LumaTax
Navigating the Maze of US Taxation With Expertise
In-Depth Transactional Analysis
Understanding your sales transactions is vital for accurate tax reporting. Our transactional analysis provides a comprehensive overview of your business operations:
Total Sales Audit
Gain a panoramic view of your entire sales landscape with our comprehensive review, ensuring a holistic grasp of all financial movements.
Non-Taxed Sales Audit
Our detailed examination confirms the legitimacy of every tax exemption, safeguarding your business against potential missteps and oversights:
We'll help you identify exempt customers and ensure their purchases are accounted for correctly in your records.
Certain products or services may be exempt from sales tax. We'll identify these non-taxed SKUs and ensure they're reported accurately.
Taxable Sales Audit
Precisely evaluate and verify taxable sales. We ensure every taxable transaction aligns with current regulations, leaving no room for inaccuracies.
Recorded vs. Reported Taxable Sales Reconciliation
With our expertise, you can be sure that every taxable sale stands up to the most rigorous of tax audits.
Sales Tax Is Complicated.
We’re Here To Help.
LumaTax eliminates the need for extensive data clean-up, tax research, and manual analysis against spreadsheets and tax tables to monitor your physical and economic nexus.
Our Sales Tax Hub encapsulates our deep domain expertise to deliver unparalleled results. Combine that with our advisory experts and partners and you'll be on the right track in no time.
We have the tools and expertise to ensure your filings are accurate and compliant with all regulations.
Streamlining Your Tax Compliance
Upload Data Securely
Upload your transactional data into our system, where it's safeguarded by state-of-the-art encryption.
LumaTax Compliance Score
Every transaction is then carefully analyzed and assigned a LumaTax Compliance Score, ensuring each one's adherence to the latest tax standards.
Validate Taxing Jurisdictions
To guarantee accuracy, each transaction's taxing jurisdiction is cross-referenced and validated against its address.
Review Prepared Returns
Once analyzed, all returns are systematically prepared. You can then review them to ensure every detail aligns with your expectations.
In-App Tax Amounts & Approvals
Easily determine tax amounts and approve payments directly within the app, simplifying your approval process.
Transmit Returns & Payments
With your go-ahead, both returns and payments are securely transmitted, ensuring timely compliance.
Determine Your Sales Tax Nexus Exposure
LumaTax performs a comprehensive analysis to help you determine where, when, and how you create physical or economic nexus.
Our expert team will then build an action plan to help you meet your tax obligations and avoid risk.
Why Does Nexus Matter?
LumaTax can help. With our automated data analysis and expert review, we'll help you understand your physical and economic nexus exposure and get your sales tax compliance on track.
Economic Nexus Law in Your SUT Advisory Practice
There are more sales tax considerations than ever before
Maximize your time and resources
How SUT Advisory Gets Done
The old way
The LumaTax way
How It Works
Take the Survey
Complete a brief online business profile, and we'll calculate a LumaTax Compliance Score to measure risk.
Securely Upload Data
If your business is at risk, we request transaction history from your sales processing tools (such as Amazon, Shopify, and QuickBooks).
Await Nexus Analysis
Our tools automatically analyze your business profile and transaction history against thousands of state-specific rules and laws.
Take Action
LumaTax will provide a comprehensive, state-by-state nexus analysis report and the best next steps for your business.
At Risk Industries
Merchandisers
Companies that sell tangible goods are in the eye of the storm under the South Dakota v. Wayfair decision. With the advent of omnichannel distribution models, marketplace facilitators, and remote sales, these companies are at the highest risk for exposure.
Manufacturers
The manufacturing sector will often have both wholesale and retail distribution which adds a layer of complexity to determining exposure. Wholesale distribution requires an additional layer of compliance documentation to protect the business.
Software-as-a-Service
In many U.S. jurisdictions, software subscriptions and cloud applications are subject to tax, creating hurdles for technology companies. States are rapidly adapting their laws to tax these segments.
Digital Goods & Services
The digital economy is becoming increasingly challenging for companies as state taxing authorities often apply archaic laws to modern business models, leaving uncertainty in the Interpretation of taxability.
Need to register?
Once we have a clear picture of your business’s exposure following your nexus analysis, our registration module can then initiate the registration process in as many states as necessary in just a few short steps.
What can you expect from the demo?
