Tax Foresight

Tax research and planning software

4,3 /5 (6 reviews) Write a Review!

Tax Foresight Overview

What is Tax Foresight?

Tax Foresight is a cloud-based solution designed to help accountants, tax lawyers, and public bodies predict tax case outcomes using questionnaires, comparisons, and triage cases. It lets users train junior professionals to evaluate characterizing issues and identify important factors for providing accurate outcome prediction.

Key features of Tax Foresight include case notes, contract management, reporting, and case breakdown. It helps legal firms store information for cases in a unified database for future reference. The AI-enabled solution allows teams to compare ongoing legal cases with relevant previous situations and provide explanations of results.

Tax Foresight enables accountants to generate third-party reports based on insights gathered from past cases and advise clients on a suitable course of action. Tax lawyers can use the search functionality to find similar cases by outcomes and factors. It also allows public bodies to test the impact of various factors on a situation’s outcome in real-time.

Tax Foresight Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Subscription
Value for money

Contact Blue J Legal for pricing details.


Tax Foresight Features

Devices
Business size
S M L
Markets
United States, Canada
Supported Languages
English

Media

Tax Foresight quick find screenshot
Tax Foresight list of similar cases screenshot
Tax Foresight scenario test screenshot
Tax Foresight test result screenshot
U.S. TF economic substance classifier result
U.S. Tax Foresight filters by court decision.
U.S. Tax Foresight filters by court decision in a graph.
U.S. Tax Foresight classifiers
Tax Foresight video Tax Foresight screenshot: Tax Foresight quick find screenshot Tax Foresight screenshot: Tax Foresight list of similar cases screenshot Tax Foresight screenshot: Tax Foresight scenario test screenshot Tax Foresight screenshot: Tax Foresight test result screenshot Tax Foresight screenshot: U.S. TF economic substance classifier result Tax Foresight screenshot: U.S. Tax Foresight filters by court decision. Tax Foresight screenshot: U.S. Tax Foresight filters by court decision in a graph. Tax Foresight screenshot: U.S. Tax Foresight classifiers

Tax Foresight Reviews

Tax Foresight Reviews

Overall rating
4,3
/
5
Excellent
3

Very good
2

Average
1

Poor
0

Terrible
0

Value for Money
4
Features
4
Ease of Use
4,5
Customer Support
4,8
83% recommended this app
Verified Reviewer

Tax Foresight - Review

Overall, the experience has been good so far! It will be great if more scenarios can be included to further increase the usefulness of the tool.


Selina W.

Feedbacks

I believe Tax Foresight allowed me to reduce errors and saved tremendous amount of time while producing accurate results. I like the classifiers and case finders features that ensures the research is comprehensive.

Tax Foresight allowed me to strengthen customer relationships and build trust within the internal team. I can now streamline my research and produce quality tax advice to clients.


Eric F.

Useful in when it applies, which is rare

Tax Foresight is great for giving you a starting place on answers to some questions. It won't be great on difficult questions, and the number of classifiers is very limited. That said, it can help you surface relevant case law on some common issues (e.g. GAAR), which is quite helpful.


David P.

Tax Foresight is on the Forefront of Legal Technology

It's a great program that substantially cuts down research time, allows you to verify your intuition, and frees up more time to focus on other aspects of the client-attorney relationship.


Verified Reviewer

Taxforesight

Overall my experience has been positive, I foudnd the tool to be useful.


Verified Reviewer
Industry: Accounting
Company size: 10 000+ Employees

Tax Foresight - Review

Used Other for 1-5 months
Reviewed on 2019/05/17
Review Source: Capterra

Overall, the experience has been good so far! It will be great if more scenarios can be included to further increase the usefulness of the tool.

Pros

I like the user platform of Tax Foresight, as it is pretty easy to navigate and use. Instructions on the page itself is easy to follow as well. The reports that are generated are very nicely presented. There are also continuous customer support (ie: providing training sessions, sending emails etc.).

Cons

I think there can be more scenarios for the different tax issues that might come up. Currently, the number of circumstances are rather limited. And sometimes, the responses that can required might not be available from the client.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Selina W.
Industry: Accounting
Company size: 10 000+ Employees

Feedbacks

Used Monthly for 1-5 months
Reviewed on 2019/05/12
Review Source: Capterra

I believe Tax Foresight allowed me to reduce errors and saved tremendous amount of time while producing accurate results. I like the classifiers and case finders features that ensures the research is comprehensive.

Tax Foresight allowed me to strengthen customer relationships and build trust within the internal team. I can now streamline my research and produce quality tax advice to clients.

Pros

Tax Foresight is a powerful research engine that allows me to perform accurate research through case laws and precedent legal issues. It informs me the confidence percentage rating to determine how likely a court will rule the way of the predicted result, which allows me to triage my research needs. In addition, I can also revise my factors to increase/decrease the level of confidence. I like how Tax Foresight produces two sets of cases, "Similar Cases" and "References", which share factual features and important cases frequently cited in court judgments. Overall, I think Tax Foresight is an excellent tool that increased efficiency and comfort level in my research.

Cons

Although the current classifiers cover the most frequently searched and requested, there are still a lot of topics that are not available on Tax Foresight. However, I am confident that more topics will be added going forward as the number of users and recommendations increase.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Eric F.
Industry: Law Practice
Company size: 10 000+ Employees

Useful in when it applies, which is rare

Used Other for 1+ year
Reviewed on 2019/05/17
Review Source: Capterra

Tax Foresight is great for giving you a starting place on answers to some questions. It won't be great on difficult questions, and the number of classifiers is very limited. That said, it can help you surface relevant case law on some common issues (e.g. GAAR), which is quite helpful.

Pros

Provides a thorough walkthrough of questions that are relevant to a particular issue and allows you to change answers to see what the effect will be on the outcome. Also great a surfacing jurisprudence that most closely reflects your fact pattern.

Cons

There just aren't that many situations in which to use it because there are not very many classifiers compared with the number of questions a tax lawyer professional needs to answer. This is not a problem that the company can fix, the problem is that machine learning can only do so much, which leads to two problems.

First, machine learning requires a huge amount of input to be accurate and in Canada there just isn't enough jurisprudence available. Furthermore, tax legislation changes so often that the machine learning algorithm cannot rely on cases going back too far, which further limits the potential pool of input.

Second, machine learning still relies on human input to classify questions and answers. If the human trainer says that "these five issues" are generally determinative then that is what the algorithm will learn. As a result, it will miss edge cases (which is reasonable). But those edge cases are the ones that practitioners generally need the most help with. When a residency issue is straightforward, the algorithm will have no problem, but neither will the practitioner.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 5.0/10

David P.
Industry: Legal Services
Company size: 51-200 Employees

Tax Foresight is on the Forefront of Legal Technology

Used Other for Free Trial
Reviewed on 2019/02/22
Review Source: Capterra

It's a great program that substantially cuts down research time, allows you to verify your intuition, and frees up more time to focus on other aspects of the client-attorney relationship.

Pros

The final predictive outcome analysis also presents the user with a detailed legal analysis, foundational legal precedents, cases on point, etc. in a simple and easy to navigate format.

Cons

Only focused on Canadian law at the moment, but I am aware of plans to scale out to U.S. federal law.

Rating breakdown

Value for Money
Ease of Use

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Accounting
Company size: 5 001-10 000 Employees

Taxforesight

Used Monthly for 6-12 months
Reviewed on 2019/05/10
Review Source: Capterra

Overall my experience has been positive, I foudnd the tool to be useful.

Pros

The software is easy to use and I like how it allows you to easily cross reference the findings with actual court cases. This allows you to complete a lot of research relatively quickly.

Cons

There could be a wider variety of topics that the tool allows us to research.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 6.0/10

User recommendation
7,5/10
Based on 6 user ratings
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Tax Foresight Pricing

Tax Foresight Pricing

Starting from
N/A
Free Trial
Subscription
Value for money

Contact Blue J Legal for pricing details.

Contact Blue J Legal for pricing details.

Value for Money
4/5
Based on 6 user ratings
Compare value for money rating with alternatives
Compare with alternatives

Tax Foresight Features

Tax Foresight Features

API
Activity Dashboard
Automatic Notifications
Billing & Invoicing
Calendar Management
Case Management
Client Management
Client Portal
Collaboration Tools
Contact Management
Document Management
Document Storage
Expense Tracking
Invoice Management
Reminders
Reporting & Statistics
Search Functionality
Task Management
Third Party Integration
Workflow Management
Features
4/5
Based on 6 user ratings
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Categories

Additional information for Tax Foresight

Additional information for Tax Foresight

Key features of Tax Foresight

  • Contract Management

Benefits

- Search for similar cases based on factors and outcomes, rather than keywords
- Test in real-time how various factors affect the outcome of your situation
- Access insights from the entire body of relevant case law, updated weekly
- Harness software used by leading private firms and public bodies
- Gain unparalleled visibility into patterns in case law

Tax Foresight FAQs

Tax Foresight FAQs

Below are some frequently asked questions for Tax Foresight.

Q. What type of pricing plans does Tax Foresight offer?

Tax Foresight offers the following pricing plans:

Pricing model: Subscription

Free Trial: Not Available

Contact Blue J Legal for pricing details.

Q. What are the main features of Tax Foresight?

Tax Foresight offers the following features:

  • Contract Management

Q. Who are the typical users of Tax Foresight?

Tax Foresight has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Q. What languages does Tax Foresight support?

Tax Foresight supports the following languages:

English

Q. What type of pricing plans does Tax Foresight offer?

Tax Foresight has the following pricing plans:

Subscription

Q. Does Tax Foresight support mobile devices?

We do not have any information about what devices Tax Foresight supports

Q. What other apps does Tax Foresight integrate with?

We do not have any information about what integrations Tax Foresight has

Q. What level of support does Tax Foresight offer?

Tax Foresight offers the following support options:

Phone Support, Online Support, FAQs, Knowledge Base