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Rimini Street Delivers Initial 2015 Global Tax, Legal and Regulatory Updates
ISO-Certified Updates Ensure Accurate Deliverables for U.S., Canada, Australia and Portugal
LAS VEGAS, January 12, 2015 - Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG's (NYSE: SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion and Oracle Retail software, today announced delivery of its first set of tax, legal and regulatory updates for 2015. Rimini Street's updates include the 2015-A update for PeopleSoft clients, which were delivered ahead of the vendor's own scheduled delivery date for similar updates, as well as updates for JD Edwards and SAP releases, as needed. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, Australia and Portugal. Rimini Street offers clients accurate deliverables with the industry's fastest "legislature-to-live"SM update delivery cycle through an innovative combination of a patent-pending tax, legal and regulatory update process, as well as proven methodologies and ISO 9001-certified development processes.
Updates for U.S. and Canada
Rimini Street updates in the U.S. and Canada included numerous year-end processing and reporting updates, including tax, reporting and filing changes required by the Internal Revenue Service and the Canadian Revenue Agency, as well as state and local governments.
For clients in the U.S., Rimini Street delivered tax, legal and regulatory updates at the federal, state, local and territory levels. At the U.S. federal government level, Rimini Street updates included changes to IRS 1099 Forms, changes related to the Patient Protection and Affordable Care Act (PPACA) and an individual update to address IRS Notice 1036, which included withholding table changes effective January 1, 2015.
At the U.S. state, local and territory government levels, Rimini Street’s updates contained various standard deductions, exemption amounts and withholding tax rate changes for many states, including California, Connecticut, Kansas, Maine, Massachusetts and New York, as well as minimum wage changes for Arkansas, Colorado, Missouri and Nebraska. Additional Unemployment Insurance Taxable Wage Base changes were included for Alaska, Colorado, Hawaii, Idaho, Minnesota, North Carolina, North Dakota and Oregon. Several states also had updates related to the Defense of Marriage Act (DOMA). At the local level, dozens of tax updates were provided for municipalities in Kentucky, New York, Ohio and Pennsylvania.
For clients in Canada, Rimini Street delivered many year-end reporting changes, including support for T4, T4A, RL-1 and RL-2 slips and electronic filing. The updates also included tax rate changes recently published by Revenu Québec, effective January 1, 2015.
Updates for Australia and Portugal
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its global clients, including those in Australia and Portugal.
For example, in Australia, Rimini Street delivered updates related to the annual change to the Protected Earnings Amount (PEA). In Portugal, updates included the new requirement for mandatory electronic submission of inventory data to the Portuguese Tax Authority.
Industry-Leading Tax, Legal & Regulatory Research and Technology
Rimini Street's tax, legal and regulatory strategy and scoping team is made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who use advanced technology and numerous government and private-sector sources to monitor, collect and verify tax, legal and regulatory changes. These sources include more than 2,000 government web sites and 3,100 information sources for more than 26,000 localities in nearly 200 countries.
Rimini Street also participates as a member in many prominent tax, legal and regulatory associations around the world, including the American, Canadian and Australian Payroll Associations, the American Bar Association Section of Taxation and the Tax Executives Institute. The innovative combination of technology, proven methodology and ISO 9001 quality processes consistently assures the fastest “legislature-to-live”SM update delivery cycle and highest quality deliverables in the industry.
“Hundreds of companies around the world rely on Rimini Street to provide the comprehensive tax, legal and regulatory updates that are required to help them maintain compliance and prepare for year-end and start-of-year processing,” said Paul Henville, Rimini Street Group VP of Global Product Delivery. “Rimini Street has delivered more than 85,000 global tax, legal and regulatory updates across nearly 200 countries to date and remains committed to delivering accurate and robust tax, legal and regulatory updates through its patent-pending research technology and ISO-certified development processes.”
About Rimini Street, Inc.
Rimini Street is the leading independent provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs over a decade, including saving 50 percent on their annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 15 years after switching to Rimini Street. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from across a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA 888-870-9692 or internationally +1 702-839-9671.
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