SaaS-based sales tax automation service provider Avalara released AvaTax 1099, a cloud-based offering for 1099 reporting that leverages a new strategic partnership with SaaS-based tax information reporting company Convey.
Accounts payable departments can access AvaTax 1099 via a Web browser. The product offers real-time Tax Identification Number verification, automatic updates, guaranteed compliance, built-in W-9 and B-Notice remediation processing, and automated printing and mailing
“Both tax information reporting and sales and use tax regulations are dynamic and an ever-increasing challenge for U.S. businesses,” said Avalara chief executive Scott McFarlane. “Finding outsourced, real-time solutions to both is a must for businesses who want to comply without being overburdened by costly and labor intensive paperwork. Our partnership with Convey and the resulting AvaTax 1099 solution addresses that need and delivers an end-to-end tax reporting service that is unparalleled in today’s market.”
Avalara processed over $10 billion in sales tax returns for tax year 2010, while Convey processed over 80 million 1099s on behalf of its clients during the same period.
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