Awarn - 1:29 pm on May 8, 2013 (gmt 0)
Believe it all you want. I am a CPA and do a LOT of taxes. I have used tax software for over 20 years. This is a nightmare waiting to happen. This past year has been the worst in over 20 years for software. With the last minute budget deal the software had so many bugs it was crazy, and I am not talking about cheap software. I waited on hold for customer support 3.5 hours one day and 6 hours another. This will go the same way as all the others did. There will be small Tax collection software companies then they will get bought out by larger firms and then a transmission fee will be charged then another fee. Then service and customer support will decline to save money and maximize profits and the next thing you know you are spending an hour a week doing it and paying fees on top of it. I read the stuff and they are already talking about using the 9 digit zip codes. At 9 digits your getting real precise. For this thing to work the states need to be willing to give a little like take a flat rate for the whole state. In Ohio alone there are like 88 different taxing districts. Also realize that most taxing districts charge a fee if you pay my credit card etc so don't expect to file a nice online form and enter a credit card and pay the liability. Oh sure it will be set up to do that but then you pay a 3-4% convenience fee because the states don't want to lose that revenue that credit card companies charge to allow credit cards to work. So look at your sales times like 7% times like 5% (4% credit card fee and a 1% transmission fee) and that is what it will cost you. At 1 million in taxable sales I would expect at least 3500 a year. Then throw in say another 50 a month for the tax administration software. So a good 4000 a year minimum.