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Bainbridge Island, WA (PRWEB)
July 14, 2015
Avalara, Inc., a number one supplier of cloud-primarily based device turning in compliance options related to sales and excise tax, VAT, and different transactional taxes, today announced its CertCapture™ offering has been expanded to control gasoline licenses and exemption certificates, and is now on hand as an built-in option with Avalara Returns Excise undertaking™ and Avalara AvaTax Excise™ gas tax automation solutions.
CertCapture acquires, maintains, and retains exemption and resale certificates, use tax certificates, W-9s, excise tax, and other time delicate documents. With databases that scale into the millions, CertCapture integrates with virtually any undertaking resource Planning (ERP), tax choice software, or custom-developed industry machine to provide customer exemption standing in actual time.
In a single on-line platform, CertCapture now lets in gas distributors to retailer, search, and report on over 1900 various kinds of fuel licenses and tax exemption paperwork and automate the solicitation of recent documents by the use of more than one communique channels. through making sure that these paperwork are at all times up to date, indirect tax accuracy is stronger and hidden audit liabilities are refrained from.
“Downstream energy firms function in a highly regulated industry,” stated Matt Tormollen, EVP & GM of Avalara’s Excise & CertCapture Divisions. “each time fuel is sold or moved, it is subject to one or more taxes. each of those taxes could range in line with the precise licenses and exemptions held by way of the vendor or the consumer. by means of automating the management of gas license and exemption paperwork, CertCapture reduces administrative costs, minimizes tax calculation error, and ensures tax compliance, in this case reducing your audit chance.”
With CertCapture, fuel suppliers gather license and exemption paperwork immediately from their customers thru a steady web portal, casting off the wish to enter this information manually and the chance of data entry mistakes. CertCapture additionally tracks record expiration dates and solicits customers for updated paperwork automatically. since the newest fuel license and exemption documentation is available to the Avalara Excise Platform, the chance of using outdated data to calculate and file taxes is eliminated. An built-in workflow allows get admission to from any transaction to a helping document image, in this case providing simple proof of tax compliance and warding off audit liabilities due to lacking or invalid paperwork.
For more knowledge on Avalara CertCapture and the administration of gas license and exemption documents click on here.
Avalara CertCapture solutions
Avalara CertCapture integrates with current tax, order administration and digital storefront programs to collect validate and handle tax exemption certificates. Avalara permits businesses to comply with tax exemption laws and reduce audit risks, while streamlining sales techniques. Backed by way of a staff of skilled tax consultants who have in mind advanced ideas and laws for each state, Avalara helps trade keep p.c. with adjustments that are required to care for compliance.
Avalara Excise solutions
Avalara AvaTax Excise and Returns Excise undertaking automate the gas excise tax calculation and filing process for motor fuels such as gas, diesel, biofuels, lubricants, aviation gas, and pure fuel. Avalara permits firms promoting or the usage of fuels to scale back submitting costs and be certain tax compliance. Avalara has specialists on group of workers that take into account motor fuel taxation and actively follows each state and native tax authority for changes to rules, charges, and varieties which might be required for companies to handle compliance.
Avalara helps companies of all sizes reach compliance with gross sales and excise tax, VAT, and different transactional tax requirements by means of turning in comprehensive, automatic, cloud-based solutions that are fast, correct, and easy to use. Avalara’s finish-to-finish suite of options is designed to successfully take care of complicated and burdensome tax compliance duties imposed with the aid of state, local, and different taxing authorities in the united states and internationally.
Avalara deals tons of of pre-built connectors into major accounting, ERP, ecommerce and other industry functions. the company techniques hundreds of thousands of tax transactions for patrons and free customers every day, recordsdata a whole lot of heaps of transactional tax returns per year, and manages tens of millions of exemption certificates and other compliance related paperwork.
A privately held firm, Avalara’s undertaking capital buyers embody Sageview Capital, Battery Ventures, Warburg Pincus, expertise Crossover Ventures, Arthur Ventures, and different institutional and individual buyers. Avalara employs greater than a thousand individuals at its headquarters on Bainbridge Island, WA and in offices throughout the U.S. and in London, UK and Pune, India. more information at: http://www.avalara.com.
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