Taxware.Taxware, a provider of global transaction tax calculation and compliance solutions and a unit of First Data Corp., has entered into a strategic partnership with Avalara, a leading provider of Web-service based sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. solutions to the small and mid-size business (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) market. The partnership enables Taxware to serve every level of the business market, while providing Avalara customers with access to Taxware's Value-Added Tax value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. (VAT) rates and "taxability" matrix. While Taxware has historically been focused on Fortune 1000 companies that have demanding transaction tax requirements and use heavyweight enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems developed by Oracle and SAP, Avalara has focused on the SMB market, providing an easy-to-use Web-based sales tax automation solution. The Avalara solution, AvaTax ST[TM], integrates with the business, accounting and ERP applications widely used by small and mid-size businesses, including Intuit's QuickBooks, Sage Software's MAS 90[R] and MAS 200[R], ACCPAC ACCPAC Accounts Package ACCPAC Accounting Package International's Advantage Series, Epicor's iScala, and Great Plains, Navision[R] and MS Small Business Financials from Microsoft Business Solutions. As part of the agreement, Avalara's AvaTax ST customers will tap into more advanced capabilities provided by Taxware--notably, Taxware's taxability matrix, covering thousands of industry-specific product, service, entity and use-based rules, and Taxware's VAT capability, which addresses more than 150 countries. The Avalara solution, augmented by Taxware, "will give SMB companies access to world-class technologies, simplify a wide range of tax accounting procedures and minimize the risks and costs associated with both sales and use tax Sales and use tax refers to:
Under terms of the partnership, Avalara will co-deploy and become a reseller of Taxware products. In addition to the new partnership with Avalara, Taxware recently entered a strategic alliance with Group 1 Software, a Pitney Bowes company. Taxware will integrate Group 1's tax jurisdiction assignment software, GeoTAX, into Taxware's line of sales and use tax compliance products, creating a sophisticated address-level tax geocoding system. Web: www.taxware.com; www.avalara.com |
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