TaxScouts is an online tax preparation platform that connects users with accredited accountants to efficiently file Self Assessment tax returns within 48 hours. The service simplifies the tax filing process for self-employed individuals, landlords, and high earners by providing a fixed fee of £169, ensuring transparency and eliminating hidden costs.
Funding
$15.5M 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
Filing Self Assessment tax returns can be a complex and time-consuming process, especially for self-employed individuals, landlords, and those with multiple income streams. Many individuals lack the expertise to navigate tax regulations effectively, potentially leading to errors, missed deductions, and penalties.
Solution
TaxScouts offers an online tax preparation service that connects users with accredited accountants to simplify and expedite the filing of Self Assessment tax returns. The platform automates administrative tasks, such as data collection and document uploads, allowing accountants to focus on providing expert advice and preparing accurate returns. Users benefit from a streamlined, user-friendly experience and access to professional support, ensuring compliance and maximizing potential tax savings. TaxScouts aims to eliminate the stress and complexity associated with tax filing by providing a transparent, fixed-fee service with quick turnaround times.
Target Audience
TaxScouts primarily targets self-employed individuals, freelancers, landlords, high earners, and first-time filers who require assistance with their Self Assessment tax returns.
Features
- Online platform for completing and submitting Self Assessment tax returns
- Matching with a UK-based, accredited accountant best suited to the user's tax situation
- Secure document upload and data collection
- Automated expense and income data aggregation from various sources
- Professional review to identify eligible expenses and tax reliefs
- Full tax bill calculation and filing with HMRC
- Support via platform messaging or email
- Optional bookkeeping tools for self-employed businesses, including invoice creation and expense tracking