Last week, we wrote about the importance of collecting and remitting sales tax. Sales tax compliance is crucial for online sellers as it ensures adherence to varying state rules and tax regulations, which is vital for avoiding penalties and maintaining smooth operations.
So, what’s the deal with TaxCloud x Bonanza?
Bonanza, as a Marketplace Facilitator, takes on the responsibility of calculating, collecting, and remitting sales tax for transactions in specific states. To simplify this process, Bonanza has partnered with TaxCloud. This sales tax automation solution efficiently calculates the tax due based on product type, buyer’s location, and shipping origin.
How does that benefit me, as a seller?
Having TaxCloud built into your Bonanza Seller account ensures that you can focus on your business while TaxCloud and Bonanza handle the complexities of sales tax compliance.
What else does TaxCloud do?
There are a plethora of resources available to sellers on the TaxCloud site:
I have my own webstore, can I integrate TaxCloud to handle those taxes as well?
Definitely! TaxCloud isn’t just for platforms like Bonanza. TaxCloud can handle your eCommerce sales tax from other sites and carts that you are selling on!
Checkout their monthly or annual plans, here: https://taxcloud.com/taxcloud-pricing/
