LOVAT

Our company has several branches, worldwide, hence, we need to file sales returns instantly for tax compliance. With the help of LOVAT, the entire process is automated, with accurate tax computations, and this increases the operational efficiency of the firm.The tool has automated most of the tax processes, hence, the business needs no employees to conduct the process. The sales data is well fetched from different sources for efficient tax computation. <br>

LOVAT is a friendly, convenient and purposeful application for tax computation and accurate filling of sales returns. Besides, LOVAT has the global presence, which makes all persons to use the application, and gives the company a chance to open more branches. Further, LOVAT shares the tax reports with different people, within the company. The automation of all the tax processes brings accuracy and saves time.

Basically, we use LOVAT to generate sales tax reports online and then submit such reports directly through the software - it's really convenient for our company and the accountant himself. We also successfully use this tool to monitor economic nexus. Finally, LOVAT helps us to be tax compliant, with the different administrations, and due to the available automation, every procedure is efficient.

In the beginning, I joined the platform to track thresholds. As soon as I exceed the threshold in Canada, LOVAT informed me of this and offered to help with registration. It was really convenient for me! Now I do not worry about filing reports, because I know that everything will be prepared and submitted without errors and on time. All the tax issues and compliance are extensively managed by LOVAT and we have no problems with different authorities when working with the program.

We were selling only in the US and were dealing with Sales Tax with which were familiar. However, when we decided to expand to the EU and Australia we realized that it's a completely different tax system and had many troubles in understanding how it works. Lovat team and their platform helped us by explaining everything and solved our matters with tax reporting and now we are using it for both the USA and EU and Australia as the platform supports all of these regions and we handle our tax reporting in one place in one account of our company.

In our company, the platform is mainly used by the tax department.
The business task is always the same, I'm talking about the timely filing of taxes to the authorities and this brings the tax compliance aspect. And so far, we are successfully completing this task on a monthly basis without fail.

We have solved the problem of our accountancy department having to dedicate a full time of our accountant in the main office just to fill excel spreadsheets for each country of reporting. We've also solved the problem of being sure that VAT was calculated correctly and tax rates are valid because our previous system didn’t have any automation. We were never sure when the tax rate had changed. We are sure that everything is valid and legally binding with LOVAT.

We have purchased a subscription for filing tax returns, as this is specialized software for these purposes. You know, it's much easier to purchase a subscription to use the platform than to understand all the tax details yourself. The subscription cost is incredibly small in terms of our business, and as a result, we get a lot of saved time.

Currently with the help of LOVAT we were registered in EU country for VAT and going to submit VAT reports. Support team always helps us with all of requested questions in regards to the process of registration and using of this soft as well. By the way, I was thinking that's this will be much troublesome, but everything went without difficulties.

You don’t need complex training and overtime to launch and use Lovat soft. It's cool. To help you make effective use of this soft, their support team provides the needed support. The dashboard displays all the essential information and here you can track your company’s tax obligations. Finally, Lovat fosters tax compliance, where administrative issues are not things that we find ourselves missing.