Taxod

Meet the Client

The COAX Team was excited to meet its new client TAXO'D. TAXO'D is the only end-to-end financial solution designed solely for the self-employed. Using the TAXO'D app, anyone can manage and record their transactions on the go, and TAXO'D shows how much tax is owed in real-time.

User scan even file their tax returns directly with HMRC (Her Majesty’s Revenue and Customs). The user does not have to use green forms or endure the additional costs or help from an accountant.

The TAXO’D platform was a revolution for enabling the self-employed and micro-businesses to have access to quickly and easily perform tax self-assessments. The platform helps the self-employed by bringing together people, accounting, and other options. The app meets the regulatory approval of both the FCA (Financial Conduct Authority) and the HMRC.

TAXO'D is a brilliant platform that makes many financial tasks complete. It uses beautifully intuitive and straightforward software that can be used directly by self-employed workers or micro-businesses. It can even be used with assistance from accountants, purchased directly, or used via third-party professional service organizations.

TAXO’D automates mundane bookkeeping tasks by utilizing the new Open Banking Services. The application uses OCR technology that automatically extracts data from paper or e-receipts then auto-reconciles the expenses or payments with the business bank account.

Details

Category
Finance
Timeline
3 years
Technologies
Node.js
React.js
Meteor.js
UI Development
Disciplines
Front-end Development, Back-end Development, Integrations

Opportunity Presented

TAXO’D was thrilled at the experience level the COAX Team presented. TAXO’D presented the challenges it was facing with its current technology. The client pointed out some of their main concerns with the existing application and how they would like to see it improved, including:

  • Implementation of React.js components.
  • Put into effect Node.js, Meteor.js, and D3.js adding scalable runtime environments.
  • Create a modular-based tax return filing system.

The client needed a full-stack team of developers capable of building a new product from the ground up.

Success Delivered

COAX delivered results that went above and beyond the client’s expectations.

The COAX Team took the client's vision and recreated it in a massive, complex platform with machine learning capabilities. The intuitive design gave the interface an easy-going feel for the user, giving better insight into the day-to-day finances of being self-employed or a small business.

The simple-to-use interface made it especially easy to use daily to extract, analyze and control data. The COAX team thoroughly discussed and reviewed the vision the client had of its new product. In a short time, COAX delivered the interface, and it's a fully implemented product.

The Coax team is proud to be a part of product development for this innovative application.

Making an Impact

COAX made a significant impact on the future of TAXO'D. Some of the critical components that were developed generated immense value to the new TAXO'D platform:

  • Track business transactions – on the go.
  • Automate data calculation and reports.
  • Algorithms to display ‘tax owed’ anywhere, anytime.
  • Process and track business records.
  • Automate the bookkeeping process with Banc Sync realization.
  • Export a variety of financial reports.
  • Files tax returns with ease, informs the user of upcoming tax deadlines.
  • Gives user access to the whole financial year at a glance.

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