SpeedTax is a sales tax automation SaaS product. As a Software as a Service

Software as a Service

Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...

 product, it allows businesses to automate the core elements of sales tax compliance: research, calculation, collection, reporting, filing and remittance of sales tax.. SpeedTax also provides management tools to enable snapshot views of reporting, treasury management and audit responsiveness.
SpeedTax automates the management of returns filing – the review and approval process, submissions of returns, and remittances. SpeedTax provides automatically prepared, signature-ready tax forms in interactive PDF format.

SpeedTax Integrations

The SpeedTax SaaS sales tax management service integrates with numerous accounting software applications including Sage MAS 90

MAS 90

Sage MAS 90, also known as MAS90, is accounting software offered by Sage.First offered in the mid 1980s by a company called State of the Art, Inc, the Master Accounting Series for the 90's gained significant market share by developing a reseller channel largely made up of Certified Public Accountants...

 ERP, Sage MAS 200 ERP, Sage Accpac

ACCPAC

Accpac is the common name for the Sage ERP Accpac line of Accounting Applications, primarily serving small and medium sized businesses. Sage ERP Accpac is now produced by Sage following its acquisition in 2004....

 ERP, Microsoft Dynamics GP

Microsoft Dynamics GP

Microsoft Dynamics GP is a mid-market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localisations. It uses either...

, and Intuit's Quickbooks

QuickBooks

QuickBooks is a line of business accounting software developed and marketed by Intuit.-History:Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA...

 Pro, Premier and Enterprise Editions..

SpeedTax Software Developer Kit (SDK)

In addition to existing ERP integrations, SpeedTax offers software development kits (SDK) available for integration into eCommerce, POS and custom ERP applications. The SpeedTax SDK is a set of tools, code samples, documentation, and libraries that developers can use to connect any financial, e-commerce, point-of-sale, or custom-built application to the SpeedTax Web-services API to get accurate, on-demand sales tax calculations. The SpeedTax calculation service eliminates the need to look up or maintain sales tax rates, jurisdiction boundaries, and taxability, and online tools are provided to access reports and manage unique variables like product taxability and nexus. For a comprehensive sales tax automation and management package, the SpeedTax Plus service fully automates sales tax returns, filing and remittance. SpeedTax Pro, designed for tax professionals, features an administrative dashboard that allows them to manage and review sales tax compliance for multiple clients.

Supported Environments

The SpeedTax service can be used by any SOAP-compliant programming language that also supports the WS-Security standard. Integration Toolkits are available for .NET with WSE 3.0, Java

Java (programming language)

Java is a programming language originally developed by James Gosling at Sun Microsystems and released in 1995 as a core component of Sun Microsystems' Java platform. The language derives much of its syntax from C and C++ but has a simpler object model and fewer low-level facilities...

, and with PHP

PHP

PHP is a general-purpose server-side scripting language originally designed for web development to produce dynamic web pages. For this purpose, PHP code is embedded into the HTML source document and interpreted by a web server with a PHP processor module, which generates the web page document...

. The Integration Toolkits include wrappers to simplify the calls to SOAP, example code, and documentation.

Included with the SDK are detailed integration guidelines and documentation, and fully functioning sample code. For simplified access, wrappers are provided for common technologies.

Streamlined Sales Tax Project (SSTP)

Organized in March 2000, the Streamlined Sales Tax Project (SSTP) objective is to simplify and modernize sales tax

Sales tax

A sales tax is a tax, usually paid by the consumer at the point of purchase, itemized separately from the base price, for certain goods and services. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale....

 and use tax

Use tax

A use tax is a type of excise tax levied in the United States. It is assessed upon otherwise "tax free" tangible personal property purchased by a resident of the assessing state for use, storage or consumption of goods in that state , regardless of where the purchase took place...

 collection and administration in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

.

SpeedTax was certified as both a CSP (certified service provider) and CAS (certified automated solution) by the SST Governing Board in 2008.

The SSTP is setting up a system by which Internet e-commerce companies can voluntarily pay state taxes to the states in which their customers reside. The incentive the SSTP is offering companies is rather than try to work out how much tax a company owes for each locality they can instead use a CSP. In addition, "the states that are in compliance with SSUTA (Member States) will offer advantages to those sellers who use a CSP.” Today, twenty-two states have adopted the simplification measures in the Agreement (representing over 31 percent of the population) and more states are moving to adopt the simplification measure.

History

SpeedTax was founded by Anton Donde and Morris Karolicki in 2007 in Laguna Hills, California. During the product design phase, Karolicki and Donde took aim at the negative effects of sales tax complexity on business operations and growth.

SpeedTax Core Team:

• Anton Donde – CEO


• Morris Karolicki – CIO
  
• Brian Austin – Director of Public Relations
  
• Diana DiBello – Director of Product Development
  

SpeedTax utilizes a VAR (value-added resellers) and CPA network to deliver its service to clients.

SpeedTax was acquired by CCH, a Wolters Kluwer business, on July 26, 2011.