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LOVAT

LOVAT

Overview

What is LOVAT?

Tax software for VAT/sales tax filing. LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute. Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax…

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Recent Reviews

TrustRadius Insights

Users of LOVAT have found it to be a valuable solution for streamlining their tax reporting processes. With the software, they no longer …
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Popular Features

View all 6 features
  • Tax Document Management (12)
    10.0
    100%
  • Geolocation for Tax Assessment (11)
    9.9
    99%
  • Tax Data Reporting (12)
    9.8
    98%
  • VAT / GST Taxes (12)
    9.8
    98%

Reviewer Pros & Cons

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Pricing

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Start-Up

40/month

Cloud
Best option for small sellers and new companies

Standard

80/month

Cloud
Most popular option for your VAT Compliance

Premium

500/month

Cloud
Top quality level of VAT Compliance

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://vatcompliance.co/lovat-pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services
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Features

Type of tax

A list of the different types of taxes that can be filed using tax compliance software.

9.9
Avg 8.4

Tax Reporting & Compliance

Activities relating to tax filing, reporting, document management, and exemption certificate processing.

9.9
Avg 8.4
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Product Details

What is LOVAT?

Tax software for VAT/sales tax filing.

LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute.

Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax expert team available.

LOVAT enables the user to register a business for VAT and sales tax purposes in foreign countries where it stores goods or where it is selling products or services.

LOVAT specializes in helping companies to achieve compliance with EPR regulations.

LOVAT Features

Type of tax Features

  • Supported: Sales and Use Taxes
  • Supported: VAT / GST Taxes

Tax Reporting & Compliance Features

  • Supported: Geolocation for Tax Assessment
  • Supported: Tax Data Reporting
  • Supported: Compliance Administration Management
  • Supported: Tax Document Management

Additional Features

  • Supported: Extended Producer Responsibility (EPR) registration and reporting

LOVAT Screenshots

Screenshot of Transactions section

LOVAT Video

LOVAT Platform

LOVAT Competitors

LOVAT Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported CountriesEurope, Australia, Canada, USA
Supported LanguagesEnglish, Spanish, Chinese, German

Frequently Asked Questions

Avalara and TaxJar are common alternatives for LOVAT.

Reviewers rate Tax Document Management highest, with a score of 10.

The most common users of LOVAT are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(15)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Users of LOVAT have found it to be a valuable solution for streamlining their tax reporting processes. With the software, they no longer need to manually fill out country-specific excel spreadsheets, saving them time and effort. Additionally, LOVAT ensures the accuracy of tax rates and VAT calculations, eliminating any uncertainty in the previous system. Users have praised the platform for its clear video instructions and documentation, which have made tax reporting easy and problem-free.

One of the key use cases of LOVAT is its focus on tax compliance. By using this software, businesses can prevent any state collisions that may occur due to failure to comply with tax laws. The platform is often used by tax departments within companies to track and fulfill their tax obligations on a monthly basis. Moreover, LOVAT is commonly utilized for VAT filing, providing businesses with a reliable mechanism for conducting their operations.

Another notable benefit of LOVAT is its ability to help businesses adhere to tax rules in different countries, ensuring compliance even when operating internationally. The software informs users when they exceed tax thresholds and offers assistance with registration, making the process convenient for businesses expanding into new markets.

LOVAT's automation capabilities are highly appreciated by users as well. The platform automates the entire process of filing tax returns, saving time and ensuring accurate and timely submissions. This eliminates the need for dedicated employees solely responsible for tax management, leading to increased operational efficiency within organizations.

Lastly, LOVAT covers tax obligations in both the EU and the USA, making it suitable for businesses operating in both regions. By fetching sales data from various sources, LOVAT streamlines the tax computation process, further enhancing efficiency.

Overall, LOVAT provides users with a comprehensive solution for managing various aspects of tax reporting and compliance. Its automation features, reliability in calculating taxes accurately across different jurisdictions, and user-friendly interface make it a valuable tool for businesses of all sizes seeking to streamline their tax processes.

Integration with e-stores: Users appreciate the seamless integration of LOVAT with their e-stores, eliminating the need for manual tax data transfer. Several reviewers have mentioned that this integration has made their process faster and more efficient compared to using Excel spreadsheets or uploading data manually.

Convenient tax data management: Many users like that at the end of each month, they can easily access all their tax data in their LOVAT account. This feature is seen as convenient and time-saving by several reviewers.

Flexible field requirements: The ability to make certain fields required and others optional in LOVAT provides flexibility in managing tax data according to different needs. Some users have found this feature beneficial in customizing their tax reporting process.

Difficulty Predicting Departure Address: Some users have found it challenging to set a departure address for each order in order to calculate tax, especially when dealing with goods stored in multiple warehouses.

Overwhelming Tax Settings Section: Several reviewers have mentioned that the tax settings section is overwhelming due to the numerous options available. They wish there were simpler methods, such as setting up fields based on checkboxes.

Steep Learning Curve and Limited Support: Users have expressed that it takes time to learn how to use the software effectively and suggest having a demo call with the support team. Additionally, some users are disappointed that consultation on difficult questions requires an additional fee and that support is only available during working days, which may hinder their progress when facing challenges outside of business hours.

Users commonly recommend LOVAT for the following reasons:

  1. Following Instructions and Paying Attention to Notifications: Users recommend following the instructions provided by LOVAT and paying attention to their notifications about deadlines. This ensures smooth and efficient tax management for e-commerce businesses.

  2. Helpful and Caring Support Team: Users appreciate LOVAT's support team, describing them as very helpful and caring about their customers. This provides additional reassurance and assistance when needed.

  3. Easy Tax Calculation and Efficient Management: Users recommend LOVAT for its easy tax calculation at checkout and professional tax management capabilities. LOVAT simplifies tax routines, allowing users to focus on business development without wasting time on complex tax processes.

Overall, users find LOVAT to be a valuable solution for e-commerce businesses, offering a wide range of services such as VAT registration, consultations, online store integration, and report filing. While users acknowledge that there is room for growth, they suggest trying LOVAT's free trial to determine if it suits specific needs. Additionally, users advise that shifting from an advisory company to LOVAT's software may take up to 3 months and recommend exploring LOVAT's partnership section for tax advisory services if submission services are not required.

Reviews

(1-12 of 12)
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January 29, 2024

Great support

Inna Sabada | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We contacted LOVAT for help with VAT registration. We are also currently using a trial subscription to the LOVAT software. It is still too early for me to assess the advantages and disadvantages of the software. However, I would like to acknowledge the LOVAT support team, which has provided us with professional assistance in understanding the intricacies of tax legislation in different countries and our obligations to the tax authorities. I am very happy with the level of service that the LOVAT team has provided us.
  • they are well versed in taxes
  • professional assistance from the support team
  • VAT registration and communication with tax authorities
  • need to add integration with Squarespace
  • It would be nice to be able to add colleagues to your personal account for team work
If a company sells its services in several countries and needs VAT information in different countries, as well as reminders about VAT payment deadlines, I recommend using LOVAT.
Score 10 out of 10
Vetted Review
Verified User
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 has automated the tax processes
  • LOVAT allows the integration with several accounting solution for efficiency.
  • Accurate and immediate tax computation.
  • Nothing disturbing from LOVAT, as all features are automated.
  • Further, reports are shared on time, hence, no time complaints.
  • The tax solution is convenient and suitable.
LOVAT provides excellent tax filing process, and the entire procedure is conducted online. Further, LOVAT collects the sales details efficiently, and through the software integration, there is efficient tax computation. The automation of every process speeds the process, and deliver timely reports.Finally, LOVAT operates in any global part, which is suitable.
Score 10 out of 10
Vetted Review
Verified User
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.
  • Threshold tracking is well managed by LOVAT
  • Prices, in terms of the subscription requirements.
  • Quick and clear answers from consultants
  • information on registration - in what terms it will be carried out, the cost
  • Field with the necessary questions to make it simple for the new subscribers.
  • A list of documents to be uploaded and fields for this uploads.
  • Service Request Number to track the status of the request.
LOVAT is a suitable tax management platform, that is authorized, standard, and committed to making all the companies have an easy encounter when filing their tax reports and other related roles. More so, LOVAT meets all the compliance thresholds, which allows the reporting to be acceptable and all-inclusive. Finally, LOVAT is automated, and hence, no probability of errors and time wastage.
Score 10 out of 10
Vetted Review
Verified User
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.
  • Variety of subscription plans which are flexible thanks to possibilities of purchasing various add-ons.
  • Tax audit reports which are available for download is a great feature that allows us to have a deeper look to our transactions from different sales channels of ours.
  • The support team in always helped us with difficulties or questions that we had on different stages while working with LOVAT
  • Include bigger amount of transactions to be supported by subscription plans
  • Make 24 hour support
  • In some countries VAT returns are not submitted immediately
The automatic calculation of tax returns is absolutely great as almost no manual work is needed but the information about imports is not picked up automatically by the system and has to be filled manually. Furthermore, the filing of VAT tax among other specific taxation requirements has been resolved by LOVAT.
Score 10 out of 10
Vetted Review
Verified User
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.
  • Responsiveness of support
  • Great speed of solving problems and questions
  • Consultation when it's needed
  • Some processes take extra time
  • It will take some time and preferably a demo call with the support team to learn how to use the software yourself
  • Unfortunately, consultation on really difficult questions can be obtained only for an additional fee
In my opinion, the Lovat team is doing an excellent job.
I got a good impression of this cooperation.
If you need help with tax issues and filing of declarations, then these guys will definitely assist you and will try to do their best so that you don't miss the deadline
Score 10 out of 10
Vetted Review
Verified User
We use Lovat platform for VAT filing, which is a credible business operation. The software offers clear video instructions. That is very helpful. More so, LOVAT developer issues some documentations for simple learning. I can do my tax reporting without any problems. Lastly, LOVAT focuses on tax compliance, which ensures no state collisions due to failure of accomplishing the set laws.

  • Professional support, with short waiting time for answer
  • Free trial period. That helps to test the software before purchase
  • Regular updates according to the TAX rules and requirements in different countries
  • The support is only in English
  • No available support during weekends
  • Some search option of a specific transaction would be helpful
It's well suited for e-commerce companies that sell abroad in various regions since it collects all the different data from different regions in countries in one place. However, for domestic sales it can't be the best solution as probably your domestic accountancy will require more professional tools. The program also supports tax compliance and accountability for companies.

Score 10 out of 10
Vetted Review
Verified User
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.
  • I love that we don’t need to send tax transaction data for our sales to LOVAT – it is simply integrated with our e-stores!
  • It makes the process so much faster than filling excel spreadsheets or uploading manually. At the end of the month, we simply see all of the data in our LOVAT account.
  • Collecting data takes time, and it's a waste of time when we can do it digitally.
  • I like that we can make some fields required and some optional and that I can use multiple selling platforms and be sure that I'm getting valid tax data.
  • I dislike that you have to have a departure address set for each order to calculate tax. A lot of our goods are stored in several warehouses, and I cannot predict where would be departure address.
  • It can also be overwhelming how many options there are when setting up the tax settings section. I wish it were easier to set up fields based on fields being checked with checkboxes.
You need a way to calculate VAT on your remote sales and store tax documents electronically. As part of your evaluation, I would include LOVAT as an option. With LOVAT, we can also avoid asking clients to provide additional information at check out, which keeps our conversion rate higher. It's so easy to upload tax data, calculate VAT, and submit VAT forms
Bohdan Okhrimchuk | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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.
  • First of all, this is the pricing, it is really small for such processes even if you want to add any additional services.
  • Integration with our web shop directly in the account. All data from our store with few clicks.
  • Some processes like uploading of transactions may take extra time, but finally, it's not too much of an average wait time.
  • Some features can be done only by LOVAT manager - VAT number activation for example.
If there is a need to file your taxes to the tax authorities - this is a great software to do this.
Score 10 out of 10
Vetted Review
Verified User
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.
  • Unexpensive price!
  • Easiest way to register for VAT
  • Responsive customer support
  • Process may take your time because it's directly related to the tax authorities of requested country
  • It would be great to add 24/7 support, at this time support may only help you on the working days during the working week
  • That's all, I really liked everything else
Such a solution definitely suits any company / sole trader who wants successfully expand the business and use such an easy way to register and filling of VAT reports as well together with Lovat team
Score 10 out of 10
Vetted Review
Reseller
We use LOVAT to fill sales tax returns for our sales in the U.S. As we sell remotely, we have tax obligations in four states and control thresholds to others. Also we ensure there are no tax compliance issues from the administration because the software helps us in following the stated rules in a country.
  • LOVAT live-chat is very helpful for me.
  • Tax reminders and payment memos help me to be on time with our reporting obligations.
  • Tax news helps me to be up to date with all changes in the field.
  • They have live chat support only during working hours. It would be great to have a 24/7 live chat.
  • LOVAT should be quite flexible for some editing.
  • LOVAT should include a CRM solution, which could be a better way.
It is better for online remote businesses. It is not fit for domestic sales tax filing for companies with US tax. Integrations are the best part of this platform so companies with online stores are the best fit. To avoid tax issues, LOVAT has given clear tax policies for businesses.
Score 10 out of 10
Vetted Review
Verified User
As we have our business operating both in the EU and the USA, the solution LOVAT offers to cover both regions completely suits our needs to overcome our tax obligations. Also, LOVAT ensures that the entire process required for filing returns is done effectively and on time. Furthermore, LOVAT establishes a learning curve, so individuals understand the general tax policies.
  • Support was nice and helpful during all the steps of setting up everything
  • Easy to understand and user-friendly software
  • Possibility to file both VAT for EU and sales tax for the U.S.
  • Only English, Spanish, and Chinese versions of the software--would be great to add more translations
  • The support team is available only during working days
  • No search option of specific transaction uploaded to the platform--only by date
It's well suited for e-commerce companies that sell abroad in various regions since it collects all the different data from different regions in one place. However, for domestic sales, it can't be the best solution as probably your domestic accountancy will require more professional tools for effective business execution.
Score 10 out of 10
Vetted Review
Verified User
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.
  • Integration with Magento
  • Ability to pay monthly or annually
  • Flexible pricing
  • It takes some time to learn how to use it.
  • Tax consultations for additional price
  • No discounts for constant clients"
Lovat has all the useful features for the needs of my small businesses. The best part about Lovat is that even lay users with no accounting knowledge can find it easy to use this soft. Besides, Lovat has well-explained tax policies, which are essential in noting or understanding the entire business operations. Lastly, for filing returns, Lovatis the savior, for small enterprise.
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