Ravi Patel @ravtheory - Twitter Profile

Excited to introduce the company I've been working on for the past ~18 months https://t.co/U8PeWqoZiZ. Taxwire solves sales tax compliance for founders, finance, and accounting teams scaling across multiples states and countries. Our customer base spans SaaS companies like @Pulley, e-comm brands like @TilitNYC & @Italic, retro video games makers like @modretro, modern media cos like @PirateWires, and many other modern and legacy industry businesses alike. We also partner with several accounting firms to solve sales tax for their clients and internal accounting + tax teams. We can handle both simple and deeply complex businesses. Our products and services help companies: 👇 - Understand tax exposure & nexus – in other words wtf you should be doing about sales tax - Fix messes – clean up messy tax situations (e.g. we went from 0 to $10M in revenue and have collected no taxes) and/or save money on historical tax liabilities (e.g. avoid getting wrecked by penalties from governments for historical taxes) - Register – get and maintain licenses, registrations, and permits required for collecting/remitting taxes - Calculate tax rates – collect taxes accurately across your billing + payments + commerce stack - File & pay tax returns – autofile recurring tax returns & payment remittance Common scenarios where Taxwire makes sense for scaling companies: 👇 - Companies getting sales tax compliant for the 1st time – e.g. you haven’t been collecting sales tax (even though you should) or you just started to cross meaningful revenue thresholds ($1-2M in revenue). - Switching from Insert Legacy Tax Provider – If you’re switching from another tax software / services company, not only can we make the switch easy (e.g. we do the migration heavy lifting + buyout your existing contract), but we can also find + fix previous tax errors, potentially recovering thousands of dollars in overpaid taxes. - I have no f*cking clue what I’m supposed to be doing. Pls help. – We got you. Have helped a bunch of folks figure out a no B.S. take on what they need to be doing with sales tax (if anything). A good example of scenarios 1 and 2 – we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month post switching from their original provider. --- Why sales tax compliance? Well, global transactions taxes (aka indirect taxes as the tax pros call it) are a much bigger problem space than most realize. Before the internet, sales tax was a Fortune 500 problem. Walmart has a sales presence in damn near every jurisdiction in the world. Post-internet, we have e-commerce, marketplaces, SaaS, remote work, AI, etc. Every company by default sells across multiple states and/or countries. Regulatory changes in the US and abroad have made collecting and remitting sales tax, VAT, and GST a problem for virtually any company with material sales in more than one tax jurisdiction, with or without a physical presence. Our goal is to solve indirect tax compliance globally - for every jurisdiction, product, tax filing, and edge case. From initial compliance all the way to defending audits from the gov. It's a big, complex problem space. We're just getting started and have much work to do. If you’ve dealt with or are dealing with sales tax compliance for your business or clients, I’d love to chat and see if we can be helpful. My personal phone number is 513-520-1578. My DMs are open. Or email me at andrew@taxwire. Happy Monday.🫡

andrew__rea's tweet photo. Excited to introduce the company I've been working on for the past ~18 months https://t.co/U8PeWqoZiZ.

Taxwire solves sales tax compliance for founders, finance, and accounting teams scaling across multiples states and countries.

Our customer base spans SaaS companies like @Pulley, e-comm brands like @TilitNYC & @Italic, retro video games makers like @modretro, modern media cos like @PirateWires, and many other modern and legacy industry businesses alike.

We also partner with several accounting firms to solve sales tax for their clients and internal accounting + tax teams.

We can handle both simple and deeply complex businesses.

Our products and services help companies: 👇

- Understand tax exposure & nexus – in other words wtf you should be doing about sales tax
- Fix messes – clean up messy tax situations (e.g. we went from 0 to $10M in revenue and have collected no taxes) and/or save money on historical tax liabilities (e.g. avoid getting wrecked by penalties from governments for historical taxes)
- Register – get and maintain licenses, registrations, and permits required for collecting/remitting taxes
- Calculate tax rates – collect taxes accurately across your billing + payments + commerce stack
- File & pay tax returns – autofile recurring tax returns & payment remittance

Common scenarios where Taxwire makes sense for scaling companies: 👇

- Companies getting sales tax compliant for the 1st time – e.g. you haven’t been collecting sales tax (even though you should) or you just started to cross meaningful revenue thresholds ($1-2M in revenue).
- Switching from Insert Legacy Tax Provider – If you’re switching from another tax software / services company, not only can we make the switch easy (e.g. we do the migration heavy lifting + buyout your existing contract), but we can also find + fix previous tax errors, potentially recovering thousands of dollars in overpaid taxes.
- I have no f*cking clue what I’m supposed to be doing. Pls help. – We got you. Have helped a bunch of folks figure out a no B.S. take on what they need to be doing with sales tax (if anything).

A good example of scenarios 1 and 2 – we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month post switching from their original provider.

---

Why sales tax compliance?

Well, global transactions taxes (aka indirect taxes as the tax pros call it) are a much bigger problem space than most realize.

Before the internet, sales tax was a Fortune 500 problem. Walmart has a sales presence in damn near every jurisdiction in the world.

Post-internet, we have e-commerce, marketplaces, SaaS, remote work, AI, etc. Every company by default sells across multiple states and/or countries.

Regulatory changes in the US and abroad have made collecting and remitting sales tax, VAT, and GST a problem for virtually any company with material sales in more than one tax jurisdiction, with or without a physical presence.

Our goal is to solve indirect tax compliance globally - for every jurisdiction, product, tax filing, and edge case. From initial compliance all the way to defending audits from the gov.

It's a big, complex problem space. We're just getting started and have much work to do.

If you’ve dealt with or are dealing with sales tax compliance for your business or clients, I’d love to chat and see if we can be helpful.

My personal phone number is 513-520-1578. My DMs are open. Or email me at andrew@taxwire.

Happy Monday.🫡

66

428

32

166

117K

1

12

1

0

2K

Ravi Patel

@ravtheory

over 1 year ago

@edgeville @ArchLending has been doing this for a few years no rehype

0

4

0

180

Ravi Patel

@ravtheory

almost 2 years ago

Let’s gooo @dpatel_34 @hhsahay! Excited to see this team continue to up-level financial services in crypto 🚀🚀

Arch @ArchLending

almost 2 years ago

🚀 We’re excited to announce a major milestone — we’ve raised $75M to take crypto-backed lending to the next level! We’re setting a new benchmark for security, trust and concierge customer service for both individuals and institutions in crypto backed lending. This significant raise includes a $5M equity seed round, co-led by @MarkYusko's Morgan Creek Digital and @CastleIslandVC, with participation from @galaxyhq, @BitGo, and more, as well as a scalable $70M loan financing facility. This facility, funded by @galaxyhq, will help us meet the growing demand for crypto-backed loans on our platform — backed by #Bitcoin, #Ethereum, and #Solana. We’re just getting started! 🌐

ArchLending's tweet photo. 🚀 We’re excited to announce a major milestone — we’ve raised $75M to take crypto-backed lending to the next level! We’re setting a new benchmark for security, trust and concierge customer service for both individuals and institutions in crypto backed lending.

This significant raise includes a $5M equity seed round, co-led by @MarkYusko's Morgan Creek Digital and @CastleIslandVC, with participation from @galaxyhq, @BitGo, and more, as well as a scalable $70M loan financing facility. This facility, funded by @galaxyhq, will help us meet the growing demand for crypto-backed loans on our platform — backed by #Bitcoin, #Ethereum, and #Solana.

We’re just getting started! 🌐

41

540

65

248

153K

2

10

0

854

Ravi Patel

@ravtheory

about 2 years ago

@HaileyLennonBTC Big fan of @ArchLending - great user experience and they don’t rehypothecate

0

1

0

150

ravtheory retweeted

Jared Zoneraich

@imjaredz

over 2 years ago

Often find myself going back to this diagram of the prompt engineering lifecycle. ⚡️🌀 LLM iteration is zigzag, not linear. There is no "correct" way. It's all just tinkering. (From a talk at @OpenAI DevDay by @colintjarvis and @john__allard)

imjaredz's tweet photo. Often find myself going back to this diagram of the prompt engineering lifecycle.

⚡️🌀 LLM iteration is zigzag, not linear.

There is no "correct" way. It's all just tinkering.

(From a talk at @OpenAI DevDay by @colintjarvis and @john__allard) https://t.co/La4x3ZjC6d

5

37

8

17

4K

Ravi Patel

@ravtheory

over 2 years ago

@jrichlive @ArchLending - they started with lending but are quickly expanding to full stack wealth management / private banking products cc @dpatel_34

1

4

0

195

ravtheory retweeted

Andrew Rea

@andrew__rea

over 3 years ago

Launched a new project called - "How much do you make? 📈" We'll be interviewing dope people about money & investing First issue with @jusbar23 below https://t.co/lozOWl9Ug9

29

287

45

167

112K

Ravi Patel

@ravtheory

over 3 years ago

@wingvasiksiri Congrats Wing!!

0

1

0

83

ravtheory retweeted

Wing Vasiksiri @wingvasiksiri

over 3 years ago

Thrilled to announce WV, my second solo GP fund to partner with founders building category-defining companies at the earliest possible stages. https://t.co/rLQSipltKq

19

83

10

13

17K

Ravi Patel

@ravtheory

over 3 years ago

Let’s gooo 🚀

Dhruv Patel

@dpatel_34

over 3 years ago

Excited to share more about what we’ve been up to @archlending - lending against alternative asset classes. We’re starting with crypto and expanding to stocks, equity in Pre-IPO private companies and more. Check it out and let me know your thoughts. https://t.co/97jxWSdNph

4

27

2

1

6K

0

7

0

537

ravtheory retweeted

Glowstick @glowstickxyz

over 4 years ago

🛸Glowstick Early Access has arrived!!🛸 We are a storytelling tool that allows you to build 3D environments around your NFT characters and then tell your own original stories using your world (or sections of it) in the background. Check out one of our pilot worlds below!!