"E-commerce tax advice automation by Taxdoo"
In the rapidly evolving world of e-commerce, Taxdoo is leading the charge in transforming tax consulting. Leveraging technology, particularly artificial intelligence (AI), platform thinking, and strong partnerships, Taxdoo is redefining how tax compliance and consulting are handled in the digital marketplace.
At the Taxdoo Innovation Summit 3.0 held in Hamburg, the company underscored the importance of disruption for progress in e-commerce tax consulting. Embracing technological change, particularly AI, is crucial for staying relevant, according to Taxdoo. The company views AI not as a magical fix, but as a powerful tool that relies on quality data to provide smarter, data-driven tax solutions tailored to the specific dynamics of e-commerce.
Taxdoo's vision extends beyond traditional tax services, aiming to create a platform ecosystem that fosters collaboration between tax consultants, e-commerce companies, and technology experts. This platform thinking supports interoperability with various partners and stakeholders, enabling seamless integration of services and enhancing automation and compliance efforts.
Partnerships play a vital role in this collaborative approach, bringing together diverse expertise and resources to innovate tax consulting processes. This collaborative strategy allows Taxdoo to develop comprehensive, scalable solutions capable of handling the complexities of international e-commerce taxation, including VAT compliance and cross-border challenges.
Founded in 2015 with the help of the EXIST startup grant, Taxdoo's goal is to avoid errors and reduce manual processes, particularly in cross-border trade. The company provides software that analyzes transactions, identifies tax liabilities, and generates reports for e-commerce traders.
Taxdoo's role as a technology-driven leader in tax consulting is spearheaded by Roger Gothmann, the founder of the company. Prior to founding Taxdoo, Roger was a tax official but felt stifled in the role. Recognizing the potential of technology to streamline tax consulting processes, he set out to revolutionize the industry.
In addition to his work with Taxdoo, André M. Bajorat, a prominent figure in the German digital economy, plays a significant role in shaping Taxdoo's vision. With experience at SK Online, Star Finanz, giropay, Number Four, figo, Deutsche Bank, and a German asset manager, Bajorat brings a wealth of knowledge to the table. He has served as CEO of figo, transforming the company from a B2C app to a BaFin-regulated Banking as a Service provider.
Bajorat is also a member of the Digital Finance Forum of the Federal Ministry of Finance, Bitkom, and an internationally sought-after speaker. He is the co-initiator and organizer of the "Fintech of the Year" award and the event series Bankathon, Payment Exchange, Banking Exchange, and Transactions.io. In addition, he is the founder and publisher of an industry portal, a podcaster, and an investor in various fintech companies.
Bajorat's areas of focus include banking, payment, fintech, API banking, digital assets, and crypto. He has written a book titled "Heads of the Digital Financial World."
The market for tax consulting is changing, with more automation, less case-by-case handling, and stronger centralization around scalable platforms expected. Collaboration between Taxdoo and tax consultants aims to improve efficiency and better serve clients.
Taxdoo's revolutionary approach to tax consulting for e-commerce rests on harnessing AI to optimize tax data processing and compliance accuracy, adopting a platform mindset to facilitate collaboration, integration, and scalability, and building strategic partnerships to expand capabilities and deliver innovative, user-centric tax solutions for the global e-commerce community. This positions Taxdoo as a technology-driven leader focused on making tax consulting more efficient, transparent, and adaptive to the evolving needs of online traders.
[1] Taxdoo (2023). Taxdoo Innovation Summit 3.0: Disrupting E-commerce Tax Consulting. Retrieved from https://www.taxdoo.com/en/innovation-summit-3-0/
- In the financial industry, Taxdoo is leading the way by leveraging AI and platform thinking to transform e-commerce tax consulting and finance, ensuring smarter, data-driven solutions for businesses.
- To enhance its capabilities and deliver innovative tax solutions, Taxdoo, a fintech company, fosters collaborations with various stakeholders, including tax consultants, e-commerce companies, and technology experts, focusing on a user-centric approach for the global e-commerce community.
