Avalara announced they have entered into an agreement with private equity firm Vista Equity for a $8.4 billion buyout which, upon shareholder approval, would result in Avalara becoming a privately held company.
The company offers an array of tax compliance services with the flagship offering – AVATAX – being a sales tax compliance integration to numerous ERP systems – including Sage 100.
AVATAX integrates into Sage 100 and completely eliminates the need for creating separate sales tax schedules for the areas which your company transacts business.
Instead of creating separate sales tax schedules, with Avalara AVATAX you generally use one schedule – AVATAX – which takes over the computation of sales tax based on taxability and local tax regulations.
Companies frequently use Avalara AVATAX to manage sales into locations where they have nexus and where the state tax laws may be more complex. Avalara also offers an option where they will file the sales tax return on your company’s behalf.
More information on the sale to Vista Equity – Avalara to be Acquired by Vista Equity Partners for $8.4 Billion.
More information on AVATAX is available here or consult your Sage partner.