Every client's compliance status. At a glance. Always current.
CoralLedger Comply gives independent VAT consultants real-time compliance scoring and triangulation detection — so you can advise with precision without being tied to a single accounting firm.
The Challenges Independent Advisors Face
You advise multiple clients independently — but the tools available were built for large firms or single businesses. Not for consultants who need to move fast across a varied portfolio.
No Portfolio-Level View
Jumping between spreadsheets and client portals makes it hard to see which clients are at risk right now.
Missed Compliance Gaps
Without automated monitoring, errors in apportionment or missed filings can go unnoticed until an audit surfaces them.
Weak Audit Documentation
Defending a client in a VAT audit requires detailed records you may not have easy access to if the client manages their own books.
No Firm Affiliation Required
You don't need to be BICA-licensed or employed by an accounting firm to use CoralLedger Comply. Independent VAT consultants — sole practitioners, advisory associates, and specialist advisors — can onboard clients directly and operate a full advisory portfolio under their own name.
Sole Practitioners
Run your own advisory practice without needing firm sponsorship. Your client roster, your dashboard, your brand.
Advisory Associates
Consultants who advise businesses independently can access the same multi-client tools used by full accounting firms.
Specialist Advisors
Industry specialists and sector-focused VAT consultants are treated as first-class users — not as an afterthought to the firm tier.
Built for Advisory Work
From compliance scoring to audit defense, CoralLedger Comply gives you the tools to deliver high-value advice without adding complexity to your workflow.
Compliance Scoring Dashboard
A+ to F health grades for every client. Spot filing gaps, apportionment errors, and deadline risks at a glance — before they become penalties.
Audit Defense Tools
One-click export of transaction-level detail and rate classifications — everything needed to defend any VAT return.
Full Client Visibility
All advisory clients in one dashboard with upcoming deadlines, compliance trends, and outstanding items clearly surfaced.
Apportionment Workings Coming Soon
Full breakdown of taxable vs. exempt supplies per period with the deductible fraction — will be automatically calculated and documented.
Triangulation Warnings
Automated alerts when a client's supply mix creates unusual apportionment ratios or triangulation risk that warrants your review.
Deadline Aggregation
All VAT filing deadlines across your advisory portfolio surface in a single calendar view. Filter by status and set automated reminders per client.
Input Tax Apportionment — How It Works
For clients who make both taxable and exempt supplies, CoralLedger Comply will calculate the deductible fraction automatically using the standard taxable/exempt supply ratio method. This feature is in development and is planned for a future release.
Calculation Method
Each period, CoralLedger Comply will compute the deductible fraction as:
This fraction will then be applied to Input VAT on costs that cannot be directly attributed to either taxable or exempt activities (residual Input Tax). The resulting claimable amount will be included in the VAT return automatically.
- Recalculated every period — ratio is not carried forward from prior months
- Directly attributed Input VAT will be excluded from the residual pool and claimed in full
- Full workings — period supplies, residual pool, deductible fraction, claimable amount — will be available for export with every return
- Methodology follows Department of Inland Revenue (DIR) guidance on Input Tax Apportionment under the VAT Act 2014
The exported apportionment schedule will be formatted to match what DIR auditors expect — no reformatting required for an audit response.
Triangulation Warnings — What Triggers Them
CoralLedger Comply monitors each client's supply profile every period and raises a triangulation warning when the data suggests the return may need closer advisory review before filing.
Unusual Supply Mix Ratio
A warning fires when the ratio of taxable to exempt supplies shifts materially from the client's prior-period baseline — for example, a sudden increase in exempt financial services revenue alongside unchanged Input VAT claims. This pattern can indicate misclassification or a business model change that affects the apportionment fraction.
Cross-Border Complexity Flags
Transactions involving imported services, non-resident suppliers, or exported supplies can create triangulated VAT obligations — where the same supply touches multiple jurisdictions and potentially triggers both Bahamian VAT and foreign tax treatment. CoralLedger Comply flags these for your review when it detects supplier or customer location data inconsistent with a domestic-only supply chain.
Apportionment Fraction Cliff
When a client's deductible fraction falls below 10% or rises above 90%, CoralLedger Comply raises a warning — these extreme ratios often indicate data quality issues (e.g., missing exempt supply transactions) rather than a genuine change in business activity, and are worth verifying before the return is submitted.
Each warning includes the specific data points that triggered it and a recommended action — so you know exactly what to check without re-reading the entire transaction log.
Which Tier is Right for Advisors?
Independent VAT advisors managing multiple clients use the Accounting Firm tier — it's built for anyone who advises more than one business, regardless of firm affiliation.
Accounting Firm Tier
Covers accounting firms and independent advisory practices
- Up to 25 advisory client businesses
- Multi-Client Dashboard with compliance scoring
- Triangulation warnings and supply mix analysis
- Audit Defense Package for every client
- Deadline aggregation across your portfolio
- No BICA license or firm affiliation required
- Input Tax Apportionment per period Coming Soon
No credit card required during beta.
Give Every Client the Compliance Edge
Join the free beta — full access through September 2026. No credit card, no firm affiliation required.