internet sales tax

Stripe acquires TaxJar, plans to build tax automation solutions

Stripe acquires TaxJar

Global payments company Stripe is adding a new tool to its solutions for online customers – tax preparation services.

Stripe will acquire TaxJar for an undisclosed sum. The transaction is expected to close pending regulatory approvals, the company said in a statement Wednesday.

TaxJar provides sales tax automation software for internet businesses.

Founded in 2013 by Mark Faggiano, Ryan Thompson and Matt Anderson, TaxJar employs approximately 200 people. Stripe said TaxJar customers can continue to...

https://s29755.pcdn.co/news/stripe-acquires-taxjar-plans-to-build-tax-automation-solutions

Florida to require e-commerce sellers to collect sales tax

E-commerce companies selling products to Florida residents in the state will have to collect a 6% sales tax starting July 1. Gov. Ron DeSantis signed the bill into law earlier this week.

The new tax is expected to raise $1 billion in new revenue. Republicans plan to use the revenue generated to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses that would have been needed to maintain the solvency of the fund.

The Florida Chamber of Commerce said without...

https://s29755.pcdn.co/news/florida-to-require-e-commerce-sellers-to-collect-sales-tax