If you’re a retail business owner, there’s a good chance you’re familiar with the headaches brought about by sales and use tax. Byzantine and (for many) bewildering, sales and use tax is constantly changing. And business owners who get it wrong can pay a heavy price.
Fortunately, one company—Exactor, has done an exceptional job of taking the hassle out of sales and use tax compliance. That’s why Intuit this week signed an agreement to acquire Exactor—a move that will strengthen the power of the QuickBooks ecosystem and deliver complete confidence for small business customers.
Exactor is to sales tax compliance what service providers like ADP and Paychex are to payroll tax compliance. The company provides a next-generation, cloud-based SaaS solution that enables retailers of any size to fully automate the end-to-end process of managing sales and use tax, while providing customers with an awesome filing and payment experience. Integrating this capability into QuickBooks Online will enable retail customers to easily and accurately track and file their sales tax returns.
With this acquisition, we’re even better equipped to power prosperity around the world.