LumaTax has received $2 million in financing to build out a comprehensive sales tax solution for small businesses.

The inaugural spin-off from Seattle-based Pioneer Square Labs has built a free exemption certificate mobile app, which, in combination with an online solution, automates filing and paying sales tax. The LumaTax products will be available for both small businesses and accountants, and the plan is to roll out in California first.

Later this quarter, LumaTax will offer California-based small businesses a cloud service to complete and file their sales tax returns. The California business tax return is a nine-page document with 15 pages of instructions, and the LumaTax process is designed to translate this into a shorter online experience.

Currently, LumaTax offers a free mobile app on the Apple AppStore and Google Play for businesses to issue verified tax exemption certificates from mobile devices.

Investors include Madrona Venture Group, Greycroft Partners and angel investors.


Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access