Techdogs-"Avalara MyLodgeTax Pro Simplifies Tax Compliance for Short-Term Rental Property Managers"

Financial Technology

Avalara MyLodgeTax Pro Simplifies Tax Compliance for Short-Term Rental Property Managers

By Business Wire

Business Wire
Overall Rating

Avalara-MyLodge-Banner.jpg
SEATTLE--(BUSINESS WIRE)--Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced the launch of Avalara MyLodgeTax Pro, a SaaS solution that helps managers of multiple short-term rental properties increase efficiency and ensure compliance through automation. The new offering from Avalara streamlines the calculation of occupancy and sales and use taxes, completes and maintains tax-related lodging registrations/permits for clients, and automates end-to-end tax returns and remittance to applicable jurisdictions.

Growing your business requires streamlined compliance

MyLodgeTax Pro is designed specifically for professional property managers with 5–40,000 properties, who must navigate complex regulations to help mitigate compliance risk for their clients. As online marketplaces assume more responsibility for the remittance of certain taxes, MyLodgeTax Pro helps account for these agreements, reducing the risk of overpayment (or underpayment) of lodging taxes. The system eases headaches for property managers by improving efficiencies in managing client compliance obligations and allowing managers to focus less on compliance and more on revenue-driving activities.

Also Read: All You Need To Know About Financial Intelligence Software

“Property managers represent a large, growing segment of our customer base, in step with the increasing professionalism of the short-term rental industry,” said Oliver Hoare, general manager of Lodging at Avalara. “MyLodgeTax Pro is expressly designed for professionals overseeing all aspects of multiple property rentals, and we recognize that determining the correct taxes, filing reports, remitting taxes, and overseeing the various state and local licensing requirements detracts from core business goals. MyLodgeTax Pro lets property managers focus on driving more bookings and helping owners, rather than struggling with tax compliance.”

Address compulsory short-term rental compliance obligations with Avalara

MyLodgeTax Pro can help reduce the time and resources required to achieve tax and regulatory compliance, providing the following benefits to short-term rental property managers:

  • Reduces audit risk exposure and noncompliance through up-to-date tax content
  • Provides registration with state and local tax agencies based on property information provided
  • Determines lodging tax rates based on the property’s address
  • Helps prepare, file, and pay lodging taxes when due
  • Facilitates comprehensive reporting to support internal or external audit requirements
  • Provides support for tax agency correspondence and notifications management
  • Includes ongoing support from industry experts for easy setup

For additional information on Avalara MyLodgeTax Pro, click here.

About Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Brazil, Europe, and India. More information at avalara.com.


Contacts

Media Contact
Brian Austin
brian.austin@avalara.com
707-799-9838

Investor Contact
Jennifer Gianola
jennifer.gianola@avalara.com
650-499-9837

Like what you read? Head to the TechDogs homepage to find the latest tech content infused with drama and entertainment. We've got ArticlesWhite PapersCase StudiesReportsVideos and Events - the complete lot to help you Know Your World of Technology.

First published on Mon, May 9, 2022

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Avalara Inc. Avalara MyLodgeTax Pro Audit Risk Exposure Financial Management System Cloud-Based Compliance Solutions

References:

undefined

Join The Discussion

  • Dark
  • Light