Automation

One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.

State and local taxes are a complex web of thousands of jurisdictional rules, and it isn't Charlotte waiting at the end of the web. Instead, there are revenue hungry state and local taxing authorities who are looking for back taxes, penalties and interest.

The online sales and use tax automation provider Avalara, Inc., has acquired the entire line of Zytax energy-related tax automation solutions for U.S. and international jurisdictions. Incorporating Zytax’s products now provides retail fuel and energy companies with a single source for all their transactional tax processing needs. Avalara acquired the Zytax offering from FuelQuest, a provider of on-demand software and services for global downstream energy companies.

The new new global integration framework can give businesses more accurate and efficient process for ensuring tax policies and reports are maintained and easily accessible everywhere they do business.

Sales tax automation provider Avalara and The Leading Edge Alliance (LEA) have formed a new strategic alliance, the companies announced on Thursday.

A new partnership between Avalara and accounting firm McGladrey could help thousands of businesses better manage their sales and use tax compliance processes.

It’s the just the beginning of tax season, but most tax professionals likely already have a digital pile of client returns that are “in progress,” and will likely remain that way for weeks or months. Not because the firm hasn’t gotten to them yet, but probably because they are still waiting on clients to send them additional documents.

Horizons 2014 to Feature Tax Experts from PwC, Starbucks, Ernst & Young LLP, Intuit, Verizon Wireless, AT&T and KPMG.