Actabl partners with Avalara for tax reporting, data management

Actabl has formed a partnership with  Avalara, a provider of cloud-based tax compliance automation for businesses, to drive efficiency and cost savings within the hospitality industry through tax reporting and data management.

The partnership between Avalara and Actabl consolidates revenue and tax data from various business systems, streamlining tax compliance processes through automation. In the hotel industry, daily tax-related activities involve handling data from various sources, making it a labor-intensive and error-prone process. Automation can help save money and address the labor shortage. Hotel management companies can leverage ProfitSword's data consolidation and send it to Avalara, automating their tax compliance and reconciliation processes.

The integration allows hotel businesses to compile data, automate tax return preparation and file returns using monthly transactional data. This groundbreaking partnership introduces technological innovations that streamline tax compliance, freeing up valuable time and resources for hoteliers.

“Automating compliance has taken a load off my shoulders each month. I’m confident that property registrations are being completed properly and monthly reporting is prepared accurately and filed on time,” Valor Hospitality Partners Regional Controller Trisha Campbell said in a statement. “The Avalara team has been so helpful in setting up our tax profile and has improved our business processes. The integration with ProfitSword further streamlines the process by automating the flow of transactional data for recalculation and reporting by Avalara. The reconciliation has enabled us to make upstream adjustments for an increased level of compliance and reduced audit risk. With ongoing staffing issues, automation lets us effectively utilize existing personnel. Between the finance team and the on-property accountants, we’re saving about five to six days per month across our hotel portfolio, reducing risk and setting us up for scale without adding headcount. I’d recommend Avalara with ProfitSword by Actabl to hotel management companies looking to streamline their compliance.” 

"Tax compliance is one of the most onerous factors impacting hotel management groups and their ability to operate and scale efficiently," said Avalara General Manager of Lodging Oliver Hoare. "Avalara’s partnership with Actabl allows hotel management groups to divert their aggregated data via ProfitSword to Avalara. It’s a win, win, win—an enhanced feature for Actabl, increased speed to market for Avalara and it gives ProfitSword customers a vastly simplified route to automation."

Navigating the complex world of hotel industry tax compliance involves dealing with manual tasks prone to errors and audit risks. Tasks such as calculating tax rates and filing accurate returns demand meticulous attention, and any misstep can result in compliance issues, financial consequences, and intensive audits.

By integrating with Avalara for Hospitality, hotel businesses can access accurate real-time tax calculations, regularly updated tax content repositories, and comprehensive visibility into overall compliance through advanced reporting tools. Tax returns preparation, filing and remittance processes are automated using Avalara, reducing the risk of audits, effectively managing tax-related jurisdictional notices and providing a centralized online portal for seamless compliance management with heightened transparency.

As part of Actabl's strategic vision for 2024, the partnership with Avalara aligns to expand offerings to current customers.