This Tool Helps Tax Professionals Ensure Organization & Compliance
Rahul Kalvapalle — June 14, 2023 — Business
References: innovatetax & pressat
Innovate Tax, a United Kingdom company that offers reliable technology to help businesses maintain tax compliance, recently launched a high-tech tax tool that helps tax professionals more easily validate VAT (value added tax) numbers whilst maintaining a clean trail of data changes, allowing for better organization and compliance.
The 'LimeLyte Entity Manager' tax tool benefits from connections with international tax authorities including those of the European Union, U.K. and Australia, allowing for VAT and other data to be validated in rapid time, therefore freeing up tax experts to focus their energies on other projects.
This particular tax tool is available under two different plans which include a 'Complete Plan' priced in at 395 euros, or around $426, which includes as many as 10,000 monthly validation requests and 25 user accounts.
“We believe the arrival of LimeLyte Entity Manager is a cornerstone for the tax technology market and will revolutionize the way data is managed by tax teams across the world – at exactly the time in history that the requirements for finance professionals to scrutinize and submit data are growing exponentially," stated Andrew Bohnet, head of product development at Innovate Tax.
Image Credit: Innovate Tax
The 'LimeLyte Entity Manager' tax tool benefits from connections with international tax authorities including those of the European Union, U.K. and Australia, allowing for VAT and other data to be validated in rapid time, therefore freeing up tax experts to focus their energies on other projects.
This particular tax tool is available under two different plans which include a 'Complete Plan' priced in at 395 euros, or around $426, which includes as many as 10,000 monthly validation requests and 25 user accounts.
“We believe the arrival of LimeLyte Entity Manager is a cornerstone for the tax technology market and will revolutionize the way data is managed by tax teams across the world – at exactly the time in history that the requirements for finance professionals to scrutinize and submit data are growing exponentially," stated Andrew Bohnet, head of product development at Innovate Tax.
Image Credit: Innovate Tax
Trend Themes
1. High-tech Tax Tools - The development and launch of the 'LimeLyte Entity Manager' tax tool provides tax professionals with a high-tech solution for validating VAT numbers and maintaining data organization.
2. International Tax Connections - The tool's connections with international tax authorities enable rapid validation of VAT and other data, presenting an opportunity for tax professionals to efficiently manage cross-border tax compliance.
3. Data Management Revolution - The LimeLyte Entity Manager is set to revolutionize data management for tax teams worldwide, offering a streamlined approach to data scrutiny and submission in the face of increasing requirements.
Industry Implications
1. Tax Technology - The launch of the LimeLyte Entity Manager highlights the growing potential within the tax technology market to provide innovative solutions for tax professionals.
2. Finance - The evolving requirements for finance professionals to scrutinize and submit data present an opportunity for disruptive innovation in data management tools, such as the LimeLyte Entity Manager.
3. Compliance Solutions - Innovate Tax's high-tech tax tool addresses the need for improved organization and compliance, creating opportunities for companies operating in the compliance solutions industry.
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