Tax solutions provider
The program allows users to scan the hundreds or even thousands of paper tax bills and assessments they get in the mail from different jurisdictions. These scanned documents can then be scrubbed for accuracy and automatically appended to the correct account. The software also tracks due dates for each tax bill, as well as their terms and conditions plus discount opportunities; this feature is designed to help avoid penalties for late payments.
"Today, property tax is one of the most challenging business compliance activities. This is due
to the complexity of preparing personal property returns and the downstream implications of assessments and tax bills for real and personal property. Further complications arise from many jurisdictions having different due dates and terms, varying state depreciation schedules, and getting data out of client systems to feed into the process," said Jayme Fishman, executive vice president and general manager of indirect tax at Avalara, in a statement.
"Our new property tax software solution follows our core mission of making taxes less taxing by offering businesses and accountants a more effective way to manage their property tax compliance and reduce errors while saving valuable time and money," he continued.
The release of Avalara Property Tax follows Avalara's acquisition of CrowdReason just over a year ago to
help businesses solve property tax compliance challenges.
As part of the Avalara Platform, businesses can use Avalara Property Tax to automate their property tax compliance alongside other tax compliance requirements. The solution is scalable and can be configured to address business requirements while supporting large volumes of work to meet demanding workloads.
