Benefits
Eliminates manual rekeying of tax return figures, reducing data-entry errors during filing season
Accelerates year-end close and tax preparation by delivering all key fields in seconds rather than hours
Standardises data from multiple jurisdictions, US, EU, and UK, into a single structured output format
Integrates extracted data directly into ERP, accounting, or tax-filing software via workflow automation tools
How it works
- Step 1
Upload
Send the document to the API as a file or a URL no special formatting required.
- Step 2
The engine reads the document
The engine analyzes the page layout and identifies the content that matters. The extraction engine reads the full multi-page tax statement, including the income computation, balance sheet, deductions and credits schedules, and corporate identifiers, and maps each value to its corresponding structured field.
- Step 3
Structured JSON is returned
Every extracted element comes back as structured JSON, positioned and typed, ready to feed into downstream systems.
- Step 4
Confidence-based review
Each field carries a confidence score, so low-confidence results can be routed for human review instead of trusted blindly.
Extractable fields
Features
Reads both US corporation tax returns (Form 1120) and EU/UK corporate tax statements with a single API call
Extracts financial fields including total assets, gross profit, taxable income, deductions, credits, and dividends
Captures corporate identifiers: EIN, CoC number, VAT number, and registered address
Supports PDF, JPG, PNG, and scanned documents without requiring template configuration
Returns data as JSON, Markdown, or tables for direct integration into downstream systems
Use cases
Automated tax provision and year-end close
Finance teams processing quarterly or annual tax provisions can feed corporation tax statements through ByteIt and receive extracted data, including total assets, taxable income, and deductions, in structured JSON. The output can be imported directly into accounting software or consolidation tools, replacing the manual spreadsheet lookup that typically consumes days during close.
Multi-jurisdiction compliance reporting
Corporations filing tax returns in both the US and Europe face different form layouts, identifiers (EIN versus VAT number versus CoC number), and reporting currencies. ByteIt reads each jurisdiction's tax statement and normalises the key fields into a consistent schema, enabling a single compliance dashboard or data pipeline for cross-border tax teams.
Lending and credit risk assessment
Lenders and credit analysts use corporation income tax returns to verify a borrower's stated income, check deductions against industry norms, and calculate debt-service coverage ratios. By extracting gross profit, taxable income, total assets, and interest expense from submitted tax statements, ByteIt accelerates the underwriting workflow from days to minutes.
ERP and accounting software integration via workflow automation
Extracted tax statement data can be connected to your ERP or accounting software using workflow automation tools like n8n, Zapier, or Make. A typical flow goes from upload of a scanned tax return, to ByteIt extracting taxable income, deductions, and VAT/EIN identifiers, to the structured data being pushed into a journal entry template or compliance report in your financial system, all without manual transcription.
LIVE DEMO
Try it yourself
Upload a sample US Corporation Income Tax Return or EU corporate tax statement in PDF, JPG, or PNG format to see ByteIt extract financial fields in real time.
Select a document and press Parse
Want to run it on your own documents?
Ready to dive in? Request a key to get started.Business advantages
- No templates required, reads any tax statement layout out of the box
- Sub-second per-page latency for fast batch processing
- 0 EUR to start with 1,000 free credits on the Build plan
- GDPR-compliant with end-to-end encryption
Frequently asked questions
What tax statement formats does ByteIt support?
ByteIt reads US corporation income tax returns (Form 1120), EU corporate tax statements, and UK corporation tax returns. It handles digital PDFs, scanned documents, and images (JPG, PNG). No template configuration is required because the engine identifies the layout automatically.
Can ByteIt handle multi-page tax statements?
Yes. Corporation tax returns are typically multi-page documents. ByteIt processes all pages in a single upload and consolidates the extracted fields into one structured output, so you get the full picture from the income statement on page 1 to the deductions schedule on page 4.
How accurate is the data extraction for tax statements?
Accuracy depends on document quality and layout complexity. For clean digital tax returns, field-level accuracy is consistently high. ByteIt applies context-aware AI that understands the structure of tax forms, so values are mapped to the correct fields even when layouts vary between jurisdictions.
How do I integrate ByteIt with my existing accounting or tax software?
ByteIt provides a REST API and a Python SDK. You can connect the extracted data to your ERP or tax-filing platform using workflow automation tools such as n8n, Zapier, or Make, or by writing a custom integration with the API. The output is available in JSON or Markdown format.
What does pricing look like for processing tax returns at scale?
The Build plan is free and includes 1,000 credits per month. The Scale plan costs 260 EUR per month and includes 25,000 credits per month, with additional credits at 1.1 cents each. Enterprise plans with flexible volumes, zero-data-retention, and VPC deployment are available on request.
Does ByteIt differentiate between US and EU tax statement formats?
Yes. The engine is trained on both US corporation tax returns (Form 1120) and EU/UK corporate tax statements. It extracts jurisdiction-specific identifiers such as the EIN for US filings and CoC number or VAT number for European filings, mapping each to the appropriate field in the output.
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