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.
-
1
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 70% 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.
-
2
CSS IMPACT
CSS, Inc
10 RatingsAi - an Agent-less "Ai" (Artificial Intelligence) Digital Consumer or Debtor Engagement bot for credit, billing, collections & revenue cycle management. This "Digital & Voice First Ai” servicing technology can answer common questions and accept payments. It also negotiates accounts with a frictionless positive user experience. -
3
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!
-
4
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. -
5
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.
-
6
Intuit ProSeries Tax
Intuit
$340 per year 1 RatingThe software is easy to use and provides error-spotting diagnostics so you can prepare returns quickly and confidently. ProSeries is the #1 professional tax software. Over 60,000 professionals choose it year after year. With timesavers integrated into your workflow, you can save more time on every return. To quickly find the right forms and data entry fields, simply describe what you are looking for. With the ability to quickly identify any fields that require data, you can save 23 minutes per return and send an email request to your client in just a click. With comprehensive diagnostics that pinpoint errors and point you to the right solution, your returns will be done correctly. You can create a solution that is right for you and only pay for what you use. For significant savings on each return, consider purchasing packaged bundles. -
7
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.
-
8
Stripe Tax
Stripe
1 RatingStripe Tax allows you to calculate and collect sales tax and VAT with just one line of code. You can find out where to register, automatically collect the correct amount of tax, and access all the reports you need for filing returns. Internet businesses must collect taxes in over 130 countries and most US states. It can be difficult to stay compliant, especially as your company grows. Rates and tax rules change all the time, and they can vary depending on where and what you sell. These complexities can lead to penalties and interest, as well as uncollected taxes. Stripe Tax was created to make tax compliance easier so that you can concentrate on scaling your business. You can collect taxes from all over the globe by simply adding one line of code to an existing integration or clicking a button on the dashboard. Stripe Tax monitors all transactions so you can see when and where to register to collect taxes. -
9
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.
-
10
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.
-
11
Xero is an award winning online accounting and bookkeeping platform for small businesses. Xero is a simple platform that allows businesses to manage their finances easily. It includes invoicing, inventory management, bank connections, payroll, reporting, and much more. Xero offers 24/7 online support for users.
-
12
Avalara is a cloud-based solution that enables sales automation and tax compliance. It is flexible and cost-effective. It's an end-to-end solution that allows businesses to accurately calculate sales and adhere to thousands of sales tax rules. Avalara premium features include VAT calculation and returns filing, POS and CRM integration, CMS software integration, exemption certificates, as well as other features. Just a few clicks away, you can make tax compliance simpler, more accurate, integrated into your business systems, and more efficient. We would love to know which ERP, ecommerce platform or accounting software you use, and how you manage taxes. You can implement a solution that works for you today and prepare for any regulatory changes that may come your way tomorrow.
-
13
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. -
14
TaxCloud
FedTax
$10.00/month TaxCloud is a web-based solution for sales tax management and compliance that is ideal for online retailers. The solution is free and easy to use and offers sales tax calculation, filing, detailed reports, remittance and audit response services in the United States. TaxCloud includes over 85 ecommerce platforms that allow users to track product and use-based exemptions in every country. -
15
AccurateTax TaxTools
AccurateTax.com
$12 per monthTaxTools™, our flagship sales tax software product, is TaxTools™. It simplifies the sales tax process by allowing retailers to manage addresses, rates, exemptions, and product-specific tax rates. AccurateTax taxTools integrates directly into your shopping cart to allow seamless address scrubbing as well as sales tax calculations right within the checkout process. Our e-commerce sales taxes compliance software was created to allow your store calculate sales tax during checkout. We provide a complete solution for your sales tax live-cycle needs. We offer software as well as sales tax registration and periodic sales tax filing. We provide accurate rates for all addresses within the United States. We can pinpoint the correct sales tax for each order using precise geolocation. -
16
Rhino Making Tax Digital
Rhino Software
$12 per user per monthThe App automatically calculates VAT based on invoices and expenses. Bridging is recommended for businesses using other VAT schemes. Rhino is currently adding VAT schemes to the App in order to facilitate CASH Accounting as well as FLAT RATE schemes. These enhancements will be available in the next major version of the App. This App allows customers to submit their VAT Returns. The Rhino team is currently adding the AGENTS feature to enable Accountants and Agents submit VAT Returns for their customers. This enhancement will be added to the App's next major release. -
17
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. -
18
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. -
19
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. -
20
DAVO Sales Tax
Avalara
$39.99 per monthDAVO automates all steps of the sales tax process from collecting to filing to paying. It integrates seamlessly with your POS so you don't have to do anything. DAVO guarantees that your taxes will be paid on-time and in full. Make sure your POS has the correct tax rate. Simply enter your email address, phone number, and tax information to allow DAVO to automate your sales tax. You can use your POS system as you have always done and never worry again about sales tax. DAVO will do everything automatically. There are no extra steps or buttons to push. You can simply enter your sales as you would normally. DAVO uses data from the POS system to determine the exact amount of sales tax that you collect each day. The sales tax is then transferred into DAVO's tax holding account. DAVO will automatically file taxes with the state whenever sales tax is due. This guarantees that they will be filed on time. -
21
MTDsorted
MTDsorted
$15 per monthDigital tax should be made easier. The HMRC-compliant accounting software that is free of charge. Trusted by 700+ businesses to manage their digital taxes. Calculate your VAT. View your submission history and add your purchases to automatically calculate the VAT return. Your data is protected. MTDsorted is built on a secure framework that uses SSL to ensure your data is protected. HMRC Recognized. We are an HMRC-recognized platform for Making Tax Digital for VAT. Forever, submit your VAT return free of charge. Your business won't be charged for anything we provide for free. Bridging Use your existing software to create your VAT Returns using MTDsorted. Bookkeeping Use our tools for tracking your sales and automatically generating your tax returns. Self Assessment. You can easily complete your quarterly self-assessment digitally. MTDsorted offers you the tools to manage your business taxes. -
22
iExempt
iExempt
$29.95 per monthiExempt Electronic Resale Certificate Forms with Real-Time State Verification You can save 90% on dealing with tax exempt buyers iExempt verifies that your buyers are tax-exempt and valid with their state tax authority. Our cloud-based electronic guided forms for resale certificate ensure that your buyers do not make mistakes in submitting their documentation. Our software notifies you upon upcoming resale certificate expiration dates! It is easy to set up and compatible with all invoicing software. Our Electronic Resale Certificates virtually eliminate human error and fraud. iExempt is the only service of its kind to ensure compliance with state tax-exemption laws. Features: Foolproof Submissions Our system validates your state's resale certificate forms in real-time, eliminating any errors that could be costly during an audit. Demonstration available. Real-Time Verifications Real-time verification of the state eliminates fraud and is critical to passing a state tax audit. -
23
Lookuptax
Lookuptax
$0Lookuptax simplifies the validation of VAT IDs worldwide. Access a single API to validate in over 100 countries. Ensure accuracy and conformity. One API for tax ID validation across the globe Let us handle the hassle of bringing multiple Tax ID sources together in one place. Concentrate your efforts on developing your core product. Global coverage: Multiple databases from different countries under one roof Validate in Bulk - Upload tax IDs in bulk to instantly validate their authenticity Single API: Switch Tax ID Validation between Countries with a Single API Integration Audit history: Review the validation history at any time -
24
CFS TaxTools
CFS Tax Software
$84.50 per yearCFS TaxToolsTM is the most popular program in the tax industry. Print worksheets with your firm name and the client's name in professional quality format. These can be attached to the tax return, or presented to the client along with an invoice. TaxTools can also generate them. There are hundreds of tax forms included, many of which are not available in tax preparation software. The form can be mapped with client information. Clients may save multiple versions of a form. The printed form will print exactly as it appears on screen. Many forms can be emailed as a PDF. You can use these financial calculators to calculate the average cost of mutual funds and for calculating loan and investment options. Flowcharts let you answer a series questions to determine your filing status, inherited IRA options, and whether the taxpayer falls within the "Kiddie Tax". You can update from the internet if forms or laws are changed. Data backup and restore. -
25
Sovos
Sovos Compliance
Sovos is a global provider of tax, compliance, and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. More than 100,000 customers in 100+ countries - including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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?