3 minute read
B2B Tax Regulations: What BigCommerce Does to Comply
Understanding the tax rules for companies operating at the B2B level can be a daunting task. However, the right online shopping platform to manage these taxes often makes the difference between a business’s success and failure. BigCommerce is an established online shopping platform that provides businesses with the tools they need to ensure taxes are collected correctly and taxes are paid on time. In this article, we discuss how BigCommerce complies with B2B tax rules to help businesses stay compliant.
BigCommerce is a comprehensive eCommerce platform that helps businesses get started quickly by managing their online stores and processing payments. One of the key benefits of BigCommerce is the ability to automatically calculate and collect taxes based on the location of the business, the type of goods sold, and other tax rules in the region. BigCommerce has partnered with sales tax automation companies Avalara and Vertex to ensure taxes are correctly applied to every transaction. These partners provide access to current tax rates and take the guesswork out of tax compliance.
Additionally, BigCommerce offers detailed reports that help businesses track their sales and taxes. The platform’s dashboard shows total sales, taxes collected, and refunds granted. BigCommerce also keeps track of all tax-related information, such as invoices, customer profiles, and sales tax reports. This helps companies stay on top of all their B2B transactions and quickly access the information they need for regulatory compliance.
Finally, BigCommerce offers B2B-specific features such as collective invoicing, the ability for customers to set a budget or credit limit, and the ability to invoice customers under specific conditions. BigCommerce is committed to helping businesses comply with ever-changing tax regulations. The platform’s advanced tax automation systems and convenient reporting features give customers peace of mind that their taxes are collected and filed correctly, so they can focus on running their business.
In summary, BigCommerce provides businesses with the tools they need to comply with B2B tax regulations. The platform’s automated tax systems and useful reporting features help businesses stay organized and on track. By using BigCommerce, businesses can handle their taxes quickly and securely so they can focus on growing their business.