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HOUSTON -- Love's Travel Stops & Country Stores, Inc. has chosen FuelQuest's ZyTax Enterprise Compliance solution to augment its excise tax filing requirements.
"The Enterprise Compliance solution allows us to have one centralized platform that electronically files consolidated returns for our wholesale and retail divisions," said Shane Wharton, vice president of accounting at Love's. "The solution ensures our filings are accurate and compliant with all state and federal standards to reduces our risk and exposure to potential penalties."
Love's is required to calculate complex excise tax filings on a monthly basis, and with FuelQuest's ZyTax Enterprise Compliance module in place, Love's will be able to automate and centralize the preparation and filing of its monthly returns electronically, the company reported. The solution ensures accurate and efficient tax filings and keeps Love's up-to-date with current tax reporting requirements in all of its tax jurisdictions around the country.
By replacing a series of manual processes and data feeds, the solution enables Love's to rapidly adapt to the filing requirements of additional markets by deploying a single source tool throughout its coast-to-coast operations.
"FuelQuest's ZyTax Enterprise solution provides Love's with powerful, accurate and reliable compliance and reporting capabilities," said John Beaty, vice president-global tax solutions for FuelQuest. "With more than 180 retail locations and a highly successful wholesale operation, our Enterprise Compliance solution will support Love's growth initiatives and allow the accounting department to focus on more value-added activities."