Welcome!

News Feed Item

TTR Assists Colorado Department of Revenue With Uniform Sales Tax Base

MCMINNVILLE, OR -- (Marketwired) -- 01/21/14 -- Transaction Tax Resources is pleased to announce its assistance to the Colorado Department of Revenue (the "Department") in establishing a uniform sales and use tax base throughout the state.

Faced with nearly 300 taxing authorities with different tax rules and rates, Colorado has set to work to reduce the complexity of its existing tax structure and reduce the burden on those doing business in the state. The Colorado legislature tasked the Department with providing recommendations to achieve a uniform sales and use tax base. The Department collected information from each home rule municipality indicating whether the locality taxes or exempts items that are exempted from the state's sales tax base.

TTR was commissioned to assist Colorado in verifying the validity of the data collected, which would have been an impossible task for any other tax research provider given the DOR deadlines. This was a formidable task given the Department's tight deadline. TTR was able to analyze each home rule municipality's data, compare it to the state's sales tax base using TTR's existing online tax matrix, develop a local sales tax matrix, and deliver that local matrix to the Department in record time.

Here is how the Department described TTR's role in a document to be submitted to the Colorado Governor, President of the Senate, and Senate Majority Leader:

"Once data was gathered, a third party, TTR, was commissioned to assist in verifying the validity of the data. This effort was a monumental task undertaken in a very short time frame by TTR. This company undertook this effort to develop Colorado's local sales tax matrix to further refine their commercially available sales tax compliance product. They did so at no cost to the State and under the Department's deadlines."

Additionally, a Department official had this to say about TTR's assistance:

"As a state official, I could only imagine the value TTR provides to its clients. TTR has helped us tremendously in the past few months in determining the taxability of various items across our state. Without their help, we would have spent thousands of hours in creating the tax matrix they provided for us. I looking forward to our continued work with TTR, as they truly are the best at what they do."

About TTR
TTR is the industry leader in providing accurate, current, supported and easy to find sales and use tax answers. Headquartered in McMinnville, Oregon, TTR maintains nearly 250,000 tax items and over 5.5 million tax answers across all states. This is the first ever online solution for quickly finding sales and use tax answers, with full legal support, images, plain English explanations, tax answer updates -- not just notifications of when laws change, and world class customer support.

For More Information
Learn how TTR can turn every 5-10 hours of costly research time into a 1-2 minute tax answer. Please visit www.ttrus.com or call 866.578.8193.

Add to Digg Bookmark with del.icio.us Add to Newsvine

TTR
866.578.8193
www.ttrus.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Behera Rasananda is a technologist, a leader, a key note speaker has more than 20 years experience in across Government, Financial, Heath Care and Insurance Verticals. Mr. Behera has vast experience in Enterprise Cloud and Big Data solutions and Enterprise Architecture. Currently he works closely for Government Solutions on Enterprise Cloud for Federal Government Agency. Scientist Behera managed and partner with clients to make complete end to end solution and Migration to cloud both private sec...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, r...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Excitement and interest in APIs has skyrocketed in recent years. However, if you ask a room full of IT professionals "What is an API", you will get a wide array of answers. There exists a wide knowledge gap between API experts and those that have a general idea of what they are, but are unsure of what they have been for in the past, what they look like now, and how they can be used to expand your business in the future. In this session John will cover what the history of APIs, what an API looks ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
DevOps with IBMz? You heard right. Maybe you're wondering what a developer can do to speed up the entire development cycle--coding, testing, source code management, and deployment-? In this session you will learn about how to integrate z application assets into a DevOps pipeline using familiar tools like Jenkins and UrbanCode Deploy, plus z/OSMF workflows, all of which can increase deployment speeds while simultaneously improving reliability. You will also learn how to provision mainframe syste...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.