Lovatio

What it does

Lovatio simplifies income reporting for platform sellers in 10 countries & professions. Scan DAC7 notices, answer 10 easy questions, and get your tax form in 10 minutes.

For service providers the reporting threshold is zero, that means that platform like Upwork will send all your info to tax office even when you provide services occasionally. taxi drivers, beauty specialists, designer, blogger, marketplace seller. When you choose your profession, you will get questions related to it and skip non relevant information. If you have more than one notification than them scan one by one. Expenses like shipping and supply costs are generally deductible business expenses, so keep track of each item’s cost basis and the final sale price to determine the cost of goods sold. AI will analyze and pre-qualify these transactions for future income tax return. Have a look…from lovat.io

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