Friday, June 6, 2014

TaxJar plans e-filing service for online sales taxes / Fueled by $600,000 in seed funding, the startup automates collection of local taxes related to e-commerce transaction.

Heather Clancy for ZDNet writes: Refueled with $600,000 in funding from several seed investors, startup TaxJar solves an annoying but very real problem for Internet entrepreneurs: how to automate collection of sales taxes related to online transactions, especially on platforms that weren't necessarily set up to accommodate this originally.

That includes both sellers using both widely used e-commerce platforms – Amazon, eBay, Shopify, PayPal, Big Commerce and Etsy --  as well as publishing sites using WordPress where the ability to collect tax isn't native (for selling things such as white papers or reports or such).
Given all the activity related to state sales taxes and possible federal legislation, TaxJar is using its new funds to add new features quickly, including both better ways of automating collection and features for e-filing, said Mark Faggiano, founder of the San Diego-based company. [snip]  The article continues @ ZD Net, click here to continue reading...

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