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.