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TaxCloud

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United States

Founded in

01 Jul 2009 (16 Years)

Founded

Last online: No recent activity


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    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know TaxCloud

    TaxCloud is an internet-based sales tax compliance service that is free for retailers because the company is paid by the states as a Certified Service Provider to many state Revenue Departments. TaxCloud automatically keeps track of how things are taxed differently across all the states, automatically recognizes sales tax holidays, integrates easily with shopping carts and ordering systems, and helps online retailers instantly calculate, collect and remit sales tax. With TaxCloud, even the smallest of businesses can easily manage sales tax in one state or all states - at no cost. Perhaps more important than the free price tag, is the fact that TaxCloud has already been certified by many the states, which provides the retailers significantly reduced compliance risk (via indemnification, limitation of liability, and audit relief). In such an environment businesses need a trusted and stable compliance partner capable of easily handling their current obligations, but also a solution that can scale to handle any additional obligations they may have in the future. TaxCloud is trusted by more than 26,000 online retailers every day (and adding more every day). Our mission and message is simple: We believe no retailer should have to pay to comply with sales tax obligations because most jurisdictions are eager to ensure their sales taxes are collected correctly and remitted timely. By shifting the efforts of compliance back upon the states, TaxCloud has inverted the traditional tax technology marketplace, making sales tax compliance easy (and even free) for retailers of any size. With more than 26,000 merchants on board, we have proven this business model works in the US, and we are now developing plans to expand our footprint of operations to non-US jurisdictions.

    Industry

    • Financial Other ServicePRIMARY
    • Technology Software Development

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