The impact of digitalization on tax professionals

Digitalization and the associated rationalization of corporate processes reveals noticeable implications for the competitive situation of the tax advisory profession and threatens its existing business model. Since tax consultants act as data hubs between various stakeholders due to their central position, the transformation to a data-driven business model is obvious. In order to consolidate the privileged access to data - the foundation of the new business model - this article shows abstractly how data management can be carried out by using an integration model, which again can be leveraged to shape new areas of consulting.