New Web site




Taxing Problem Solved

C ompanies that do business across state lines already know that each jurisdiction has its own rules on Internet taxation. One company has codified all these often-complicated laws on its Web site and is making them available for free. Vertex Inc., in Berwyn, Pennsylvania, combines ongoing tax research with advanced software systems to help its subscriber companies automate their state and local tax compliance processes. To keep track of all these tax developments, it maintains a research staff of 60. "Researching Internet tax information is a natural extension of what we do for our subscribers," Vertex spokesman Alex Smith told the Journal. "We then integrate this research and other types of research into our software systems to help our customers stay in compliance."

At the companys World Wide Web site, http://www.vertexinc.com , visitors can click on any state and get a list of taxes on Internet access charges, sales of goods purchased over the Internet and software downloaded from the Internet. Any pending legislation that may change the status also is listed. For free, visitors can sign up at the Web site to receive a monthly e-mail update of Internet tax issues. Vertex hopes to use this free information service to attract visitors interested in staying current on this ever-changing subject. "Weve also done this in the spirit of Web-friendliness," said Smith.

For more information on Internet tax issues, see "Business Group Addresses Online Nexus," JofA, Mar.97, and "New Bill Would Freeze Internet Taxation," JofA, June97.



SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.