Poshmark announces Posh Remit

Poshmark, a social commerce platform has announced Posh Remit, an innovative, hassle-free service that calculates, collects and submits state and local sales tax on all eligible orders from shoppers across the country on behalf of its sellers. Beginning in April, Posh Remit will simplify the process for Poshmark's community of five million Seller Stylists, alleviating the time-intensive burden of collecting and submitting state and local sales tax. Once implemented across the U.S. in every state where sales tax is imposed, Posh Remit will be one of the first country-wide tax collection and remittance services on a social marketplace.