Under the present system, retail businesses remit sales tax on a monthly or bi-monthly basis by filling out a form and sending a check in the mail. The present sales tax system has remained virtually unchanged for hundreds of years. As technological advances continue, it is imperative that the tax collection process utilize and mold these advancements into the system.
Now the ATRACS tax collection system can provide a communication platform for businesses and government. Many different types of data can be easily exchanged on an "information highway." Sales tax may be remitted weekly, with the option to the businesses of never having to fill out any sales tax forms. Receipts would be available, in near real-time, to assure the merchant that the transaction was recorded. The software contains advanced privacy encryption, assuring all involved parties the safest transaction available. Certain variations may be made to the ATRACS System to ensure a working system that is best for each tax community.
ATRACS is leading the way to the safest and most efficient sales tax collection process in the world.