About 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.

Key benefits of Tax Foresight

- 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

Devices

Business size

S M L

Markets

Canada, United States

Supported Languages

English

Images

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
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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

Features

Total features of Tax Foresight: 20

  • Ad hoc Analysis
  • Ad hoc Reporting
  • Case Management
  • Chat/Messaging
  • Client Portal
  • Contract/License Management
  • Customizable Reports
  • Database Support
  • Document Management
  • Document Storage
  • Progress Reports
  • Question Library
  • Real Time Analytics
  • Real Time Reporting
  • Reporting & Statistics
  • Risk Assessment
  • Scenario Planning
  • Status Tracking
  • Tax Filing
  • Training Management

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Reviews

Overall rating

4,3 /5
(6)
Value for Money
4/5
Features
4/5
Ease of Use
4,5/5
Customer Support
4,8/5

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Showing 5 reviews of 6
Verified Reviewer
Overall rating
  • Industry: Accounting
  • Company size: 10 000+ Employees
  • Used Other for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Tax Foresight - Review

Reviewed on 2019/05/17

Overall, the experience has been good so far! It will be great if more scenarios can be included...

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.

Selina W.
Overall rating
  • Industry: Accounting
  • Company size: 10 000+ Employees
  • Used Monthly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Feedbacks

Reviewed on 2019/05/12

I believe Tax Foresight allowed me to reduce errors and saved tremendous amount of time while...

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.

Eric F.
Overall rating
  • Industry: Law Practice
  • Company size: 10 000+ Employees
  • Used Other for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 5.0 /10

Useful in when it applies, which is rare

Reviewed on 2019/05/17

Tax Foresight is great for giving you a starting place on answers to some questions. It won't be...

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.

David P.
Overall rating
  • Industry: Legal Services
  • Company size: 51-200 Employees
  • Used Other for Free Trial
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 10.0 /10

Tax Foresight is on the Forefront of Legal Technology

Reviewed on 2019/02/22

It's a great program that substantially cuts down research time, allows you to verify your...

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.

Verified Reviewer
Overall rating
  • Industry: Accounting
  • Company size: 5 001-10 000 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

Taxforesight

Reviewed on 2019/05/10

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

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.

Showing 5 reviews of 6 Read all reviews

Tax Foresight FAQs

Below are some frequently asked questions for Tax Foresight.

Tax Foresight offers the following pricing plans:

  • Starting from:
  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Blue J Legal for pricing details.

We do not have any information about Tax Foresight features

Tax Foresight has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

Tax Foresight supports the following languages:

English

Tax Foresight supports the following devices:

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

Tax Foresight offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

Related categories

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