Sales and use tax management can be complicated if you try to calculate numbers and make reports manually. According to Washington Post, more than 80% of America’s corporate tax payers use a software service or tax management tools to fill and submit their forms, and the ones that save the most money and time doing so are the ones with simple tax returns.

In Nummuspay, taxes are applied whenever an invoice is generated for either a subscription, renewal or a one-time charge. Country specific taxes configuration provided as part of the tax settings. Nummuspay allows you to generate tax reports, as well. Tax report contains the taxable amount and the tax as aligned with the filters you’ve set in your settings. In addition, Nummuspay separates sales tax from total revenue, saving you valuable time for your business.

Do you have difficulties to export your sales report to MOSS Scheme? Nummuspay provides you with the proper tools to export your reports to Moss Scheme. For those who don’t know what is Moss, Moss is a new program developed in conjunction with the new EU VAT rules. If any of your products come in digital form and could be purchased by someone in the EU, then you might need to register for VAT MOSS.

In Nummuspay you can find some useful tools if you target on EU customers. Nummuspay provides auto-verification for each EU costumer who add his/her tax registration number in register page. Besides that, Nummuspay verifies B2B EU Customers VAT and automatically deducts tax from catalog price for nontaxable regions.

Sales and use tax compliance is a very real concern for any small business serious about growth and long-term success. Remember, knowledge is power. Don’t lose your opportunity to take advantage of Nummuspay’s tax management tools.