Small businesses on the go want to focus on making sales – not worry or
waste time looking up local sales tax rates.
GoPayment (Photo: Business Wire)
To help with this, Intuit Inc.
(Nasdaq:INTU) today announced that its GoPayment mobile credit card
payment offering is among the first to provide geolocation-based sales
tax calculations. Using this technology, GoPayment
helps small businesses get paid confidently wherever they are by
accurately calculating taxes based on the precise location of a sale,
taking into account the city, state and municipal tax codes, as well as
special tax districts.
To help eliminate the worry and hassle of getting taxes wrong, this
sales tax geolocation feature reduces customer service issues related to
incorrect tax rates and mitigates audit risks and fines. It also makes
it easier to collect the data needed to file taxes and be compliant. The
technology is based on Avalara’s AvaTax sales tax geolocation engine.
“Our customers wanted to eliminate the worry of complying with local tax
rates,” said Chris Hylen, vice president and general manager of Intuit’s
Payment Solutions division. “This newest technology uses latitude and
longitude coordinates, instead of ZIP codes, to deliver the most
accurate calculations available – even in the most complex
jurisdictions.”
The geolocation sales tax feature is now available for GoPayment for the
iPhone, iPad and iPod touch as well as GoPayment for Android devices.
More information is available at GoPayment.com.
Resources:
-
GoPayment (http://gopayment.com/)
-
GoPayment Blog (http://Blog.gopayment.com)
-
GoPayment on Twitter (http://twitter.com/gopayment)
-
GoPayment on Facebook (http://facebook.com/IntuitGoPayment)
About Intuit Inc.
Intuit Inc. is a leading provider
of business and financial management solutions for small and mid-sized
businesses; financial institutions, including banks and credit unions;
consumers and accounting professionals. Its flagship products and
services, including QuickBooks®,
Quicken® and TurboTax®,
simplify small business management and payment
and payroll processing,
personal finance, and tax preparation and filing. ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants. Intuit
Financial Services helps banks and credit unions grow by providing
on-demand solutions and services that make it easier for consumers and
businesses to manage their money.
Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal
year 2011. The company has approximately 8,000 employees with major
offices in the United States, Canada, the United Kingdom, India and
other locations. More information can be found at www.intuit.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50289058〈en
