Bodybuilding.com Chose Sovos Compliance for Ease-of-Use and Fast Implementation
Bodybuilding.com, a premier supplier of health and fitness supplements, sells exclusively online. The company has multiple locations around the world and needed a compliance partner to manage their indirect tax needs for their expanding e-commerce business. Due to the multiple complexities of taxing jurisdictions and international nature of their business, choosing an end-to-end compliance partner was imperative for their continued growth and success.
With years of experience calculating Value-added Tax (VAT) and its recent acquisition of the Netherlands-based firm, VAT Resource, Sovos Compliance understands the challenges and implications of selling globally and supports robust tax content geared specifically toward the growing e-commerce industry. Sovos Compliance has designed its hosted tax determination engine to simplify compliance and provide automation that accounts for various factors that frequently complicate even the simplest online transactions. Sovos Compliance has helped some of the largest and most recognizable e-commerce companies address their specific challenges to efficiently manage tax compliance, limit audit risk and reduce costs.
Prior to implementing Sovos Compliance’s hosted solution, Taxware Enterprise (TWE), Bodybuilding.com required their international customers to self-assess and self-remit sales tax on purchases, causing the company to receive negative feedback from unhappy customers and increased inaccuracies. Bodybuilding.com needed a solution that was reliable and easy to use, while increasing accuracy and mitigating audit risk.