05.11.2023
Value Added Tech | Newsletter #004
Value Added Tech
Your fortnightly TaxTech newsletter
Hi Subscriber First Name 👋🏻,
happy Sunday and a warm welcome to the fourth edition of Value Added Tech 😊
The past two weeks we have had a look at the status of eInvoicing throughout the European Union. We came up with a small Cheat Sheet, which you can find in our article Current status of B2B eInvoicing in the largest economies of the European Union - see below.
Furthermore, we have linked you our three most interesting articles from October 2023, covering Prompt Engineering, US-based startup WorkMade and Austrian Taxefy.
With our new column Reduced News, we give you bite-sized information about current happenings in the TaxTech sector. This Sunday, we cover UK's HM Revenue and Customs, Dutch xxllnc and Sage's cooperation with ePages.
Your Weekly Dose points you to five articles. One from 2022 is covering how to maintain a tax engine, while another one dives into the future of VAT advising. AI keeps to be the overall topic. Enjoy!
Beyond Germany this week covers UK-based and US-based tax startups.
Looking for TaxTech Jobs? Have a look at the very end of this newsletter or jump directly to our Jobs page to get the full overview.
Thank you for subscribing! This is for you, so if you happen to have any feedback, suggestions or something you want to read more about, please let us know here. Furthermore, if you find pleasure in reading this newsletter, we would appreciate any recommendations to your TaxTech friends.
Thank you & enjoy 💜
TaxTech News
THU, NOV 02
German Taxdoo expands from VAT to bookkeeping
DENNIS WELLER
Founded in 2016 by Roger Gothmann, Dr. Christian Königheim and Dr. Matthias Allmendinger, Taxdoo set out to make VAT compliance for eCommerce easy - and succeeded. Now, a few years later, Taxdoo annou
WED, OCT 25
Current status of B2B eInvoicing in the largest economies of the European Union
2024 to 2028 were supposed to be the years of the VAT in the Digital Age (ViDA) reforms, but with individual Member States already facing implementation delays, the delay in the general introduction
SUN, OCT 22
Tax Prompt Engineer - The job of the future?
A Tax Prompt Engineer could be someone who knows the software landscape of LLM tools - the ones that are ready to use: no-code and low-code tools. Obviously something like ChatGPT, but there are many
SUN, OCT 15
US tax startup WorkMade launches with $7.5 million in funding
Founded in 2022, WorkMade (🇺🇸) is one of the latest tax startups worth looking at …
WED, OCT 11
Austrian Taxfix equivalent Taxefy finds itself in uncertainty over technical details
Founded in 2021, Taxefy set out to fill the void of the private tax market in Austria. The void was left there by German Taxfix which went to other big markets in Europe - alongside to their first
Reduced News
HMRC launches £1m tech project to explore splitting out VAT in real tim (🇬🇧) | PublicTechnology.net
Amsterdam’s xxllnc acquires Dutch tax software company Processfive: Know more (🇳🇱) | Silicon Canals
Sage and ePages with partnership (🇩🇪) | Startbase
Your Weekly Dose
October 23rd, 2023
Karsten Zunke
Digital tax firm: The transformation continues (🇩🇪)
🤖 The F&S tax consultancy in Berlin has transitioned to entirely digital operations, requiring both new and existing clients to engage through digital means. Furat Al-Obaidi, the owner, explains that this shift has enhanced work quality, reduced errors, and made the firm more attractive to new talents who prefer innovative, technology-driven environments. By adopting digital processes and a centralized platform for client interactions, the firm has streamlined tasks such as onboarding, document exchange, and internal operations, paving the way for further automation and AI integration in financial and payroll processes
October 18th, 2023
Jan Dobinsky
The use of Microsoft Copilot in everyday law firm life (🇩🇪)
📰 This guide provides a comprehensive overview of the many current and future applications of Microsoft's AI tool Copilot for lawyers and tax advisors.
October 17th, 2023
Niels Wenting
The Future of VAT Advising: Can AI Take the Wheel? (🇬🇧)
🧑🏻💻 Niels describes the six levels of automation for VAT advising - analog to the autonomous driving scale and updates us on the status quo
June 21st, 2023
Russel Gammon
Why AI is the perfect partner for tax professionals (🇬🇧)
🤖 The article discusses the transformative impact of generative AI on the tax industry, suggesting it acts as a powerful tool for data processing and analysis, enhancing productivity and efficiency, while changing the nature of tax professionals' work, necessitating a shift towards strategic and complex tasks, and advocating for a balanced integration of AI with human expertise for future industry advancement
April 17th, 2022
Rahul Sharma
How To Maintain A Tax Engine (🇺🇸)
🤖 This article explores the critical maintenance practices for tax engines, software applications essential for calculating transaction taxes in line with global regulations. It discusses the importance of regular updates due to changing tax laws, the need for stringent user access controls, and the role of IT infrastructure in ensuring system integrity and compliance. The piece underscores the necessity for structured processes to manage tax data, assess post-update impacts, and synchronize configurations across teams
Beyond Germany
This week's Beyond Germany offers a glimpse at TraderFyles (🇺🇸), Tax on Demand (🇬🇧), Adsum (🇬🇧) and Keeper Tax (🇺🇸):
TraderFyles trader tax reporting software is pioneering excellence in capital gains reporting and automation for traders and tax professionals
For those of you who know all 21,000 pages of the UK tax code, this may not be for you. For everyone else, there’s always the nagging doubt “what have I missed”. Powered by AI, we leverage expert logic and powerful decision engines to identify the tax advice your clients need, in seconds
We sort your VAT refunds and tax credits so you get refunded instantly, without waiting for HMRC
Keeper is tax filing built for modern life: AI-powered write-off detection, round-the-clock access to tax experts, and delightfully smart tax filing that makes it all seamless
TaxTech Jobs
The full overview of our European job board with over 40 jobs in the TaxTech sector is available here:
The End
That is all we have for you on this Sunday. We strive to inform you in the best way possible. Please send any feedback - the good, bad and the ugly - directly to us by using our contact page. It is much appreciated and we aim to improve day by day.
We also set up a LinkedIn page where you can follow our daily news directly in your feed.
You can expect the next Value Added Tech newsletter with more news about the German and European TaxTech sector on November 19th, 2023.
Made with 💜 in Berlin
Note: Despite careful preparation, we are not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources.
Value Added Tech
Your fortnightly TaxTech newsletter
Hi Subscriber First Name 👋🏻,
happy Sunday and a warm welcome to the fourth edition of Value Added Tech 😊
The past two weeks we have had a look at the status of eInvoicing throughout the European Union. We came up with a small Cheat Sheet, which you can find in our article Current status of B2B eInvoicing in the largest economies of the European Union - see below.
Furthermore, we have linked you our three most interesting articles from October 2023, covering Prompt Engineering, US-based startup WorkMade and Austrian Taxefy.
With our new column Reduced News, we give you bite-sized information about current happenings in the TaxTech sector. This Sunday, we cover UK's HM Revenue and Customs, Dutch xxllnc and Sage's cooperation with ePages.
Your Weekly Dose points you to five articles. One from 2022 is covering how to maintain a tax engine, while another one dives into the future of VAT advising. AI keeps to be the overall topic. Enjoy!
Beyond Germany this week covers UK-based and US-based tax startups.
Looking for TaxTech Jobs? Have a look at the very end of this newsletter or jump directly to our Jobs page to get the full overview.
Thank you for subscribing! This is for you, so if you happen to have any feedback, suggestions or something you want to read more about, please let us know here. Furthermore, if you find pleasure in reading this newsletter, we would appreciate any recommendations to your TaxTech friends.
Thank you & enjoy 💜
TaxTech News
THU, NOV 02
German Taxdoo expands from VAT to bookkeeping
DENNIS WELLER
Founded in 2016 by Roger Gothmann, Dr. Christian Königheim and Dr. Matthias Allmendinger, Taxdoo set out to make VAT compliance for eCommerce easy - and succeeded. Now, a few years later, Taxdoo annou
WED, OCT 25
Current status of B2B eInvoicing in the largest economies of the European Union
2024 to 2028 were supposed to be the years of the VAT in the Digital Age (ViDA) reforms, but with individual Member States already facing implementation delays, the delay in the general introduction
SUN, OCT 22
Tax Prompt Engineer - The job of the future?
A Tax Prompt Engineer could be someone who knows the software landscape of LLM tools - the ones that are ready to use: no-code and low-code tools. Obviously something like ChatGPT, but there are many
SUN, OCT 15
US tax startup WorkMade launches with $7.5 million in funding
Founded in 2022, WorkMade (🇺🇸) is one of the latest tax startups worth looking at …
WED, OCT 11
Austrian Taxfix equivalent Taxefy finds itself in uncertainty over technical details
Founded in 2021, Taxefy set out to fill the void of the private tax market in Austria. The void was left there by German Taxfix which went to other big markets in Europe - alongside to their first
Reduced News
HMRC launches £1m tech project to explore splitting out VAT in real tim (🇬🇧) | PublicTechnology.net
Amsterdam’s xxllnc acquires Dutch tax software company Processfive: Know more (🇳🇱) | Silicon Canals
Sage and ePages with partnership (🇩🇪) | Startbase
Your Weekly Dose
October 23rd, 2023
Karsten Zunke
Digital tax firm: The transformation continues (🇩🇪)
🤖 The F&S tax consultancy in Berlin has transitioned to entirely digital operations, requiring both new and existing clients to engage through digital means. Furat Al-Obaidi, the owner, explains that this shift has enhanced work quality, reduced errors, and made the firm more attractive to new talents who prefer innovative, technology-driven environments. By adopting digital processes and a centralized platform for client interactions, the firm has streamlined tasks such as onboarding, document exchange, and internal operations, paving the way for further automation and AI integration in financial and payroll processes
October 18th, 2023
Jan Dobinsky
The use of Microsoft Copilot in everyday law firm life (🇩🇪)
📰 This guide provides a comprehensive overview of the many current and future applications of Microsoft's AI tool Copilot for lawyers and tax advisors.
October 17th, 2023
Niels Wenting
The Future of VAT Advising: Can AI Take the Wheel? (🇬🇧)
🧑🏻💻 Niels describes the six levels of automation for VAT advising - analog to the autonomous driving scale and updates us on the status quo
June 21st, 2023
Russel Gammon
Why AI is the perfect partner for tax professionals (🇬🇧)
🤖 The article discusses the transformative impact of generative AI on the tax industry, suggesting it acts as a powerful tool for data processing and analysis, enhancing productivity and efficiency, while changing the nature of tax professionals' work, necessitating a shift towards strategic and complex tasks, and advocating for a balanced integration of AI with human expertise for future industry advancement
April 17th, 2022
Rahul Sharma
How To Maintain A Tax Engine (🇺🇸)
🤖 This article explores the critical maintenance practices for tax engines, software applications essential for calculating transaction taxes in line with global regulations. It discusses the importance of regular updates due to changing tax laws, the need for stringent user access controls, and the role of IT infrastructure in ensuring system integrity and compliance. The piece underscores the necessity for structured processes to manage tax data, assess post-update impacts, and synchronize configurations across teams
Beyond Germany
This week's Beyond Germany offers a glimpse at TraderFyles (🇺🇸), Tax on Demand (🇬🇧), Adsum (🇬🇧) and Keeper Tax (🇺🇸):
TraderFyles trader tax reporting software is pioneering excellence in capital gains reporting and automation for traders and tax professionals
For those of you who know all 21,000 pages of the UK tax code, this may not be for you. For everyone else, there’s always the nagging doubt “what have I missed”. Powered by AI, we leverage expert logic and powerful decision engines to identify the tax advice your clients need, in seconds
We sort your VAT refunds and tax credits so you get refunded instantly, without waiting for HMRC
Keeper is tax filing built for modern life: AI-powered write-off detection, round-the-clock access to tax experts, and delightfully smart tax filing that makes it all seamless
TaxTech Jobs
The full overview of our European job board with over 40 jobs in the TaxTech sector is available here:
The End
That is all we have for you on this Sunday. We strive to inform you in the best way possible. Please send any feedback - the good, bad and the ugly - directly to us by using our contact page. It is much appreciated and we aim to improve day by day.
We also set up a LinkedIn page where you can follow our daily news directly in your feed.
You can expect the next Value Added Tech newsletter with more news about the German and European TaxTech sector on November 19th, 2023.
Made with 💜 in Berlin
Note: Despite careful preparation, we are not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources.