21.10.2024
TaxTech Weekly: project b., TaxTech News+ & e-invoicing
🇩🇪 TaxTech of the Week: project b.
Still in a somewhat stealthy mode, Munich-based project b. is building a next-gen blue-collar payroll infrastructure – that is, when you believe the description of investor Patric Hellermann. In more official words from their website: project b. is on a mission to unf*ck payroll.
project b. was founded more than a year ago in June 2023, followed by an undisclosed pre-seed funding round in July 2023 from five investors: Fundamental, First Momentum Ventures, Lakestar, Sequoia Scout and QED Investors.
Led by managing directors Aaron Hayos and Stephan Weber, project b. tackles a TaxTech topic that is a bit more unusual than the usual accounting, private income tax or SMBs / SMEs SaaS offerings: payroll.
Payroll is a notoriously complex topic; even within the German tax framework. There a not only a few tax professionals who never deal with doing payroll during their careers and instead stick to the more general work of business and income tax declarations. Sometimes, there are even dedicated teams within a tax advisor office that do all the payroll for all the tax advisor's clients – letting the other teams focus on the tax declaration business.
This is just to show how ambitious the three co-founders Aaron Hayes, Stephan Weber and Rachel Pregun were when they started this project together with Yannik Wojcicki (Engineering) and Niklas Prieß (Product).
They "are a group of experienced founders building the OS to unlock employment financial data. Operating in stealth; but [are] open for business", with integrations to DATEV, ADDISON SBS Lohn, Agenda and GDI Software. GDPR-compliant and ISO 27001-certified.
You can join their waitlist on their website if you can't wait to try it out yourself. In the meantime, you might want to try out their little browser-based game to kill some time and see how wasteful payroll work can be.
If all of this sounds interesting to you, project b. is also hiring in the engineering and design department. Scroll down to learn more!
💜 TaxTech News+
Become a supporter of TaxTech News
Support TaxTech News
Get mentioned as a supporter at the end of every newsletter
🚀 News of the Week
Taxy.io in Handelsblatt about the quality and intelligence of automization in tax (Source)
Blockpit AG publishes the Crypto Tax Report 2024 (Source; Additional reporting: brutkasten)
PwC Germany expands its partnership with Lucanet to strengthen their Tax Compliance & Reporting offerings (Source)
German finance ministry releases final BMF-Schreiben regarding e-invoicing in Germany where first obligations start in 2025 (Source)
Rauva, the one-stop shop for already over 3.000 entrepreneurs gets nominated by WIRED as one of Lisbon’s hottest startups (Source)
REthinking: Tax interviews Enpal's Head of Group Tax Mathias Hildebrandt about digitization in tax law and the role of generative AI (Source)
Delft-based cloud business software for accountants Exact teams up with Rabobank to provide SMEs with pre-financing of invoices (Source)
After raising 10 million US dollars earlier this year, AI-enabled accounting startup Numeric raises an additional 28 million US dollars to build a financial data platform (Source)
London-based financial platform Tide launches in Germany and aims at the self-employed and small businesses. Gründerszene's Alex Hofmann talks with CEO Dr. Oliver Prill (Source)
🎙️ Podcasts / Videos of the Week
Tax Technology Leader André Hengst (EY) talks with Götz Kümmerle for TAXPUNK about technology and data (Source)
Candis' Summen+Salden podcast with Florian Hollfelder and Douglas' Head of Accounting Carina Denker about KI and e-invoicing (Source)
Moss-organized event "Help or Hype: AI in Finance" with AI experts Ahmad Haj Mosa, PhD (PwC) and Nicolas Boucher (AI Finance Club) (Source)
Jakob Steinschaden⚡ (TrendingTopics) talks with notarity CEO Jakobus Schuster about their challenges with the Austrian Chamber of Notaries. Not TaxTech directly, but might spark some thoughts when thinking about the German triangle of tax advisors, software companies and the Chamber of Tax Advisors (Source)
🎩 Jobs of the Week
Senior Backend Engineer @ project b.
Senior Entrepreneur in Residence @ project b.
Senior Fullstack Engineer @ project b.
Senior/Lead UI/UX designer @ project b.
💡 Update
With this week’s newsletter, we celebrate over 200 newsletter subscribers! Thank you very much for your interest and let us know what you want to read more about.
🇩🇪 TaxTech of the Week: project b.
Still in a somewhat stealthy mode, Munich-based project b. is building a next-gen blue-collar payroll infrastructure – that is, when you believe the description of investor Patric Hellermann. In more official words from their website: project b. is on a mission to unf*ck payroll.
project b. was founded more than a year ago in June 2023, followed by an undisclosed pre-seed funding round in July 2023 from five investors: Fundamental, First Momentum Ventures, Lakestar, Sequoia Scout and QED Investors.
Led by managing directors Aaron Hayos and Stephan Weber, project b. tackles a TaxTech topic that is a bit more unusual than the usual accounting, private income tax or SMBs / SMEs SaaS offerings: payroll.
Payroll is a notoriously complex topic; even within the German tax framework. There a not only a few tax professionals who never deal with doing payroll during their careers and instead stick to the more general work of business and income tax declarations. Sometimes, there are even dedicated teams within a tax advisor office that do all the payroll for all the tax advisor's clients – letting the other teams focus on the tax declaration business.
This is just to show how ambitious the three co-founders Aaron Hayes, Stephan Weber and Rachel Pregun were when they started this project together with Yannik Wojcicki (Engineering) and Niklas Prieß (Product).
They "are a group of experienced founders building the OS to unlock employment financial data. Operating in stealth; but [are] open for business", with integrations to DATEV, ADDISON SBS Lohn, Agenda and GDI Software. GDPR-compliant and ISO 27001-certified.
You can join their waitlist on their website if you can't wait to try it out yourself. In the meantime, you might want to try out their little browser-based game to kill some time and see how wasteful payroll work can be.
If all of this sounds interesting to you, project b. is also hiring in the engineering and design department. Scroll down to learn more!
💜 TaxTech News+
Become a supporter of TaxTech News
Support TaxTech News
Get mentioned as a supporter at the end of every newsletter
🚀 News of the Week
Taxy.io in Handelsblatt about the quality and intelligence of automization in tax (Source)
Blockpit AG publishes the Crypto Tax Report 2024 (Source; Additional reporting: brutkasten)
PwC Germany expands its partnership with Lucanet to strengthen their Tax Compliance & Reporting offerings (Source)
German finance ministry releases final BMF-Schreiben regarding e-invoicing in Germany where first obligations start in 2025 (Source)
Rauva, the one-stop shop for already over 3.000 entrepreneurs gets nominated by WIRED as one of Lisbon’s hottest startups (Source)
REthinking: Tax interviews Enpal's Head of Group Tax Mathias Hildebrandt about digitization in tax law and the role of generative AI (Source)
Delft-based cloud business software for accountants Exact teams up with Rabobank to provide SMEs with pre-financing of invoices (Source)
After raising 10 million US dollars earlier this year, AI-enabled accounting startup Numeric raises an additional 28 million US dollars to build a financial data platform (Source)
London-based financial platform Tide launches in Germany and aims at the self-employed and small businesses. Gründerszene's Alex Hofmann talks with CEO Dr. Oliver Prill (Source)
🎙️ Podcasts / Videos of the Week
Tax Technology Leader André Hengst (EY) talks with Götz Kümmerle for TAXPUNK about technology and data (Source)
Candis' Summen+Salden podcast with Florian Hollfelder and Douglas' Head of Accounting Carina Denker about KI and e-invoicing (Source)
Moss-organized event "Help or Hype: AI in Finance" with AI experts Ahmad Haj Mosa, PhD (PwC) and Nicolas Boucher (AI Finance Club) (Source)
Jakob Steinschaden⚡ (TrendingTopics) talks with notarity CEO Jakobus Schuster about their challenges with the Austrian Chamber of Notaries. Not TaxTech directly, but might spark some thoughts when thinking about the German triangle of tax advisors, software companies and the Chamber of Tax Advisors (Source)
🎩 Jobs of the Week
Senior Backend Engineer @ project b.
Senior Entrepreneur in Residence @ project b.
Senior Fullstack Engineer @ project b.
Senior/Lead UI/UX designer @ project b.
💡 Update
With this week’s newsletter, we celebrate over 200 newsletter subscribers! Thank you very much for your interest and let us know what you want to read more about.