AndhraNews.Net - Trustfile acquires FormsPlus Software

Trustfile agreed to acquire the sales tax, property tax and unemployment tax software programs of Atlanta-based FormsPlus Software, Inc.

NEW ORLEANS/EWORLDWIRE/Oct. 15, 2003

Trustfile, a company with nearly 20 years' experience in business-tax filing, agreed to acquire the sales tax, property tax and unemployment tax software programs of Atlanta-based FormsPlus Software, Inc. The combination of FormsPlus Software's products with Trustfile's other state business tax e-file products will broaden the choices available to Trustfile's business customers.

"Trustfile has years of experience and already serves thousands of businesses in Florida, South Carolina and Tennessee, and we have recently launched Wisconsin," said Trustfile President King Woolf. "The FormsPlus acquisition helps to pave the way to serving more customers that file business taxes in every state of the U.S."

Trustfile benefits

Trustfile offers software and a tax-processing system that allow businesses and tax preparers (CPAs) to quickly and efficiently prepare, file and pay state business taxes electronically. The software and tax-processing systems include all current tax rates, regulations and current tax-agency specifications for preparation, electronic filing and payment.

Trustfile software offers business filers several key benefits:

- A proven and reliable way to handle e-filing and e-payment: Trustfile staff have extensive knowledge of e-filing and e-payment requirements. Certified by the departments of revenue (DOR) in Florida, South Carolina and Tennessee, Trustfile was the first company in the nation authorized by a state to facilitate sales and use tax e-filing and e-payment.

- An easy, cost-effective way to prepare, e-file and e-pay business taxes: Trustfile software features an easy-to-use interface and quick access to historical data for reference, planning or audit purposes. That way, companies can spend less time filing taxes and more time building their businesses.

- Confidence in e-filing: Trustfile software offers timely acknowledgement of filing and payment, the assurance of quality and accuracy of filings, automatic form calculations as states specificy them and tax data that are securely stored on their own systems.

"Perhaps most important, Trustfile has been facilitating business-tax filing for some 20 years," said Woolf. "In fact, one of our subsidiaries, Florida Software Inc., was the first U.S. company certified for e-filing by a state department of revenue. Our expertise and historical relationships with state revenue agencies gives us a thorough and current knowledge of filing specifications. That means we can track and meet state revenue-agency requirements to ensure filers' compliance."

FormsPlus Software, Inc. (www.fpsoft.com) provides sales tax software and payroll solutions that simplify the preparation and filing of sales tax returns and payroll reporting. The company's products include software with smart forms for preparing Georgia, Florida, South Carolina and Tennessee sales and use tax reporting forms, as well as software that prepares and files property and unemployment-compensation taxes.

Under the terms of the sale, FormsPlus will become Burton Software Company, Inc., and will continue to produce payroll forms software to print W-2 and 1099 forms and other payroll related forms. FormsPlus Software is based in Atlanta, Ga.

Trustfile produces and sells software for electronic filing of state sales, unemployment-compensation, use and other taxes in Florida, South Carolina and Tennessee. Its subsidiary, Florida Software, Inc., was the first software company certified for electronic business-tax filing by a state department of revenue in the United States. Trustfile also owns Saxon Tax Software, Inc. (www.saxtax.com), which specializes in serving professional tax preparers such as CPAs. Trustfile handles more than $8 billion in annual electronic filing and payments and serves 17 percent of the Fortune 100. The company's headquarters office is in Baton Rouge, La.

Press Release/Source: PRWeb © 2003 EWORLDWIRE EReleases InternetNewsBureau

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