Avalara Partners with Xero to Automate Sales Tax for Small Businesses
24 August 2022 - 10:03PM
Business Wire
Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based
tax compliance automation for businesses of all sizes, today
announced a new partnership with Xero, the global small business
platform, that will provide accountants, bookkeepers, and small
businesses with a new sales tax automation solution. The new
partnership will bring advanced sales tax workflows and management
directly into the Xero platform, enabling advisors and business
owners to automate sales tax calculations, reporting, and
filing.
Simplifying sales tax compliance for accountants and small
businesses
With more than 13,000 sales and use tax jurisdictions in the
U.S., managing and reporting sales tax can be a complex and
resource-intensive burden for small business owners. Recent
research found that small businesses with up to five employees
spend an average of 163 hours or $17,672 each month on sales tax
compliance.
The partnership will allow Avalara and Xero to build an
integration solution that automates the sales tax compliance
journey from within the Xero platform, which allows accountants and
small businesses to more easily manage sales tax calculation and
reporting. Avalara’s expansive tax content database and sales tax
calculation engine improves the accuracy and streamlines the
management of ever-changing taxability rules and rates. Meanwhile,
Xero provides the ability to apply the correct tax treatment to
invoices and simple, state-based reporting.
"We know people don’t start their small business to be buried in
tricky admin. Our new partnership with the experts at Avalara, we
can automate compliance work and give small businesses and their
advisors a simple, efficient, and beautiful experience to meet
their tax obligations so they can focus on growing their business,”
said Anna Curzon, chief product officer at Xero.
Looking forward, accountants and businesses will benefit from
additional sales tax functionality from across Avalara's suite of
products, including e-filing options and more detailed reporting
tools.
“Sales tax continues to change and become more complex,
especially for small businesses. We want to make it as easy as
possible for these businesses to have access to automated solutions
so they can focus on running their business,” said Sanjay
Parthasarathy, chief product officer at Avalara. “By partnering
with Xero, we are able to inject Avalara’s tax compliance expertise
and technology directly into a leading global accounting platform
for a convenient way for businesses to manage sales tax. This
partnership will also support accountants by automating the
management of changing tax rates and rules, and providing validated
data to process returns for clients.”
This partnership with Xero illustrates Avalara’s commitment to
embedding compliance into experiences for our partners. Earlier
this year, Avalara announced new tools and APIs to expand
opportunities for partners to build compliance integrations and
functions.
The partnership was announced at Xerocon New Orleans, where
Avalara and Xero provided attendees the first opportunity to sign
up for closed-beta trials, which will be available next year to a
limited number of users. To keep up to date with the latest
partnership developments, please click here.
About Avalara
Avalara helps businesses of all sizes get tax compliance right.
In partnership with leading ERP, accounting, ecommerce, and other
financial management system providers, Avalara delivers cloud-based
compliance solutions for various transaction taxes, including sales
and use, VAT, GST, excise, communications, lodging, and other
indirect tax types. Headquartered in Seattle, Avalara has offices
across the U.S. and around the world in Brazil, Europe, and India.
More information at avalara.com.
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Media Contact Tommy Morgan media@avalara.com
540-448-7551
Investor Contact Jennifer Gianola
jennifer.gianola@avalara.com 650-499-9837
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