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avalara.com

Founded Year

2004

Stage

IPO | IPO

Total Raised

$253.02M

Date of IPO

6/15/2018

Market Cap

6.22B

Stock Price

73.59

Revenue

$0000 

About Avalara

Avalara (NYSE: AVLR) helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. Avalara's platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 550 pre-built connectors into accounting, ERP, ecommerce and other business applications, making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and manages millions of tax exemption certificates and other compliance documents.

Avalara Headquarter Location

110 2nd Ave

Seattle, Washington, 98101,

United States

206-641-2560

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Research containing Avalara

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Avalara in 2 CB Insights research briefs, most recently on Mar 4, 2022.

Expert Collections containing Avalara

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Avalara is included in 5 Expert Collections, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

F

Fintech 250

248 items

S

SMB Fintech

1,499 items

C

Conference Exhibitors

5,302 items

F

Fintech

7,438 items

US-based companies

Avalara Patents

Avalara has filed 14 patents.

The 3 most popular patent topics include:

  • Data management
  • Rotating disc computer storage media
  • Supply chain management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/14/2017

5/24/2022

Groupware, Product certification, Legal documents, Legal entities, Free groupware

Grant

Application Date

3/14/2017

Grant Date

5/24/2022

Title

Related Topics

Groupware, Product certification, Legal documents, Legal entities, Free groupware

Status

Grant

Latest Avalara News

Avalara : Alaska modernizes alcohol laws, creates new DTC licenses for wineries, breweries, and distilleries

Jun 17, 2022

06/17/2022 | 02:13am EDT Message : *Required fields Today, wineries, breweries, and distilleries can ship their products directly to consumers in Alaska without a special permit. With the enactment of Senate Bill 9, manufacturers and wholesalers of beer, wine, and spirits will be subject to new layers of compliance, including the requirement to obtain a permit to ship to consumers in the Last Frontier. This has been a long time in coming. Over 100 representatives from the beverage alcohol industry, local governments, and public health and safety entities worked more than 16,000 hours over a period of nine years to revamp the licensing statute and regulations for alcohol-related businesses in Alaska and bring SB 9 to the table. It's a big bill that affects in-state sellers as well as manufacturer direct shippers. Policy changes include extending the operating hours of tasting rooms (but not the daily drink limits), regulating how often certain events could be held at tasting rooms, and allowing municipalities to petition the Alaska Alcoholic Beverage Control Board for more licenses (currently, licenses are capped based on population). According to Alaska Senator Peter Micciche, the bill's sponsor, " SB 9 updates antiquated, burdensome alcohol laws " and cuts bureaucratic red tape. This article focuses on new requirements SB 9 places on wineries, breweries, and distilleries that ship directly to consumers in Alaska. New license for out-of-state direct shippers SB 9 creates a manufacturer direct shipment license, with a biennial fee of $200. The Alcoholic Beverage Control Board (ABC) may start accepting applications and collecting fees for the new license starting September 1, 2023, but may not actually issue any direct shipping licenses until January 1, 2024, when the SB 9 takes effect. Until that time, direct shippers may continue to ship into Alaska without a license under the current rules . The new manufacturer direct shipment license authorizes the holder of a brewery retail license, winery retail license, or distillery retail license issued in another state to sell and ship their products to consumers in Alaska (for personal use only, not for resale). Any brewery, winery, or distillery found selling products to consumers in Alaska without a manufacturer direct shipment license after January 1, 2024, could be found guilty of a Class A misdemeanor. It will also be unlawful for consumers to purchase alcohol online from a seller lacking a manufacturer direct shipment license; anyone who does could be found guilty of a class A misdemeanor. There's no mention in SB 9 of a new license for out-of-state retailers shipping directly to consumers in the state, only manufacturers of beer, wine, and spirits that make DTC retail sales. New tax requirements for direct shippers In addition to the new licensing requirement, SB 9 will impose new tax obligations on direct shippers. Verify the age of consumers Before shipping an order, direct shipping licensees must verify that the person submitting the order is at least 21 years of age, "using an age verification service or otherwise." If not the purchaser, the recipient must also be 21 or older. The deliverer is required to obtain the signature of a person who is at least 21 years old upon delivery. Additionally, the shipper must label packages as containing alcohol. Warn consumers To help prevent some of the health risks associated with the consumption of alcohol, direct shipper licensees will have to "provide written or electronic information to the person submitting the order on fetal alcohol syndrome and fetal alcohol effects resulting from a woman's consumption of alcohol during pregnancy." Maintain records SB 9 requires manufacturing direct shipment licensees to keep a record of sales made in Alaska for at least two years. These records must be made available for inspection and audit upon request by the Alaska Department of Revenue. Use approved common carriers Direct shipper licensees are prohibited from using a common carrier not approved by the ABC to ship alcoholic beverages to persons in the state under AS 04.09.750(b) Respect volume limits Direct shipper licensees must abide by different volume limits: per transaction and per purchaser. They cannot sell more than the following: 1.5 liters of distilled spirits to a purchaser in one transaction, or 4.5 liters of distilled spirits to a purchaser in a calendar year 18 liters of wine to a purchaser in one transaction and 108 liters of wine to a purchaser in a calendar year 288 ounces of brewed beverages to a purchaser in one transaction, or 13.5 gallons of brewed beverages to a purchaser in a calendar year Alaska market closed to big beer and big spirits Not all manufacturers will be eligible for Alaska's new direct shipment license. Per SB 9, the ABC will not issue a license to any manufacturer that annually produces: More than 300,000 barrels in total of brewed beverages More than 50,000 proof gallons in total of distilled spirits There's no capacity cap for wine. Alaska is not the first state to introduce legislation with capacity caps for spirits manufacturers. A new California legislation (Senate Bill 620) would extend direct shipping privileges to distilleries that produce no more than 150,000 gallons of distilled spirits per fiscal year. Distillers whose production exceeds the 150,000-gallon cap would be prohibited from shipping directly to consumers in California. Alaska's production cap is even smaller than California's proposed level, meaning only the smallest producers will be authorized to ship into the Last Frontier. New statewide database The measure also requires the ABC to create and maintain a statewide database cataloging the alcohol purchased by, and shipped to, persons residing in the state, including areas where the sale of alcoholic beverages has been restricted. The ABC will report the total volume of alcohol received in each municipality or established village each year. For privacy purposes, all personally identifiable information will be "purged" after a year, unless needed for criminal investigation or prosecution. All other information must be kept for 10 years after entry, at which point it too is to be "purged." That said, the information is confidential and can only be shared with certain individuals (e.g., a law enforcement officer) or entities (e.g., the board). This could be costly. A fiscal analysis of the bill notes that "the aged alcohol licensing database needs to be replaced with licensing workflow/database software to comply with data collection, research, new endorsements, and reporting requirements." New add-on to in-state package store license SB 9 also creates a shipping endorsement for in-state package store licensees. A package store shipping endorsement authorizes the holder of a package store license to make direct shipments of alcoholic beverages to Alaska residents. The fee for the package store endorsement license is the same as the fee for out-of-state direct shippers: $200 every two years. As with out-of-state direct shippers, in-state package stores may not ship to dry areas. Need help keeping up with changing requirements? It can be difficult for alcohol manufacturers to keep up with changing requirements, such as the new licensing and tax obligations that will take effect in Alaska under SB 9. Avalara for Beverage Alcohol can help. Attachments

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  • When was Avalara founded?

    Avalara was founded in 2004.

  • Where is Avalara's headquarters?

    Avalara's headquarters is located at 110 2nd Ave, Seattle.

  • What is Avalara's latest funding round?

    Avalara's latest funding round is IPO.

  • How much did Avalara raise?

    Avalara raised a total of $253.02M.

  • Who are the investors of Avalara?

    Investors of Avalara include Sageview Capital, Warburg Pincus, Technology Crossover Ventures, Benaroya Capital, Battery Ventures and 6 more.

  • Who are Avalara's competitors?

    Competitors of Avalara include Anrok and 8 more.

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