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Registered users

$0b

Tax expense managed

$0b

Deferred tax managed

$0b

Current tax managed

IFRS and Inland Revenue Minimum reporting

Streamline your monthly, periodic, and year-end tax provision accounting within your tax return process. TaxLab speeds up the preparation of tax provision journals, proofs, IFRS and IRD minimum tax note disclosures.

Streamline your entire tax reporting process

Reduce replication by using a single process for tax provision and tax returns. Automate monthly, quarterly, and year-end tax reporting, and reduce manual work and errors.

Collaborate with your advisor and auditor

Cloud-based collaboration enables instant visibility for auditors and tax advisors, for enhanced efficiency and expertise. Share your streamlined process with your tax advisor, providing tax calculations in their preferred format.

Seamlessly integrate with your accounting system for real-time data synchronisation and accuracy

Seamlessly pull data from your accounting system, prior periods, Inland Revenue, and tax pools for real-time updates. Maintain accuracy as your numbers evolve throughout the year-end process.

Save time with standardised workflows and reduce the need for manual intervention

Maintain clear, consistent, and transparent tax workpapers, focusing on resolving tax issues rather than checking numbers.

Comprehensive features

TaxLab is designed to simplify your tax provision and reporting, offering comprehensive tools and features that cater to both small and large businesses. Experience the ease of use, precision, and enhanced collaboration that TaxLab brings to your tax processes.

Journal entries
  • Automated tax charge
  • Automated reconciliation journals
  • Automated prior period adjustment (PPA)
  • Current and deferred tax expense accounts
  • Export ‘journal entries required’ to Excel
Current tax
  • Current tax proof
  • Inland Revenue integration
  • Tax pooling integration
  • Current tax asset and liability tracking
  • Turn off deferred tax settings
Deferred tax
  • Deferred tax proof
  • Capex deferred tax proofs
  • Tax basis balance sheet
  • Measurement and recognition
  • Classification and reclassification
Reconciliations and proofs
  • Deferred tax proof
  • Current tax proof
  • Automated current year charges
  • Aged tax balances
  • Automated movement journals
  • Automated ledger reconciliation
IFRS and IRD minimum disclosures
  • IFRS and IRD minimum templates
  • Tax rate reconciliation
  • Major components of tax expense
  • Tax expense charged directly to equity
  • Recognised and unrecognised assets
  • Movements in deferred tax
Group reporting
  • Tax note disclosures
  • Tax rate reconciliation
  • Deferred tax proof
  • Statement of taxable income
  • Tax account movements
  • Journals required export
  • Group and sub-group consolidation