TaxJar is a technology for eCommerce businesses and developers to manage sales tax. As a fully distributed company, TaxJar was founded to make eCommerce easier for everyone by helping merchants and developers spend less time dealing with sales tax. On April 27, 2021, TaxJar was acquired by Stripe. The terms of the transaction were not disclosed.
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Research containing TaxJar
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CB Insights Intelligence Analysts have mentioned TaxJar in 7 CB Insights research briefs, most recently on Sep 14, 2022.
Expert Collections containing TaxJar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
TaxJar is included in 5 Expert Collections, including Regtech.
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
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Latest TaxJar News
Dec 22, 2022
Digital Payments Firm Stripe Lays Off Employees In July, Stripe went through a 409A valuation process that saw its internal valuation cut by 28 per cent Digital payments platform Stripe has reportedly laid off some of the employees who support TaxJar, a tax compliance startup that it acquired last year. The layoffs -- conducted over the last month -- are related to Stripe's decision to wind down TaxJar-focused go-to-market efforts in late July, citing sources, TechCrunch reported. Sources estimate the number of employees impacted by the workforce reduction is between 45 and 55 folks, at least a portion of whom were invited to take 30 days to apply to internal jobs at Stripe. Stripe bought TaxJar, a provider of a cloud-based suite of tax services, in April 2021 to help its customers "automatically calculate, report and file sales taxes". In July, Stripe went through a 409A valuation process that saw its internal valuation cut by 28 per cent. The company is valued by investors at $95 billion, but the implied new internal share price is around $74 billion. Share this article:
TaxJar Frequently Asked Questions (FAQ)
When was TaxJar founded?
TaxJar was founded in 2013.
Where is TaxJar's headquarters?
TaxJar's headquarters is located at 462 Washington St, Woburn.
What is TaxJar's latest funding round?
TaxJar's latest funding round is Acquired.
How much did TaxJar raise?
TaxJar raised a total of $62.15M.
Who are the investors of TaxJar?
Investors of TaxJar include Stripe, Insight Partners, Rincon Venture Partners, Daher Capital, Harris Barton and 4 more.
Who are TaxJar's competitors?
Competitors of TaxJar include Avalara and 8 more.
Compare TaxJar to Competitors
Avalara (NYSE: AVLR) helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. Avalara's platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 550 pre-built connectors for accounting, ERP, eCommerce, and other business applications, making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns, and manages millions of tax exemption certificates and other compliance documents. Avalara was founded in 2004 and is based in Seattle, Washington.
TaxCloud is the internet’s first (and only) completely free and easy-to-use sales tax management service. TaxCloud empowers retailers of any size to comply with sales tax laws everywhere in the United States. We can provide TaxCloud at no cost to retailers because states pay us a commission based on the sales tax we help retailers collect. TaxCloud is a web service that integrates retailers existing accounting, e-commerce, or payment processing systems. Once configured and activated, merchants do not have to maintain or update the service—they can simply “set it and forget it.” TaxCloud ensures they always collect the correct sales tax for their customers at the time of checkout. In more than half of the states with sales tax, TaxCloud can even automatically report and remit sales tax proceeds, and will even respond to any subsequent audit inquiries - all at no cost to the retailers because we are paid by the states to make sales tax compliance as easy as possible.
Sovos Compliance provides tax compliance solutions and delivers software and outsourced services to manage sales, use, and value-added tax and 1099-form family calculation and filing for customers. The company offers solutions to manage aspects of the tax compliance process, including tax calculation, form completion, and filing to secure funds transferred to state and local revenue departments. It was founded in 2013 and is based in Wilmington, Massachusetts.
Fonoa helps internet companies automate their tax obligations. It reduces their cost of operations and increases compliance. It has developed APIs that aim to help digital companies determine and calculate taxes they should collect on their internet sales. The company was founded in 2019 and is based in Dublin, Ireland.
Anrok is a modern sales tax solution for the Internet era. Built specifically for SaaS businesses, Anrok unifies sales tax monitoring, calculation, and remittance across a business's financial stack.
CaseWare provides cloud-enabled audit, financial reporting, and data analytics solutions for accounting firms, corporations, and governments. Its products include caseware working papers, caseware cloud, caseware audit, caseware financials, and others. The company was founded in 1988 and is based in Toronto, Canada.
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