Taxify | Sovos Compliance Rolls Out Sales Tax Automation for Online Retailers

Sovos
October 29, 2015

Hello, world! We are a little slow to announce it (we wanted to get the timing juuust right), but we’re here today to let you all know that we are coming out on the sales tax automation stage! Taxify is the first software solution to provide industry-best tax calculation and automated filing for small to mid-sized businesses on a platform built specifically for the unique needs of businesses who sell online. We are here to help you focus more on your business — and less on sales tax! “More and more businesses are moving business online, and we kept hearing from them there are a lot of tax consequences that come along with the move — and no resources to deal with it,” said Eric Olson, General Manager of Taxify. “The solutions previously available to these companies are either too limited in their reach and accuracy or far too expensive and complicated for these businesses to use. Taxify is in a unique position to change that by providing access to Sovos’ world class tax content on a platform both tied to the systems these businesses already use and priced at a level they can afford.” Small to mid-sized businesses spend an astounding $63,000 every year on sales and use tax compliance, according to Aberdeen Group. Yet, those businesses struggle to keep up, listing their top challenges as “excessive labor,” poor accuracy and audit problems. Taxify is built to help these businesses get tax out of the way by automating compliance from end-to-end. Its tax calculation engine brings GPS-level tax rates for more than 14,000 jurisdictions to shopping carts and integrates with dozens of eCommerce platforms, marketplaces and accounting systems to automate filing in every state and local jurisdiction. “Our biggest challenge was to figure out what taxes we needed to collect and figuring out which jurisdiction to remit those taxes to on an order-by-order basis. Tax rates can be different on an address-by-address basis, even within the same zip code, and there’s no practical, feasible tool out there for a company of our size to put the resources together to figure out the exact correct tax rate,” explained Mark Kenny, Vice President of Planning & Finance at VintageView. “When our sales tax got more complex than what we could track with pen and paper, we turned to Taxify. It’s really been amazing working with them from a customer service experience, and as a customer I’ve felt really taken care of. I have nothing but glowing praise for Taxify.” To find out more information about how Taxify can help you ease the burden of sales tax compliance and keep up on the latest news, visit Taxify.co and follow them at @TaxifyHQ. Request a Demo Start Free Trial

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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