London, England-based Taxually as acquired sales-and-tax vendor LumaTax. The deal enables the VAT software provider to move into the American sales tax market.Taxually said the deal will also enable LumaTax to expand its indirect tax product suite. Terms were not disclosed.
The website of San Diego, Calif.-based LumaTax says the company focuses “on building technology to power sales and use tax advisory services.” The company offers a nexus questionnaire to ascertain the exposure for firms’ clients.
LumaTax says its system normalizes and consolidates uploaded transaction data, offering a summary of information such as transaction totals and tax collected. It enables clients to apply for multistate registrations only line and can prepare and file returns in any state.
