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by femto 5167 days ago
What's the position on liability if the program generates erroneous taxation information and a (user) company gets hit with tax penalties?
2 comments

Hey, the way Revenue work is your tax liability lies with the individual. So we've actually no way of underwriting that that goes for an Accountant to product. But like all good open companies we know if that was to happen our business would be dead. So ultimately that's the best way to underwrite your product we feel.

Bullet got built in the first place cause my co-founder John was paying an Accountant quite a bit of money and he failed to file his returns, resulting in an audit. Bullet Automates all the tax returns so to miss it you'd need to actively ignore it. Hope that answers your question.

In most places you are responsible for the accuracy of any returns sent to the tax authorities, not your accountant or creator of a software package.