Bainbridge Island, WA — March 12, 2009 — Avalara (www.avalara.com), the leading provider of Web- powered sales and use tax automation solutions for businesses, today unveiled a new software-based service that automates a complex accounting process and identifies major tax audit risks unknowingly faced by thousands of businesses.
While many companies either ignore or are unaware of potential audit exposure, Consumer Use Taxes are a growing source of penalty revenue for budget-strapped state governments. AvaTax CU™ easily and accurately calculates a company’s Use Tax obligation, assuring compliance and substantially reducing audit risks.
In most cases, when businesses purchase products for use in their day-to-day operations, they are required to pay either sales tax to the vendor, or use tax to their state and local taxing authorities. Some businesses are at elevated risk for Consumer Use tax audits, including contract services, manufacturing, hospitality, distribution, medical services, and dental services.
“AvaTax CU dramatically simplifies the process of calculating Consumer Use tax requirements,” said Marshal Kushniruk, Executive VP, Strategic Accounts and User Experience at Avalara. “Tax calculation can be scheduled to fit with filing schedules and batch processed quickly at the click of a button. This streamlines the tax management process and eliminates the need to spend long hours doing manual calculations.”
AvaTax CU integrates with any e-commerce, ERP or POS application and also supports data imports. The system uses Avalara’s industry leading tax calculation engine to quickly and accurately analyze all accounts payable transactions and generate robust, detailed reports.
About Avalara:
Avalara is transforming the sales and use tax compliance process for businesses of all sizes by delivering advanced technology solutions that provide the fastest, easiest, most accurate, and affordable way for companies to address their statutory tax requirements.Chosen by nearly 10,000 businesses throughout the U.S., Canada, and abroad, and a trusted provider of over 100 million sales tax calculations annually, Avalara is the recognized leader in web-based sales tax services and solutions. For more information, please visit www.avalara.com
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For more information, contact Althea Azeff at (206) 780-7000 x116 or althea.azeff@avalara.com.