Stripe partners up with tax software company

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Avalara, a provider of cloud-based tax software solutions, has integrated with US payments processor Stripe to provide tax calculation and compliance services to the latter’s customers.

Avalara pioneered a service-based compliance platform for sales tax automation more than a decade ago and today works within a company’s own financial, billing, ecommerce, or point of sale system to provide an end-to-end suite of transactional tax compliance services for businesses of all sizes.

Avalara’s cloud-based solutions are now fully integrated with Stripe’s subscription billing service, as well as the Stripe API. This means that Stripe merchants can calculate the sales tax incurred on every transaction as well as automate the whole process for tax returns, preparation, filing and remittance.

The integration will be of particular interest to smaller companies who use the payment processing service. They now won’t have to focus on the more cumbersome aspects of taxation – especially in countries such as the US where the cross-jurisdiction element is often at play.

“Avalara’s integration with Stripe allows business owners to focus on their primary expertise and on business-building activities rather than time-intensive and compulsory reporting tasks,” said Marshal Kushniruk, EVP of Global Business Development at Avalara.

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