Taxwire.com’s Post

Taxwire.com reposted this

View profile for Aasim Sani, graphic

Founding Engineer @Taxwire - Sales Tax Solved | Prev. Co-founder Orai, CopyCat | Forbes 30u30 | Techstars 18 | ODF14

No more "Working at Stealth Startup." Super excited to share what we've been working on at Taxwire.com! Common scenarios where Taxwire makes sense for companies: - Companies getting sales tax compliant for the 1st time - Switching from <Insert Legacy Tax Provider> to Taxwire - I have no f*cking clue what I’m supposed to be doing. Pls help. For example, we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month after switching from their original provider.

View profile for Andrew Rea, graphic

Founder @ Taxwire.com

Excited to introduce the company I've been working on for the past ~18 months Taxwire.com. Taxwire solves sales tax compliance for founders, finance, and accounting teams scaling across multiples states and countries. Our customer base spans B2B SaaS companies like Pulley , e-comm brands like Tilit NYC & Italic, retro video games companies like ModRetro, modern media institutions like Pirate Wires, and many other modern and legacy industry businesses alike. We also partner with several accounting firms to solve sales tax for their clients and internal accounting + tax teams. Our products and services help companies: - Understand tax exposure & nexus (in other words wtf you should be doing about sales tax) - Fix messes (e.g. we went from 0 to $10M in revenue and have collected no taxes) - Register - Calculate tax rates (across your billing + payments + commerce stack) - File & pay tax returns Common scenarios where Taxwire makes sense for scaling companies: - Companies getting sales tax compliant for the 1st time - Switching from Insert Legacy Tax Provider to Taxwire - I have no f*cking clue what I’m supposed to be doing. Pls help. For example, we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month post switching from their original provider. --- Why sales tax compliance? Well, global transactions taxes (aka indirect taxes) are a much bigger problem space than most realize. Before the internet, sales tax was a Fortune 500 problem. Walmart has a sales presence in nearly every jurisdiction in the world. Post-internet, we have e-commerce, marketplaces, SaaS, remote work, AI, etc. Every company by default sells across multiple states and/or countries. Regulatory changes in the US and abroad have made collecting and remitting sales tax, VAT, and GST a problem for virtually any company with material revenue in more than one tax jurisdiction, with or without a physical presence. Our goal is to solve indirect tax compliance globally - for every jurisdiction, product, tax filing, and edge case. From initial compliance all the way to defending audits. It's a big, complex problem space. We're just getting started and have much work to do. --- More on what we're building, who we are, where we're going, and why it matters in the full post below. 👇 Happy Monday friends.🫡

Announcing Taxwire.com

Announcing Taxwire.com

Andrew Rea on LinkedIn

and you can finally tell your parents you're not unemployed

Nick Ashburn

Founder, Personawealth | Focused on the psychology of money to support well-being

5d

Excited to see more about this and to follow your journey!

Anthony Nardini

Building community for entrepreneurial job-seekers | ex-Goldman Sachs, On Deck, Contrary

5d

🤩

See more comments

To view or add a comment, sign in

Explore topics