Automate your tax preparation: VAT returns, trade tax, and year-end closing prep fully automated.
Preparing for tax returns and advance filings regularly ties up multiple employees for entire days in many companies. Bank statements need to be reconciled, receipts matched, input tax amounts totaled, and data formatted correctly for the tax advisor or filing portal.
The monthly VAT return alone is a major time sink: all incoming and outgoing invoices must be recorded, tax rates verified, and intra-community deliveries correctly reported. A single error can lead to additional payments, late fees, or a tax audit.
At year-end, the situation intensifies: inventories, provisions, depreciation, and account reconciliations must all happen in parallel. Tax advisors regularly complain about incomplete or incorrectly prepared documents from their clients.
Another critical issue is the lack of transparency regarding ongoing tax optimization opportunities. Many SMBs miss depreciation options, investment deductions, or loss carryforwards because relevant data is scattered across different systems and only consolidated during year-end closing. Research suggests that 67% of SMBs could reduce their effective tax burden by 8-15% if they had better real-time access to financial data throughout the year.
The increasing digitization of tax administration — electronic filing, digital balance sheets, country-by-country reporting — puts pressure on businesses to maintain tax data in machine-readable formats. Companies still relying on manual processes risk not only errors but also missed deadlines with significant late-filing penalties that can reach thousands of dollars annually.
Our workflow automatically collects all tax-relevant data from your systems — invoicing software, bank accounts, POS systems, and receipt archives. Data is grouped by tax rates, input tax deductions calculated, and prepared in a standardized format for your tax advisor or accounting platform.
For VAT returns, the workflow generates a complete monthly draft with all relevant figures. You or your tax advisor only need to review and approve — data collection is completely eliminated.
At year-end, the system automatically creates checklists for open items, reminds you of depreciation deadlines, and aggregates all data for the annual closing. Your tax advisor receives a clean, complete data package — without follow-up questions.
Automatic categorization and pre-posting of all business transactions creates a comprehensive, year-round tax database. The workflow calculates quarterly tax projections and proactively identifies optimization opportunities — such as ideal timing for investments to maximize depreciation benefits or optimal entity structure considerations. Direct integration with electronic filing systems enables automatic submission of VAT returns, reducing processing time from 3-4 hours to just minutes.
Particularly valuable is the automatic assignment of receipts and transactions to tax categories based on current tax law. The system is regularly updated with legislative changes, eliminating the need for manual research into new tax regulations. Tax advisors confirm that pre-processed data requires an average of 60% less correction effort, translating to significant savings on professional fees.
The workflow prepares data and creates drafts — final review and filing is always done by you or your tax advisor. The system doesn't replace tax advice but eliminates the data collection work.
VAT returns, trade tax preparation, input tax deduction calculation, and year-end closing preparation. Payroll tax is covered through the payroll automation workflow.
Yes, the workflow exports data in DATEV format or as a structured PDF. Your tax advisor automatically receives monthly data packages via email or a shared cloud drive.
We analyze your process and show you the concrete savings potential — no strings attached.
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