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Tax Consulting 2.0

Tax technology continues to advance. Chris Walsh reviews the evolving tax environment and how technology is influencing both sides of the fence

Over the last ten years there has been a significant shift in the nature of work carried out in the tax consulting profession especially in respect of larger corporations. We have witnessed a move away from the more traditional compliance reviews and health checks or the design of complex planning mechanisms with an overarching focus on effective tax rate. What has emerged in their place has been a very broad set of compliance requirements that have been given weight by legislative developments and have been driven in large part by new software applications and more tech-savvy tax experts on both sides of the jurisdictional fence.

Focus on compliance

Although there is still a place among small and medium sized enterprises for more manual accounting ...

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