CereTax

CereTax

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Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$36—54m (Dealroom.co estimates Jun 2024.)
Alpharetta Georgia (HQ)

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-12 %
EBITDA00000000
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EV / EBITDA00.0x00.0x
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DateInvestorsAmountRound
investor

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round
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$9.0m

Early VC
Total Funding000k

Recent News about CereTax

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CereTax is a cutting-edge startup that specializes in automating sales tax compliance for complex industries and large enterprises. The company operates in the tax technology market, providing intelligent tax platforms designed to adapt to the ever-changing tax landscape. CereTax's primary clients include large corporations and businesses that face intricate tax challenges due to their size and the complexity of their operations.

The core offering of CereTax is its advanced tax automation platform, which integrates seamlessly with various business systems such as point of sale (POS), billing platforms, enterprise resource planning (ERP) systems, and shopping carts. This integration is facilitated through easy-to-understand and implement APIs (Application Programming Interfaces), which allow businesses to automate their sales tax processes without the need to build custom solutions from scratch.

CereTax's business model revolves around providing software as a service (SaaS). This means that clients subscribe to their platform and pay a recurring fee for its use. The company generates revenue through these subscription fees, which are likely tiered based on the volume of transactions processed or the level of service required.

The company has a rich history, with its founders having co-founded Tax Partners in 1998, which grew to become the largest sales tax compliance firm in the country before being acquired by Thomson Reuters in 2005. The team brings extensive experience from their roles as indirect tax practice leaders for major global organizations, ensuring that CereTax is well-equipped to handle the complexities of modern tax compliance.

CereTax stays ahead of the curve by keeping a close eye on changes in tax laws, rates, and compliance requirements. For example, they are adept at navigating economic nexus laws, which require remote sellers to collect and remit sales tax based on economic activity rather than physical presence. This is particularly relevant in Southeastern states following the South Dakota v. Wayfair Supreme Court ruling.

In summary, CereTax offers a robust, intelligent tax automation platform that simplifies sales tax compliance for large and complex businesses, ensuring they stay compliant with evolving tax regulations.

Keywords: Sales Tax Automation, Complex Industries, Enterprise Solutions, Tax Compliance, SaaS, API Integration, Economic Nexus, Tax Technology, Subscription Model, Indirect Tax.