Taxdoo is an automated financial compliance platform that consolidates transaction data from various e-commerce marketplaces and systems to provide accurate sales tax assessments and EU-wide reporting. By automating bookkeeping and tax obligations, it reduces manual effort by up to 80%, ensuring timely compliance and improved data quality for online retailers.
Funding
$84.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
E-commerce businesses face significant challenges in managing financial compliance due to fragmented transaction data across multiple marketplaces, shop systems, and payment providers. This complexity leads to time-consuming manual processes, increased risk of errors, and difficulties in ensuring accurate sales tax assessments and EU-wide reporting.
Solution
Taxdoo is a financial compliance platform that automates bookkeeping and VAT obligations for online retailers. The platform consolidates transaction data from e-commerce platforms, payment providers, and ERP systems, providing a single source of truth for financial data. Taxdoo automatically evaluates sales data for VAT compliance, taking into account EU-wide tax regulations, thresholds, and the One-Stop-Shop (OSS) procedure. It also prepares data for financial accounting, offering DATEV-compatible exports and a bookkeeping data service.
Target Audience
Taxdoo is designed for online retailers selling through multiple channels in the EU and UK, as well as tax advisors and accounting firms that serve e-commerce businesses.
Features
- Automated transaction data collection from popular e-commerce platforms like Amazon, eBay, Shopify, and ERP systems such as JTL, PlentyMarkets, and Billbee
- Automated VAT assessment considering EU-wide tax rates, thresholds, and regulations
- Support for the One-Stop-Shop (OSS) procedure, simplifying VAT reporting across the EU
- DATEV-compatible exports for seamless data transfer to financial accounting systems
- Customer dashboard providing a transparent overview of all transactions and VAT-related data
- Add-ons for OSS export, DATEV export, local VAT filings, pro-forma invoices, and Intrastat reporting
- API for custom integrations, enabling connection to any system