"The Taxify add-on is a total game changer for Xero users," said Scott Scharf, co-founder of Catching Clouds. "We couldn’t scale our business or deliver as much value to our eCommerce customers without Taxify as a partner."
Boulder, Colorado (PRWEB) March 24, 2016
Taxify, the world’s most accurate sales tax automation software solution for small to mid-sized businesses, announced today that its Xero application, the first business application to automate sales tax compliance and accounting for Xero users in all 12,000 US sales tax jurisdictions, is now available on Xero’s Add-on Marketplace. The new application brings enterprise-level sales tax return filing automation and tax payment reconciliation to accounting professionals and multi-channel businesses using Xero’s online accounting software.
“Small businesses are dealing with increasingly complex and dangerous tax situations, and the solutions that are available just don’t give them the accuracy or coverage they need to stay ahead. We’ve been working closely with Xero to change all that,” said Eric Olson, Group VP of Taxify, which is part of Sovos Compliance, the preferred tax software provider for many of the world’s top retailers. “This new add-on finally puts small businesses on an even playing field with big business, giving accountants the tools they need to both comply easily no matter where they do business and accurately track and reconcile tax payments in a modern, multi-channel world.”
Taxify and Xero collaborated on the new application, deepening their partnership to help accounting professionals and eCommerce businesses to better manage their business in the cloud. The application is specifically tailored for small businesses, bringing three new capabilities that haven’t been available until now:
1. Automated filing in every US sales tax jurisdiction, including counties, cities and special districts.
2. Full reconciliation of tax payments and tracking of sales tax liabilities.
3. Support for multi-channel sales models, allowing businesses to easily control the flow of transactions from a variety of third party applications within Xero.
Taxify’s Xero application allows transactions to automatically flow from Xero’s software platform into Taxify. Any transactions in Xero will automatically appear in Taxify, though users can select and omit specific transaction sources to avoid duplicate transactions.
"The Taxify add-on is a total game changer for Xero users,” said Scott Scharf, co-founder of Catching Clouds, an eCommerce Accounting services company. “Taxify takes on this dirty job of sales tax management so we can focus on growing our eCommerce accounting business. We couldn’t scale our business or deliver as much value to our eCommerce customers without Taxify as a partner."
Taxify automatically populates hundreds of unique tax schedules on state and local sales and use tax returns, automatically files those returns in the appropriate jurisdictions and remits payments directly from the users’ bank accounts to the appropriate taxing authorities. After remittance, payment details are posted to Xero to offer easy reconciliation with bank transactions. In addition, the payment approach allows users to easily take advantage of vendors’ discounts and early filing credits, a capability that has been largely unavailable on tax compliance software solutions. Taxify’s Xero application is a simple, one click set up, which takes just minutes to implement, and gives accounting professionals and small businesses the ability to focus on their businesses, instead of sales tax compliance.
Taxify is built to help businesses grow without fear of compliance-related issues by automating sales tax compliance from end-to-end. Its tax calculation engine provides accurate tax rates for more than 12,000 jurisdictions to shopping carts and integrates with eCommerce platforms, marketplaces, and accounting systems to automate filing in every state and local jurisdiction.
More information on Taxify’s Xero Add On is available at: http://taxify.co/features/xero/.
Taxify is the world’s most accurate sales tax automation software solution for small to mid-sized businesses. Integrated with most cloud accounting, eCommerce and marketplace applications, Taxify provides pinpoint accurate sales and use tax rates in real-time and automates return filing in more than 12,000 unique jurisdictions. Taxify is based in Boulder, CO and owned by Sovos Compliance, the 30-year leader in tax compliance and preferred solution for more than 50 of the Fortune 100. To sign up for Taxify, find out more information about job opportunities, and keep up on the latest news, visit Taxify.co and follow them on @TaxifyHQ.