Thinkific Labs Inc. announced the launch of a new, first-of-its-kind automated Sales Tax Solution for Creators. Thinkific will be one of the first platforms globally to deploy the solution which is powered by financial infrastructure platform Stripe and designed to streamline the sales tax process for Creators using Thinkific Payments. Sales taxes have long been a challenge for online Creators.

The complexities of tax rules and obligations associated with tax filing across different states and provinces, coupled with ever-changing regulations, makes ensuring compliance for Creators nearly impossible to do manually. With the new automated tax solution, Thinkific facilitates Creator tax compliance on transactions across the United States and Canada processed through Thinkific Payments, providing a comprehensive tax management system handling tax calculations, collections, and remittances for all sales from customers located in the United States and Canada. In addition to ensuring compliance with tax regulations, the Thinkific Sales Tax Solution allows Creators to earn more on each sale they make, automatically calculating and adding applicable taxes on top of their set product price, so they no longer absorb varying tax costs across jurisdictions.

The automated tax solution is now live for all Thinkific Payments customers and applies to sales in the USA and Canada.