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    Tax Calculation Software

    Tax calculation software is technology a brand, retailer, or individual uses to assess the accrual of sales and income tax over time.

    What Is Tax Calculation Software?

    Managing taxes is one of the hardest parts of running a business. And as the business scales, it only gets harder. Tax calculation software can automate many tax-related processes and help businesses quickly evaluate the accrual of sales and income tax over time.

    While many brands use this kind of software to simply calculate the amount of sales tax they owe their particular state, others use it to assess other things like excise taxes, beverage/alcohol taxes, value-added tax, (VAT) customs taxes, and more. Some tax calculation software also gives brands access to tax forms, helps them keep pace with global rate changes, and create and export reports to help with overall financial assessment.

    Doing these things manually takes significant time, so tax calculation software can drive a high return on investment (ROI) for most brands.

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