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.
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
UK SMEs need to embrace technology revolution
Modulr CEO Myles Stevenson and Seamus Smith, executive vice president of worldwide payments and banking for Sage, on why now is the time to embrace digitisation
