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.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind