Stripe

At a glance

Overview: DSTax TaxConnect integrates the source systems below with Thomson Reuters ONESOURCE Indirect Tax Determination. TaxConnect provides a company and its customers a seamless and accurate indirect tax calculation for its ERP or e-commerce solution.

Target Customer: Companies who offer Stripe Payment Processing and Subscriptions for their customer webstore and are conducting business in multiple states and/or countries. In addition to standard sales tax and Canadian GST/PST, TaxConnect can support ONESOURCE’s Value Added Tax content for more than 100 countries.

Cost: Annual pricing model based on specific company requirements. A separate ONESOURCE license needs to be executed with Thomson Reuters. Please contact us and we can discuss pricing and connect you with your Thomson Reuters sales representative.

The opportunity

With most companies offering their customers a webstore to order/purchase their products, and with taxing authorities becoming even more aggressive based on the new Wayfair Economic Nexus decision as to what constitute nexus and who is required to collect/remit sales tax in their jurisdiction, companies need to consider integrating ONESOURCE Determination with their ERP and/or e-commerce platforms. TaxConnect offers this integration and live tax calculation.

Features

TaxConnect key functionality includes:

  • Transfer of customer number, product code, and point of title transfer to ONESOURCE Determination to allow for complex tax calculations for both U.S, Canadian and other countrys’ indirect tax calculations
  • Configurable parameters allowing user-defined communicated values
  • Allocation of shipping and discount charges for the appropriate taxability treatment by state on this “special charges”
  • Utilizes Thomson Reuters’ enhanced webservices integration for OSITD
  • A hosted, cloud deployment to integrate the customers Cloud ERP or e-commerce platform with OSITD Cloud

Differentiators

  • Compatible with all various platforms of these ERP’s and e-Commerce solutions, including Stripe
  • Only Thomson Reuters Verified Integration for these systems
  • Supports unique tax requirements around shipping and other additional charges (i.e. discounts)
  • Experienced implementation team
  • Experienced technical and tax support

Strengths Of TaxConnect

  • Easy to integrate as a standard extension and highly configurable to your specific needs. Integration to OSITD is done through DSTax’s hosted ITBridge
  • Out-of-the-box functionality plus other customizable and configurable items
  • Seamless to the business users or customer shopping experience
  • Thomson Reuters Verified Integration

Qualifying questions

Do you have Stripe Payment Processing and need to:

  • Calculate US sales and/or seller’s use tax, Canadian GST/HST/PST or other country’s Value Added Taxes?

Does your company’s business have any of the following fact patterns:

  • Sell a mix of both products and services?
  • Does your company have multiple locations and economic nexus in multiple jurisdictions?

Resources

Sell sheet
Website
Video demo

Contact

If your customer would like to see specific functionality or has additional questions, contact:

  • Scott Billadeau
  • Principal
  • DSTax, LLC
  • (630) 862-9552
  • scott.billadeau@dstax.com