SOURCE: Sabrix, Inc.

May 06, 2008 08:07 ET

Sabrix Managed Tax Service Expands Offering With Nexus Determination Service

Sabrix Skilled Tax Experts Provide Premium Service to Help Companies Understand Sales and Use Tax Compliance Obligation and Achieve Compliance With Confidence

SAN RAMON, CA--(Marketwire - May 6, 2008) - Sabrix®, Inc., a leading provider of transaction tax management for companies of all sizes, today announced the Sabrix Nexus Determination Service, a new service provided by Sabrix's team of multi-disciplinary tax experts. Available as a premium service, the Sabrix Nexus Determination Service assists rapidly growing companies and those with a broad business reach to fully understand their sales and use compliance obligations based on their business activities and tax law. Used in combination with the Sabrix Managed Tax Service (Sabrix MTS), an outsourced sales and use tax compliance service, companies can achieve the highest degree of compliance with confidence.

Determining nexus is complex due to the fact that laws vary state to state and are constantly shifting. As there is no statute of limitations for past transgressions, it's critical that finance executives at small- and medium-sized businesses understand how their business activities create liability in order to mitigate audit exposure. "Surveys of our customer base highlight nexus issues as one of the top compliance concerns. This corresponds to current trends of state and local jurisdictions receiving less federal funding and becoming more aggressive in seeking revenue to augment their shortfalls," said Carla Yrjanson, VP of Tax Services at Sabrix. "The most common practice during these periods is to ramp audit departments and target out-of-state companies for new sources of tax receipts."

As part of Sabrix's nexus services, a multi-disciplinary team of tax experts, including professionals in tax law, tax policy, research and audit, employ industry-proven best practices to thoroughly review business activities, interpret state laws and deliver a comprehensive nexus analysis that articulates each company's liability state by state. Additionally, Sabrix's tax services team can provide direction on the next steps including filing in states and voluntary disclosure agreements.

"Sabrix has relieved our company of much of the burden of interpreting and estimating our liabilities state by state. Our business is growing quickly and we can't afford not to be compliant," said Joyce Zeasman, Controller at Esker, a leading document process automation company. "The tax experts at Sabrix led us through a rigorous investigation and analysis of our business so we have a detailed understanding of our nexus status. And through the use of Sabrix MTS, we have a high level of confidence in our compliance."

"Offering nexus determination services is a natural extension of the trusted tax expertise available in Sabrix MTS, and is really the foundation for an accurate compliance strategy," said Pam Kostka, SVP of Marketing, Sabrix. "We consistently hear from our customers that tax compliance diverts their staff focus, and our services have always differentiated themselves in the marketplace by combining technology with tax expertise to alleviate this problem with a one-stop-shop offering." The Sabrix Nexus Determination Service is available as part of activation with Sabrix MTS, or whenever growing business practices create potential exposure.

Sabrix will host a webinar on May 8th, titled, "Understanding Nexus to Avoid Unexpected Liability," to help companies deal with their nexus issues.

To learn more, contact us at 1.866.472-2749 or email inforequest@sabrix.com.

About Sabrix

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.

Sabrix, Sabrix Managed Tax Service, and Consolidated Transaction Tax Management are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Contact Information

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