Sovos Sales Tax Calculation & Filing

Sovos Sales Tax Calculation & Filing
M2

TOTAL:
$0.00
Compatible With: Community 2.2 Enterprise 2.2

Tech Specifications

Current Version:
8.5.1
Type:
Stable Build
Updated:
19 April, 2018
Categories:
Extensions, Accounting & Finance, Taxes
License Type:

Overview

Sovos for Magento 2 provides rooftop-accurate tax rates in real time while automating sales and use tax filing in every U.S. tax jurisdiction.

Overview

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The Sovos extension for Magento 2 provides rooftop-accurate tax rates in real time while automating sales and use tax filing in every U.S. tax jurisdiction. The extension automatically populates sales tax on orders within the Magento shopping cart based on item and shipping location.

Users of the extension are able to select the services they need to address the unique compliance needs of their business:

  • Sovos Global Tax Determination - Enterprise-grade sales tax determination. Built to process complex transactions, manage exemptions, and file returns with enterprise reporting and analytics for advanced audit defense.
  • Taxify by Sovos - Sales tax determination and filing for eCommerce-focused businesses. A powerful platform to seamlessly integrate transactional data across eCommerce platforms and manage the automated filing process from one simple dashboard.

Part of the Intelligent Compliance Cloud, the Sovos extension offers cloud-based flexibility, data security and transaction performance on a single platform with a dedicated support team to meet the demands of today’s online or multichannel sellers of all sizes.

Note:

  • A separate account is required to use Sovos services. You will need a unique account to access either Sovos Global Tax Determination or Taxify by Sovos.
  • Accounts are not created during the installation process. To get started, please reach out to a Sovos representative here.
  • Additional fees apply for each service. Please reach out to a Sovos representative here or view pricing for Taxify by Sovos here.

Extension Features

In-Cart Sales Tax Calculation

  • Improve Accuracy: The Sovos extension lets you perform real-time sales tax calculations on more than 9,000 product codes, covering sales and use tax for virtually all transaction types – manufacturing, retail, car rental, food service and many more. Easily manage compliance for the most complex states, product types and scenarios, including variables like caps, thresholds, coupons and refunds, bracket taxing, rental taxes, tax holidays, urban enterprise zones, drop shipments and more.

  • Streamline Manual Processes: Automate tax with a constantly updated cloud platform, eliminating the need for manage in-house software, deal with out-of-date rate tables or struggle through data extracts. Improve the accuracy of your regulatory filings, eliminate audit risk and grow with confidence knowing you already have the compliance capabilities you need as you expand.

  • Put Our Tax Experts to Work for Your Business: Rely on our team of more than 50 tax experts, who analyze over 15,000 global jurisdictions in 185+ countries, so you can focus on your business. Take advantage of Sovos’ dedicated service and support team with free training available to help you get the most out of your determination and filing software.

Sales Tax Return Filing

  • Improve Accuracy and Bolster Audit Defense: Sovos’ forms library and automated filing capabilities are always up-to-date to meet each jurisdiction’s requirements. The system highlights missing data based on nexus configuration so you can file with confidence, knowing your technology is backed by Sovos regulatory analysis experts. Minimize manual form completion and file electronically in all available jurisdictions for both EDI and SST (SERs). Sovos is certified by the Streamlined Sales Tax (SST) Governing Board.

  • Simplify Data Management: The Sovos extension pulls your data directly from Magento, populating the proper forms with the correct data and submitting to regulatory authorities in the proper formats to eliminate errors, rework and audit flags.

  • Reduce Workload and Eliminate Human Error: Proactively plan your filing and remittance tasks with our tools to streamline data management and ensure on-time and accurate remittance. Never miss a deadline and capture all of the early filing discounts you are entitled to. Streamline notice resolution with a full audit trail and reporting to gain data visibility into payment and filing history.

Product Details

One Extension, Two Services

Sovos offers solutions tailored to meet your specific needs. If you have a large business with complex tax determination and filing requirements, our enterprise-level solution provides comprehensive coverage for all transaction types. If you have a small-to-medium-sized business and need up-to-date rates and worry-free filing, Sovos has automated data aggregation and filing capabilities. Reach out to a Sovos sales rep here and we can provide a free consultation on which solutions are best for your business.

Enterprise Solution

Sovos integrates with Magento 2 to provide tax determination and filing solutions. We process complicated transactions, manage exemptions and filing with enterprise reporting and analytics for advanced audit defense.

Pricing: To get started with our enterprise solution contact one of our Enterprise Account Executives. Start here.

eCommerce Solution

Taxify by Sovos is the fastest way to comprehensive compliance for small-to-medium-sized Magento sellers. In seconds, you can enable Taxify by Sovos to automatically calculate sales tax on every transaction. All calculations are built in to your monthly fee.

File in all states and local jurisdictions: Taxify by Sovos makes filing your sales tax returns a breeze. All of your transactional data is automatically imported directly into Taxify. Our AutoFile team then takes this data and completes tax returns for every jurisdictional body in the U.S. including local jurisdictions. We submit the payment to each jurisdictional body on your behalf, letting you keep any early filing discounts in the process.

Pricing: To get started with our small to medium business solution, check out our pricing page here. You can sign up for a free trial here to test out the Magento 2 extension for up to 30 days.

 

The Sovos Advantage

Rooftop-Level Accuracy

With either solution, you get 35 years of compliance leadership and flexible product taxability. Our rates are accurate down to the rooftop (zip+4) level.

Backed by World-Class Regulatory Analysis

When it comes to sales tax, you’re in good hands. Sovos has over 50 tax experts constantly monitoring rate changes and updates and delivering changes across thousands of jurisdictions and product types in real time.

SST Certified

Streamlined Sales Tax. It’s as good as it sounds.

Service, Support and Free Training

Our dedicated service and support team with free training available to help you get the most out of your determination and filing software.

Enterprise-Grade Security, Performance, and Scalability

The Intelligent Compliance Cloud offers best-in-class data security and keeps businesses ahead of regulatory change, safeguarding them from risk.

 

About Us

Sovos is a global leader in tax compliance and business-to-government reporting software, safeguarding businesses from the burden and risk of compliance around the world. As governments go digital, businesses face increased risk and complexity. The Sovos Intelligent Compliance Cloud combines world-class regulatory analysis with a global cloud software platform to create an adaptable, connected and global compliance solution that keeps businesses ahead of the ever-changing regulatory environment. Sovos supports 4,500 companies, including half of the Fortune 500, and integrates with a wide variety of business applications. Based in Boston, Sovos has offices throughout North America, Latin America and Europe. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.

The Sovos Intelligent Compliance Cloud also supports business-to-government reporting across the globe, from Latin America to Spain, supporting eLedger, eAccounting, eInvoicing, eReceipts, 1099, Insurance Premium Tax (IPT) and ACA reporting requirements.

 

Release Notes

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8.5.1:

  • Compatible with CE: 2.2
  • Compatible with EE: 2.2
  • Stability: Stable Build
  • Description:

    Initial release notes

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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