About LumaTax
LumaTax is a sales tax automation software for businesses operating in the US and Canada. Offered by Taxually, it automates data collection, tax calculations, and filing to ensure compliance with local tax regulations.
LumaTax, a product by Taxually, is a sales tax automation platform designed for businesses in the United States and Canada. It aims to simplify tax compliance by automating the collection and reconciliation of transaction data from various sources, including e-commerce platforms like Amazon and payment processors like Stripe. The software features automated data validation to ensure accuracy in tax calculations and jurisdiction assignment. LumaTax generates ready-to-file returns that can be submitted with a single click, helping businesses meet deadlines and avoid penalties. The platform provides detailed tax summaries for better financial insight. While it offers robust features for enterprises and service providers, the solution for e-commerce businesses is noted as being in development, with a waitlist available. Support is provided through the parent company, Taxually's, support center.
Pros & Cons
- Automates the collection and reconciliation of transaction data from multiple sources.
- Provides automated data validation, including address and tax jurisdiction assignment.
- Generates precise, ready-to-file tax returns for the US and Canada.
- Offers a centralized platform to manage all filings and access historical data.
- Helps businesses navigate complex tax laws and avoid costly compliance mistakes.
- The solution for e-commerce businesses is not yet available and requires joining a waitlist.
- Pricing information is not publicly available on the website, requiring a demo or sales call.
- The product is part of a larger suite, which may be complex for users seeking a standalone tool.
Features
Key features
Imports data from sources like Excel, Stripe, and Amazon with drag-and-drop functionality to streamline tax filing.
Validates data for accuracy, including address validation and tax jurisdiction assignment, to reduce errors.
Generates ready-to-file returns from sales data and allows submission with a single click.
Provides comprehensive summaries of tax obligations, categorizing sales into gross, taxable, and exempt.
Collects and reconciles transaction data from multiple sources to eliminate manual processing.
Additional features
Guides businesses in determining where they need to register, collect, and remit sales taxes.
Helps avoid penalties and interest charges from late or inaccurate tax returns.
Allows users to manage all filings and access past returns from a single platform.
Handles sales tax compliance for the United States (sales and use tax) and Canada (GST, HST, PST).
Pricing
Countries & Languages
Available in
Interface languages
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About LumaTax
LumaTax is a sales tax automation software for businesses operating in the US and Canada. Offered by Taxually, it automates data collection, tax calculations, and filing to ensure compliance with local tax regulations.
LumaTax Details
LumaTax's In-App Market Place
Does LumaTax have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
Pros & Cons
- Automates the collection and reconciliation of transaction data from multiple sources.
- Provides automated data validation, including address and tax jurisdiction assignment.
- Generates precise, ready-to-file tax returns for the US and Canada.
- Offers a centralized platform to manage all filings and access historical data.
- Helps businesses navigate complex tax laws and avoid costly compliance mistakes.
- The solution for e-commerce businesses is not yet available and requires joining a waitlist.
- Pricing information is not publicly available on the website, requiring a demo or sales call.
- The product is part of a larger suite, which may be complex for users seeking a standalone tool.
LumaTax's Support Options
Contact
+1 845 203 3253Documentation
https://support.taxually.com/support/homeLumaTax's Alternatives
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