
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Establish multiple or separate business location profiles, regardless of location specific taxing requirements
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Turn off the taxing jurisdictions where your business does not have a tax collection obligation
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Ensures precise taxing jurisdiction assignment through VeraZip Link to VeraZip
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Provides a simple and flexible solution using current, address-driven methodology based on ZIP Codes
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Interfaces with your company's enterprise system, providing accurate tax jurisdiction assignment
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Identifies ZIP Codes within multiple counties and/or cities, and outside city limit conditions
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Captures additional information, such as county name and code
Sales Tax Exemption Processing (STEP): The industry's only buy-side/sell-side exemption processing
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Customizes the maintenance of tax exemption records by storing and tracking exemption certificates for future use
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Integrates with a client's billing or invoicing system through the ADP’s Sales and Use Tax Solution
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Helps you avoid costly exemption errors
Complete exemption flexibility
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Automatically calculates exemptions by location, product or service, customer, vendor, cost center, business location, project, job or any combination of the above
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Ability to customize exemptions for any client or vendor transaction
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Permits selection of tax jurisdiction level to which the exemption will apply
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Creates a complete log of tax-exempt certificates
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Allows total control over tax-exempt client and/or vendor criteria by the tax department
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Identifies certificates nearing expiration and flags them in advance of expiration date
Interested in learning more? Contact us or call 1.800.CALL.ADP, ext. 228 (1.800.255.5237, ext.228).