Lahari Neelapareddy, CPA’s Post

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Founder & CEO | Sales Tax and Accounting for CPG & Ecom Brands

There is one lawsuit that changed my life. And in case you didn’t notice…It changed yours too. In 2018, the U.S. Supreme Court decided that states should require remote sellers to collect and charge sales tax on sales to in-state consumers regardless if the seller has a physical presence in the consumer's state. As a result, you had to suddenly pay sales tax when buying from places like Amazon, Etsy and even eBay. That was the Wayfair case. A.k.a the lawsuit that changed everything. At the time, I was running my accounting & outsourced CFO firm, LN Accounting Advisor with clients primarily in the e-commerce and CPG spaces. Because of this ruling, we suddenly had a crisis on our hands. I had to learn how to navigate sales tax in literally every single state, and I had to learn it fast. I used a software solution that helped with the accounting, but I was on my own for the rest. The hardest part? Filing and consulting with sales tax professionals. Except I was a tax professional, and I still didn’t have the answers to all of this new law's nuances. My clients were confused, and the softwares available had a major DIY component. There was a gaping hole for entrepreneurs (and their tax professionals) who needed a streamlined SaaS solution and expert sales tax advice paired together. This is why I created TaxHero. I'm proud to support entrepreneurs in managing their sales tax obligations confidently, efficiently, and, most importantly, effortlessly. How about you? What’s your Founder's story? #salestax #salestaxcompliance #salestaxmanagement #founderjourney #accountingstrategy

Matt Acker

Founding Account Executive @ Meow

1mo

Chaos fuels innovation. Way to seize the moment! Lahari Neelapareddy, CPA

Susan DeWoody, Ed.D.

Helping Leaders Elevate Life at Work | President of Strata Leadership, LLC

1mo

Proud of you and your many accomplishments, Lahari Neelapareddy, CPA!

Yvonne Cook, CPA

Skilled Certified Public Accountant (CPA) with Advanced Excel & GAAP Expertise | Eager to Implement Strategic Financial Solutions in Non-Profit Accounting

1mo

That’s impressive!

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