Sales Tax Software:

Traditional tax compliance methods are expensive, a drain on productivity and error prone. A good Sales Tax software that automates sales tax calculation saves time, money and effort. Tax Automation Software (TAS), which collects, calculates, and files properly prepared tax documents, effectively does your taxes for you.

Key features to look out for with Sales Tax software

• Define which products are taxable and tax exempt in the different states or regions you will be selling.
• The ability to handle multi tier taxes based on location.
• Automated updates to tax scales and regulations for all locations.
• Sales Tax Holidays if applicable for that state.
• Integration with your banks merchant account.
• Integration with your E-Commerce applications.
• Create new tax codes and scales as required.
• Scalable as your business grows and diversifies.
• Tax Exemption Certificate Management.
• Comprehensive Sales Tax reports.

Managing sales tax receipts, exemptions and collection manually is time consuming. Businesses that ship to customers on anything approaching a regular basis should consider putting some tax automation software in place.