Tech news: Xero opens submissions for inaugural Beautiful Business Fund

Tax and compliance solutions company Sovos announced a collaboration agreement with professional services firm KPMG in Canada, an extension of Sovos’ strategic alliance with KPMG in the U.S., established last year. Collaboration with KPMG in Canada will provide Sovos clients with access to a comprehensive suite of tax compliance solutions, including tax determination, reporting and exemption certificate management. Additionally, KPMG in Canada will leverage Sovos’ tax technology and provide its clients with enhanced tax compliance services, including automated content supporting the combination of GST/HST/QST/PST rates and rules applying across Canada as well as VAT coverage across the world; consolidated data for tax calculation within a single system and leveraging certified adapters for Oracle and other ERP, ecommerce and purchasing systems. … Digital economy tax solutions provider TaxBit is now fully integrated with Kraken, the third-largest cryptocurrency exchange, with daily trading volume of $333 million. Kraken accounts can now be fully integrated within the TaxBit Accounting Suite. This allows tax and corporate accounting teams to aggregate data from their Kraken account, categorize and prepare data for reconciliation, sync transactions with the general ledger and reporting via API, and help remain GAAP and IFRS compliant. …  Avalara, a tax compliance solutions provider, announced that Mast General Store is leveraging its integration with retail software provider Celerant to solve for tax requirements triggered by omnichannel retail sales. Mast General Store, a family-owned retailer selling general goods and outdoor apparel, turned to Avalara AvaTax and Avalara Returns, to address economic nexus requirements in 14 states and filing tax returns for 11 states. All of Mast General Store’s website sales are processed through AvaTax, so even if it’s selling into a state where it currently doesn’t meet the economic nexus threshold, the business can forecast upcoming obligations as sales increase and potentially trigger nexus in other states. …Arvo Tech, an employment tax credit access platform, is now the exclusive employment tax credit provider for Gusto, an integrated platform that automates company payroll, benefits and HR. With the combination of Arvo and Gusto, businesses can leverage automation built into the payroll platform to access underutilized tax credits. … Katana Technologies, a provider of inventory software solutions for small and medium-sized businesses, announced its integration with Intuit QuickBooks, enabling businesses to connect their inventory and accounting operations to the cloud while tracking omnichannel order fulfillment and production in real time.