The Big Tax Problem for Small Etailers
Despite vocal opponents, Americans will at some point in the near future, likely have to pay taxes on their online purchases. It may not happen today, tomorrow or even in the next five years. But it will happen, and those merchants that are prepared are those positioned for the greatest long-term success.
Cloud-based sales tax and compliance automation solution Avalara is lending a virtual hand, introducing a free version of its TrustFile sales tax reporting and filing solution for small online retailers.
The solution enables small e-commerce sellers to determine their sales tax filing requirements across the 12,000 tax jurisdictions in the United States. Internet retailers will be able to determine whether or not they are collecting the right among of tax in each individual state, and then store their sales tax history records in the cloud.
“A few cloud-based services exist to help small e-commerce companies with the pain of handling sales tax reporting requirements, but at a cost,” said Webb Stevens, Head of Product at Avalara. “We’re pleased to eliminate this obstacle by providing our TrustFile solution free of charge. It’s our way of helping budding e-commerce businesses get a foothold in a risk-free way.”