Avalara Launches AvaTax Excise for Multi-Tax Industries

Avalara Launches AvaTax Excise for Multi-Tax Industries

Fully Automated Solution Enables All-in-One, Indirect Multi-Tax Calculation

Seattle, WA – February 17, 2016 Avalara, Inc., a leading provider of cloud-based software delivering compliance solutions for sales and use tax, excise, communications, VAT and other transactional taxes today announced that AvaTax Excise now fully automates the calculation of sales and use taxes, in addition to excise tax.

By leveraging Avalara’s Compliance CloudTM platform, AvaTax Excise supports the determination and calculation of tax for businesses in industries such as bulk fuel distribution, residential propane and heating oil distribution, vehicle and equipment rental, wholesale tobacco, and residential power. In these kinds of businesses, obligations for excise (volumetric) and sales and use (ad valorem) tax types create significant complexity for managing tax compliance.

“Implico is able to transparently embed excise tax calculation and determination within the SAP pricing procedure. Now with excise and sales / use tax calculations residing on the same platform, we’re able to deliver a seamless integration to SAP, which means faster time to value for our clients,” said Mike Serratore, vice president and general manager of Implico, an Avalara solution partner.

AvaTax Excise integrates directly with back office pricing processes and provides the flexibility to handle complex excise tax rules without the need for costly and time-consuming custom coding. AvaTax Excise customers can easily automate the calculation of gross receipts taxes, where the sales tax is calculated on top of one or more excise taxes. For industries with residential sales, Avalara’s advanced geo-location technology ensures precise identification of local tax jurisdictions and rates. Companies in these tax-challenged industries that have a need for a highly customized traditional tax software deployment will be able to reduce both implementation and maintenance costs through Avalara’s solution.

“We’re excited to leverage our expertise in fuel tax compliance to help those in other industries facing similar challenges,” stated Matt Tormollen, executive vice president and general manager of Avalara’s Excise business unit. “We know that all tax managers are all looking for ways to simplify, eliminate costs, and reduce tax compliance risk.”

Watch a quick overview of the challenges facing industries that must calculate both excise and sales tax.

About Avalara

Avalara helps businesses of all sizes achieve compliance with sales and use tax, excise, communications, VAT, and other transactional taxes by delivering comprehensive, automated, cloud-based solutions that are fast, accurate, and easy to use. Avalara’s Compliance CloudTM platform is designed to effectively manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities in the United States and internationally.

Avalara offers hundreds of pre-built connectors into leading accounting, ERP, ecommerce and other business applications. The company processes millions of tax transactions for customers and free users every day, files hundreds of thousands of transactional tax returns per year, and manages millions of exemption certificates and other compliance related documents. Founded in 2004 and privately held, Avalara’s venture capital investors include Battery Ventures, Sageview Capital, Arthur Ventures, Warburg Pincus, Battery Ventures, TCV and other institutional and individual investors. Avalara employs more than 1,000 people at its headquarters Seattle, WA and in offices across the U.S. and in London, England and Pune, India. More information at: www.avalara.com.

Recent posts

The 2021 sales tax changes report: midyear update

Your guide to navigating the complicated world of tax compliance and preparing for the future 

The 2021 sales tax changes report: midyear update

Hear tax and industry experts break down the latest legislative updates and industry trends in our upcoming virtual event.

Stay up to date

Sign up for our free newsletter and stay up to date with the latest tax news.