7 years ago

UK Startup TaxScouts Raises £300,000 to Simplify Tax Filing for Self-Employed Individuals

  • TaxScouts, a UK startup founded by TransferWise and Marketinvoice alumni, is launching an online service to simplify tax filing for self-employed individuals and those with additional income

  • The service combines automation with human accountants to provide a more efficient and affordable solution compared to traditional tax preparation methods

  • TaxScouts has raised £300,000 in pre-seed funding from Picus Capital, Charlie Delingpole, and Charlie Songhurst

  • The company plans to further develop its automation functionality and integrate with more data sources to provide a more comprehensive tax filing experience.

      • ProblemFinancial Services

      "Filing your tax return is tedious and expensive, especially if you are self-employed or have a side hustle. Hiring an accountant can be costly, and doing it yourself is time-consuming and confusing."

      Solution

      "TaxScouts automates much of the tax preparation process with an online app, then connects you with a certified accountant who completes the filing for you. It's a flat fee of £99 and promises a 24-hour turnaround. The app guides you through your tax status, income, and expenses, and helps you upload or take photos of required documents."

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