Free Site Registration


Avalara Buy Adds Product Taxability Database

Print
Email
Reprints

Avalara has acquired UPC code taxability database UPC Matrix Master, which adds in a multi-state, product database that maintains taxability information for more than 10 million products in thousands of tax jurisdictions across the U.S.

Scott McFarlane

The financial details of the purchase were undisclosed, however it help growth in Avalara’s sales tax content and research professionals.

“Until recently, Avalara was primarily known as a technology company that revolutionized and came to dominate the sales tax industry with our cloud-based service model,” said Avalara chief executive Scott McFarlane. “Now we also lead the way with our sales tax content, which means we can touch more businesses in more industries with higher levels of accuracy than anyone. Our end goal, however, is even higher. We are establishing a new standard for breadth and depth of sales tax content domestically and internationally.”

Matrix Master was created by sales and use tax product and information provider Tax Matrix, which remains in business after the product acquisition.

Tax Matrix is engaged by tax teams at companies across America for its suite of services including reverse audits, compliance reviews, audit defense, custom matrix development, nexus studies and voluntary disclosure representation. Tax Matrix is now the preferred provider of these services to Avalara’s growing client base.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Advertisement

Accounting Technology

Advertisement

The Virtual Firm

November 7, 2013

Jennifer Katrulya, CEO of the Business Management Resource Group, discusses how to run an accounting practice from an iPad or other mobile device in a virtual environment, in an interview with managing editor Tamika Cody at Accounting Today's Growth & Profitability Summit in Orlando.

Social Media Tips for Professional Services Firms

October 9, 2013

Social media strategist Adrian Dayton and BeachFleischman PC chief marketing officer Eric Majchrzak discuss how accounting firms and other professional services firms can use LinkedIn, Google+ and other social networks to market their offerings to potential clients, and use search engine optimization to showcase their content, in an interview with Accounting Today senior editor Danielle Lee.

Top 10 Tech Trends for 2014

March 3, 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments. As we begin 2014, James Cashin, partner at McGladrey, has identified ten common strategies in how companies are capitalizing on their IT investments to best implement process improvements and increase performance.