taxbox brings a new level of efficiency and cost-effectiveness to the management of Insurance Premium Tax compliance.
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- taxbox Automates many labour-intensive tasks.
- taxbox enables users to gain efficiencies, as online filing of returns is likely to become more common in the future.
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taxbox enables you to remain fully compliant with IPT and parafiscal regulations.
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- taxbox’s IPT Dashboard display shows all upcoming tasks, ensuring no deadlines are missed.
- Automated preparation of tax returns ensures there is no delay in filing.
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taxbox easily handles the intricacies of EU IPT and parafiscal tax regimes.
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- FiscalReps initially built taxbox for internal use, based upon its unrivalled practical knowledge of calculating and filing returns across the EU.
- This is a principal strength of a solution built by IPT experts, rather than generic software providers
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taxbox maintains detailed records of all transactions.
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- Comprehensive audit trails are provided as a matter of course and are automatically stored and archived
- Users can respond immediately and confidently to inspections by tax authorities, regulators, clients and courts
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taxbox is a world class compliance tool for Captive Managers.
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- Flexibility and scalability mean taxbox can simultaneously manage tailored filing arrangements for multiple accounts
- Its efficiency means that managers do not need to expand their administrative resources as their captive client bases grow
- Managers can provide clearly documented proof to clients that compliance is maintained at all times
- taxbox enables managers to apply best practice to IPT compliance
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taxbox provides a complementary tool to global insurers own tax databases, enabling further efficiencies and quality control.
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- Insurers can import their own data into taxbox in order to automate the generation of returns
- FiscalReps EU-centred tax data complements databases focused on the US or other markets
- Transparency, report generation and audit trail functionality mean taxbox can provide detail and clarity for board-level review
- taxbox enhances the effectiveness of tax compliance departments without adding to headcount
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taxbox provides small and mid-size insurers with a cost-effective means of achieving IPT compliance across the EU.
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- Niche insurers, which may only occasionally need to file IPT returns outside of their home market, can achieve major cost savings by calculating and generating returns online via taxbox
- FiscalReps can still provide local representation to file taxbox-generated returns
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taxbox is tailored to your own systems and is quick and easy to use.
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- FiscalReps tailors taxbox to match clients own business class terminology
- Client data is quickly loaded using .xls or .csv file formats
- FiscalReps Client Services team provides comprehensive training and user support
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taxbox is always up-to-date and reliable.
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- taxbox is a remotely hosted application; FiscalReps can implement any changes in tax rates or regulations immediately, bringing users the very latest information
- taxbox has been created using proven Internet technologies
- taxbox is hosted on high performance computer servers with full back up and redundancy
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