Taxware

Taxware, LLC

Type	Limited Liability Company
Industry	Transaction Tax Automation
Predecessor	Audio Visual Products
Area served	Global
Key people	Dan Sullivan, CEO of Audio Visual Products and founder of Taxware
Products	Taxware Enterprise Sales and Use Tax Tax Content Solution TaxSolver
Services	Sales Tax Service
Number of employees	300
Parent	Vista Equity Partners
Website	www.taxware.com

Taxware, LLC is a division of Vista Equity Partners that specializes in sales, use and value-added tax calculation.^[1] Taxware is based in Wilmington, MA. Founded in 1979, Taxware offers its customers various products ranging from simple rate files to complete end-to-end solution automation. Taxware is Sarbanes-Oxley Section 404 compliant and one of six Certified Service Provider Platforms available to retailers.^[2] In December 2012, Taxware was acquired by Vista Equity Partners from Automatic Data Processing.^[3]

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^[4] and in 2000 was purchased by First Data Corporation. In 2003, Taxware acquired TaxSolver from ATX^[5] and in 2006, First Data Corps sold Taxware to Automatic Data Processing (ADP).^[6] In December 2012 Taxware was acquired by Vista Equity Partners.^[7]

Products & Services

• Taxware Enterprise (TWE) is a global tax calculation engine that operates in nearly every country in the world. TWE operates as part of an existing financial or accounting system.^[8][9]

• Sales and Use Tax System (SUT)is a tax calculation engine that operates specifically in North America. SUT operates as part of an existing financial or accounting system.^[10][11]

• Sales Tax Service (STS) is a filing program where Taxware’s clients delegate tax filings and payments directly to Taxware.^[12]

• TaxSolver is a tax-return generation system. TaxSolver processes and converts imported data to generate tax returns. TaxSolver operates as part of an existing financial or accounting system.^[13]

• Tax Content Solution (TCS) provides the same tax rates and product taxability rules as featured in the Taxware Enterprise application, without the full calculation engine. TCS is uploaded into a Point of Sale application.^[14]

Vista Acquisition

As stated above, in December 2012 Taxware was acquired by Vista Equity Partners, a software and technology investment firm.^[15] As part of the acquisition, Taxware relocated its Headquarters from Salem, NH to Ballardvale Office Park in Wilmington, MA.^[16]

Marketplace Fairness Act

Passed by the U.S. Senate in May 2013, The Marketplace Fairness Act would enable state governments to collect sales and use taxes from remote retailers with no physical presence in their state. Taxware has taken no official stance on the legislation.

References

1. Crowley, Sharon A. "Taxware Moves to Wilmington Bringing Job Opportunities to the Area."Homenewshere.com. Wilmington Town Crier, 27 July 2013. Web. 27 Aug. 2013. <http://homenewshere.com/wilmington_town_crier/news/article_db226a5c-f5fc-11e2-9932-0019bb2963f4.html>.
2. "Certified Service Providers." Streamlined Sales Tax. Streamlined Sales Tax Governing Board, Inc, n.d. Web. 27 Aug. 2013. <http://www.streamlinedsalestax.org/index.php?page=certified-service-providers>.
3. "Vista Equity Partners Completes Acquisition of Taxware." PRNewsWire.com. N.p., 18 Dec. 2012. Web. 27 Aug. 2013. <http://www.prnewswire.com/news-releases/vista-equity-partners-completes-acquisition-of-taxware-183980131.html>.
4. "AVP Systems Changes Name to Taxware International, Inc." TheFreeLibrary.com. N.p., 4 Mar. 1996. Web. 15 Aug. 2013. <http://www.thefreelibrary.com/AVP SYSTEMS CHANGES NAME TO TAXWARE INTERNATIONAL, INC. TO REFLECT...-a018054234>.
5. "Taxware Acquires TaxSolver Line." First Data, 26 Aug. 2002. Web. 15 Aug. 2013. <http://files.shareholder.com/downloads/FDC/0x0x52774/75615e52-bbeb-4f24-90ba-eeb580546525/...>.
6. "ADP Signs Agreement to Acquire Taxware From First Data." ADP.com. ADP, 30 Oct. 2006. Web. 27 Aug. 2013. <http://www.adp.com/media/press-releases/archive/2006-news-releases/adp-signs-agreement-to-acquire-taxware-from-first-data.aspx>.
7. "Vista Equity Partners Completes Acquisition of Taxware." PRNewsWire.com. N.p., 18 Dec. 2012. Web. 27 Aug. 2013. <http://www.prnewswire.com/news-releases/vista-equity-partners-completes-acquisition-of-taxware-183980131.html>.
8. Dowd, Mark. "Countrywide Financial Corporation Selects Taxware for Global Transaction Tax Calculation and Compliance." Business Wire. Berkshire Hathaway Company, 13 June 2005. Web. 27 Aug. 2013. <http://www.businesswire.com/news/home/20050613005068/en/Countrywide-Financial-Corporation-Selects-Taxware-Global-Transaction>.
9. "Taxware Enterprise®." Taxware.com. Taxware, n.d. Web. 27 Aug. 2013. <http://taxware.com/products_taxware_enterprise.php>.
10. Kawamura, Toru. "Integrating Oracle Receivables with Taxware Sales/Use Tax System."Oracle.com. Oracle, Nov. 2001. Web. 15 Aug. 2013.
11. "Sales and Use Tax System®." Taxware.com. Taxware, n.d. Web. 13 Aug. 2013. <http://taxware.com/products_sales_and_use_tax_system.php>.
12. "Sales Tax Service." Taxware.com. Taxware, n.d. Web. 16 Aug. 2013. <http://taxware.com/products_sales-tax-services.php>.
13. "TaxSolver®." Taxware.com. Taxware, n.d. Web. 20 Aug. 2013. <http://taxware.com/products_taxsolver.php>.
14. "Tax Content Solution." Taxware.com. Taxware, n.d. Web. 27 Aug. 2013. <http://taxware.com/products_tax_content_solution.php>.
15. "Vista Equity Partners Completes Acquisition of Taxware." PRNewsWire.com. N.p., 18 Dec. 2012. Web. 27 Aug. 2013. <http://www.prnewswire.com/news-releases/vista-equity-partners-completes-acquisition-of-taxware-183980131.html>.
16. Crowley, Sharon A. "Taxware Moves to Wilmington Bringing Job Opportunities to the Area."Homenewshere.com. Wilmington Town Crier, 27 July 2013. Web. 27 Aug. 2013. <http://homenewshere.com/wilmington_town_crier/news/article_db226a5c-f5fc-11e2-9932-0019bb2963f4.html>.