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Taxware
Taxware, LLC is a division of Vista Equity Partners that specializes in sales, use and value-added tax calculation. Taxware is based in Wilmington, MA. Founded in 1979, Taxware is Sarbanes-Oxley Section 404 compliant and one of six Certified Service Provider Platforms available to retailers. In December 2012, Taxware was acquired by Vista Equity Partners from Automatic Data Processing. History Taxware was founded by Dan Sullivan in 1979 as Audio Visual Products (AVP). In 1980 they released their first product, Sales Tax Rate File. AVP changed its name to Taxware, Int’l in 1996 and in 2000 was purchased by First Data Corporation. In 2003, Taxware acquired TaxSolver from ATX and in 2006, First Data Corps sold Taxware to Automatic Data Processing (ADP). In December 2012 Taxware was acquired by Vista Equity Partners. As part of the acquisition, Taxware relocated its headquarters from Salem, NH to Ballardvale Office Park in Wilmington, MA Wilmington is a town in Middle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Streamlined Sales Tax Project
The Streamlined Sales Tax Project (SSTP), first organized in March 2000, is intended to simplify and modernize sales and use tax collection and administration in the United States. It arose in response to efforts by Congress to permanently prohibit states from collecting sales tax on online commerce. Because such a ban would have serious financial consequences for states, the SSTP began as an effort to try to minimize the many differences between the states' sales tax policies and practices. The SSTP was dissolved once the Streamlined Sales and Use Tax Agreement (SSUTA) became effective on October 1, 2005. Mission In prior decisions regarding mail-order sales, the U.S. Supreme Court ruled in 1992 (in the case of Quill Corp. v. North Dakota ''Quill Corp. v. North Dakota'', 504 U.S. 298 (1992), was a Supreme Court of the United States, United States Supreme Court ruling, since overturned, concerning use tax. The decision effectively prevented states from collecting any s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Data Corporation
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provided nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards. First Data has six million merchants, the largest in the payments industry. The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks. It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually, with an 80% market share in gas and groceries in 2014. First Data's SpendTrend Report is a key shopping metric for national news networks such as '' WSJ, USA Today'', '' ESPN'', '' The New York Times'', Vox Media, and '' Bloomberg''. In October 2015, First Data returned to public markets, selling 160 million shares in the New York Stock Exchange’s biggest IPO of that year. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the United States of America, US-specific form of a private limited company. It is a business structure that can combine the Flow-through entity, pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vista Equity Partners
Vista Equity Partners is an American investment firm focused on financing and forwarding software, data, and technology-enabled startup businesses. Vista has invested in hundreds of companies, including Misys, Ping Identity, and Marketo. The company has offices in several cities, including Austin, Texas, New York City, and San Francisco. History 2000–2009 Vista Equity Partners was founded in 2000 by American businessman and investor Robert F. Smith, who serves as chairman and CEO. Vista opened its first office in San Francisco in 2000. In November 2008, the company closed a funding round for its first institutional fund with a total of $1.3 billion raised. Vista is known for applying detailed scrutiny in human resources when investing in firms, in a procedure it calls Vista Standard Operating Procedures. 2010–2019 In 2010, Brian N. Sheth was promoted to president and awarded the title of co-founder of the firm. He remained in this role until his departure in 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax, such as food, education, and medicines. A value-added tax (VAT) collected on goods and services is related to a sales tax. See Comparison with sales tax for key differences. Types Conventional or retail sales tax is levied on the sale of a good to its final end-user and is charged every time that item is sold retail. Sales to businesses that later resell the goods are not charged the tax. A purchaser who is not an end-user is usually issued a "resale certificate" by the taxing authority and required to provide the certificate (or its ID number) to a seller at the point of purchase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Use Tax
A use tax is a type of tax levied in the United States by numerous state governments. It is essentially the same as a sales tax but is applied not where a product or service was sold but where a merchant bought a product or service and then converted it for its own use, without having paid tax when it was initially purchased. Use taxes are functionally equivalent to sales taxes. They are typically levied upon the use, storage, enjoyment, or other consumption in the state of tangible personal property that has not been subjected to a sales tax. Introduction Use tax is assessed upon tangible personal property and taxable services purchased by a resident or entity doing business in the taxing state upon the use, storage, enjoyment or consumption of the good or service, regardless of origin of the purchase. Use taxes are designed to discourage the purchase of products that are not subject to the sales tax within a taxing jurisdiction. Use tax may be applied to purchases from out-of- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilmington, MA
Wilmington is a town in Middlesex County, Massachusetts, United States. Its population was 23,349 at the 2020 United States census. History Wilmington was first settled in 1665 and was officially incorporated in 1730, from parts of Woburn, Reading, and Billerica. The first settlers are believed to have been Will Butter, Richard Harnden or Abraham Jaquith. Butter was brought to Woburn as an indentured captive. Once he attained his freedom, he fled to the opposite side of a large swamp, in what is now Wilmington. Harnden settled in Reading, in an area that is now part of Wilmington. Jaquith settled in an area of Billerica that became part of Wilmington in 1740. Minutemen from Wilmington responded to the alarm on April 19, 1775, and fought at Merriam's Corner in Concord. The Middlesex Canal passed through Wilmington. Chartered in 1792, opened in 1803, it provided freight and passenger transport between the Merrimack River and Boston. One important cargo on the canal was hops. F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automatic Data Processing
ADP, Inc. (originally an acronym for Automatic Data Processing) is an American provider of human resources management software and services. History In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately $400,000 USD. The company established a subsidiary in the United Kingdom in 1965. In 1970, Lautenberg was noted as being the president of the company. Also in 1970, the company's stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exchange. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salem, NH
Salem is a town in Rockingham County, New Hampshire, United States. The population was 30,089 at the 2020 census. Being located on Interstate 93 as the first town in New Hampshire, which lacks any state sales tax, Salem has grown into a commercial hub, anchored by the Mall at Rockingham Park. Other major sites include Canobie Lake Park, a large amusement park; and America's Stonehenge, a stone structure of disputed origins. It is the former home of Rockingham Park, a horse racetrack. The Sununu political family hails from Salem, including former New Hampshire governor and White House Chief of Staff John H. Sununu, and his sons John E. Sununu, a former U.S. senator, and Chris Sununu, current New Hampshire governor. Salem was named on ''Money'' magazine's "Best Places to Live 2020" list. History The area was first settled in 1652. As early as 1736, Salem was the "North Parish" of Methuen, Massachusetts, or "Methuen District". In 1741, when the boundary line between Massachuse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Services Companies Established In 1979
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
