SOURCE: Transaction Tax Resources Inc.
MCMINNVILLE, OR--(Marketwire - Jul 19, 2012) - TTR, the industry leader in providing accurate, current, supported and easy to find sales and use tax answers, has just announced the release of expanded content for services bought and sold in the US. This new content provides easy to find answers on how to tax a company's purchases and sales of services.
"Our clients consistently tell us they prefer tax answers over access to a library of documents they have to spend time to read. We like to make things simple," said Courtney Cherry, TTR Director of Tax Research & Policy. "This project was fun for the research team. We started by identifying every taxable service in all states. Tax answers for these services were then presented clearly across all states. Next we isolated over one hundred commonly provided services across multiple industries and provided tax answers. Finally, we incorporated each state's guidance for bundled transactions, separately stated rules, and industry specific invoicing issues to ensure our clients receive the most accurate tax answers for services bought or sold."
"For sure, there were challenges in designing the presentation of this content," said Alex Bowling, TTR Senior Manager of Technology. "Our clients are in for some real surprises in 2012. From advanced search features to the most easy to use explanations available anywhere -- we are rapidly approaching complete coverage in every jurisdiction for everything that can be bought or sold."
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 tax answers for nearly 4 million products and services. TTR created the first ever online solution for finding sales and use tax ANSWERS. TTR customers receive valuable tax ANSWER updates, not just notifications of when laws change. TTR provides unlimited support at no extra charge and provides audit defense assistance for all TTR tax ANSWERS -- an industry first. More information about TTR may be found at www.ttrus.com.