Sovos has introduced a brand new partnership with Shopify geared toward easing the burden of gross sales tax compliance for on-line retailers. The collaboration introduces Shopify Tax automated submitting, a characteristic that automates the preparation, submitting, and remittance of gross sales tax returns for eligible U.S. retailers utilizing Shopify Tax.
The partnership integrates Sovos’ Gross sales and Use Tax (SUT) Submitting resolution straight into Shopify’s platform, offering retailers with a streamlined methodology for managing their tax tasks. This automation is designed to considerably reduce down on the time spent on handbook tax preparation and cut back the danger of expensive audit errors.
“Gross sales tax guidelines and legal guidelines are continuously evolving and left unchecked, can create severe and costly issues for companies down the street,” stated Sovos CEO Kevin Akeroyd. “Shopify, via its partnership with Sovos, will tremendously cut back the burden on sellers and permit them to concentrate on delivering for his or her clients.”
With compliance changing into extra complicated throughout state and native jurisdictions, Sovos and Shopify’s collaboration provides a well timed resolution to assist small and medium-sized companies preserve compliance with out overextending their inside assets.
The brand new characteristic is now accessible to eligible Shopify retailers within the U.S.
