SpeedTax — SpeedTax Core, Plus & Pro

 

2011 Overall Rating 4.75

 

Best Fit:

Businesses with increasingly complex sales tax management and reporting needs across multiple jurisdictions that are looking to integrate real-time sales tax rates and calculations into the business’ sales platforms.

Strengths:

• Integrated, real-time rates & calculations
• Multi-user review/sign-off processes
• E-mail due date & workflow reminders
• Multi-entity management with Pro version
• Comprehensive jurisdictions for United States & Canada

Potential Limitations:

• Only offers integrated e-file/payments to Arkansas

Executive Summary & Pricing:

SpeedTax is best suited for businesses with increasingly complex sales taxation compliance requirements, providing an integrated tax calculation system that automatically finds and routes appropriate rate calculations into the business entity’s sales and e-commerce systems. Through an optional compliance service, businesses can also have SpeedTax generate and submit all jurisdictional returns and payments. The Pro version offers additional features for accounting professionals managing the compliance needs of multiple business entities. Pricing for the Core tax calculation engine is based on the volume of transactions, with 1,200 annual transactions costing about $800 per year. The addition of the Plus forms preparation and due date monitoring system starts at $600 for a dozen annual returns. Plus can also be used as a stand-alone return preparation system, with the ability to import data from outside accounting applications.

Product Delivery Methods:

___ On-Premises

_X_ SaaS

___ Hosted by Vendor

 

Basic System Functions 4.75

Compliance Capabilities 4.75

Integration/Import/Export 5

Help/Support 4.5