As the biofuel industry expands, tax compliance has become increasingly complex. With layered excise tax benefits tied directly to proof gallon measurements, companies relying on spreadsheets and manual tracking face risks of errors, inefficiency, and missed financial opportunities.
By embedding proof gallon validation and tax configuration directly into RightAngle, businesses gain real-time visibility across contracts, movements, and invoices. Automated tracking eliminates manual reconciliation, while custom reporting ensures accurate submissions to the Internal Revenue Service (IRS) and Alcohol and Tobacco Tax and Trade Bureau (TTB). The result is streamlined compliance, reduced operational effort, and a verifiable audit trail that safeguards profitability and protects against penalties.
While RightAngle supports core transactions, biofuel producers face gaps that complicate tax accuracy and compliance:
Managing layered excise
tax tiers for alcohol-based fuels
Capturing accurate data across products and measurements
Automating tax-inclusive and tax-only invoice generation
Creating auditable
records for IRS and TTB
submissions
Value Creed’s custom RightAngle solution simplifies proof gallon tracking and tax validation, enabling accurate, efficient compliance that safeguards profitability and strengthens regulatory standing.
Embedded tax tiers are applied during contract creation, ensuring obligations & benefits are reflected from the start of every transaction.
Actual lab measurements are captured within deal and movement templates, eliminating manual entry and improving valuation accuracy.
Custom templates generate tax-inclusive or tax-only invoices automatically, reducing errors and streamlining distribution.
Tailored reports provide precise submissions to IRS and TTB while maintaining a complete, auditable trail.
Explore our suite of solutions designed to empower your trading and risk management functions. Partner with us for a transformative CTRM experience that drives success in today’s ever-evolving markets.
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