Taxo develops taxation software that automates the preparation and filing of taxes for individual taxpayers in Mexico, utilizing features like bulk downloading of CFDIs and automatic tax calculations. This platform enables accountants to efficiently manage client communications and compliance obligations, significantly reducing operational workload by up to 90%.
Funding
$1.2M 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
Mexican accountants managing individual taxpayer clients face significant manual workloads related to downloading CFDIs (Comprobantes Fiscales Digitales por Internet) and calculating taxes, leading to inefficiencies and limiting the number of clients they can serve. Communicating tax obligations and managing client documentation also adds to the operational burden.
Solution
Taxo provides a cloud-based tax automation platform designed for Mexican accountants to streamline tax preparation and filing for individual taxpayers. The platform automates the bulk downloading of CFDIs directly from the SAT (Servicio de Administración Tributaria), automatically calculates taxes considering various income regimes and deductions, and generates customizable notifications for clients regarding their tax obligations. Taxo also offers a client portal where taxpayers can view their tax-related documents and compliance status, enhancing communication and transparency. By automating these processes, Taxo enables accountants to reduce their workload, manage a larger client base, and focus on higher-value advisory services.
Target Audience
Taxo primarily targets Mexican accountants and accounting firms that manage taxes for individual taxpayers, particularly those looking to digitize their practice, increase efficiency, and scale their client base.
Features
- Automated bulk downloading of CFDIs from the SAT via TaxoBot
- Automatic tax calculations for monthly and annual declarations, supporting single and multi-regime taxpayers
- Extraction of "Opinión de Cumplimiento" (Compliance Opinion) and "Constancia de Situación Fiscal" (Tax Situation Certificate) from the SAT
- Client portal for secure access to tax reports, invoices, and document downloads
- Customizable notifications for clients regarding tax obligations and deadlines
- Electronic invoicing (CFDI emission) capabilities for various document types, including invoices 4.0, credit notes, and payroll receipts
- PDF and XML export options for invoices and tax reports