TTR Celebrates 63 Years of Time Saved in Sales Tax Research

Tuesday, April 15th, 2014

 
 
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(McMinnville, OR, April 15, 2014) Transaction Tax Resources, Inc. (TTR) is the leader in providing sales and use tax answers to Fortune 500 companies across the U.S. In providing these answers, TTR's Online Tax Matrix has saved tax department professionals a staggering 63 years of research time since 2009.

"Time savings is what sets us apart from our competition. We know how little time our subscribers have to do tax research. Most of their time is spent on filing tax returns and related compliance issues. That's why we do the research for them, and provide the answers. It enables our subscribers to do their jobs more efficiently." - Alex Bowling, Chief Technology Officer, TTR.

Using traditional research tools to find tax answers takes time - about 20 minutes for a single tax answer. Multiply this by 50 states, and multiple items, and you can see how tax research can take weeks, or even months.

TTR's Online Tax Matrix has over 6 million sales and use tax answers and is organized in a way that 50 state comparisons of these answers can be done with a single click of a mouse. This is how TTR has saved its subscribers years of research time.

"Each time a subscriber compares an item across all states, they save themselves about 16 hours of research," said Bowling. "We gathered the usage data on our website to see how much time people had saved to date. Even we were surprised at the amount of time saved: 63 years!"


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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