Asure Expands Tax Filing Capabilities Allowing CPA Firms and Tax Professionals to Scale in Response to Surging ERTC Demand
Asure Software (Nasdaq: ASUR) has unveiled new proprietary technology aimed at automating back-office processes for CPAs and tax professionals dealing with the Employee Retention Tax Credit (ERTC). This innovation responds to increased demand for amended tax returns, streamlining the calculation of compliant tax credits for small businesses. CEO Pat Goepel emphasized that this technology will not only enhance operational efficiency for CPA partners but also drive organic growth for Asure. The solution builds on Asure’s existing FlexTax platform, which facilitates cloud-based payroll tax processing.
- Introduction of new technology for automating ERTC-related tax processes.
- Enhancement of efficiency for CPA partners, allowing them to focus on high-value client work.
- Potential for organic growth by serving more payroll and non-payroll clients.
- Expansion of capabilities in Asure's existing payroll tax management engine, FlexTax.
- None.
Leading payroll provider develops proprietary technology in response to tax preparer’s demand for calculating credits and filing amended tax returns associated with ERTC
AUSTIN, Texas, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Asure Software, Inc., (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today announced it has developed and implemented a new technology that automates back-office processes for CPAs and tax professionals to calculate and prepare amended tax returns for small businesses claiming ERTC stimulus.
Through collaboration with Asure’s CPA partners, the company has designed technology that automates the back-office transactional processes of calculating compliant tax credits and filing the necessary quarterly amended tax returns for their clients to get ERTC stimulus.
“At Asure, we’re always seeking new ways for technology to support small businesses and the organizations that serve them. Our CPA partners were telling us they couldn’t keep pace with the volume of administrative work associated with ERTC demand. Our technology automates the back-office ERTC work so they can focus on high-value client work,” said Pat Goepel, Chairman and CEO of Asure. “We’re excited about this new technology’s ability to help drive organic growth as it allows us to serve even more payroll and non-payroll clients alike.”
The automation technology is an expansion of Asure’s Payroll Tax Management engine, FlexTax, which delivers cloud-based payroll tax processing, reconciliation, and reporting functionality, as well as a 24/7 online tax portal.
About Asure Software
Asure (Nasdaq: ASUR) is a leading provider of Human Capital Management (“HCM”) software solutions. Asure helps small and mid-sized companies grow by assisting them in building better teams with skills to stay compliant with ever-changing federal, state, and local tax jurisdictions and labor laws, and better allocate cash so they can spend their financial capital on growing their business rather than back-office overhead expenses. Asure’s Human Capital Management suite, named Asure HCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software as well as human resources (“HR”) services ranging from HR projects to completely outsourcing payroll and HR staff. Asure also offers these products and services through its network of reseller partners. For more information, visit asuresoftware.com.
Investor Relations Contact
Randal Rudniski
Vice President, Investor Relations, Financial Planning & Analysis
512-859-3562
randal.rudniski@asuresoftware.com
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