The first mobile application that creates an tax return only from pictures (photographed with smartphone) of bills and documents.
Taxbutler is a software solution that is installed as a mobile application on the customers' smartphone. With this app, the customer can create a tax declaration with very little effort: In the current year the customer uses the app and photographs his documents. The photos of the documents are recognized, evaluated and ordered by the software (OCR). An intelligent algorithm generates the tax declaration with the data from the documents. The tax declaration is transferred from the app to the Financial Department. This kind of tax declaration is accepted and preferred by the Financial Department. An additional Elster registration is not necessary.
Taxbutler has successfully completed its Proof of Concept with more than 1,000 tax declarations. The product is available in the app stores of google and Apple for download.
Sound super cool and very(!) usefull.
German tax law makes it likely, that the promised ease of use will be hard to actually achieve.
Plenty: Sounds like a product i would use in my own company.
German tax law is highly complex and problematic. Changes could affect the base of the company/business model.
good problem recognition
quite high prices for a startup - the classic competitors ask the same or even less (Steuerhilfeverein, smartsteuer, etc.)
Don't try to get that much money at the beginning - try scaling up and increase the prices later
going to the B2B-segment as well; doing the Vorsteueranmeldung is a pain-in-the-ass for startups!
Due to high costs it might be hard to acquire enough customers
Interesting concept, low barrier to use the service.
Complexity of taxes, simple solutions will only allow a tiny revenue for the service as people with money will not use this service.
Digitalisation of the tax system will be a big chance for startups.
Ongoing changes in the tax system which are very costly to implement.
- automation and core tech
- annoying problem which a lot of customers know from their own experience
- POC and collected data through manual test
- OCR available as a service
- huge market
- tax forms are standardized which makes it easier for competition to build up tech
- more frameworks available to train algos
- competition in general