TaxGuard
AI that reads freelancer invoices and catches VAT/GST mistakes before they become audit nightmares - stop paying tax you don't owe
The Problem
Companies with 50-500 employees hiring international freelancers and agencies waste 20+ hours monthly verifying tax compliance on invoices. Finance teams don't know if that UK contractor should charge 20% VAT, if the Australian agency's 10% GST applies, or which US states require sales tax. Mistakes lead to: paying tax twice, audit penalties ($5K-50K), or underpaying and owing back taxes. Manual checking across 40+ tax jurisdictions is impossible.
The Solution
Automated invoice compliance checker that ingests invoices via email forwarding or upload, extracts vendor details and tax charges using OCR, cross-references against up-to-date regional tax rules (EU VAT thresholds, reverse charge mechanisms, US nexus rules, GST registration requirements), flags errors with specific violations ('This UK vendor should not charge VAT - reverse charge applies'), and provides corrected invoice templates. Integrates with accounting software to block payment until compliance verified.
MVP Features
Invoice upload (PDF, email forwarding to dedicated address)
OCR extraction of vendor name, address, amount, tax charged, tax ID
Vendor location detection and tax jurisdiction identification
Tax rule database covering US sales tax, EU VAT, UK VAT, Canada GST/HST, Australia GST, India GST
Compliance checker flagging incorrect tax application
Specific error messages ('Vendor should use reverse charge', 'Missing valid VAT number', 'Sales tax applies in this state')
Suggested corrected invoice with proper tax treatment
Dashboard showing all invoices by status (compliant/needs review/error)
QuickBooks Online integration to import vendor data
Email notifications for compliance issues
Audit trail showing why invoice was flagged
Knowledge base explaining tax rules per region
Bulk CSV upload for processing multiple invoices
Monthly compliance report summarizing risks avoided
Monetization
Tiered SaaS: $149/month for up to 100 invoices processed, $349/month for 101-500 invoices, $749/month for 501-2000 invoices, enterprise custom pricing for 2000+. Alternative model: $2-3 per invoice processed (consumption-based). Premium features: Custom tax rule creation for niche industries ($99/month), audit report generation ($49/month), Bill.com integration ($79/month). Target 80 customers at $350 average = $336K ARR Year 1.