Avalara has contacted clients to inform them it will be “retiring” its insurance tax compliance services and software solutions to “focus on its core tax and compliance products and services”.
The firm, which also provides tax and software services to the retail, manufacturing and energy sectors, among others, has been working with direct writing captives and commercial insurers.
In a letter sent to clients on 24 July, and shared with Captive Intelligence, Avalara said it was retiring the following products: AvaTax for Insurance, Managed Returns for Insurance, Fiscal Rep for Insurance, and Avalara Tax Research for Insurance.
“Avalara is no longer renewing contracts for the products listed above. Existing contracts will be terminated by 31 January 2024,” the firm said in its letter co clients.
“We encourage you to explore and adopt new insurance tax compliance services.”
There are several players that offer tax compliance and software solutions to captives, particularly direct writing captives, including TMF Group and the big four firms.