Starting a new business or growing an existing one is not as easy as it sounds. More importantly, keeping the company up and running involves understanding many business concepts. One of such concepts is Sales Tax. Sales Tax calculation is one of the most problematic elements of running your own business. It is the consumption tax imposed by the government on the sale of goods and services. Conventional sale tax is levied at the point of purchase. It Is collected by the retailer and eventually passed on to the government. In this article, we will look at some of the best online sales tax calculators available on the internet. We will talk about their unique features and what sets them apart from the others in this market. This article aims to educate small and medium business owners about sales tax calculation and find the best for themselves. So scroll down to the list of best sales tax calculators and find the one that suits your needs the most.
TaxJar
TaxJar is a subsidiary of Stripe company. The portal dedicatedly provides you with a combined sales tax for every city and zip code. It also offers to calculate sales tax with product exemptions, sourcing logic, and shipping taxability through its sales tax API, making itself by far the most flexible sales tax calculator available in the market. TaxJar not just lets you calculate your taxes but also spearheads its website and other profiles on platforms to update you about the latest tax compliances, State rates, special taxing district rates, local rates. Products of TaxJar offer a sales tax compliance platform that does all the heavy lifting for you by automating the most tedious tasks involved in sales tax calculations. For example, accurately calculating sales tax rates, classifying products, and managing multi-state filing. Their platforms are built in the cloud with the latest and most upgraded modern architecture, thus delivering high performance, reliability, and flexibility as you, along with your business, scale to higher levels. The credibility and potential of TaxJar can be assessed by the fact that it has been in the market-leading finance tools for years. It has been loved by Wild Askan Company, Curology, Land Rover, Big Cartel, Eventbrite, SHEIN, in addition to the millions of small businesses over the years.
Incfile
What has five stars and over 25,000 personal reviews of business owners and accountants, Incfile, and its sales tax calculation tool? Incfile is one of the most reliable tools available in the market quickly makes its way to the top with cutting-edge technology and instant solutions. Its easy-to-use calculator helps you look up the sales tax rate for your area or any other place you want. All you need to provide is your registration location and total revenue from sales, and you will have your total tax liability within the blink of your eye. Similar to QuickBooks, Incfile also offers to assist businesses in the field beyond just the calculation of sales tax. With Incfile, you get to manage, analyze, and grow your business through a range of high-quality tools that have been custom designed to fulfill the needs of every business owner.
Avalara
Avalara is also one of the most popular sales tax calculators and tax rate lookup tools in the market. It offers to find the exact sales tax levied by the governing body on your products based on your location, zip code, city, and state. With the help of Avalara in your business, you can get information about sales tax and how it impacts your existing business processes. You can also learn about the latest economic nexus laws, industry compliance changes, and so much more with the free yearly Avalara Tax changes report. Stay updated with the newest tax market news by signing up for their newsletter that brings out the best and most authentic news at the tap of your finger without even moving an inch. Avalara is not just another sales tax calculator in the market; it provides solutions to every challenge that occurs in your finances, like the requirement of business to collect sales tax, how sales tax works, and how it is calculated, to name a few. You can also get tabulated data on all the US states’ sales tax rate details.
Taxfyle
Taxfyle is a free, easy-to-use sales tax calculator to keep you and your business organized. Trusted by market legends like Forbes, Fortune, Financial Review, and other big names, Taxfyle is designed to set companies up for success. What’s best about the leading tax calculator website is its adaptability to the ever-changing dynamic space of tax calculation. Different types of Taxes can be assessed and calculated with the help of tools available on the website. With a tax file in your pocket, you know how to structure your finances to make the most of your refund or plan for upcoming tax payments. Taxfyle offers to generate the tax liabilities of Single, Married/ Joint Family, Married/ Filing Separately, Head of Household, and Qualifying Widower. Based on the input, tax bracket, effective tax rate, and the latest standard deductions, Taxfyle provides the lowest liability payable, yielding the most significant tax benefit. The tax calculation and filing have been better, more straightforward, and smarter. Taxfyle takes care of the details, so you don’t have to, and you can now spend less time worrying about taxes. When you join Taxfyle, you are offered to choose to either file for yourself, which is suitable for individuals and small businesses, or outsource tax prep proper for CPA firms.
TRUiC
TRUiC is a website that tells you everything you need to know about starting an LLC. And one of the most critical elements about starting your very own limited liability company is tax filing. With the help of this fantastic internet help book, you can calculate the sales tax rate for any city in the United States. All you need is a zip code and a city name, and you’re good to go. You can also choose to find sales tax on your Points of Sale by providing your total product cost and sales tax applicable to you found by the tool that has already been discussed. What you might find interesting about Sales Tax is that the rates differ depending on the type of the sale. In case you are selling goods or services across state borders, you may not be required to collect sales tax. They also offer a Sales Tax Guide for Small Businesses that helps small businesses, individuals, and CPA firms in various situations. In addition to helping with your tax filing, the website provides everything you need to know about starting your own very own little company like we already mentioned. When you finally turn on the website, you get help with business banking, credit cards, insurance, loans, accounting, grants, financing, and so much more. There are specific guides available with the platform to help you start a business, an LLC, corporation, nonprofit, DBA, and an S-Corp.
QuickBooks
QuickBooks is the most friendly app out there with an easy-on-the-eyes UI and a fast and secure experience. You can also track your expenses, send custom invoices and quotes, connect your bank, check for insights and reports, recurring transactions, track your inventory, projects, and locations, and manage budget, among so many other things offered by the portal. It’d be safe to say that QuickBooks is the complete package. The website has been designed to take care of every need of the marketers and business owners in the fast and dynamic world of financial regulations. The website does not just help you with your taxes and your expenses, and overall business in general. Features such as free mobile apps, reports and dashboards, accountant access, automatic backups, data security, and free unlimited support have made it a household name in tax filing and other finance-related activities of individuals, small firms, and CPA firms. The website is also offering a 50% discount off QuickBooks for three months, and you can also go for a 30-day free trial to get the next-level experience of your very own financial Alfreds to all your tax-filing batman.
AccurateTax
AccurateTax has been doing justice to its name since its inception. The website offers to calculate the correct sales tax rate for you every order. The validated addresses provided by this intelligent platform ensure accuracy and delivery. The reports generated by the team of in-house experts make it easy to file and remit your sales tax returns. Not just that, the website also handles sales tax holidays in every state and provides support for custom tax classes, such as food and apparel. What’s even better is that there are no sign-up fees, no commitment, or contract, which means you can opt out any time you want without any liability. Their goal is to make sales tax calculations affordable for all businesses. The country’s laws do not make compliance easy, but tools available by the website do. The sales tax rate calculator offered by the platform is powered by the same tech as sales tax software. However, the tool is designed to not scrub the addresses against the US Postal services database.
Wave Accounting
Let us start with this- Wave Accounting offers to help you with your taxes and everything money through its 100% Free Accounting software. Yes. It is a hundred, and no underlying charges hide behind the curtains. The website helps you with all your Canadian sales tax calculations. And in addition to helping you with your tax liabilities, the website also offers to grow your business by other tools such as Invoice software and mobile invoicing. Features like Pricing, Recurring Billing, Invoice Templates, and QuickBook alternatives make it easy to run your business.
Summing Up
We understand that the requirements of marketers, business owners, and accountants differ with everything shared and told. We also understand that one solution might not fit everyone. And this is why we request you assess your situation, know what you seek, and choose the websites that work for your best based on the input we have just provided. You may also be interested in the best Payroll Software for Startups to Medium businesses.
