, a provider of fully automated, up-to-date sales and use tax compliance solutions, has announced the availability of AvaTax 1099
, a cloud-based solution for end-to-end 1099 reporting. The announcement follows Avalara’s new strategic partnership with Convey, a tax information reporting company.
AvaTax 1099 expands Avalara’s reach beyond the transactional tax compliance space and delivers the new industry standard for tax information reporting. Accounts Payable departments access AvaTax 1099 via a Web browser and benefit from the following features:
- Real-time Tax Identification Number (TIN) verification
- Automatic updates, guaranteed compliance
- Intuitive, easy-to-navigate interface
- Built-in W-9 and B-Notice remediation processing
- Automated printing and mailing
"We’re thrilled to be offering AvaTax 1099 as the industry’s premier cloud-based solution for tax information reporting, and it’s a pleasure to be expanding Avalara’s footprint in the compliance ecosystem, further assisting new and existing customers with overly complex, burdensome tax reporting and compliance issues,” said Scott McFarlane, CEO and co-founder of Avalara. "Both tax information reporting and sales and use tax regulations are dynamic and an ever-increasing challenge for U.S. businesses. 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.”
Tax information reporting and sales and use tax compliance continue to receive significant attention by federal and state tax agencies as government budgets are constrained by revenue shortfalls. Staying up-to-date on the constantly changing tax reporting requirements that agencies are imposing to capitalize on under-reported taxes is a significant challenge for businesses of all sizes.
“Both the IRS and Congress are looking more closely at tax information reporting, and firms will be under greater regulatory scrutiny as well as greater pressure to accurately comply,” said Brian Provost, president and CEO of Convey. “AvaTax 1099 is hitting the market just as firms are being affected by new and existing tax reporting regulations, with the attendant needs to update systems, and handle new complexity. Avalara was the best possible choice for strategic partnering to bring this important new service to the SMB marketplace, due to their extensive industry presence surrounding sales and use tax filing and reporting. Customers now have, in AvaTax 1099, a one-stop solution that addresses their most pressing tax reporting pain points.”
Avalara processed over $10 billion dollars in sales tax returns and Convey processed over 80 million 1099s on behalf of their clients for tax year 2010.
Both Avalara and Convey deliver their tax reporting solutions as Software-as-a-Service (SaaS), eliminating the need for clients to deal with the on-going cost, support and maintenance of hardware and software updates. Clients can securely login to either company’s solutions via any internet-enabled device.