|
Overview
Currently Sales and Use Tax returns for various municipalities including the City of Chicago as well as the State of Illinois are processed manually. The Cities and the State of Illinois currently have no ability to electronically process electronically filed Sales and Use Tax returns. Although Sales and Use Tax returns for the State can be filed electronically, such returns are processed manually. The longer the processing time, the more time before the Cities and the State have access to the tax revenue. Setting up a system to enable electronic filing and electronic processing of Sales and Use Tax returns is a major potential breakthrough.
In order to speed up the process and thus speed up the receipt of revenues by municipalities, PTP ONECLICK, LLC has a fully automated system that enables electronic filing and processing of Sales and Use Tax returns with the State of Illinois. PTP ONECLICK’s system is configured to receive electronic filings, and can be configured to electronically process the electronically filed Sales and Use Tax returns and collect and deposit tax payments which provides for faster revenue collection.
Based on filing frequencies required by the State of Illinois and the Local Governments, PTP ONECLICK’s system is fully configured to implement the business rules by populating the data and generating all forms required for filing. The system can support virtually all forms (State and Local) and can easily be configured to support new forms, as well as, process e-filed returns with revised filing frequencies. Furthermore, the system will automatically collect the tax payments by credit card or electronic funds transfer on behalf of the taxing jurisdictions and deposit the money (tax revenue) into accounts designated by the tax jurisdictions. The system will automatically provide the tax jurisdictions with customized tax revenue collection and deposit reports.
PTP ONECLICK, LLC proposes to provide the system to the tax jurisdictions free of charge and fees will be due on actual per filing basis only. Depending on the number of annual filings, PTP ONECLICK, LLC proposes a reasonable fixed charge per e-file (tax transaction) which can be borne by the e-filer (business entity). The system can be implemented for initial operation within 6 to 12 months, based on form priority and tax jurisdiction requirements. |

Features
PTP ONECLICK, LLC has a fully automated system that enables electronic filing and processing of Sales and Use Tax returns with the State of Illinois. PTP ONECLICK’s system is configured to receive electronic filings, and can be configured to electronically process the electronically filed Sales and Use Tax returns and collect and deposit tax payments which provides for faster revenue collection. Such breakthrough will:
- Help all taxing jurisdictions become E-File Enabled and automate the processing of E-Filed returns.
- Give the ability to the taxing jurisdictions to electronically process electronically filed Sales and Use Tax returns.
- Help all taxing jurisdictions to avoid the costs of building, monitoring, and maintaining an in-house electronic filing center.
- Help all taxing jurisdictions to have quicker access to their tax revenue.
- Help all taxing jurisdictions to utilize a tax system that is in tune with our fast changing technological environment.
- Help all taxing jurisdictions to reduce overhead costs associated with the processing of returns.
|

Benefits
PTP ONECLICK, LLC has a fully automated system that enables electronic filing and processing of Sales and Use Tax returns with the State of Illinois. PTP ONECLICK’s system is configured to receive electronic filings, and can be configured to electronically process the electronically filed Sales and Use Tax returns and collect and deposit tax payments which provides for faster revenue collection. There are enormous benefits to all taxing jurisdictions from such potential breakthrough. To enumerate some of these benefits, the implementation of an E-File Processing system will:
- Help all taxing jurisdictions become E-File Enabled and automate the processing of E-Filed returns.
- Give all taxing jurisdictions the ability to electronically process electronically filed Sales and Use Tax returns.
- Help all taxing jurisdictions to avoid the costs of building, monitoring, and maintaining an in-house electronic filing center.
- Help all taxing jurisdictions to have quicker access to their tax revenue.
- Help all taxing jurisdictions to utilize a tax system that is in tune with our fast changing technological environment.
- Help all taxing jurisdictions to reduce overhead costs associated with the processing of returns.
|

Availability
PTP ONECLICK, LLC proposes to provide the system to the tax jurisdictions free of charge and fees will be due on actual per filing basis only. Depending on the number of annual filings, PTP ONECLICK, LLC proposes a reasonable fixed charge per e-file (tax transaction) which can be borne by the e-filer (business entity). The system can be implemented for initial operation within 6 to 12 months, based on form priority and tax jurisdiction requirements. |
|