Pact Tax

API-first platform for automated cannabis tax compliance, calculation, and auto-filing.

by Pact ยท Sales Tax & Indirect Tax

Executive Summary

Pact Tax is an API-first platform specifically designed for cannabis tax compliance. It automates the complex process of calculating various taxes applicable to the cannabis industry, including state excise taxes, state and local sales taxes, and other cannabis business-specific taxes. The platform's core value lies in its ability to streamline tax operations for cannabis businesses, ensuring accuracy and compliance in a highly regulated environment. By offering an API-first approach, Pact Tax enables seamless integration with existing accounting, ERP, or point-of-sale systems, facilitating real-time tax calculations and data exchange. This automation significantly reduces manual effort and the risk of errors associated with cannabis tax reporting. Beyond calculation, Pact Tax also provides auto-filing capabilities, further simplifying the compliance burden for businesses operating in the cannabis sector. This end-to-end solution aims to make tax management efficient and reliable for cannabis enterprises navigating diverse and evolving tax regulations.

Use Cases

  • Automating cannabis excise tax calculations
  • Streamlining state and local sales tax compliance for cannabis products
  • Ensuring accurate calculation and auto-filing of cannabis business taxes
  • Integrating tax compliance into existing cannabis retail/wholesale systems via API
  • Reducing manual effort and errors in cannabis tax reporting

Features

Visibility

  • Real-time Cannabis Tax Liability: Monitor current and historical tax liabilities across all applicable cannabis tax types and jurisdictions.
  • Filing Status Tracking: Track the status of all cannabis tax filings, from preparation to submission, ensuring timely compliance.

Intelligence

  • Automated Cannabis Tax Calculation: Automatically calculates state excise, state/local sales, and cannabis business taxes based on transaction data.
  • Jurisdictional Rule Management: Manages and applies complex and evolving tax rules for various state and local cannabis jurisdictions.

Technical Specifications

Architecture
Cloud-native, API-first architecture designed for scalability and seamless integration with cannabis business systems.
Deployment
SaaS
API Available
Yes

Pricing

Starting Price
Contact sales
Target Customer
SMB,Mid-Market,Enterprise