If you are a brick and mortar business and you sell things, chances are you have to collect and pay sales tax. DAVO can do it for you.
If you ever paid your sales tax late and paid a penalty or worry about having enough money to pay your sales tax you should be using DAVO. DAVO is like an insurance policy against ever missing a sales tax payment. We GUARANTEE your sales tax will be filed and paid on-time and in-full. Does your bookkeeper give you that guarantee?
DAVO uses sales data from your POS to determine the exact amount of sales tax you collect every day. DAVO transfers the sales tax you collect from your bank account to DAVO’s tax holding account daily. This ensures sales tax is always set aside. When your sales tax is due, DAVO files and pays it for you.
DAVO transfers sales tax revenue from your bank account to DAVO’s secure tax holding account. This account is bonded and insured. Once we file your sales tax return, your sales tax funds are paid directly to the State, on-time and in-full.
When you set-up your POS and enter the items you will sell, you assign either a tax rate or no tax to each item (taxable or non-taxable). Your POS determines the amount of sales tax on each sale and DAVO uses that data to know exactly how much sales tax to set aside.
No. DAVO collects sales tax on total sales including cash, credit, debit, gift card, check, etc.
No. We do not know tax rates and we do not recommend searching for them online. The best way to determine your tax rate is to get it from your State Department of Revenue. Here is a list of phone numbers/websites for every state.
Refunds are calculated in the POS and refunded sales tax is subtracted from your total daily sales tax collected.
Orders from 3rd Party apps should be entered into your POS as they are received. Read more about how to manage 3rd party apps HERE. (Hyperlink to article on managing 3rd party apps)
Currently, DAVO is available on Clover, Square, Poynt, Revel, Breadcrumb, and Quickbooks Online. If your POS has the ability to dump your sales data into QBO daily, you may be able to use DAVO. Please contact DAVO directly for further questions.
No. DAVO is not intended for e-commerce and does not lookup sales tax rates or file in multiple jurisdictions/states for a single business.
DAVO can collect set aside your sales tax funds daily, but we cannot file for you because we do not know what tax jurisdictions your truck is moving between. You would be responsible for changing the tax rate in your POS every time you change location. DAVO would know how much sales tax you collected, but not where you collected it. We would refund the sales tax money we collect to you each month and you would have to file and pay the state.
No. There is no federal sales tax, only state sales tax. You may be confusing sales tax with payroll taxes.
No. DAVO is not an accounting firm. We work with sales data from your POS to collect, file and pay sales tax for current tax filing periods.
Yes. The DAVO Sweep & Save app can put aside a dollar amount or additional percentage of your daily sales every day for back sales tax owed. A member of our support team can help you with this.