CCH CorpSystem SureTax Continues to Lead the Way in Telecom Tax Calculation Technology with the Release of SureTax Revenue Allocation Manager (RAM)

Atlanta, GA (PRWEB) October 10, 2012

CCH CorpSystem SureTax introduces SureTax Telecom Revenue Allocation Manager (RAM), providing bundling manager functionality within SureTax Telecom, SureTax’s telecom tax calculation solution. SureTax Revenue Allocation Manager (RAM) works as a bundling manager, acting according to statue and jurisdiction. Revenue can be allocated and bundled, separating non-taxable charges from telecom charges to drive the desired tax outcomes. SureTax RAM allows a client to assign values to services within the bundle by fixed dollar amount, by percentage, or both.

When selling bundled service packages, many companies want to unbundle packages for tax purposes in order to charge the lowest, legal tax on the bundle, says Brent Reeves, VP SureTax. The client must also be aware of tax contamination laws, which often state that if a bundle is sold and the price for each line item is not split out on the bill, then all the services are taxed as telephony. This is an issue when non-taxed services, like IP access, are bundled into telecom packages. SureTax RAM helps customers drive their own policy to manage those situations and allocate revenue accordingly.

SureTax RAM makes adjustments quickly and easily. Changing a bundle allocation by state or performing What if scenarios can be done instantaneously.

About SureTax

CCH CorpSystem SureTax offers dynamic, on-demand, indirect taxation solutions driven by the industry leading global tax, accounting and audit data available. SureTax flagship product, SureTax Telecom simplifies the complex world of telecom taxes with a robust, real-time, web-based tax calculation solution that is delivered as a SaaS cloud computing technology.

More Cloud Computing Press Releases

Speak Your Mind