Things to know before buying a sales tax software

Things to know before buying a sales tax software

Tax filing and compliance can be a challenging process to undertake manually, especially for a large-scale organization. Factors like jurisdiction, compliance procedures, and stringent filing deadlines can truly make sales tax and VAT computations a major headache. The solution is to purchase premium tax management suites that automate the process from start to end and provide a truly hassle-free experience. Here is a brief overview of the key features to look out for and the five best software you can consider for the business.

Key features to look for in sales tax software
With software automation, your business can adhere to compliance requests and never miss a deadline for filing. Read on to know the key features to look for in a sales tax software.

  • Ease of use
    One of the most important points to consider is the ease of use. All employees in the organization must be able to use the software and integrate it into their daily workflow. Employees must be able to upload data, compute taxes, and reconcile all finances easily.
  • Accuracy
    Automation software is updated regularly to include plugins for online validation. This way, all recent amendments to the tax structure can be incorporated, keeping your business audit-ready.
  • Nationwide jurisdiction
    Sales tax is largely applicable in all 50 states. The software you choose should allow your company to register nationwide so that sales tax can be calculated for all the states. This also makes it easy for the company to account for and reconcile balances.
  • Customer support
    Customer support to address any technical issues or matters with regards to compliance is a key feature to look for in sales tax software. Opt for premium plans and pricing options that guarantee 24/7 executive support and priority consults to address any and all software management issues.
  • Pricing
    Affordability is another major factor to consider before taking a premium plan. Consider all additional costs, operational expenses, and charges for using the software. Ensure that you do not pay for solutions that are not necessarily needed in the long run. Pay for only what your business needs.

Continue reading to know more about popular sales tax software in the market.

  • TaxJar
    TaxJar ranks among the best sales tax automation software for commercial compliance. The software covers nearly 11,000 jurisdictions to ensure that all state-wise records are maintained error-free. The software allows seamless integration across multichannel sales and tracks all tax receipts with a single dashboard in real-time. It is also possible to directly integrate the software with any existing enterprise resource solutions (ERS) your business uses. Moreover, the customer service team is always at the ready to provide assistance for any product-related queries, technical issues, and general grievances. With TaxJar, it is easy to calculate, generate reports, file taxes, and never miss a crucial filing deadline.
  • Davo Sales Tax
    Davo provides automated sales tax software for small businesses to calculate, file, and reconcile sales tax for daily transactions. The software can be easily integrated with some of the most popular points of sale systems in the market, including clover, Square, Toast, Lightspeed, Intuit Quickbooks, and Ovvi, among others. All you have to do is provide detailed sales transactions, and the software will automatically set aside the amount of sales tax due daily. The calculation is done in real-time, with automated filing enabled for the due date. All data is stored in a secure encryption server, with the latest SSL and web interaction certificates enabled for maximum data security. Additional features also include cloud backup and rapid data recovery.
  • Sovos Taxify
    Sovos Taxify provides exclusive enterprise solutions for sales tax and VAT compliance. The software is designed to simplify compliance, capture tax computation from all operations, asses and control exemptions, and automatically file with the proper tax authorities. Sovos can be integrated with existing ERS and POS systems. It is also possible to determine accurate rates, validate invoices, manage all exemptions, and automate filing for the enterprise. You can additionally manage all VAT obligations with real-time updates, automated data processing, data analytics, and automated uploads with the governing tax body.
  • Lovat
    Lovat offers smart sales tax and VAT solutions with support available in 57 different countries. The software is ideal for enabling all business expansion plans for global sales. Lovat also covers a large network of jurisdictions for error-free and timely tax compliance. It offers an all-in-one solution for global sales and VAT calculations with accurate reports, so you never pay more than what is due. It also ensures that you never miss a filing deadline as the software is designed to automatically check, compile, and file on the due date. The software can generate reports in all compatible formats so that your business can be audit-ready at all times.
  • CSC Corptax®
    CSC Coprtax® offers all-round tailored automated tax solutions for global sales tax and VAT compliance. Businesses can opt for the CSC Corptax® Single Solution, Corptax® Provision, Corptax® Compliance, and Corptax® Transformation suite technology. These suites are designed to provide a specific set of monitoring tools and resources to ensure streamlined end-to-end tax services. Key features include one-click data access custom automation and workflow, easy cross-platform and industry information exchange, and complete analytics for audit. CSC Corptax® provides solutions for both Federal and State tax filing.

Related Reading

Tips for Buying the Best Dog Food

Tips for Buying the Best Dog Food

Most of the dogs do not have a food fuss and may eat almost anything that you feed them. Dogs are not choosy at all when it comes to food and nutrition. Hence, it is important to make sure that the food that you are purchasing for your dog is healthy. The landscape of dog food has been developing by leaps and bounds in recent times. There is a wide variety of options to choose from in the online and offline market. Given the wide range of options that are available today, buying the best dog food might seem to be a confusing task indeed. All the commercial pet food that is available in the market today is regulated by the FDA. Therefore, most of the products do contain nutritious, healthy, and safe ingredients. But it does help to know certain basic factors you should look for while buying food for your dog. Prioritize on the nutritional guarantee The best dog food, which meets the dog’s needs adequately has a statement written on the label of the product, from the Association of American Feed Control Officials. Buy from some of the best dog food brands, such as Fromm Family Foods, Earthborn Holistic, Nature’s Variety Instinct, and The Honest Kitchen.
Different Types of Kitchen Cabinets Available for Your Home

Different Types of Kitchen Cabinets Available for Your Home

The most important aspect when designing your kitchen is deciding on the type of cabinets. In addition to functionality, kitchen cabinets score on aesthetics as well. Once the layout is planned, you can go ahead with choosing the cabinets. If you’re remodeling your home or just the kitchen, what you need to consider are the types of cabinets that furnish your kitchen. Here are a few types of kitchen cabinets that you can choose from. Base cabinets These kitchen cabinets are mounted on the floor and they are placed after checking out the floor plan. A major part of your job in the kitchen is on these base cabinets, which hold and support the countertops. These base cabinets are combined to carve out kitchen islands. A number of base cabinets are fused/set against one another and installed on site. The base cabinets, in addition to supporting the countertops, serve as drawers to hold your cutlery and appliances. Wall cabinets Mounted on the walls, these cabinets can store everything, right from your cookware to cookbooks. In terms of design, they offer utmost flexibility. Wall cabinet kitchen is available in varying heights, multiple widths, and custom depth options. This customization helps you to fit in your stuff of varying shapes and sizes into the wall cabinets.
How to Pick the Right Dog Food for a Sensitive Stomach

How to Pick the Right Dog Food for a Sensitive Stomach

In today’s world, where you are presented with over a dozen choices for every item you would purchase for your own kitchen, it is not surprising that you have an equal number of options for your dog’s food. However, choosing the perfect brand and formula for your dog out of a range of options in the market is not an easy job. Your pet depends on you and trusts you to make the right choice for them. Therefore, it is imperative that you do your research about the products available in the market, understand what your dog needs, know what might be your pet’s problems, and then make a sound decision. What is a sensitive stomach? Dogs are known to have voracious and large appetites. Keeping that in mind, it is normal to assume that they have strong stomachs. They can eat close to anything be it sweets, bakes, chewy gum, hard leather or even woolen socks for that matter! It always so happens that the strongest of them are prone to allergies and can develop a disorder which is medically translated as a sensitive stomach. This might be due to a sudden change in the food habits or even due an infection picked up from somewhere.
All You Need to Know about Cat Food

All You Need to Know about Cat Food

For cat owners, cat food is a hot topic. You need to think about it in different aspects. The best thing is to know which ingredients are good for cat food and which are harmful. If you are aware of this, you can get an idea about the quality of the cat food just by going through the label. It is always sensible to stick to one brand of cat food. However, you may also want to try and prepare cat food yourself. There are also various options for wet cat food as well. Cat’s love for fish is universal, so you can do without going for expensive cat food. Nevertheless, whether you buy it or prepare cat food at home, you need to ensure that the food contains enough nutrition and calories. You would need to have some idea about the ingredients that must be present in cat food and make a worthy selection for your cat. Basic ingredients present in good cat foods Cats need a variety of nutrients to stay healthy and active; they need various vitamins, minerals, fats, proteins, and oils. The following is a brief explanation of the basic ingredients that should be present in cat foods.