Calculating tax for your business can be a headache especially when dealing with online sales. Taxcloud offers tailor-made pricing options for your business with affordable filing and remittance services.
Whether you operate a startup or an established business, TaxCloud has a special package for you. Let’s analyze its pricing to see which package best suits your needs. Read on to learn more.
TaxCloud’s Basic Pricing Model
TaxCloud’s pricing model comprises a simple plan that works seamlessly with any business. It’s designed to offer free and premium services, ensuring that both established and start-ups businesses can chip in.
Core Free Features
If you’re running a small business with operations within one state, the free TaxCloud package is your go-to option. Besides letting you file sales tax effortlessly, the free package helps you manage your Nexus without needing an extra pair of hands.
Even better, you can utilize this package for unlimited duration and enjoy the premium services in the first 30 days.
Pay-As-You-Go Structure
For businesses running operations in several states, the premium option lets you do the interstate tax filling effortlessly. Now, you can enjoy the premium services without an active subscription, which is why we recommend you take the pay-as-you-go option.
You’ll only pay $45 per filling, which will be billed on the next invoice after each filling submission to the jurisdiction.
Additional Service Costs
Besides enjoying the customer-centric pricing model, you may also want to try out other premium features to enhance your experience. Note that going for high-end services will attract additional costs, but that’s not enough to sideline what you’ll get in return.
Premium Features
The premium package requires you to pay monthly subscriptions of $79 to enjoy unlimited basic integrations. This package is your ideal option if you’re looking to do several fillings because it comes with a maximum 200 orders.
It also incorporates nationwide filling and audit support, as well as real-time tax calculations with address verification.
Volume-Based Pricing
The volume-based pricing is a premium feature that TaxCloud uses to offer loyal clients amazing discounts. If you normally file a high number of tax returns, the volume-based pricing intends to help you save the cost of completing those tasks.
The volume-based pricing targets businesses with high-volume filling to give them discounts in subsequent tiers. For example, if you file 15 orders or more orders, you’ll pay $29 per return, which is lower than the fixed $30. Similarly, you get a 16% discount when you opt for the annual subscription.
Cost Comparison with Competitors
Close competitors for TaxCloud include the Avalara and Taxjar, and their pricing and features are nothing close to what you get in the TaxCloud. According to user reviews, TaxCloud offers all the essential functions available on its competitors.
The catch, TaxCloud pricing is way friendly compared to the likes of Avalara. While TaxCloud offers you the free version, Avalara requires you to pay $349 to have your business registered in one location. That’s way more expensive than the $79 premium subscription at TaxCloud.
Hidden Costs and Considerations
One notable consideration at TaxCloud is your volume of fillings, whereby the cost reduces with the increase in the number of orders you take. Additionally, TaxCloud is a reputable business with a clear pricing model outlined in its website.
As such, you don’t have to worry about hidden costs after catering to the expenses of your required services. However, there are some costs that may not easily catch your eye such as:
- Remittance fees required by some states during tax filing.
- Transaction charges that change based on the size of your business and sales volume.
- API integration and development costs.
- Penalties that may arise when you miss tax filing deadlines.
Cost Optimization Strategies
Optimizing cost will enable you to cut down tax filing costs and maximize profits to other developments. You can effortlessly optimize TaxCloud expenses by:
- Limiting feature upgrades by going for plans with features you truly need.
- Leveraging free states with Streamlined Sales Tax (SST) to avoid remittance costs.
- Keep off penalties by ensuring all data uploaded to TaxCloud is accurate and consistent.
Making the Decision
To determine whether TaxCloud is the right fit for your business, it’s imperative you compare its costs to the benefits.
Cost-Benefit Analysis
For starters, there’s no reason to worry because you can test TaxCloud with its free feature. After confirming its impact on your business, you may want to upgrade to a paid version, which in that case will cost you some cash, but come with added benefits.
You can start with the starter package for $199/yearly and enjoy return-ready sales tax returns for all states, remittance and filing at $39/month, audit support for $99/month, 1,200 orders, and email support.
Even better, try the premium feature at $799/annually for more benefits, including:
- Unlimited integration with real-time calculation
- TaxCloud API access
- SST discounts
- Phone, email, and live chat support
- 2,400 orders
Evaluation Checklist
If you operate in a non-SST state, you’ll have additional filing and remittance fees. Similarly, the transaction expenses will accumulate in a business with high sales, and in case you need to hire a developer to integrate TaxCloud into your business.
As such, you’re fit to go if your business is smaller and operating in the SST states.
For larger businesses, TaxCloud offers you more benefits to offload the burden of extra costs on transactions.
The more frequently you file, the lesser the charges per order get, saving you significant balances you can spend on your business.
Conclusion
TaxCloud offers a seamless way to calculate your tax and comply without sweating it. Opt for a package that suits your business needs from the Free version to premium package to start enjoying these benefits today.