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Vertex, Inc. is a tax compliance software and services company based in King of Prussia, Pennsylvania, USA. Vertex was founded in 1978 by Ray Westphal. Jeff Westphal, Stevie Westphal Thompson and Amanda Westphal Radcliffe purchased interest in the company from their father in 2000. [ 1 ]
An indirect tax (such as sales tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer). The intermediary later files a tax return and forwards the tax proceeds to government with the return.
The Preparer Tax Identification Number was created in 1999 to protect the privacy of tax return preparers. Preparers were required to sign the tax forms they prepared and provide their Social Security Numbers. Starting with the 2000 tax season, the IRS gave preparers the option of using either their SSNs or PTINs. [1]
In 2011, CSC acquired MLM Information Services, the industry's foremost corporate tax management services provider. In 2012, CSC purchased Ingeo Systems, Inc., a provider of electronic real estate document recording (eRecording) services. [12] In 2013, CSC acquired the corporate domain name and online brand services division of Melbourne IT.