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 instantly into Shopify’s platform, offering retailers with a streamlined technique for managing their tax tasks. This automation is designed to considerably lower down on the time spent on guide tax preparation and scale back the chance of expensive audit errors.
“Gross sales tax guidelines and legal guidelines are always evolving and left unchecked, can create severe and costly issues for companies down the highway,” mentioned Sovos CEO Kevin Akeroyd. “Shopify, via its partnership with Sovos, will enormously scale back the burden on sellers and permit them to concentrate on delivering for his or her clients.”
With compliance changing into extra advanced throughout state and native jurisdictions, Sovos and Shopify’s collaboration affords a well timed resolution to assist small and medium-sized companies preserve compliance with out overextending their inner assets.
The brand new characteristic is now accessible to eligible Shopify retailers within the U.S.
