Take the guesswork out of determining contingent sales tax liability under ASC 450-20.
LumaTax empowers leading CPA firm audit practices to streamline sales tax nexus issues and produce comprehensive sales tax exposure reports.
The Industry Leading Software used by Auditors for
Identifying Nexus Exposure andContingent Sales Tax Liabilities
Firms that Power their Practice with LumaTax
Find Out How We Help
LumaTax makes it easy to determine nexus, assess risk, and calculate exposure liabilities.
Measure Exposure Risk
Our LumaTax Compliance Score helps you identify your most at-risk clients.
Organized Data and Documents
Upload source system data from Amazon, Shopify, and any other sales channels. No need to consolidate- LumaTax will do it for you.
Automapped System Data
LumaTax will remember your previous configurations or automap for you*.
Automatic Error Detection
LumaTax will validate data and flag missing information or incomplete transactions.
State by State Nexus Analysis
Generate presentation-ready nexus analysis reports to share with your clients.
Manage Client Registrations
Submit multi-state SUT and business license registration requests in minutes.
Generate a Nexus Liability Report in Minutes
It is easier than ever before to quickly and accurately assess contingent tax liabilities under FAS 5 / ASC 450
Many transaction taxes are often overlooked or not considered in their entirety because external auditors have not posed the right questions nor had the sophisticated resources to analyze the reserve properly.
Reduce your team's reliance on cumbersome Excel workbooks with out-of-date lookups and links by introducing LumaTax into your audit workflow.
With the LumaTax Sales Tax Hub™, you can generate an exposure report in minutes that will help you decide whether to "accrue" or "disclose" any liability.
Powerful Features to Ensure your Success
Client Collaboration
Assess Client Risk
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Monitor Thresholds
Tax Liability Reports
Jurisdiction Reports
Register Clients
SOC-2 Type II Secure
Audit Tools
Sales Tax Experts
What accountants and advisors say about LumaTax
Keela Ross
SALT Director, Wipfli
"We needed an easy way to look back on years and years of transactions from different systems to figure out when clients crossed thresholds. LumaTax made that process simple."
Paul Johnson
Vice President, Peisner Johnson
"LumaTax has helped us efficiently provide a solid understanding to our clients where nexus has been established. The reports provided are detailed and full of insight. We believe that all businesses, whether in business for years or are just starting, need to address and understand where they have established nexus. LumaTax provides us an efficient way to help monitor and track where that has occurred."
Will Kinsey
Senior Manager SALT, Frazier & Deeter
"Knowing a client's nexus footprint opens the door to many important, meaningful conversations about their business and flags a lot of areas where we can help. LumaTax helps us get the conversations started."
See all testimonials