Merchants on the go can now solely focus on making sales instead of searching for local tax rates.
Business and financial management solutions provider Intuit has announced that its GoPayment mobile payment processing solution now provides geolocation-based sales tax calculations, which will help small businesses calculate taxes based on the specific location of a sale - taking into account the city, state and municipal tax codes, as well as special tax districts.
This new feature is based on Avalara's sales tax geolocation engine. It will make it easier for merchants to collect the correct data that is needed to file taxes, and aims to reduce customer service issues that are related to inaccurate tax rates as well as diminishing the risk of audits and fines.
The feature is available for GoPayment on both iOS and Android devices.
"Our customers wanted to eliminate the worry of complying with local tax rates," says Chris Hylen, vice president and general manager of Intuit's Payment Solutions division. "This newest technology uses latitude and longitude coordinates, instead of ZIP codes, to deliver the most accurate calculations available - even in the most complex jurisdictions."
I'm a creative and adaptable journalist with experience in both print and digital media. Some of my best attributes include my social media management, writing and video editing skills. Skills: • Managing social media accounts with tools like HootSuite and Sprout Social • Creating and marketing content for print and digital media • Editing videos with software like Avid Media Composer • Composing articles with Adobe InCopy • Strong knowledge of AP Style • Skilled at interviewing and writing • Able to work on a deadline and produce quality results • Organized and detail oriented • Innovative problem solver