Stripe to acquire TaxJar to help online merchants with sales taxes

Stripe on Tuesday said it’s acquiring TaxJar, a provider of sales tax software for internet businesses. The terms of the deal were not disclosed. 

Launched in 2013, TaxJar now has more than 23,000 customers, including major businesses like Microsoft and Coca-Cola. Nearly every US state now collects sales taxes from online merchants. Adding local online sales taxes into the mix, there are more than 11,000 different sales tax jurisdictions in the US alone, Stripe said. 

“For internet businesses, accurately tracking, calculating, reporting, and filing taxes is a large and growing burden,” Stripe noted in its release. “Indeed, one of the top requests from Stripe’s users over the past five years has been for assistance in navigating sales tax.”

Stripe said it plans to make TaxJar a pillar of its “revenue platform,” which also includes Stripe Billing for subscription management, as well as Stripe Radar for fraud and risk management.

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Which Tax Software Is Best for Filing Your Taxes Online?

For the last several years, the competition among personal tax preparation websites for our Editors’ Choice award has resulted in a photo finish. H&R Block has won the award once in recent years, but the top slot has most often gone to TurboTax. That said, both services work hard each year to improve and innovate, and no one should take the winner for granted from year to year—we certainly don’t.

There are so many areas where TurboTax and H&R Block are similar, which is why they both scored 4.5 stars. They’re comprehensive, and they cover all of the tax situations that an individual is likely to need to face. They even allow you to enter the details of complex transactions like investment sales. Both, for example, can handle virtual currency like bitcoin in your taxes. But there are enough differences in TurboTax’s favor that it won the Editors’ Choice distinction

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Most People Will File Income Taxes Online, Despite Data-Breach Fears

Death and taxes: 2020 saw far too much of the former and delays on the latter, but both remain inevitable and nothing to look forward to (unless you’re getting a refund). Doing your income taxes is a chore, even now that so many of us are are filing electronically.

How many? We found out via a survey on tax habits, preferences, and fears conducted along with our sister site, Offers.com. We asked 1,075 tax-filing adults in the US on February 5, 2021 via Alchemer (formerly SurveyGizmo) about how they’ll handle the tax season and their concerns.

Some respondents (18%) filed early, in January. The majority planned to file taxes in February (43%), while 26% would wait until March. The numbers go down to 9% for April, then get very specific: 2% would file on April 14, and 1% on tax day itself, Thursday, April 15. Another 1% said they’d

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9 Free (Or Cheap) Ways To Do Your Taxes Online

The IRS has pushed Tax Day 2020 to July 15th in light of the coronavirus outbreak. This delay now applies to both filing federal returns and federal tax payments, and many states are following suit and extending their tax deadline too.

July 15th might seem like a long time away, but experts are still recommending that you file as soon as possible. Hopefully you’ve already gathered your documents and have decided whether it’s a good idea for you to do your own taxes. Now, you might also might want to start figuring out where you’re going to file this year.

How you choose to file will depend on your particular tax situation. For instance, if you are a full-time employee and only have one W-2 to deal with, the process will likely be more straightforward and you can probably save a lot of money by filing yourself online.

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