LumaTax

LumaTax is a cloud tool for sales tax work, now offered by Taxually. It began as an advisory-enablement product for accounting firms and also automates filing for businesses that sell in the US and Canada.

Its creators wanted accountants to spend less time on data entry and research and more on guiding clients.

What LumaTax offers

• Economic nexus analysis — state-by-state reports showing where a client may owe sales tax.
• Data mapping — maps source-system data automatically and keeps documents organised.
• Registration — handles sales tax and business licence registrations for clients.
• Return filing — prepares and files returns, with validation of the data beforehand.
• Reporting — return summaries and ongoing monitoring that firms can sell as an add-on service.
• Data collection — pulls and reconciles transactions from sources such as Amazon, Stripe and Excel.

Who it works with

Accounting firms advising clients on sales tax, and online sellers needing US sales tax and Canadian GST or HST compliance.

Key facts

• Security: SOC 2 Type II certified
• Part of: Taxually
• Customers: the vendor cites more than 20,000 companies