CCH, a Wolters Kluwer business, introduced their new web-based solution for calculating taxes in the telecommunications industry, CCH CorpSystem SureTax Telecom.
CorpSystem SureTax Telecom, which leverages CCH’s exclusive strategic alliance with SureTax, allows users to easily and effectively calculate telecommunication taxes for billing and compliance. The new system uses software-as-a-service cloud computing technology to perform calculations for over 360 telecom and media services through real-time web access to the SureTax processing engine.
“Not only are telecom firms of all sizes challenged to stay on top of accurate tax calculation issues, but they know that the incorrect application of tax rules might lead to audit liability,” said Bruce Krumlauf, CCH Product Line Manager. “Now, with the new CorpSystem SureTax Telecom, firms of all sizes can benefit from the combination of a cloud-computing, SaaS calculation solution embedded with CCH’s authoritative content.”
CorpSystem SureTax Telecom offers numerous features such as easy integration with in-house reporting systems, detailed report generation, and simplified customer exemption management. In addition, the system regularly updates federal, state and local tax rates and rules for various telecom and media-related products and services for all areas where companies do business. This makes it easier for companies specializing in voice-over Internet protocol, wireless and mobile technology, local and long-distance access charges, pre-paid phone cards, digital goods and bundled services to provide accurate billing, reporting, and tax compliance.
“SureTax Telecom was designed from the ground up with input from telecom industry leaders,” said SureTax President and industry expert Mike Sanders. “By aligning SureTax with CCH’s premier content, CorpSystem SureTax Telecom brings two market-leading resources together in a single solution.