Norman AI provides an AI-powered co-pilot that automates income tax, VAT, and trade tax declarations for freelancers and self-employed individuals in Germany. By streamlining invoicing and expense management, it reduces the time spent on accounting tasks and maximizes tax deductions without the need for a tax advisor.
Funding
Funding not disclosed
Founders
Product
Problem
Freelancers and self-employed individuals in Germany often spend significant time and effort on complex tax declarations, including income tax, VAT, and trade tax. Managing invoices, tracking expenses, and staying compliant with German tax law can be challenging and time-consuming, potentially leading to errors and missed deductions.
Solution
Norman AI offers an AI-powered platform designed to automate tax declarations and streamline financial management for freelancers and self-employed individuals in Germany. The platform simplifies invoicing, automates expense tracking, and maximizes tax deductions, reducing the need for a tax advisor. By leveraging AI, Norman automatically categorizes transactions, extracts relevant information from receipts, and identifies potential tax write-offs, ensuring compliance with German tax regulations. Users can directly submit tax returns to the Finanzamt, track payment statuses, and monitor their tax burden in real-time.
Target Audience
The primary target audience includes freelancers, self-employed individuals (Freiberufler), and small business owners (Gewerbetreibende) in Germany, including designers, developers, consultants, photographers, and other independent professionals.
Features
- AI-driven automation of income tax, VAT, and trade tax declarations
- Automated invoice creation and management with payment tracking
- Bank synchronization for automatic transaction import and categorization
- Receipt auto-matching using AI to link expenses with transactions
- Real-time tax burden monitoring and deadline alerts
- AI-powered identification of potential tax deductions and personalized savings tips
- Direct tax return submission to the Finanzamt via the Elster interface
- Compliant e-invoicing according to German standards