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DAVO customers: Avalara is updating the funding liability bank account on August 1, 2021

What is happening

Effective August 1, 2021, DAVO by Avalara will change the bank account owners from DAVO to Avalara Client Trust (a Delaware statutory trust), a subsidiary of Avalara, Inc. 

When accounts are migrated to Avalara Client Trust, the account type, number, and financial institution holding the account will all stay the same.  The only change is that Avalara Client Trust will become the account owner.

Based on how you transmit funds for your tax obligations, see below for the action you need to take.

What you need to do

Based on how you transmit funds for your tax obligations, see below for the action you need to take.

Tax obligations funded via wire transfer

When the account holder is changed to Avalara Client Trust, the account type, number, and financial institution holding the account will all stay the same.  

Because your business currently funds tax obligations via wire, you will need to notify your institution of the new account holder on August 1, 2021. This will ensure funds wired to Avalara are not rejected and Avalara can continue to fulfill tax remittances on your behalf.

NOTE: If Avalara is unable to file or pay your tax obligation in a timely manner due to rejection of wire funds, you may receive a tax notice with penalties and interest assessed.

Tax obligations funded via ACH

When the account holder is changed to Avalara Client Trust, the account type, number, and financial institution holding the account will all stay the same.  

FAQs for DAVO customers

Q: Up until August 1, what can I expect?
A: Before August 1, funds will be pulled using the name DAVO Technologies LLC. After August 1, funds will be pulled using the name DAVO by Avalara.

Q: Will this impact how I pay my service fees?
A: No. This change will impact the bank accounts used to transmit funds for your tax obligations. No changes are being made to the bank account where you send your service fees.

Q: How can I obtain a new W-9?
A: To obtain an updated W-9, download a copy or contact customer support for assistance. 

 

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