TAX CALCULATION LinQpay offers its global clients a full and comprehensive tax calculation solution for over 100 countries worldwide. Combining market-leading tax research with the latest technology and operating as an integral part of your existing financial or accounting system, LinQpay automatically calculates taxes for sales, purchases and rentals.
With LinQpay, time spent on tax compliance decreases, accuracy is improved and risk is reduced. The internal controls offered by Linqpay are a critical component of Sarbanes Oxley Section 404 compliance. LinQpay tax calculation is a fully automated system that includes built-in functionality to support audit defense, eliminate obsolete data, and comply with changing tax laws.
LinQpay tax calculation system covers all U.S. and Canadian taxes as well as calculation of value added and other consumption taxes for all European country and 100 other countries around the world.
Key Features and Benefits:
• A single tax engine for sales, use, value added, and other consumption taxes
• Architected on market-leading technology, designed to accommodate Streamlined Sales Tax Project rules as they become effective
• The industry's most comprehensive Taxability Matrix with integrated global research covering thousands of industry-specific product,
service, entity and use-based rules
• Robust, easy-to-use user interface and intuitive workflow
• Multi-organization support with the ability to copy or share rules between business units
• Tax rules are encapsulated in the data structure to enable rapid law change releases and easier application of updates
• Flexible and easy to implement interfaces
• Sophisticated address validation and robust exemption processing, including support for invoice level rules
• Ability to add custom tax jurisdictions, Geo-codes, goods/service codes, entity/use codes, and associated tax rules
• Easy exemption certificate tracking
• Reporting tools available to support Sarbanes-Oxley compliance
With its modular and configurable approach to deployment, LinQpay can provide a complete solution for your business's global transaction tax needs. Furthermore, LinQpay tax calculation easily integrates with leading e-commerce and enterprise resource planning (ERP) applications.