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TaxProof

by TaxModel · Since 2011
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ActiveAvailable globallyCloud
Quick facts
VendorTaxModel
Year launched2011
StatusActive
LocationThe Netherlands Stationsplein 12 5211 AP ‘s-Hertogenbosch
Countries servedGlobal
Languages3
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About TaxProof

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TaxProof by TaxModel stands out as a cloud-based tax practice management software solution designed to simplify the often complex and intricate tax accounting workflows for businesses of all sizes. Aimed at enhancing the effectiveness of tax data management, TaxProof offers a comprehensive suite of tools that streamline data gathering, consolidate tax packs, and automate key processes such as data roll forwards and foreign exchange conversions. One of the most notable strengths of TaxProof lies in its ability to handle tax accounting tasks across various business structures, from small enterprises to large corporations, ensuring scalability and adaptability. This versatility is enhanced by features like customizable tax reporting packs and a robust audit trail, both of which provide businesses with an added layer of transparency, accountability, and control over their tax processes. The user interface of TaxProof is designed with simplicity and ease of use at its core, making it accessible even to users who may not have an advanced background in tax law or accounting.

Pros & Cons

Pros
  • Streamlined Tax Reporting: Simplifies tax workflows for businesses of all sizes, reducing operational costs and risks.
  • Intuitive Features: Includes smart data collection, audit trails, and automation for processes like data roll forwards and FX conversions.
  • Scalable Solutions: Premium and Enterprise plans accommodate diverse business needs with options for unlimited users and reporting units.
  • Error Mitigation: Enforces process consistency and locks positions from prior periods to minimize human error.
  • Integrated Tools: Features APIs and Excel plug-ins for seamless data imports and exports.
  • Comprehensive Support: Provides onboarding, training, and a user-friendly guide for smooth adoption.
  • Global Compatibility: Supports diverse tax reporting needs across various entities and jurisdictions.
Cons
  • Corporate Focus: Primarily targets mid-to-large businesses; may not suit very small enterprises.
  • Dependence on Software: Heavily reliant on integrating with APIs and Excel for full functionality.

Features

Key features

Tax Accounting and Reporting

Designed to simplify tax accounting and reporting processes.

Focus on Harnessing Tax Data

Emphasizes leveraging tax data for strategic insights.

Streamlines Tax Activities

Improves the efficiency of various tax-related tasks.

Enhances Confidence in Data

Aims to increase the reliability of tax information.

Eases Complexity of Tax Accounting Workflows

Simplifies intricate tax accounting processes.

Reduces Operational Costs

Helps lower the expenses associated with tax accounting.

Lowers Risks

Minimizes potential errors and compliance issues.

Funnels and Simplifies Key Steps

Streamlines data gathering, entries, audit trailing, consolidation, and updating.

Focus on Tax Position Analysis

Allows users to concentrate on analyzing the tax situation.

Quick Setup of Tax Provisioning Files

Enables rapid setup for all entities.

Detailed Overview with Automated Consolidation

Provides a comprehensive view with automatic consolidation in group currency.

Tax Reporting Packs Adapted to Entity Complexity

Offers reporting structures tailored to different entity sizes.

Extensive Audit Trail Functionality

Maintains a detailed record of all actions within the system.

Intuitive User Guide

Helps new users onboard and learn the software.

Enforces Process Consistency

Promotes standardized tax accounting procedures.

Reduces Risk of Human Error

Minimizes mistakes through automation and controls.

Continuous Oversight of Status, Users, and Tax Position

Provides real-time visibility at both entity and consolidated levels.

User and Status Management Feature

Controls user access and tracks the progress of tasks.

Additional features

Tax Accounting and Reporting

Designed to simplify tax accounting and reporting processes.

Focus on Harnessing Tax Data

Emphasizes leveraging tax data for strategic insights.

Streamlines Tax Activities

Improves the efficiency of various tax-related tasks.

Enhances Confidence in Data

Aims to increase the reliability of tax information.

Eases Complexity of Tax Accounting Workflows

Simplifies intricate tax accounting processes.

Reduces Operational Costs

Helps lower the expenses associated with tax accounting.

Lowers Risks

Minimizes potential errors and compliance issues.

Funnels and Simplifies Key Steps

Streamlines data gathering, entries, audit trailing, consolidation, and updating.

Focus on Tax Position Analysis

Allows users to concentrate on analyzing the tax situation.

Quick Setup of Tax Provisioning Files

Enables rapid setup for all entities.

Detailed Overview with Automated Consolidation

Provides a comprehensive view with automatic consolidation in group currency.

Tax Reporting Packs Adapted to Entity Complexity

Offers reporting structures tailored to different entity sizes.

Extensive Audit Trail Functionality

Maintains a detailed record of all actions within the system.

Intuitive User Guide

Helps new users onboard and learn the software.

Enforces Process Consistency

Promotes standardized tax accounting procedures.

Reduces Risk of Human Error

Minimizes mistakes through automation and controls.

Continuous Oversight of Status, Users, and Tax Position

Provides real-time visibility at both entity and consolidated levels.

User and Status Management Feature

Controls user access and tracks the progress of tasks.

Automated Data Roll Forwards

Automatically carries forward data from previous periods.

Automated FX Conversions

Automatically converts currencies for consolidation.

Positions from Prior Periods are Locked

Prevents unintentional changes to historical data.

Establishes a Process-Oriented Tax Accounting Practice

Encourages structured workflows across the organization.

Data Import and Export with Smart Excel Plug-ins or APIs

Facilitates seamless data exchange with Excel and other systems.

Knowledge Management

Helps organize and access relevant tax knowledge.

Built-in Communication Between Users

Enables direct communication within the system.

Unlimited Reporting Units (Premium & Enterprise)

Supports an unlimited number of reporting entities.

Unlimited Users (Premium & Enterprise)

Allows access for an unlimited number of users.

Security Essentials (Premium & Enterprise)

Includes fundamental security features.

Standard Support (Premium)

Offers regular support services.

In-tool Training and Onboarding (Premium & Enterprise)

Provides training resources within the software.

Excel Plug-in (Premium & Enterprise)

Enables direct interaction with Excel.

SSO (Single Sign On) (Premium & Enterprise)

Supports secure single sign-on for user authentication.

API (Enterprise)

Offers Application Programming Interface for advanced integration.

Enterprise Control & Security (Enterprise)

Includes enhanced security and control features.

Premium Support (Enterprise)

Provides prioritized support services.

Account Manager (Enterprise)

Offers a dedicated account manager for support.

TaxAcademy Training (Enterprise)

Includes access to TaxAcademy training resources.

Onboarding Reporting Units (Enterprise)

Provides assistance with setting up reporting entities.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
3
Interface languages
8
Billing currencies

Interface languages

EnglishSpanishFrench

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR

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