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As long as users treat their business with the professionalism it deserves by regularly entering appropriate data, the H2I platform will give you a clear view of your tax position, i.e. whether you owe the tax man anything or, if the tax man owes you anything.
The H2I platform is a very smart way to manage your taxation. It will automatically calculate your output and input tax and confirm your monthly and quarterly readings just at glance.
As long as you are entering in your business expense data, the system will balance and offset appropriately.
It is important for business users to note that; the H2I system is currently set up to act in accordance with UK taxation laws only, if however, we establish more and more of a demand for other countries, we will of course seriously look at it for the purpose of hard-coding the system according the laws of any such country with the high demand.