TaxCloud automates sales tax calculations, collections, and filings across all 13,000 U.S. jurisdictions, ensuring 100% compliance and accuracy while significantly reducing the time spent on manual tax reporting. The platform integrates with existing e-commerce systems and provides audit support, helping businesses navigate complex tax regulations and minimize audit risks.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CPFounders
Product
Problem
Calculating, collecting, and filing sales tax across the United States is complex due to the numerous jurisdictions (over 13,000) each with its own tax rules and rates. Businesses, especially e-commerce businesses, face a significant burden in staying compliant with these ever-changing regulations, leading to potential errors, penalties, and time-consuming manual processes.
Solution
TaxCloud provides an automated sales tax management solution that simplifies compliance for businesses selling online. The platform accurately calculates sales tax rates in real-time across all U.S. jurisdictions, automates the collection process, and handles the filing of sales tax returns. By integrating with existing e-commerce platforms and ERP systems, TaxCloud eliminates manual tax reporting, reduces audit risk, and ensures businesses remain compliant with state and local tax laws. As a Certified Service Provider for SST (Streamlined Sales Tax), TaxCloud offers additional benefits such as a single identification number for filing and paying taxes in member states, notice management, and support for returns setup.
Target Audience
TaxCloud primarily targets e-commerce businesses, retailers, and other companies that sell products or services online and need to comply with U.S. sales tax regulations.
Features
- Real-time sales tax calculation for all 13,000+ U.S. jurisdictions
- Automated sales tax collection at the point of sale
- Automated sales tax reporting and filing
- Integration with popular e-commerce platforms (e.g., Shopify, BigCommerce), ERPs, and payment processors
- Developer API for custom integrations
- Exemption certificate management
- Support for various industries, including retail, software, manufacturing, and healthcare
- Audit support and assistance