Consultation
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tax advisory
Choosing the right tax advisor can be crucial for your financial success. But how do you find the expert who best suits your individual needs? In this article, we will show you what to look for when making your choice and how you can save real money through professional tax advice. More information can be found here.
Professional tax consultancy is essential to navigate the complexities of German tax law, avoid tax pitfalls, and minimise the tax burden.
The digitalisation and the use of AI-driven tools are revolutionising tax consulting, enabling a 30% increase in efficiency and enhancing the quality of advice.
The strategic combination of tools, the consideration of ESG criteria, and the compliance with regulatory frameworks are crucial for successful and future-oriented tax consultancy.
Looking for professional tax advice? The German tax legislation is complex and subject to constant changes. Professional tax advice is therefore essential to optimise your financial situation and minimise tax burdens. Whether for individuals, self-employed, or businesses, competent advice helps you stay on top of things and make well-informed decisions.
The necessity of professional tax advice
Why tax advice is essential: The complexity of German tax law makes it nearly impossible to consider all relevant aspects without professional help. Individual and corporate financial planning requires a detailed analysis of your specific situation and the consideration of all pertinent tax aspects. Comprehensive tax advice can help you avoid tax traps and secure your financial future.
Purpose of the article
What to expect in this article: This article provides you with a comprehensive overview of the best tools and strategies for tax advisors. We analyse current trends and future developments in the field of tax advice to give you valuable insights and actionable recommendations. Learn how to find the right tax advisor and effectively reduce your tax burden. Get informed now!
Die Steuerberatung faces a multitude of challenges and opportunities in 2025. Geopolitical tensions, economic fluctuations, and rapid technological advances shape the landscape. It is crucial to understand these developments and adapt accordingly to remain successful. Adapting to new international tax guidelines is essential.
Geopolitical and Economic Influences
How global events are reshaping the tax landscape: The impacts of inflation and interest rate changes are noticeably felt in tax consulting. Companies and individuals must adjust their financial strategies to meet changing economic conditions. Adapting to new international tax guidelines, such as the implementation of the OECD-BEPS initiative, poses another challenge. The consideration of ESG criteria (Environmental, Social, Governance) is gaining increasing importance.
Technological Change and Digitalisation
The role of AI and automation: Digitalisation and the use of Artificial Intelligence (AI) are revolutionising tax consulting. Software solutions enable more efficient processing of tax returns and financial analyses. Automating routine tasks saves time and resources, which can be used for strategic advisory services. However, digitalisation also presents challenges in data security and compliance. Adhering to data protection regulations is of utmost importance. The Koyfin platform offers customised dashboards and comprehensive datasets.
Specialisation and Niche Formation
The trend towards specialisation in tax consulting: The market for tax consulting is becoming increasingly specialised. Many tax advisors focus on specific industries or types of tax to provide their clients with even more in-depth expertise. The importance of further training and certifications is therefore steadily increasing. Tax advisors need to continuously update their skills to meet current requirements and stand out from the competition. Focusing on specific industries or types of tax allows practitioners to better address specific needs and gain a competitive edge.
The selection of the right tools is crucial for tax advisors to work efficiently and accurately. There are a variety of software solutions and platforms specifically tailored to the needs of tax advisors. When choosing, one should pay attention to user-friendliness, data quality, and the cost-benefit ratio. Compliance with regulatory requirements is essential.
General evaluation criteria for tax advisory tools
What matters when selecting: Various factors play a role in the selection of tax advisory tools. User-friendliness and integration into existing systems are as important as data quality and timeliness. The cost-benefit ratio should also be carefully assessed. A tool that offers many functions but is complicated to use may hinder rather than enhance efficiency. The Yahoo Finance page provides free access to stock data and news for this purpose.
Detailed tool presentation and comparison
Overview of the best software solutions: There are numerous software solutions specifically tailored to the needs of tax advisors. Some of the best-known and most powerful tools are listed below:
Rize Capital
AI-powered real-time analysis and personalised recommendations:Rize Capital positions itself as a leading investment research tool that uses AI to provide real-time insights and personalised recommendations. The conversational AI function enables users to ask financial questions and receive customised answers with dynamic charts and metrics. Rize Capital covers over 100,000 assets, including stocks, ETFs, cryptocurrencies and private companies, and offers sentiment analysis based on news and social media. The real-time analyses and personalised recommendations are particularly valuable for tax advisors who want to enable their clients to make informed investment decisions.
Tikr
Global equity research and fundamental analysis:TIKR is a tool for fundamental analysis that provides investors with access to global stock data (over 100,000 stocks in 92 countries and 136 exchanges) and the portfolios of super investors. Key features include a global stock screener with thousands of filters (country, industry, financials, ratios, analyst forecasts, valuation metrics, capital structure, growth rates, margins) and detailed company reviews from S&P Global CapitalIQ. The detailed company analyses and the global stock screener are particularly useful for tax advisors who support their clients in selecting stocks and optimising their portfolios.
Charli
Automated analysis reports and portfolio dashboards:Charli is an advanced, automated analytics solution for equity research that creates comprehensive reports and portfolio dashboards with key insights (fundamental data vs. sentiment strength, buy/sell recommendations, fair market value). It provides regular updates without interaction and can integrate with leading financial data. Automated analysis reports and portfolio dashboards save tax advisors time and allow them to focus on strategic advisory for their clients.
FactSet
Comprehensive data and analytical commentary (high cost):FactSet offers comprehensive data and analytical commentary, but is expensive and requires a long familiarisation period. The comprehensive data and analytical commentary are valuable for tax advisors who need detailed analysis of companies and markets.
Perplexity
Intuitive search for specific information (limited monitoring features):Perplexity provides an intuitive user interface for searching specific information, offering basic financial data but limited monitoring capabilities. Intuitive search for specific information is useful for tax advisors who need to quickly find answers to specific questions.
AlphaSense
Access to exclusive content (high learning curve):AlphaSense provides access to exclusive content through interviews with company executives, valuable data for private companies and an advanced search engine, but requires in-depth industry knowledge and a long familiarisation period. Access to exclusive content is valuable for tax advisors who need detailed analysis of companies and markets.
FinChat
Easy operation and quick access to financial data:FinChat offers easy operation and quick access to financial data, but has limited automation features and the ability to create content like reports or audit trails. Easy operation and quick access to financial data are useful for tax advisors who need to quickly find answers to specific questions.
Bloomberg
In-depth research functions (high cost):Bloomberg offers in-depth research functions, but is expensive and requires a long familiarisation period. The in-depth research functions are valuable for tax advisors who need detailed analysis of companies and markets.
Morningstar
Detailed financial data and quality reports:Morningstar provides detailed financial data and quality reports. The detailed financial data and quality reports are valuable for tax advisors who need detailed analysis of companies and markets.
Koyfin
Customisable dashboards and comprehensive datasets:Koyfin offers customisable dashboards and comprehensive datasets. The customisable dashboards and comprehensive datasets are valuable for tax advisors who need detailed analysis of companies and markets.
Eulerpool
Fair value assessment and extensive historical data:Eulerpool provides fair value assessment and extensive historical data. The fair value assessment and extensive historical data are valuable for tax advisors who need detailed analysis of companies and markets.
TradingView
Community-based analyses and real-time data:TradingView offers community-based analyses and real-time data. The community-based analyses and real-time data are valuable for tax advisors who need a quick overview of market developments.
Simply Wall St.
Visual insights and unbiased analyses:Simply Wall St. provides visual insights and unbiased analyses. The visual insights and unbiased analyses are valuable for tax advisors who need a quick and understandable analysis of companies and markets.
justETF
Specialised in ETF investments:justETF specialises in ETF investments. The specialisation in ETF investments is valuable for tax advisors who support their clients in selecting ETFs.
Seeking Alpha
Community-driven investment ideas and market comments:Seeking Alpha offers community-driven investment ideas and market comments. The community-driven investment ideas and market comments are valuable for tax advisors who need a quick overview of market developments.
Aktienfinder.net, Aktien.guide, TraderFox
Tools for stock analysis and strategy development:Aktienfinder.net, Aktien.guide and TraderFox offer tools for stock analysis and strategy development. The tools for stock analysis and strategy development are valuable for tax advisors who support their clients in selecting stocks and optimising their portfolios.
Finviz, MarketScreener, YCharts
Professional analysis tools for financial advisors:Finviz, MarketScreener and YCharts provide professional analysis tools for financial advisors. The professional analysis tools are valuable for tax advisors who need detailed analysis of companies and markets.
Yahoo Finance
Free access to stock data and news:Yahoo Finance provides free access to stock data and news. Free access to stock data and news is valuable for tax advisors who need a quick overview of market developments.
Strategic combination of tools
How to use different tools optimally: The strategic combination of different tools can create synergies and enhance the efficiency of tax advisory. By combining different strengths, tax advisors can offer added value to their clients. Customising the selection of tools to individual needs is crucial. A legal framework requirement is compliance with the GDPR.
Successful use of evaluation tools in tax consulting requires a clear strategy and a solid understanding of different analytical methods. It is important to consider both fundamental and sentiment aspects to ensure an objective evaluation. Automating processes can enhance efficiency and minimize errors.
Fundamental vs. Sentiment Analysis
The importance of objective evaluation: Considering financial key figures and market sentiment is crucial for informed tax consulting. Emotional decisions should be avoided to ensure objective evaluation. Combining fundamental and sentiment analysis provides a comprehensive picture of the financial situation. An objective evaluation is essential for making informed decisions and minimizing risks.
Portfolio Visualisation and Analysis
Maintaining an overview: Portfolio visualisation and analysis are vital tools for risk management and performance optimisation. By visualising the portfolio, tax consultants can provide their clients with a better overview of their investments. Analysing the portfolio allows for the identification of diversification opportunities and risk minimisation. Effective portfolio visualisation and analysis enable you to maintain an overview and optimise performance.
Automation and Efficiency Enhancement
Saving time and minimising errors: Automating processes can significantly enhance the efficiency of tax consulting. Automated report generation and data updates save time and minimise the risk of errors. The use of intelligent alerts allows for quick responses to changes and well-informed decision-making. Automation of processes enables you to save time, minimise errors, and enhance efficiency.
The application of modern tools in tax consulting has already led to impressive results in numerous projects. Case studies show how the use of AI and automation has increased efficiency and improved the quality of advice. The liability and duty of care of the tax consultant must always be taken into account.
Examples from Practice
How tools are used in real projects: In one project, the use of AI-powered analysis tools reduced the time taken to prepare tax returns by 30%. Another project demonstrated how automating financial planning for companies could optimise tax burden and improve liquidity. The use of modern tools allows for increased efficiency and improved quality of advice.
Lessons Learned
What can be learned from successful projects: The right choice of tools is crucial for the success of tax consulting projects. It is important to consider the client's individual needs and requirements and to select the appropriate tools. Continuously adapting to new technologies is essential to remain competitive and consistently offer clients the best possible advice. The right choice of tools and continuous adaptation to new technologies are key to the success of tax consulting projects.
The future of tax consultancy will be significantly shaped by technological innovations. Artificial Intelligence (AI), machine learning, and blockchain technologies will fundamentally change the way tax consultancy is provided. It is important to engage with these developments early on to seize the opportunities and overcome the challenges. The new regulations must always be adhered to.
Artificial Intelligence and Machine Learning
Revolutionising tax consultancy: AI and machine learning enable automated data analysis and forecasts that were previously not possible. Personalised advice through AI will play an increasingly important role in the future. AI and machine learning will boost efficiency and improve the quality of consultancy.
Blockchain and Cryptocurrencies
New challenges and opportunities: The tax treatment of cryptocurrencies presents a new challenge for tax advisers. Blockchain technologies enable secure data transmission and could also be used in tax consultancy in the future. Blockchain and cryptocurrencies offer new opportunities, but also present new challenges.
Sustainability and ESG Criteria
The role of tax consultancy in sustainable investments: The consideration of ESG factors (Environmental, Social, Governance) is becoming increasingly important in investment decisions. Tax advisers can support their clients in financial planning by taking ESG criteria into account and promote sustainable business models. The consideration of ESG criteria will play an increasingly important role in the future.
The tax consultancy operates under strict regulatory frameworks. Compliance with laws and regulations is of utmost importance for tax consultants. Non-compliance can lead to significant penalties and the loss of licensing. The church tax FAQ provide further information on this.
Current Laws and Regulations
What tax consultants must consider: Compliance with data protection regulations (GDPR) is essential for tax consultants. Combatting money laundering and tax evasion also plays an important role. Compliance with laws and regulations is of utmost importance for tax consultants.
The Importance of Continuing Education and Certifications
Quality assurance in tax consultancy: Current training and further education are essential for tax consultants to meet current requirements. Certifications serve as a hallmark of quality and can enhance client trust. Continuing education and certifications are important tools for quality assurance in tax consultancy.
The implementation of new technologies in tax consulting comes with challenges. Data quality and security must be guaranteed. Employee acceptance and training also play an important role. Regulatory requirements must always be observed.
Data Quality and Security
Ensuring data integrity: Encryption and access controls are important measures for ensuring data quality and security. Regular backups and contingency plans are essential to prevent data loss. Ensuring data quality and security is of utmost importance.
Employee Acceptance and Training
The importance of change management: Training programmes and workshops can promote the acceptance of new technologies. Effective change management is essential to prepare employees for changes and to inspire them about the new technologies. Employee acceptance and training are crucial to the success of technology implementation.
The tax advisory sector is constantly evolving. Innovation and adaptability are crucial to future success. The adoption of new technologies to enhance efficiency and the focus on individual client needs are becoming increasingly important. Engaging with experts is advisable.
Summary of Key Insights
The Importance of Innovation and Adaptability: Continuously developing your skills and leveraging new technologies for efficiency gains are essential for future success. Innovation and adaptability are the keys to success in tax advisory services.
Outlook for the Coming Years
The Changing Face of Tax Advisory: In the coming years, the tax advisory sector will continue to change. There will be an even greater emphasis on individual client needs and sustainable, ethical advice. Tax advisory services will evolve further and adapt to changing requirements.
Government incentives and digitalization provide an excellent opportunity to optimize your tax advisory services and improve your financial situation. Whether it's digitizing your processes or deploying new tools, the available funding programmes and technological advancements make optimizing your tax advisory services attractive and financially feasible.
With a variety of software solutions and advisory offerings, there are numerous ways to enhance your tax advisory services. We at Enter offer comprehensive advice and support in selecting the right tools, meeting technical requirements, navigating the digitalization process, and avoiding potential issues.
By opting for a modern and efficient tax advisory approach, you are investing in the future of your business. You not only reduce your costs and secure higher efficiency, but also make a significant contribution to the digitalization of the economy.
Now is the perfect time to explore the opportunities for your business. Contact us today to start your personalized consultation and optimize your tax advisory services. Register for free and get an immediate initial assessment of your tax advisory digitalization needs.
The FAQ on church tax from the Federal Ministry of Finance provides detailed information on church tax.
The Federal Chamber of Tax Advisers (BStBK) provides the 2022 professional statistics for tax advisers.
The Federal Chamber of Tax Advisers (BStBK) publishes the 2023 professional statistics for tax advisers.
Wikipedia provides a general overview of the profession of tax advisers.
The Federal Ministry of Finance offers information on taxation.
Haufe provides information on the liability and care duties of tax advisers.
Why is professional tax consultancy important?
Professional tax consultancy helps in understanding the complex German tax legislation, avoiding tax pitfalls, and minimizing the tax burden. It's essential for individuals, freelancers, and companies.
What role does digitalization play in tax consultancy?
Digitalization and the use of AI are revolutionizing tax consultancy, enabling more efficient processing of tax returns and financial analyses, saving time and resources.
Which tools are particularly useful for tax consultants?
AI-powered tools like Rize Capital, global stock screeners like TIKR, and automated analysis solutions like Charli are particularly useful for creating real-time analyses, detailed company valuations, and comprehensive reports.
How can the strategic combination of tools improve efficiency?
The strategic combination of various tools can achieve synergy effects and enhance the efficiency of tax consultancy by optimally utilizing the individual strengths of each tool.
What are the benefits of automation in tax consultancy?
The automation of processes can significantly enhance the efficiency of tax consultancy, save time, reduce the risk of errors, and ensure an objective assessment.
What role do ESG criteria play in modern tax consultancy?
The consideration of ESG factors (Environmental, Social, Governance) is becoming increasingly important in investment decisions, and tax consultants can assist their clients in financial planning considering ESG criteria.
What regulatory frameworks must tax consultants consider?
Tax consultants must ensure compliance with data protection regulations (GDPR) and prevent money laundering and tax evasion to avoid severe penalties and loss of accreditation.
How can tax consultants ensure data quality and security?
Encryption, access controls, regular backups, and emergency plans are key measures to ensure data quality and security in tax consultancy.
