Tax is a crucial component in the world. Everyone needs to be compliant, especially business. Sales tax is tax businesses need to execute from every stage of the business operations. Since calculating sales tax can be challenging, you will need a solution. Meet sales tax software, a tool to help you in every phase.


12+ Sales Tax Software

1. Avalara

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Rating: 5/5

Price: Custom

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2. Taxjar

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Rating: 5/5

Price: $19/month

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3. Quickbooks

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Rating: 4.8/5

Price: $12.50/month

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4. Sovos

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Rating: 5/5

Price: Custom

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5. Xero

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Rating: 5/5

Price: $11/month

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6. 3dcart

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Rating: 5/5

Price: Custom

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7. Sage Intacct

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Rating: 4.6/5

Price: Custom

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8. Taxcloud

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Rating: 4.8/5

Price: Custom

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9. Vertex

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Rating: 5/5

Price: Custom

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10. Kashoo

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Rating: 5/5

Price: FREE

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11. Intuit

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Rating: 4.6/5

Price: Custom

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12. Taxify

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Rating: 5/5

Price: Custom

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13. LOVAT

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Rating: 4.9/5

Price: FREE

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What is Sales Tax Software?

As we all know, the government charges tax to the professional industry. Sales tax is a law businesses need to follow to keep their business going. Calculating taxes is never simple, especially with manual processes. That is why experts developed sales tax software to help firms calculate and evaluate sales tax critical factors effectively and efficiently. It’s a technology tool that comes with a complete set of tools that can provide you with reliable data analytics and dashboards with detailed information to help you make better decisions.

Benefits

Sales tax software provides multiple benefits and advantages to your management. Manual processes consume time and effort, and on top of that, they can show inaccurate information. Sales tax software enables tax automation, compliance evaluation, flexibility, and more. With this software, you can reduce time and costs. You can also lessen your reliance on spreadsheets.

Features

Features and functionalities are components you need to evaluate before buying the software that caught your interest. These two factors serve as the mechanics of the software. They help process and evaluate your business performance and quality. Aside from that, the software is expensive. That is why it is advisable to research to assess the software’s capabilities. Multiple websites provide software’s advantages and disadvantages to help you comprehend. You can also try free trials and versions. The following are features you should consider:

Top 10 Sales Tax Software

1. Quickbooks

Quickbooks from Intuit includes accounting, automatic billing, donor management, expense tracking, time tracking, and more innovative features. Intuit has annual revenue of $10.3 billion and 13,696 employees.

2. Avalara

Avalara includes address validation, audit trail, taxability verification, tax calculation, and more advanced features. Avalara has annual revenue of $648.6 million and 2,754 employees.

3. Xero

Xero includes accounts receivable, accounts payable, benefits management, case management, client portal, and more contributive features. Xero has annual revenue of $496.9 million and 3,427 employees.

4. Vertex

Vertex includes approval process control, document management, scenario planning, data verification, and more valuable features. Vertex has annual revenue of $202.6 million and 1,397 employees.

5. Sovos

Sovos includes value-added tax (VAT), tax filing, audit trail, consumer use tax, tax calculation, and more helpful features. Sovos has annual revenue of $184.6 million and 1,273 employees.

6. Sage Intacct

Sage Intacct includes asset accounting, asset lifecycle management, attendance management, financial reporting, and more advanced features. Sage Intacct has annual revenue of $104.1 million and 718 employees.

7. Taxjar

Taxjar includes exemption management, tax filing, transaction tracking, taxability verification, and more valuable features. Taxjar has annual revenue of $25.5 million and 196 employees.

8. 3dcart

3dcart includes customer relationship management (CRM), inventory control, shipment tracking, built-in marketing features, and more. 3dcart has annual revenue of $13.6 million and 94 employees.

9. Taxcloud

Taxcloud includes compliance management, email marketing, inventory management, order management, and more logical features. Taxcloud has annual revenue of $7 million and 40 employees.

10. Kashoo

Kashoo includes cash management, general ledger, profit/loss statement, multi-company, income, and balance sheet. Kashoo has annual revenue of $2.5 million and 17 employees.

FAQs

Why is tax important?

As we all know, the government gives what society demands and needs, including services, free shelters, roads, structures, and more. On top of that, the government provides a salary to public servants such as police, fireman, and more. To generate a budget for these factors, the government implemented a tax law to collect money from the public and execute improvement projects.

Why is tax management important?

Collecting tax is not only about gathering money from people and the professional industry. It requires accurate and fair calculations and evaluations to ensure justified tax charges. For this reason, tax management is crucial to process and assess tax performance and behavior to assure compliance and acquire tax rate changes.

What is VAT?

VAT stands for value-added tax. You see VAT in your grocery receipts or other receipts from various stores. VAT is a tax that consumers pay to the government indirectly. The government and businesses joined forces to determine the right amount of VAT. It involves complex procedures and analysis to ensure consumers find it appropriate.

The laws of tax are ever-changing. Checking compliance and rates at various stages of the business, such as ingredient suppliers, manufacturers, etc., is not easy. Sales tax software provides a wide range of data you can trust and base your decisions on. With this tool, you can prevent overlooks and errors that can put you in a disadvantageous position.


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