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Rimini Street Delivers Initial 2014 Global Tax, Legal and Regulatory Updates
Proven Global Provider Ensures Accurate and Timely Deliverables Using Innovative Combination of Research Technology, Advanced Methodologies and ISO-Certified Processes
LAS VEGAS, January 22, 2014 - 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, Hyperion and Oracle Retail software, today announced delivery of its first set of 2014 global tax, legal and regulatory updates on January 13, 2014. Rimini Street's updates included the 2014-A update for PeopleSoft licensees, which was delivered ahead of the vendor's own scheduled delivery date for similar updates, as well as updates for SAP, JD Edwards and E-Business Suite licensees, as needed. The updates provided clients with significant new tax, legal and regulatory changes required for the U.S. and Canada, as well as Brazil, Mexico and the United Kingdom. Through an innovative combination of patent-pending tax, legal and regulatory research technology, methodology and ISO 9001-certified development processes, Rimini Street offers clients the most accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
U.S. and Canadian Updates
In the U.S. and Canada, there were numerous year-end processing and reporting updates including tax, reporting and filing changes required by the Internal Revenue Service, the Canadian Revenue Agency, and 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 provided several updates, including changes to IRS Form 1099, updates related to the federal Defense of Marriage Act (DOMA), as well as an individual update to address IRS Notice 1036, which included withholding table changes effective January 1, 2014. In addition, Rimini Street delivered updates to U.S. Bonus Depreciation, W2 and W2C forms and electronic files, and is planning to deliver Form 941 updates in January 2014.
At the U.S. state, local and territory government levels, Rimini Street updates contained various standard deductions, exemption amounts and withholding tax rate changes for many states, including Alaska, California, Delaware, Kansas, Kentucky, Maine, Minnesota, New Mexico, New York, North Carolina, Oregon and Rhode Island, as well as minimum wage changes for Colorado, Missouri, New Jersey and Vermont. Additional Unemployment Insurance Taxable Wage Base changes were included for Alaska, Idaho, New Mexico, North Carolina, North Dakota, Oregon, Rhode Island, Utah and Wyoming. At the local level, dozens of tax updates were provided for municipalities in Kentucky, Maryland, Ohio, Oregon and Pennsylvania.
For clients in Canada, Rimini Street delivered year-end reporting changes, including support for T4, T4A and R1 slips, revised forms and electronic filing. The updates also included changes to federal indexation adjustments, provincial Maximum Assessable earnings, and Pension Contribution and Employment Insurance rates.
Global Updates for Brazil, Mexico and United Kingdom
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required 2014 tax, legal and regulatory updates to its global clients, including those in Brazil, Mexico and the UK, and is continuing to work on delivering further updates.
For example, in Brazil, Rimini Street is continuing to work on updates related to the Brazilian Electronic Invoice (NF 2013-005) 3.10 and SPED Social. In Mexico, the Company delivered payroll tax rate updates. The Company is also delivering Real Time Information (RTI) payroll start-of-year updates for clients in the UK, including changes associated with National Insurance (NI) rates and thresholds, Tax Rates and P60 forms (End of Year Certificates).
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 7,000 government web sites and information resources for 24,000+ 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.
Proven and Reliable Global Delivery
“Rimini Street’s dedicated team of tax, legal and regulatory experts has delivered more than 65,000 tax, legal and regulatory updates that have helped hundreds of clients successfully process billions of dollars in mission-critical transactions,” said Paul Henville, Rimini Street group vice president, global development. “Rimini Street employs an innovative combination of research technology, advanced methodologies, and ISO-certified processes, to provide timely and accurate tax, legal and regulatory updates.”
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 10 years. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from virtually all 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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