Sales Tax DataLINK of Bentonville received a new patent for sales tax software that is titled: “System and Method for Tax Filing, Data Processing, Data Verification and Reconciliation.”
“Sales tax compliance becomes more sophisticated and complex every day, so businesses need new technologies to stay ahead of these challenges.” said Noel Hamm, CEO of Sales Tax DataLINK. “The patent has been awarded on the basis of innovative technology that gives companies the ability to evaluate the health of their sales tax systems and to make educated corrections resulting in more accurate tax filing each month.”
The new Sales Tax DataLINK software automates the validation steps providing business intelligence, resulting in fewer errors and better tax filing.
States are beginning to use technology to connect internal data sources to identify issues with indirect tax compliance. States are using this technology to identify and schedule taxable audits, so businesses must take a more granular approach in their review process, the release states.