{"id":11620,"date":"2023-03-10T00:24:59","date_gmt":"2023-03-10T00:24:59","guid":{"rendered":"https:\/\/taxops.com\/?p=11620"},"modified":"2023-03-11T00:34:24","modified_gmt":"2023-03-11T00:34:24","slug":"silicon-valley-bank-users-make-sales-tax-bank-information-changes-now","status":"publish","type":"post","link":"https:\/\/taxops.com\/silicon-valley-bank-users-make-sales-tax-bank-information-changes-now\/","title":{"rendered":"Silicon Valley Bank Users: Make Sales Tax Bank Information Changes Now"},"content":{"rendered":"\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-1024x536.png\" alt=\"\" class=\"wp-image-11631 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-1024x536.png\" alt=\"\" class=\"wp-image-11631 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<div style=\"height:57px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">As we\u2019re sure you\u2019ve seen by now, Silicon Valley Bank (SVB) has collapsed after failing to raise capital. This is creating a massive mess for businesses holding SVB accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For those dealing with the mess, sales tax might be the last thing on your mind. However, if you use a 3rd party sales tax automation solution such as Sovos, Avalara, or Vertex, bank information must be updated in the system. Most states\u2019 sales tax returns are due within the next 10 days, and the 3<sup>rd<\/sup> party sales tax providers are likely locking down those filings and preparing to start submissions to the states.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contact your tax advisor or sales tax automation customer representative for assistance.&nbsp;<\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Let&#8217;s Talk Tax<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"more-tax-news\">More Tax News<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe to Tax News<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As we\u2019re sure you\u2019ve seen by now, Silicon Valley Bank (SVB) has collapsed after failing to raise capital. This is creating a massive mess for businesses holding SVB accounts. For those dealing with the mess, sales tax might be the last thing on your mind. However, if you use a 3rd party sales tax automation [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[228,229,226],"tags":[252,284,126,45,265,36,41,18,19,30,101,80],"class_list":["post-11620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-tax","category-state-and-local","category-tax-news","tag-accountant","tag-cfo","tag-cpa","tag-credit","tag-finance-professional","tag-income-tax","tag-nexus","tag-sales-and-use-tax","tag-sales-tax","tag-state-and-local-tax","tag-state-tax","tag-tax-provider"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2023\/03\/silicon-valley-bank-failure-1.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=11620"}],"version-history":[{"count":7,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11620\/revisions"}],"predecessor-version":[{"id":11632,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/11620\/revisions\/11632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/11631"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=11620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=11620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=11620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}