Use the comparison tool below to compare the top Sales Tax software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.
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Xero is a comprehensive cloud-based accounting solution that enables you to handle and compute sales tax effortlessly. It features automatic sales tax calculations for transactions, supports unlimited custom sales tax rates, and provides reports to assist in preparing your sales tax filings.
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QuickBooks Online is the most widely used accounting software in the entire world. QuickBooks Online simplifies accounting. Accounting software for small businesses that is #1 makes it easy to track receipts, income, transactions and more. You can take photos of receipts to link them with expenses. Our agents are available to answer any questions you may have about QuickBooks. Keep your business running smoothly by using the apps that you love. QuickBooks Online is compatible with PCs, Macs, tablets and phones. Click the link to get a 30-day free trial, and 50% off for your first three months. QuickBooks is more than just accounting software. QuickBooks helps you keep track of your income and expenses so that you can prepare for taxes. Customers save an average of $3,534 per year. Need more help? QuickBooks Live helps you to stay organized and ready for tax season. QuickBooks Mobile is a mobile application that helps you run your business anywhere, anytime.
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Online platform for filing Sales Tax/VAT returns. Lovat stores all sales data and files tax returns within minutes. A free trial is available, with 6 months of economic threshold tracking for the US. Tax calculation, tax due reminders and automatic filing are all possible. You can also get data storage for free with the real-time support from a tax expert team. Lovat makes it easy to do taxes as if you were in the 21st century!
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Paddle is a subscription commerce platform and billing platform for Software- and SaaS-based companies. It is more difficult than ever for customers to keep up, to find international growth opportunities, or to effectively manage your internal resources. Paddle allows you to focus on scaling your business, rather than spending time fixing internal roadblocks. Paddle offers a complete suite of tools, including optimized checkout to sell your product, recurring billing, fraud detection and manual invoicing. It also includes sales taxes, global currencies, customer service, analytics, and more.
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Vertex software allows tax determination, compliance and reporting, tax data and management, as well as document management. It also integrates with core business applications to provide powerful integrations. Vertex combines the best of technology innovation, tax process expertise, and industry partnerships to create a global indirect tax solution. This reduces audit exposure and allows tax departments to add more value to their companies.
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Corvee Tax Planning
Corvee
2 RatingsCorvee provides tax, accounting, and financial advising firms the ability to make better tax decisions for clients while optimizing their business. Corvee Tax Planning software is the company's flagship product. It provides firms with a simple but sophisticated tool to quickly calculate tax savings, create proactive tax plans, and streamline client collaboration. Corvee has received numerous honors this past year, including being named Accounting Today's Top New Product of 2021; being selected as a Finalist for the 2021 CPA Practice Advisors Technology Innovation Awards; and most recently, being included on the 2021 Inc. 5000 List of the fastest-growing companies in America. -
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Avalara offers a robust and scalable cloud-based platform designed specifically for sales automation and tax compliance needs. This comprehensive solution caters to businesses that require precise sales tax calculations while adhering to a myriad of sales tax regulations. Among its premium offerings, Avalara provides features such as VAT calculations, filing of returns, integration with POS, CRM, and CMS systems, as well as management of exemption certificates, among others. By choosing Avalara, you can simplify the management of tax compliance, enhance accuracy, and seamlessly integrate it into your existing business infrastructure with just a few easy steps. Share the ERP, e-commerce platform, or accounting software you utilize and explain your current tax management process. Embrace a solution tailored to your business requirements today, ensuring you're well-prepared for any regulatory shifts that may arise in the future. This proactive approach will not only streamline your operations but also provide peace of mind as regulations evolve.
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Digital CFO is an automated accounting software ERP that allows financial management and reporting. It is not dependent on the size or sector of the business. IDOS allows for real-time, accurate transaction processing. It also ensures that data processed is available in real time for all upstream reporting and analytics activities. Businesses of all sizes, including small and medium-sized businesses, as well as multi-national organisations with multiple branches or business segments, can use IDOS. IDOS powers two of the Big 4 Global Accounting & Audit companies, which use IDOS for accounting, financial management, and reporting services. IDOS' unique ability to assist businesses in interacting with the eco-system within which they operate is one of its greatest strengths. IDOS has a digital portal that customers, vendors, and bankers can access to transact and interact with the business in real time. For more information, please contact us.
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Intuit ProSeries Tax
Intuit
$340 per year 1 RatingQuickly and confidently prepare tax returns using software renowned for its user-friendly interface and advanced error-detection features. Discover why ProSeries has maintained its status as the top professional tax software for an extended period, with over 60,000 professionals consistently opting for it each year. Enjoy increased efficiency on every return thanks to built-in timesaving tools that enhance your workflow. By simply articulating your needs, you can swiftly locate the necessary forms or data entry sections. Save an impressive 23 minutes on each return by easily identifying fields that require data input, and promptly send email requests to clients with just a click. Have peace of mind that your returns are accurate, as the extensive diagnostic tools immediately highlight errors and guide you to the necessary corrections. Tailor a solution that aligns perfectly with your practice's needs and pay solely for the features you require. Additionally, consider our packaged bundles for substantial savings on each return you process. Take advantage of this opportunity to streamline your tax preparation process and improve your overall productivity. -
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Get your VAT compliance on autopilot. Hellotax offers VAT services such as VAT Registration and VAT Filings to help you reduce your workload. Get our free tool to help you monitor your thresholds and stay tax compliant in Europe. Just one click connect to marketplaces such as Amazon, eBay, or your own online shop. You can import your data in just seconds. You can get a VAT number anywhere and whenever you need it. The software and its tax accountants ensure the highest quality standards. The Digital Registration Process makes it easy to register for a VAT number from anywhere. You can register for a VAT number online in just a few clicks, and from your home.
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Stripe Tax
Stripe
1 RatingStripe Tax enables you to seamlessly calculate and gather sales tax, VAT, and GST using just a single line of code or a simple button click. It provides guidance on registration locations, ensures the accurate collection of taxes, and offers access to essential reports for filing returns. Online businesses must adhere to tax collection requirements in over 130 countries and nearly all US states, making compliance a daunting task as your enterprise expands. The landscape of tax regulations and rates is ever-changing and can differ significantly depending on the products sold and their locations. Neglecting these intricacies could lead to costly penalties and interest for unpaid taxes. To alleviate these concerns, we designed Stripe Tax to streamline tax compliance, allowing you to concentrate on growing your business. By integrating just one line of code or using a dashboard feature, you can collect taxes globally. Additionally, Stripe Tax keeps track of your transactions, ensuring you are informed about when and where tax registration is necessary. With this tool, managing your tax obligations becomes more efficient, enabling you to invest more time in other critical areas of your business. -
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TaxCloud
Taxcloud
$19/Month Calculate, collect, and file your sales tax with ease using TaxCloud. File with 100% accuracy across all 13,000+ US jurisdictions. Say no to manual filing and let TaxCloud automate it for you. -
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Zumzum Financials
Zumzum
$45.00/month/ user Zumzum Financials is an accounting application that's fully integrated and designed for small and medium-sized businesses. It offers all the functionality you need in one package for one price. It also has a fast and efficient implementation. Zumzum Financials is built entirely on Salesforce. It allows you to unify front and back offices, and improve customer service. All this without manual rekeying. All information is visible on the Account to all those who need it across all departments. This allows customers to quickly and efficiently answer any question. Foster collaboration, gain 360-degree views of your customer, and simplify finance processes. Install Zumzum Financials from Salesforce AppExchange to start your journey to a unified CRM/Finance system. -
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AccurateTax TaxTools
AccurateTax.com
$12 per monthTaxTools™ stands as our premier product in the realm of sales tax software, designed to streamline the complexities of sales tax for online retailers by efficiently handling addresses, tax rates, exemptions, sales tax holidays, and product-specific tax rates. The AccurateTax TaxTools software seamlessly integrates with your shopping cart, enabling effective address verification and precise sales tax calculations right at the point of checkout. Our ecommerce sales tax compliance solution is built with a singular purpose: to ensure your store can calculate the necessary sales tax during the checkout process in real-time. We provide a comprehensive approach to managing your sales tax lifecycle. Beyond our software capabilities, we also deliver services for sales tax registration along with periodic sales tax filing and payment solutions. Our system guarantees accurate sales tax rates for every location throughout the United States, utilizing advanced geolocation technology to ensure that the correct sales tax is applied to every order. This way, you can focus on your business while we take care of your sales tax needs efficiently. -
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Rhino Making Tax Digital
Rhino Software
$12 per user per monthThe App automatically computes VAT amounts based on the invoices and expenses entered for businesses utilizing the Accrual VAT Scheme. Those operating under different VAT schemes are encouraged to take advantage of the bridging feature. Currently, Rhino is working on integrating additional VAT schemes into the App to support CASH Accounting and FLAT RATE schemes, which will be part of the forthcoming major release. This App empowers customers to file their own VAT Returns efficiently. Additionally, the Rhino team is developing an AGENTS feature that will allow Accountants and Agents to submit VAT Returns on behalf of their clients, which will also be included in the next major update. To assist users, we offer video tutorials directly within the App, along with a complimentary one-on-one online training session with an expert to facilitate the setup of these features. These resources are designed to enhance user experience and ensure smooth operation. -
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DAVO by Avalara
Avalara
$39.99 per monthDAVO streamlines the entire sales tax procedure, encompassing collection, filing, and payment, all without requiring any extra effort from you. It integrates effortlessly with your POS system, allowing you to continue your usual operations without interruption. With DAVO's assurance that your taxes will be paid punctually and completely, you can rest easy without any concerns. To get started, all you need to do is ensure that your tax rate in the POS is accurate; after that, just provide your email, phone number, bank account, and tax details for DAVO to begin its automation process. Continue using your POS as normal without any worries about sales tax, since DAVO takes care of everything for you. There are no additional actions or buttons to press; simply log your sales as you always do. DAVO will automatically allocate the precise amount of sales tax collected each day, transferring it to a secure tax holding account. When it comes time for your sales tax payment, DAVO will handle the filing with the state, ensuring your taxes are submitted on schedule. This way, you can focus on growing your business while DAVO manages your sales tax obligations efficiently. -
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EXEMPTAX
DACENSO
$250/month EXEMPTAX provides a secure and easy-to-use platform for businesses to collect, verify and manage resale and tax exemption certificates. EXEMPTAX can be used either as a stand alone tax exemption certificate management solution, or in combination with other e-commerce sales tax calculation engines, enabling businesses to reduce their audit risk. To learn more about our platform, including integration options and our managed services solutions, schedule a demo on our site today. -
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MTDsorted
MTDsorted
$15 per monthOur goal is to simplify digital taxation without the associated costs of HMRC-compliant accounting software. Over 700 businesses trust us to effectively handle their digital tax needs. With our platform, you can effortlessly calculate your VAT, view your submission history, and automatically include your purchases to streamline your VAT return process. Your information remains secure, as MTDsorted is built on a robust framework with SSL encryption to ensure maximum safety. Recognized by HMRC, we allow you to submit your VAT returns for free, without any charges to your business for services that are available at no cost. Additionally, you can bridge your existing software to create your VAT returns seamlessly through MTDsorted. Our bookkeeping tools enable you to monitor sales and automatically prepare your tax returns, while our platform simplifies quarterly self-assessments. Ultimately, MTDsorted equips you with the necessary tools to maintain complete control over your business taxes, making the process more efficient and user-friendly. -
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iExempt
iExempt
$29.95 per monthiExempt offers electronic resale certificate forms that feature real-time verification with state tax authorities, allowing you to save 90% of the time spent managing tax-exempt buyers. By ensuring that your buyers' tax-exempt status is valid, iExempt provides a seamless experience that minimizes the likelihood of errors during documentation submission. This cloud-based solution alerts you when resale certificates are nearing their expiration, making compliance easy and efficient. Additionally, it integrates effortlessly with all invoicing software and can be set up in just a few minutes. With iExempt's electronic resale certificates, you can significantly reduce both human error and the risk of fraud. This innovative service stands out as the only one that guarantees adherence to state tax exemption regulations. Key features include foolproof submissions and real-time verifications, both designed to eliminate costly mistakes during audits. Experience the difference by trying a demonstration today, and ensure your operations remain compliant and efficient. By utilizing iExempt, you can focus more on your business while confidently managing tax exemptions. -
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ComplYant
ComplYant
$0You can get a customized calendar with reminders for tax deadlines for one or several businesses, emailed to your inbox so you don't forget a due date. You can eliminate the guesswork of figuring out how much income tax or sales tax you will owe. You can manage your tax compliance for one or more businesses with one dashboard. Never forget a deadline for your business tax - income tax, sales tax or annual reports - not tax. We will create a custom calendar that includes all the tax deadlines you'll need to meet throughout each year by asking about your business. We take the guesswork out when figuring out how much income tax and sales tax you will owe. Our tool gives you an accurate estimate of how much you will need by the deadline. -
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Cleverbridge
Cleverbridge
A customizable platform equipped with all the essentials for global online sales awaits you. Moreover, our team of growth specialists guarantees that you possess every necessary tool to achieve your revenue objectives while ensuring customer satisfaction anytime and anywhere. Focus on your primary business while we handle the complexities of international taxation and compliance, provide localized checkout experiences, and manage fraud, all while offering a comprehensive suite of top-tier solutions. Tackle the intricacies of pricing, billing, and payment processing effortlessly with flexible, user-friendly options tailored for both B2B and B2C models. B2B customers now demand an experience that matches the standards of their everyday digital interactions. Our solutions draw on 15 years of eCommerce expertise, ensuring they meet the specific needs of B2B clients and their end-users alike. With this support, you can confidently expand your reach and enhance your market presence. -
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Business Bits
Bitsware
$31.29 per yearBusiness Bits is an ERP software that is cloud-based and specifically designed for MSME units. It is simple to use, easy to customize, and has many notification options. Customers can choose the functionality they want to use to control their costs. We only charge for what you actually use. -
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Anrok
Anrok
$238 per monthIf you're not prepared to start collecting taxes from your customers just yet, take the opportunity to tailor your tax collection strategies for each area, ensuring compliance while maintaining control over your pricing strategies. As your revenue expands, be alert to any changes in filing frequency that may arise. Experience the transparency and oversight provided by contemporary reporting tools. Link refunds to their associated transactions, allowing you to track the entire lifecycle of a subscription seamlessly. Stay ahead of deadlines and never overlook an important due date by utilizing Anrok Easyfile for automated filing. Anrok stands out as the innovative sales tax solution designed for today's digital landscape, specifically catering to SaaS enterprises by integrating sales tax monitoring, calculation, and remittance throughout your financial ecosystem. By implementing Anrok, you can simplify your tax processes and focus more on growing your business. -
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SenseQuiet Sales Tax
SenseQuiet
SenseQuiet Sales Tax encompasses the full range of functionalities found in both SenseQuiet Accounting and SenseQuiet Inventory, while also integrating features specifically designed for managing Sales Tax and Federal Excise Duty on purchase and sale invoices. Users can generate detailed tax reports, enabling them to print invoices, debit and credit notes, as well as input and output registers, along with summaries that break down sales tax by item or party. The software also includes a monthly tax calculation report that assists in completing sales tax challans, as well as yearly summaries for comprehensive overviews. This rich array of features helps differentiate the software from other options on the market. Additionally, it provides a categorized account listing, a categorized item listing, and registers for purchase and sale contracts. Users also benefit from a purchases and sales register, sales tax input and output registers with summaries, location-specific inventory tracking, an adjustment register, and a vouchers register complete with print functionality. Ultimately, these capabilities make SenseQuiet Sales Tax a powerful tool for businesses looking to streamline their tax management processes. -
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Eurora
Eurora
€49 one-time paymentEnhance international trade and ensure compliant shipping through secure AI-driven solutions. By refining the supply chain and optimizing operations with Eurora's innovative AI technologies, businesses can deliver a smooth and enjoyable shopping experience, which not only boosts customer satisfaction but also minimizes return rates. Expedite parcel movement with compliance tools that prevent unnecessary customs delays, utilizing Eurora's advanced customs software while effortlessly collecting duties and taxes through Eurora Collect. Leverage top-tier compliance solutions to adhere to regulations such as ISC2 or ViDa, resulting in an improved user experience and the ability to effectively compete with major commercial carriers. Ensure that every shipment is assigned the correct HS code swiftly and automatically. Provide real-time visibility of applicable VAT and duty rates at the point of sale, and implement automatic screening for all orders against national restrictions and denied parties lists, thus safeguarding your operations from potential compliance issues. By integrating these solutions, companies can not only streamline their processes but also build a trustworthy reputation in the global market.
Sales Tax Software Overview
Sales tax software is a type of financial application designed to help businesses manage the process of collecting, filing and remitting sales taxes. It usually involves the integration of various sources of information, including invoices, receipts and customer information, as well as other statutory requirements like permits and licenses.
The primary purpose of using sales tax software is to assist businesses with meeting their obligations to local, state and federal governments. This includes tracking sales activities in multiple jurisdictions in order to accurately calculate applicable tax rates for each sale made within those jurisdictions. Sales tax software also helps businesses determine whether or not they are liable for charging customers sales taxes based on their location.
Most sales tax software allows users to set up profiles for customers that specify their locations so that customers residing in different states or countries can be charged appropriate taxes according to the law in their area. The software features built-in intelligence so that it can automatically generate accurate invoices containing applicable taxes based on customer address data collected at time of purchase. Additionally, many systems integrate with accounting programs such as QuickBooks, which makes it easier for businesses to monitor payments and ensure accuracy when calculating taxable income.
Another key benefit associated with sales tax software is its ability to eliminate manual tasks associated with calculating tax rates by leveraging automated processes like automated form submission or e-filing capabilities. This removes the burden from businesses’ accounts payable teams who would otherwise have to manually submit paperwork when filing returns or making any changes related to taxation laws. Additionally, many systems come equipped with alert capabilities so that users are notified when changes need to be made due to new regulations or modifications from a particular jurisdiction.
Overall, using a reliable sales tax software system reduces human resources costs associated with managing taxes while also ensuring compliance with current legislation related to taxation in different jurisdictions throughout the country and around the world. This helps businesses reduce the chances of being fined or penalized for non-compliance and provides peace of mind when dealing with ever-changing tax laws.
What Are Some Reasons To Use Sales Tax Software?
- To Save Time: Sales tax software automates the sales tax filing process, which saves companies time they would otherwise spend manually inputting data and calculating taxes due.
- Automation of Complex Calculations: Sales tax software automates complex calculations such as product exemptions and local rules, saving businesses from having to do these tedious calculations manually.
- Accurate Reporting: With its automated processes, sales tax software is able to generate accurate sales tax reports in just a few clicks. This eliminates errors that could be caused by manual entry or incorrect calculations, potentially resulting in costly penalties for businesses if audits are conducted by authorities.
- Up-to-Date Regulations: Good sales tax software keeps track of changing government regulations on a state and even jurisdiction level so that businesses only have to worry about meeting current requirements rather than having to research new updates themselves every time they need to submit a report or payment.
- Improved Cash Flow: By streamlining the sales tax filing process with automation, software enables businesses to make quicker payments or refunds owed out of their accounts, thus improving their cash flow management ability.
- Reduced Costs: By eliminating the need for manual labor, sales tax software reduces payroll costs and paperwork processing expenses by streamlining all processes related to filing tax returns and payments.
- Comprehensive Reporting: Sales tax software allows users to easily access comprehensive reporting information such as jurisdiction-specific taxes, returns due, and payment history. This makes it easy to quickly access any data related to sales taxes needed for auditing or compliance reasons.
The Importance of Sales Tax Software
Sales tax software is an essential tool for businesses of all sizes, as it helps streamline the complex and often confusing process of calculating, filing, and paying sales taxes. Sales tax software automates a process that can be time-consuming and tedious when done manually. This automation allows businesses to devote more time to other important tasks that are vital for running a successful business.
Sales tax software collects data from point-of-sale systems or online shopping carts, tracks taxable sales for each jurisdiction, calculates the correct rate based on location rules, files returns in each state or area at their designated times, automatically updates their library of thousands of changing rates and regulations based on jurisdictional tax updates, allows companies to store historical records for review and audit defense purposes, produces detailed reports for tracking sales by item or by customer location so businesses can calculate how much they should collect in any given area. Additionally, it helps companies stay compliant with federal laws regarding taxation matters.
Sales tax software allows businesses large and small to remain organized while complying with all legal responsibilities related to taxation regulations. It not only decreases administrative overhead but also minimizes compliance risk while reducing manual errors which may result due to manual calculations. By taking advantage of modern technology such as sales tax software solutions, businesses can minimize costly lapses in compliance while ensuring timely payment of taxes resulting in cost savings over the long term.
Features Offered by Sales Tax Software
- Automated Tax Calculations: Sales tax software accurately calculates taxes owing on sales and purchases, as well as any refunds due to the customer. This eliminates time-consuming manual calculations that can be vulnerable to mistakes or errors.
- Sales Tax Rate Integration and Management: Users can input their business location’s sales tax rate and other relevant local regulations into the software in order to ensure that the correct rate is applied for all applicable purchases or sales transactions within a jurisdiction.
- Reporting Capabilities: Many sales tax software solutions provide detailed reporting capabilities, enabling users to track and monitor invoice history, assess potential audit risks, create quarterly reports for income taxes, and generate financial statements including balance sheets, profit & loss statements, and more.
- Compliance Monitoring Tools: The best solution will include compliance monitoring tools tailored to specific states or territories that require businesses to file periodic reports on their status with respect to use tax liability. These are sometimes referred to as “nexus reports” or “transactional privilege / use tax returns” depending on the locale of the business activity in question.
- Integrations With Other Systems: Because of its flexibility and compatibility with other systems like enterprise resource planning (ERP), accounting/bookkeeping platforms such as QuickBooks Online (QBO) or Xero, eCommerce channels like Shopify or Magento Commerce Cloud (formerly Magento Enterprise Cloud Edition), Point of Sale (POS) solutions (such as Square™), payment processors like Stripe ™or AuthorizeNet™ gateway systems, most modern solutions have pre-built integrations readily available so businesses don't have to worry about manually entering data across disparate systems.
- Tax Liability and Refund Tracking: Most solutions include the capability to track tax liabilities, including what the customer is due in refunds or credits, allowing businesses to stay on top of their obligations and avoid incurring penalties. This also helps to reduce potential audit risks by keeping records of all transactions and the accompanying taxes collected or refunded on them.
- Tax Exemption Management: Managing tax exemptions can be a complex task for any business, especially across different states or countries, so many solutions provide tools specifically designed for this purpose. These help automate the process of tracking customer-specific exemption certificates and ensure that applicable taxes are only applied when a customer matches specific criteria outlined in the relevant regulations.
Types of Users That Can Benefit From Sales Tax Software
- Accountants: Sales tax software can help accountants manage their clients' sales tax accounts, making sure their records are accurate and up-to-date.
- Small Business Owners: Sales tax software can simplify the process of calculating and filing sales taxes for small business owners, so they can spend more time focusing on growing their business.
- Tax Professionals: Sales tax software can help professional preparers become more efficient by streamlining the preparation and filing of sales taxes for multiple clients simultaneously.
- Tax Collectors/Agencies: Sales tax software provides valuable insights into regional or statewide tax information, helping state agencies ensure compliance with current regulations.
- Merchants & Retailers: By providing an easy way to calculate, collect and remit sales taxes to the correct authorities, merchants & retailers save money in administrative costs while keeping compliant with all relevant laws.
- Multi-State Businesses: With sales tax software designed specifically for businesses operating in multiple states, companies selling across different jurisdictions can stay compliant without wasting resources on manual calculations or filings.
- Non-Profit Organizations: Non-profits benefit from sales tax software too, as it helps them streamline their accounting and filing processes, saving time and resources that can be put to better use.
How Much Does Sales Tax Software Cost?
The cost of sales tax software varies greatly depending on the features and complexity of the software. Some basic software packages start at around $20 per month, but these packages may not have advanced features like batch processing and API integrations. More complex solutions can range from hundreds to thousands of dollars each year, depending on the features required and the size/scope of your business. For example, an enterprise-level solution designed to handle all aspects of a multi-state, multi-currency operation could easily cost tens of thousands or more annually.
Additionally, many software companies offer different pricing plans to fit various budgets and business needs, including pay-as-you-go options for those who don’t need ongoing help or updates with their taxes. Finally, some companies also offer discounts for nonprofits and educational institutions.
Risks To Be Aware of Regarding Sales Tax Software
The risks associated with sales tax software include:
- Data security risks, such as a cyber attack or data breach that could expose customers’ personal information and potentially cause financial losses.
- Potential legal risks if the software isn't used correctly and sales taxes are not collected or reported properly.
- Liability risks if the software is found to be defective or doesn't comply with all applicable federal and state laws.
- Compliance risks if the software is unable to accurately calculate sales tax for each jurisdiction, causing potential liability for underpayment of taxes.
- Financial risk in the form of lost revenue due to inaccurate calculations of taxes or failure to capture all taxable transactions that could result from using outdated technology.
- Operational risk from incorrect calculations or delays in filing returns due to software errors.
Types of Software That Sales Tax Software Integrates With
Sales tax software can integrate with a variety of other software types. For example, enterprise resource planning (ERP) systems and customer relationship management (CRM) systems often feature integration capabilities with sales tax software. Accounting and bookkeeping software, such as QuickBooks or Xero, also often offer direct integration capabilities with sales tax reporting solutions. Point-of-sale (POS) and eCommerce platforms are two other popular types of programs that may be integrated with sales tax software in order to help ensure the accurate calculation of sales taxes for goods sold in different jurisdictions. Finally, warehouse management systems can also be linked up to a compliant sales tax solution in order to properly account for goods stored across multiple warehouses in various locations.
What Are Some Questions To Ask When Considering Sales Tax Software?
- What geographic areas does the software cover for sales tax compliance?
- Does the software integrate with other business solutions, such as accounting and ERP systems?
- How easy is it to set up new users within the system?
- Is there an option for multiple user accounts in different locations or departments?
- Does the software provide automatic filing and payment processing capabilities?
- Does the system offer any reporting capabilities that can help you prepare and submit returns quickly?
- Are there any additional fees associated with implementing or using the software (i.e., setup, support, ongoing maintenance)?
- Are there any other features that may be useful, such as automated audit tracking tools, quick product lookups and customer classification functions?
- Does the software provide customer support and what types of services are available?
- How secure is the software, both for user access and for data storage?