2020 Private Business Online Series Part 1: Technology, tax, and the transformation of the profession

Published on 24 Jun 2020 | Took place at Online, National

During the COVID-19 crisis and the adoption of widespread work-from-home arrangements, it has become apparent just how heavily dependent we are on technology, and what a vital tool it is for any business or tax practice. In this session, Alan led us down the path of technology developments, from basic pebbles through to Artificial Intelligence, including:

• the rise of ‘clever’ tax tools with in-built additional capabilities that go beyond form-fillers
• data analytics capability of tax solutions
• the use of technology to leverage tax data
• eInvoicing and capturing tax data at the source (POS)
• the evolution of indirect tax capture
• automating the automatable and creating a more efficient tax preparation process.