For analyzing SaaS companies data, we charge $500. We charge an additional $100 per state per month for reporting, filing and remitting sales tax. We cap the monthly payment at $1000 if businesses have to file taxes in more than 5 states. There are no transactions limits for businesses doing under $10 Million in annual revenue.
Once onboarded in the system, companies can use our API to automatically stream all their transactions. One can also upload all your documents on our system in case there are offline sales that aren’t captured on the website. Our turn around time is 1 hour.
Software as a service (SaaS) is a model where software is hosted in one place but licensed by subscription for use by customers. Knowing that SaaS businesses have to protect their bottom line as well as reputation, the risk of being noncompliant is not an option. But just like many other “new” technologies, most states haven’t quite wrapped their hands around whether or not SaaS is taxable in their state. For example, some states consider SaaS a service. So, if services are generally taxable in the state – such as in Arizona – then SaaS is considered taxable. In most states, where services aren’t taxable, SaaS also isn’t taxable. Other states, like Washington, consider SaaS to be an example of tangible software and thus taxable. Just like with anything tax related, each state has made their own rules and laws.
Our first customer was a SaaS company based out of San Francisco. All we need is the zip code of your customers and how much are you charging them and we handle the rest.
Yes, we now can analyze, report and file sales tax for any SaaS company around the world.
Business can cancel the subscription at any point without any penalties.