WHAT IS SALES TAX? Sales Tax is a tax on goods and services collected by merchants from their customers. If you are a merchant and you sell things, you are required by law to collect sales tax. This is a general description with many exceptions and rules around the taxability of goods and services from state to state.
Merchants who use sales tax as working capital rarely take time to understand the true cost and potentially catastrophic legal pitfalls until it’s too late. You may be wondering, why isn’t it OK to use sales tax to operate the business until it’s time to remit that money to the state?
DAVO Technologies, the fastest growing provider of daily sales tax cash management automation has successfully closed a venture round of strategic investment led by Anania & Associates Investment Company.
Former restaurateur and current tech company cofounder David Joseph took the adage, “Be the change you want to see in the world,” to its furthest conclusion. The owner of a celebrated restaurant in Montclair, New Jersey that enjoyed an 18-year run before he sold it, Joseph is no stranger to the stress of staying on top of the outflow of cash from a restaurant.
Small business tools company DAVO launched two new apps to help small-to-medium-sized businesses (SMBs) with their cash management needs. DAVO Sweep & Save and DAVO Savings Club are the two new apps available to SMBs today.
DAVO Technologies, developers of DAVO Sales Tax, the only automated sales tax cash management solution for small to mid- sized businesses has integrated with Square, a leading provider of payment and point of sale (POS) solutions to SMBs.
DAVO Sales Tax, by DAVO Technologies, the only integrated and automated sales tax cash management solution targeted to small and medium sized businesses has partnered with Poynt, the creator of the Poynt Smart Terminal.