Avalara Launches Bitcoin Module for Tax Compliance Engine
Avalara has today added a bitcoin module to its AvaTax compliance engine. The company is one of the leading providers of cloud-based compliance solutions focused on sales tax and other transactional taxes. The first and only service provider to offer bitcoin functionality in a tax compliance platform, Avalara hopes the addition of bitcoin support will allow retailers, digital currency processors and wallet services to calculate sales tax and value added tax (VAT) in real-time. History of sticky compliance issues. Avalara senior director Webb Stevens said the company has a history of....
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Avalara, Inc., a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, announced today it has enabled the bitcoin module for its AvaTax™ compliance engine. Avalara is believed to be the first and only service provider to support the calculation and accounting of sales tax for bitcoin transactions, allowing retailers, digital wallets, and other digital currency processors to calculate sales tax and VAT tax for bitcoin transactions in real-time. “Avalara has a history of researching and addressing....
Alavara, a Seattle, Wash.-based provider of tax compliance automation for businesses that has already embraced bitcoin in its tax compliance engine, announced plans to explore blockchain technology during its conference in New Orleans Wednesday, according to Accounting Today. Peter Horadan, executive vice president of engineering, compared blockchain to cell phones. He said it can be adapted to the work everyone does. Horadan said Nasdaq has started to trade securities using blockchain technology. He said the blockchain can track asset ownership in a shared ledger, displaying whenever a....
Avalara, the well-known taxation management, and automation software company is working on implementing blockchain technology into its solutions. How can we use the Blockchain technology to calculate and manage taxes for our customers? Avalara, the well-known taxation management, and automation software company is thinking along these lines. Like many other sectors, the taxation and compliance sections of businesses can take advantage of the blockchain technology to not only maintain proper records but also for real-time execution and automation of the whole process flow. These features....
The international payments processor PayPal has filed a patent application with the United States Patent and Trademark Office (USPTO) for a payment device that will be able to process cryptocurrencies including Bitcoin, Litecoin, and Dogecoin. Multi-funding source support. All in all, the device will support credit cards, PayPal accounts, and cryptocurrency wallets, with Bitcoin, Litecoin, and Dogecoin already confirmed. The patent application for the physical device was made on May 26th. According to Softpedia: “The device is made up of two main modules, a payment module engine and a....
After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as Google (Nasdaq: GOOGL), revealed the firm’s newly launched Google Cloud Blockchain Node Engine on Thursday. The reason Google decided to release the engine is because it believes....