(McMinnville, Oregon, March 6, 2014) Local sales and use tax content is now available through Transaction Tax Resources (TTR).
For those that immediately appreciate the significance of this statement, the next question is undoubtedly where to find this content. The answer: www.ttrus.com.
TTR is an online sales and use tax website that provides subscribers with sales and use tax answers. TTR's answers are used everywhere. Fortune 500 companies use TTR's answers to review and keep other firms' research up-to-date. Fortune 1000 companies use TTR's answers to create and perfect tax automation solutions. TTR's answers are used to accurately tax customers in billing systems. TTR is now the only company in the U.S. with Colorado local sales and use tax answers and research.
Transaction Tax Resources' release of local sales and use tax content marks a turning point in sales and use tax research.
"This information is just not available anywhere else. The professional services firms, online providers of tax research, automation providers, and others have never had access to local level sales and use tax answers before; it just didn't exist." Alex Bowling, CTO.
Tax professionals know that the confusion surrounding sales and use taxes rarely ends at the state level. Most states have multiple taxing jurisdictions, including counties, cities, and localities, and according to the U.S. Census Bureau, there are 3,144 counties and 19,540 cities to contend with.
"It is fun when others tell us it can't be done. It is a challenge: a challenge to solve the puzzle others have not yet solved. There are many examples of this. The three that stick out in my mind are retail, healthcare, and now local. We were told there was no way we could accurately tax and maintain daily the tax answers for over 50,000 United Nations Standard Products and Services Codes. It is done and available on TTR. We were told there was no way we could review and accurately tax over 2,000,000 medical products and services. It is done and available on TTR. We were told that several other national firms looked at and walked away from the Colorado local project. We were told there was no way we could work directly with Colorado and their home rule cities to create the first ever local level sales and use tax matrix. It is done and available on TTR. TTR's local sales and use content is the first of its kind. We love getting things done - even more so when they have never been done before." Shon Holyfield, CEO.