In its second-largest acquisition, Amazon buys the company for $970 million.
GoPayment Uses Avalara’s Geolocation Engine to Deliver Spot-on Sales Tax Calculations.
Bainbridge Island, WA -- May 24, 2012--Avalara today announced its geolocation sales tax engine is now part of Intuit’s GoPayment mobile payment application, which turns the most popular mobile devices into a mobile cash register.
Using Avalara’s industry-leading technology, GoPayment helps small businesses get paid confidently wherever they are by accurately calculating taxes based on the precise location of a sale, taking into account the city, state and municipal tax codes, as well as special tax districts.
Set-up is seamless and once enabled, all sales and resulting taxes initiated from GoPayment are reported and recorded based on the latitude and longitude coordinates of the sale. This unmatched level of accuracy gives businesses many advantages, including greater risk mitigation in the event of an audit, and reduced customer service issues related to incorrect tax rates.
“Avalara eases the burden of statutory sales tax requirements by providing a fast, easy way to manage indirect taxes that is as accurate and affordable for small and mid-size businesses as it is for large corporations,” said Scott McFarlane, Avalara founder and CEO. “GoPayment users are now able to spend more time on what matters most, delighting their customers and growing the business.”
Additionally, merchants can access their sales tax information in a downloadable report. They simply log into the online Intuit Merchant Service Center, select the appropriate state, purchase the reporting subscription and download a report that provides all sales taxes for the given period of time.
The geolocation sales tax feature is now available for GoPayment for the iPhone, iPad and iPod touch as well as GoPayment for Android devices. More information is available at GoPayment.com.
Avalara is the leader and visionary in sales tax automation for businesses of all sizes. It simplifies the complexity associated with sales and use tax and – in the process – makes compliance achievable by all.
Avalara partners with more than 170 of the world’s leading accounting and commercial software publishers to accomplish this. Its web-based offering provides the most complete set of transactional tax compliance services available, including tax calculation, exemption certificate management and returns processing. It also offers 1099 filing and reporting.
Established in 2004, Avalara is a founding member and Certified Service Provider of the Streamlined Sales Tax initiative and one of the fastest-growing companies in America. It employs more than 275 professionals at its headquarters on Bainbridge Island, WA and offices in Seattle; Irvine, San Diego and Rocklin, CA; Falls Church, VA and Pune, India.