Rimini Street Announces Delivery of 2011-A Tax, Legal and Regulatory Update
Clients Also Receive Updates for Recent U.S. Tax Relief Act Less Than a Week After Signed Into Law and Global Updates for UK Year-End
LAS VEGAS, January 10 , 2011 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax, Legal and Regulatory Update 2011-A containing critical tax, legal and regulatory updates. Like all previous tax, legal and regulatory updates, Rimini Street provided the update ahead of the software vendors' own planned release dates for equivalent updates. Rimini Street also announced the delivery of other tax, legal and regulatory updates.
The 2011-A Update contains numerous U.S. federal, state, territory and local changes to keep clients in compliance with the latest tax legislation. Federal tax tables have been updated in conjunction with recently published Internal Revenue Service Notice 1036, Early Release Copies of the 2011 Percentage Method Tables for Income Tax Withholding. State tax tables have been updated for over one-third of the 50 states, including many changes to unemployment insurance taxable wage base figures, minimum wages, standard deductions and withholding tables. Local tax tables have also been updated for dozens of cities, counties and school districts.
Additionally, Rimini Street recently delivered a special tax and regulatory update that addressed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 signed into law by President Obama on December 17, 2010. The new tax regulation, which included changes in employee Social Security tax withholding and several other changes that became effective on January 1, 2011, was delivered by Rimini Street on December 23, 2010.
These North American Payroll changes follow Rimini Street's recently delivered Global Payroll update for the United Kingdom. The update includes revised year-end processing requirements.
Rimini Street's tax, legal, and regulatory strategy and scoping team works with government organizations, secondary, and tertiary sources to ensure the latest tax and regulatory updates for more than 100 countries are immediately identified, analyzed, and scoped for development as needed. The Rimini Street development and quality assurance teams then code, extensively test, package and re-verify updates as necessary for accuracy with government agencies. This proven methodology consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.
"Rimini Street has extensive experience delivering more than 10,000 tax, legal and regulatory updates to date and has the capability to deliver tax, legal and regulatory updates to nearly 200 countries," said Brian Slepko, senior vice president, global operations, Rimini Street. "With hundreds of global, Fortune 500, midmarket and public sector clients who rely on us to provide timely, accurate and comprehensive tax, legal and regulatory updates so they can correctly process billions of dollars of mission-critical transactions each month, Rimini Street remains committed to providing its clients with the highest quality deliverables and the fastest 'legislature-to-live' update delivery cycle in the industry."
About Rimini Street, Inc.
Rimini Street is the leading third-party 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 at least 50 percent in annual support fees and save up to 90 percent in total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least ten years. Hundreds of 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 http://www.riministreet.com/ or call within the USA (888) 870-9692 or internationally +1 (702) 839-9671.
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