SEO Meta Description: Streamline your corporate and indirect tax compliance globally with 123 Sheets’ automated and accurate corporate tax software solutions. Discover how our user-friendly tools outperform competitors.

Introduction

In today’s rapidly evolving financial landscape, maintaining corporate and indirect tax compliance is more critical—and complex—than ever. With initiatives like HMRC’s Making Tax Digital (MTD) transforming tax filing processes, businesses across the United Kingdom are seeking reliable corporate tax software to navigate these changes efficiently. While solutions like Thomson Reuters’ ONESOURCE offer robust features, 123 Sheets presents a compelling alternative tailored to diverse business needs.

Comparing Corporate Tax Software: 123 Sheets vs. ONESOURCE

Feature Set

ONESOURCE Indirect Tax Compliance:
– Automates GST, VAT, and sales tax compliance globally.
– Centralised platform for managing and tracking tax compliance.
– Best practice content vetted by Big 4 experts.
– Seamless integration with ERP systems and robust API capabilities.
– Supports over 60 country-specific tax reports.
– Direct e-filing compatibility.

123 Sheets Corporate Tax Software:
– VAT Bridging Software: Simplifies VAT filings through intuitive spreadsheet integration.
– Income Tax Software for Self-Employed: Tailored for easy quarterly tax returns without complex setups.
– Landlords’ MTD Solutions: Custom tools for handling VAT and income tax submissions efficiently.
– Accountants’ Dashboard: Manage multiple client accounts with a comprehensive, user-friendly interface.
– Centralised support with 24/7 customer service.
– ISO27001 and Cyber Essentials certified for top-tier data security.

Ease of Use

ONESOURCE: Offers a comprehensive suite of tools designed for large enterprises, which may come with a steep learning curve for smaller businesses.

123 Sheets: Prioritises a user-friendly interface tailored for self-employed individuals, landlords, SMEs, and accountants, ensuring a minimal learning curve and quick adoption.

Customer Support

ONESOURCE: Provides extensive support resources, including detailed documentation and expert consultations.

123 Sheets: Delivers comprehensive support with 24/7 customer service, assisting clients with MTD registrations and any software-related queries, ensuring uninterrupted compliance.

Integration and Connectivity

ONESOURCE: Excels in seamless connectivity with ERP systems and offers robust API capabilities for extensive customisation.

123 Sheets: Utilises familiar spreadsheet functionalities, allowing effortless integration with existing financial systems and enabling businesses to transition smoothly without extensive training.

Global Compliance

ONESOURCE: Supports a wide range of international tax reports and compliances, catering to large multinational corporations.

123 Sheets: Focuses on the UK market with scalable solutions for global compliance, supporting over 60 country-specific reports and ensuring accurate VAT/GST returns tailored to UK regulations.

Addressing the Gaps with 123 Sheets

While ONESOURCE is a strong contender in the corporate tax software arena, 123 Sheets bridges the gap by offering:

User-Friendly Tools: Designed for ease of use, reducing the complexity associated with large-scale tax compliance software.
Comprehensive Support: Available around the clock to assist with any issues, ensuring businesses remain compliant without downtime.
Enhanced Data Security: With ISO27001 and Cyber Essentials certifications, 123 Sheets guarantees the highest standards of data protection.
Tailored Solutions: From VAT Bridging Software to specialized tools for self-employed individuals and landlords, 123 Sheets caters to a diverse range of clients with specific needs.

Why Choose 123 Sheets?

Choosing 123 Sheets means opting for a corporate tax software that not only meets the stringent requirements of MTD but also enhances your tax compliance process through automation, accuracy, and exceptional support. Trusted by over 35,000 entities, our solutions are validated by strong customer testimonials and robust software performance.

Conclusion

In the quest for efficient and reliable corporate tax compliance solutions, 123 Sheets stands out by offering intuitive, secure, and comprehensive tools tailored to your business needs. Whether you’re a self-employed individual, a landlord, an accountant, or an SME, our software ensures that your tax compliance is streamlined and error-free.

Ready to streamline your corporate and indirect tax compliance? Request a demo today and experience the 123 Sheets advantage!