If you haven't heard, sales tax audits are on the rise and that trend is likely to continue for some time. In fact with record budget shortfalls, States are discovering a new revenue source in auditing existing businesses, looking for loopholes of non-compliance, and collecting back sales tax, penalties and interest.
Add that to an already complex sales tax law and ever-changing rates and it's not hard to see why small businesses are struggling with the cost and burden of compliance. Luckily, your Sage 500 ERP (formerly Sage ERP MAS 500) system can meet this challenge head on with Sage Sales Tax Powered by Avalara.
Regardless of whether or not you're aware of potential non-compliance, you can be held accountable for penalties and interest for any mistakes or miscalculations that are uncovered during an audit. Even with the best intentions, mistakes are not uncommon among businesses that are calculating sales tax manually. With thousands of tax regions throughout North America, constantly changing rates and jurisdictional boundaries, and sales tax that can be vastly different on two sides of the same street, it's virtually impossible for most companies to keep up.
Put the worry behind you with Sage 500 Sales Tax Powered by Avalara - an affordable alternative to the old-fashioned method of managing sales tax manually.
It plugs right into your Sage 500 system, performing address validation, jurisdictional research, and up-to-date rate calculations while you continue to use the same order entry and customer screens that you're accustomed to. It all happens 'behind the scenes' with no change to your existing workflow. Plus, you get automatic tax rate updates as they happen, detailed reports, and optional filing service.
And since Sage Sales Tax Powered by Avalara is a web-based service, it takes just minutes to download and install. No hardware, no complicated implementation, and no hassle.
With Sage 500 Sales Tax, you get the benefits of a "big business" sales tax engine with a small business price tag. Put the hassle and audit concerns behind you and focus, instead, on what your company does best!
Feel free to Contact Us and discover how easy sales tax compliance can be for Sage 500 ERP.