TaxCloud

From WikiAlpha
Jump to: navigation, search
TaxCloud Ponishare-verified.png

Logo of TaxCloud
Founded 2010
Type Sales Tax Software
Location Norwalk, CT
Services Online sales tax, Streamlined sales tax, sales tax, multichannel sales tax, sales tax calculation, sales tax compliance, sales tax collection, ecommerce, marketplace, and retail
Website https://www.taxcloud.com


TaxCloud is a revolutionary internet-based sales tax compliance service that has redefined the way retailers handle the complexities of sales tax regulations across the United States. What sets TaxCloud apart is not just its user-friendliness but the fact that it is free for retailers. This unique business model is made possible because TaxCloud is paid by the states as a Certified Service Provider to numerous state Revenue Departments. Here, we will delve into the features and advantages of TaxCloud, its mission, and its plans for the future.[1][2][3]


Features and Benefits

  • State-of-the-Art Automation: TaxCloud has harnessed the power of technology to simplify sales tax management. It automatically tracks and differentiates how items are taxed across all U.S. states, which is a challenging feat considering the intricacies of state tax laws.[4]
  • Sales Tax Holidays: TaxCloud recognizes sales tax holidays, ensuring that retailers do not overcharge customers during these special occasions.
  • Seamless Integration: This service easily integrates with various shopping carts and ordering systems, making it accessible and adaptable for online retailers of all sizes.
  • Instant Tax Calculations: TaxCloud enables online retailers to instantly calculate, collect, and remit sales tax, removing the burden of manual calculations and ensuring compliance.
  • No Cost for Retailers: One of the most remarkable aspects of TaxCloud is that it is entirely free for retailers. This cost-free model empowers even the smallest businesses to manage sales tax in one state or all states with ease.
  • Certified by States: TaxCloud has already been certified by numerous state Revenue Departments. This certification significantly reduces compliance risks for retailers, offering indemnification, limitation of liability, and audit relief.
  • Scalability: TaxCloud is designed to scale with businesses, seamlessly handling current obligations while also accommodating any additional obligations that may arise in the future.

Trusted by Thousands

TaxCloud's impact is evident through the trust of more than 26,000 online retailers who rely on the service daily, with more businesses joining this community regularly. The simple mission behind TaxCloud is that no retailer should have to pay to comply with sales tax obligations. Many jurisdictions eagerly support this initiative as they want their sales taxes to be collected correctly and remitted promptly.[5]

By shifting the compliance efforts back onto the states, TaxCloud has transformed the tax technology marketplace, making sales tax compliance easy, and even free, for retailers of all sizes. This innovative approach is a game-changer, enabling retailers to focus on their core operations while leaving the complexities of sales tax management to a trusted partner.[6]


A Vision for the Future

Having successfully demonstrated the viability of this model in the United States, TaxCloud is now setting its sights on expanding its operations to non-U.S. jurisdictions. This ambitious move aims to replicate the success achieved within the U.S. in other regions, simplifying sales tax compliance for businesses on a global scale.[7]

In summary, TaxCloud has not only simplified sales tax compliance but also turned it into a cost-free service for retailers. With thousands of retailers already benefiting from this platform, TaxCloud's unique approach is transforming the sales tax landscape. As it continues to grow and expand its footprint, TaxCloud is making a profound impact on the world of sales tax compliance.[8]

External Links

LinkedIn

Facebook

Twitter

Instagram

References

  1. https://fintech.global/2023/04/26/sales-tax-compliance-platform-taxcloud-nets-20m/
  2. https://www.trustpilot.com/review/taxcloud.com
  3. https://www.crunchbase.com/organization/fedtax
  4. https://www.cbinsights.com/research/anrok-competitors-avalara-davo-technologies-taxcloud-taxware-vertex/?utm_source=dlvr.it&utm_medium=twitter
  5. https://www.wsj.com/articles/states-seek-new-ways-to-tax-online-sales-1456262265
  6. https://www.businesswire.com/news/home/20190401005769/en/TaxCloud-Launches-National-Awareness-Campaign-SiriusXM-Radio
  7. https://www.washingtonpost.com/business/on-small-business/online-sales-tax-is-back--and-this-time-it-might-actually-have-a-shot-at-passing/2014/07/17/ed056016-0dd0-11e4-8c9a-923ecc0c7d23_story.html
  8. https://www.seattletimes.com/opinion/guest-tax-online-and-in-store-sales-equally-with-marketplace-fairness-act/