Financial Technology

Financial Technology

August 30, 2012

BillSoft Comes Out of 2012 Fiscal Financially Strong with Growing Staff

Coming to the end of the 2012 Fiscal year, BillSoft (News - Alert), Inc., a provider of indirect taxation solutions, has experienced strong financial results. The company saw an annualized growth of 16 percent as compared to the prior year, which continues a 15-year trend of continuous growth for Kansas-based BillSoft.

“Since we opened our doors in 1997, we have grown year after year,” said Tim Lopatofsky (News - Alert), CEO of BillSoft, in a statement.

The company offers indirect taxation solutions for about750 distinct products, with taxation in 100 countries and approximately 300 detailed tax descriptions built-in. BillSoft offers "Your Total Tax Solution", which encompasses geo-coding, tax calculation, consulting, and compliance services, all while supporting major platform environments and standard interfaces.

“This past year we grew our business while making the necessary investments for the future of the organization. Our compliance business maintains an accelerated growth rate and we continue to develop new products that provide solutions to the challenges our customers face,” said Lopatofsky.

Tax Image via Shutterstock

Additionally, BillSoft has even increased staffing throughout the organization. In 2011, the company grew over 40 percent with new positions in several areas of the business and that growth is still going strong with open positions in sales, software engineering, quality assurance, as well as tax research.

“As we build and strengthen our position in the indirect taxation markets such as, telecom and sales and use,” Lopatofsky said. “We continually look for highly skilled, knowledgeable and experienced individuals to add to our growing team. “

Toby Bargar, senior tax consultant at BillSoft, will be speaking at a session called “Universal Upheaval: USF Restructuring and Its Impact on Communications Providers” at ITEXPO (News - Alert) on Wednesday, October 3rd at 10am EST in Austin, Tex.

Over the last decade, Bargar has assisted clients with complex transaction tax and regulatory issues in the field of communications tax. In addition to consulting on tax issues, Bargar has also assisted in the training and set up of tax departments and is a frequent speaker on transaction tax issues.

Moreover, Bargar holds a Bachelor of Sciences degree from William Jewell College and a Juris Doctorate from the University of Kansas School of Law. He is also a member of tax organizations such as the Institute of Professionals in Tax and the Broadband Tax Institute.

To find out more about BillSoft, visit the company at ITEXPO. To be held Oct. 2-5 at the Austin Convention Center in Austin, TX, ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. Visit BillSoft in booth # 521.  For more information on ITEXPO, click here.

Edited by Rich Steeves

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