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Innovate Tax Launches High-Tech Tax Tool for Better Organization and Compliance
Innovate Tax, a United Kingdom company, has launched a high-tech tax tool designed to help businesses ensure tax compliance. The newly released tool, called LimeLyte Entity Manager, is an excellent tool for tax professionals to validate value-added tax (VAT) numbers while maintaining a clean trail of data changes, thus allowing for better organization and compliance. According to its developers, the LimeLyte Entity Manager is an innovative solution to improve data management in the rapidly growing tax sector. The tool boasts impressive global connectivity, allowing businesses access to tax authorities from the European Union, Australia, and the UK.
Overview of the Innovative Tax Tool
Innovate Tax’s LimeLyte Entity Manager is a cloud-based software that can help businesses efficiently manage VAT registrations and validate VAT numbers across different regions worldwide. Tax authorities require businesses to complete and submit their VAT registration numbers to receive their VAT returns. Still, this process can be cumbersome, often leading to data errors and duplication. With LimeLyte Entity Manager, tax professionals can now efficiently validate VAT numbers to ensure compliance.
LimeLyte Entity Manager’s Benefits
The tool saves tax professionals time on manual data entry by validating VAT numbers in real-time, ensuring that the data is accurate and conforms to tax authority rules. The tool is designed to allow multiple users to access and edit the data, while its audit feature ensures consistency and provides a clean trail of change history. Moreover, the LimeLyte Entity Manager requires minimal training, is user-friendly, and accessible from different devices, including desktop and mobile devices.
LimeLyte Entity Manager Plans
The LimeLyte Entity Manager is available in two plans, the Complete Plan and the Premium Plan, both designed for different business needs. The Complete Plan, which costs 395 euros or roughly $426, includes as many as 10,000 monthly validation requests and 25 user accounts. The Premium Plan, on the other hand, offers unlimited validation requests and audit history.
How Does the Innovative Tax Tool Work?
The LimeLyte Entity Manager is a cloud-based software that is designed to be user-friendly, making it easy to use for tax professionals. Tax teams can validate VAT numbers by inputting key data such as business registration number, VAT registration number, and business name. The tool then automatically checks the accuracy of the data by cross-referencing it with tax authority databases worldwide. Once validated, the LimeLyte Entity Manager automatically generates a compliance certificate and stores a clean trail of change history.
LimeLyte Entity Manager’s Role in the Tax Technology Market
The introduction of the LimeLyte Entity Manager will significantly improve data management for tax teams globally. The tool’s advanced validation feature ensures data accuracy and compliance, making it easier for businesses to focus on their core operations. The innovative solution is timely, given the growing complexity of tax legislation, making data management a significant challenge for finance professionals. The LimeLyte Entity Manager is a landmark product in the tax technology market, making Innovate Tax a trusted choice for businesses seeking efficient and reliable tax technology solutions.
FAQs
1. Who is Innovate Tax, and what do they do?
Innovate Tax is a UK-based company that provides innovative tax technology solutions to businesses worldwide. The company’s objective is to help businesses improve tax compliance, reduce costs, save time, and enable them to focus on their core operations.
2. What is the LimeLyte Entity Manager?
LimeLyte Entity Manager is a cloud-based tax tool designed to help tax professionals validate value-added tax (VAT) numbers while maintaining a clean trail of data changes, ensuring better organization and compliance.
3. What benefits can businesses get from using the LimeLyte Entity Manager?
The LimeLyte Entity Manager saves tax professionals time on manual data entry by validating VAT numbers, ensuring accurate data and compliance with tax authority rules. The tool is designed to allow multiple users to access and edit the data while providing a clean trail of change history.
4. What are the LimeLyte Entity Manager plans, and what do they include?
The LimeLyte Entity Manager is available in two plans, the Complete Plan and the Premium Plan. The Complete Plan, which costs 395 euros or roughly $426, includes as many as 10,000 monthly validation requests and 25 user accounts. The Premium Plan offers unlimited validation requests and audit history.
5. How does the LimeLyte Entity Manager work?
The LimeLyte Entity Manager is a cloud-based software designed to be user-friendly, making it easy to use for tax professionals. Tax teams can validate VAT numbers by inputting business registration numbers, VAT registration numbers, and business names. The tool then cross-references the data with tax authority databases worldwide, ensures data accuracy, generates a compliance certificate, and stores a clean trail of change history.
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