Products and services can be classified by taxability by Avalara Managed Tax Classification. The sales tax software company recently introduced the software package generates classifications for both state and local taxability determinations.Machine learning is utilized to provide up-to-date classifications.
The new product, “helps mitigate over- and undercharging tax, while leaving room to apply special considerations, like SNAP and WIC eligibility,” Avalara said in its announcement. “Our deep product content database assists AI and machine learning algorithms and search functions to easily identify and classify products.”
