SOURCE: Petz Enterprises, Inc.

July 10, 2006 08:55 ET

Tax Professionals Prepare Returns Faster, Improve Services With New Internet-Based V-Tax™ and Crosslink® From Petz Enterprises, Inc.

TRACY, CA -- (MARKET WIRE) -- July 10, 2006 -- Petz Enterprises, Inc., a leading provider of tax preparation and filing solutions for the financial industry professional, announces major initiatives to improve automating federal, state and local tax compliance. Taking advantage of PEI's proven Internet technology that has made TaxBrain.com® the third largest independent consumer online tax service in the U.S., professional preparers can now significantly improve productivity.

According to Charles Petz, Vice President for PEI's Professional Services Division, "PEI's Crosslink® line of professional tax software products is being demonstrated at the IRS Nationwide Tax Forums. This year's version features a Spanish version of the client letter to help preparers serve the rapidly growing Hispanic market. Crosslink also features support for the 1040-NR, to be completed by nonresident aliens in the United States on work visa. We have made significant modifications to the Crosslink report generator for creating custom reports, have expanded capabilities to prepare city tax returns, where required."

IRS Nationwide Tax Forums are scheduled for Chicago, July 11-13; Atlanta, July 25-27; Orlando, Aug 1-3; Las Vegas, Aug 22-24; and New York City, Aug 29-31.

PEI's V-Tax™ upgraded for 2006/07, RAL checks now written instantly

V-Tax™ is the world's first online software designed exclusively for professional tax preparers serving large numbers of individuals from multiple locations.

"V-Tax is fully hosted, rather than an Application Service Provider (ASP), with all data stored at a central, secure server in Tracy, California. There is no risk of client data being lost or compromised if an office is broken into, or destroyed through flood, hurricane, or similar catastrophe," explained Mr. Petz.

"In addition to the inherent speed and ease of use offered by the Internet," he continued, "tax preparers now offer refund loans and print checks instantly. V-Tax login and password allows the tax preparation organization to access customers' returns from any computer with a connection to the Internet. Long hours of multi-system software installations, frequent calls to customer service and high levels of frustration are completely eliminated by V-Tax," he concluded.

PEI enhanced professional products

The experience gained by Petz Enterprises, Inc. developing, testing and delivering the highest quality online tax preparation tools resulted in TaxBrain.com®, the largest independent Internet-based tax service in the United States. Utilizing that knowledge and experience, PEI adapted V-Tax to the needs of the professional tax community capitalizing on the speed, accuracy and low-cost benefits of the Internet.

About Petz Enterprises, Inc.

Petz Enterprises, Inc. founded in 1974, is a closely-held California corporation and a software development company providing solutions for the professional and consumer markets, helping to automate and simplify federal, state and local tax compliance. PEI's Crosslink® and V-Tax™ professional tax software products enable practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. QuickAccess® allows government, retirement and payroll to be directly deposited into a trust account, authorizing the accounting professional to print checks instantly. For more information, visit www.petzent.com.

Contact Information

  • For further information contact:
    Craig Petz
    Petz Enterprises, Inc.
    209-835-2720 x2007
    Email Contact

    -or-

    Steven Swartz
    978-524-9595
    Email Contact