The evolution of tax analytics
When defending a client’s position to the authorities, tax professionals are in charge of making the strongest possible argument for the defendant’s case. This process often involves mitigating the risk of the position being challenged and providing the client with a time and cost-effective service.
To ensure the soundness of client position, industry leaders are gaining a comprehensive view of the law based on advanced analytics tools. Targeted use of artificial intelligence resources can pin down the strength of a position with over 90% accuracy while identifying relevant authorities and the possible favorable or unfavorable outcome of their exertion.
- How can advanced analytics provide tax professionals with an advantage in settlement discussion?
- In what ways can these tools help strengthen client position?
- How can businesses structure and document strong tax positions that are both time and cost effective?