TaxACT and Paylocity Forge Tax Time Alliance

TaxACT 2006 Deluxe Automates Tax Preparation for the Employees of Paylocity Payroll Clients.

October 10, 2006


Cedar Rapids, Iowa — 2nd Story Software, Inc., developers of America's most trusted, value-priced income tax preparation software, announces its alliance with Paylocity Corporation, America's leading independent provider of payroll and integrated human resource solutions for small and mid-size companies.

The association between these two companies enables the employees of Paylocity clients the ability to download tax data found on their electronic W-2 form directly into TaxACT Deluxe over-the-Web. TaxACT Deluxe's Fast-Forms feature is a simple point-and-click interface, which permits users to select Paylocity as their payroll provider and (after providing authentication information) begin downloading their W-2 information directly into TaxACT Deluxe. Meanwhile, TaxACT Deluxe's on-screen messaging keeps its users informed about the download process.

“Convenience, accuracy, and conservation of time and money provide American taxpayers healthy incentives to rely upon TaxACT to prepare their tax returns,” says Lance Dunn, President of 2nd Story Software. “Our goal is to partner with companies that share in our mission and desire to save its customers time and money. Partnering with a top-notch payroll provider, such as Paylocity, will allow us to offer our mutual customers outstanding value and a range of well-integrated, powerful solutions.”

“We are very excited about our new partnership with TaxACT, says Steve Sarowitz, President of Paylocity. TaxACT will provide yet another integrated feature for our clients that are utilizing our paperless payroll and HR solutions. We are impressed with TaxACT's product and are looking forward to sharing it with our clients and their employees.”

As part of the alliance, Paylocity will also integrate a link within the self-service section of its new WebPaySM hosted payroll solution - enabling its client's employees convenient access to TaxACT Online's tax preparation services.

About TaxACT

Approaching its ninth tax season, TaxACTOnline.com has emerged as the 2nd highest trafficked online destination for tax preparation services; and is America's only Web-based tax planning and preparation solution to offer taxpayers year-round service.* As America's No. 1 value-leader in tax-preparation software and consumer services, TaxACT is the nation's pioneer and most trusted leader of free tax-preparation software and online services. Designed to make preparing taxes electronically possible for everyone for little to no-cost; TaxACT Standard is the only product to offer free e-filing services directly to consumers.

About 2nd Story Software, Inc.

2nd Story Software, a privately held company founded in 1998, is the leader in developing and marketing affordable tax-preparation software and Web-based services directly to consumers. To date, the comprehensive suite of TaxACT products have enabled more than 23 million consumer returns to be filed. It recently completed an $85 million recapitalization with TA Associates, a leading private equity and buyout firm.

More information regarding 2nd Story Software, Inc. and the TaxACT product line may be viewed by visiting www.TaxACT.com.

Source: TaxAct.com

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