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Tax Planning Software

Over the last the ten years tax planning software has taken an adhoc, manual, time consuming process to a new level of efficiency and effectiveness.

In the US the main suppliers of tax planning software are:

Tax Planner Pro
Bloomberg Tax
Planner CS
Exec Plan

To date, Australia has lagged behind the US in the adoption and use of tax planning software. Although Australian tax planning revenue exceeds $330 million pa, the majority of tax planning is still done manually, on an adhoc basis. The process is often as primitive as an excel spread sheet or a piece of paper with a few numbers scribbled on it.

Searching for ‘Australian tax planning software’ in Google shows:

TaxFitness – ($55/month)
Tax Strategist – ($165/month)
Change GPS – ($330/month)