SOURCE: 2nd Story Software, Inc.

October 10, 2006 11:50 ET

TaxACT and Paylocity Forge Tax Time Alliance

TaxACT 2006 Deluxe Automates Tax Preparation for the Employees of Paylocity Payroll Clients

CEDAR RAPIDS, IA -- (MARKET WIRE) -- October 10, 2006 -- 2nd Story Software®, Inc., developers of America's most trusted, value-priced tax preparation software, announces its alliance with Paylocity Corporation, America's leading independent provider of payroll and integrated human resource solutions for small- and mid-size companies.

The association between these two companies enables the employees of Paylocity clients the ability to download tax data found on their electronic W-2 form directly into TaxACT Deluxe over-the-Web. TaxACT Deluxe's Fast-Forms feature is a simple point-and-click interface, which permits users to select Paylocity as their payroll provider and (after providing authentication information) begin downloading their W-2 information directly into TaxACT Deluxe. Meanwhile, TaxACT Deluxe's on-screen messaging keeps its users informed about the download process.

"Convenience, accuracy, and conservation of time and money provide American taxpayers healthy incentives to rely upon TaxACT to prepare their tax returns," says Lance Dunn, President of 2nd Story Software. "Our goal is to partner with companies that share in our mission and desire to save their customers time and money. Partnering with a top-notch payroll provider, such as Paylocity, will allow us to offer our mutual customers outstanding value and a range of well-integrated, powerful solutions."

"We are very excited about our new partnership with TaxACT," says Steve Sarowitz, President of Paylocity. "TaxACT will provide yet another integrated feature for our clients that are utilizing our paperless payroll and HR solutions. We are impressed with TaxACT's product and are looking forward to sharing it with our clients and their employees."

As part of the alliance, Paylocity will also integrate a link within the self-service section of its new WebPay(SM)-hosted payroll solution -- enabling its clients' employees convenient access to TaxACT Online's tax preparation services.

About TaxACT

Approaching its ninth tax season, TaxACTOnline.com has emerged as the 2nd highest trafficked online destination for tax preparation services; and is America's only Web-based tax planning and preparation solution to offer taxpayers year-round service.* As America's No. 1 value-leader in tax-preparation software and consumer services, TaxACT is the nation's pioneer and most trusted leader of free tax-preparation software and online services. Designed to make preparing taxes electronically possible for everyone for little-to-no cost; TaxACT Standard is the only product to offer free e-filing services directly to consumers.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is the leader in developing and marketing affordable tax-preparation software and Web-based services directly to consumers. To date, the comprehensive suite of TaxACT products have enabled more than 23 million consumer returns to be filed. It recently completed an $85 million recapitalization with TA Associates, a leading private equity and buyout firm.

More information regarding 2nd Story Software, Inc. and the TaxACT product line may be viewed by visiting www.taxact.com.

About WebPay

WebPay, the flagship product of Paylocity, leverages the Internet to champion a paperless environment and deliver unparalleled payroll and HR functionality in a hosted environment. WebPay seamlessly integrates with a wide array of retirement plans, accounting systems and time and attendance applications. WebPay also offers a comprehensive, on-demand custom report library and report writer, as well as advanced self-service capabilities for both employees and managers.

About Paylocity

Paylocity Corporation, an Inc. 500 Company headquartered in Elk Grove Village, Illinois, is America's leading independent provider of payroll and integrated human resource solutions for small- and mid-size companies -- including advanced employee self-service, payroll tax services, time and labor, and unemployment cost management solutions. Founded in 1997, Paylocity ranks among the nation's top 15 payroll service providers, and has twice been named as the nation's #1 independent payroll provider by The Independent Payroll Providers Association (IPPA). Paylocity currently services over 2,700 clients in 50 states and Puerto Rico and is the recommended payroll provider for numerous organizations including Ace Hardware, the Illinois CPA Society, the Management Association of Illinois and the Wisconsin Builders Association.

Please visit www.paylocity.com for more information about Paylocity and its products and services.

*According to collective week end-reports released by Hitwise™, TaxACT Online ranked second in the number of hits among other Web-based tax-preparation services during last year's tax season. More information regarding Hitwise may be viewed by visiting www.hitwise.com.

2nd Story Software, Inc., company and product logos, TaxACT and TaxACT Online, among others, are registered trademarks of 2nd Story Software. Other party trademarks or service marks are the property of their respective owners and should be treated as such.

Contact Information

  • Contacts:
    Stephanie Behrends
    2nd Story Software, Inc. - Makers of TaxACT
    319.373.3600
    Email Contact

    Kristyna Miller
    Paylocity Corporation
    847.250.4025
    Email Contact