At Diagnostax, we have a vision, to get tax advice to those who need it most.
At Diagnostax we have a vision, to get tax advice to those who need it most.
So, what is Diagnostax?
You might know Diagnostax as tax diagnostic software; a systematic process that identifies all of a client’s: tax advice needs, tax saving opportunities, allowances, incentives and reliefs.
But Diagnostax is not just a piece of software. We’ve gone beyond the tech to develop tax toolkits and ready-made tax advice services with everything an Accountant would need to reach out, discuss and drive clients forward to engage for tax advice. We’ve also created a Tax Panel of like-minded, personable, and commercial experts for tax advice in every area of tax. We want you to feel empowered, fully equipped and confident to deliver all the tax advice your clients need.
So, what is Diagnostax?
You might know Diagnostax as tax diagnostic software; a systematic process that identifies all of a client’s: tax advice needs, tax saving opportunities, allowances, incentives and reliefs. But Diagnostax is not just a piece of software.
We’ve gone beyond the tech to develop tax toolkits and ready-made tax advice services with everything an Accountant would need to reach out, discuss and drive clients forward to engage for tax advice. We’ve also created a Tax Panel of like-minded, personable, and commercial experts for tax advice in every area of tax. We want you to feel empowered, fully equipped and confident to deliver all the tax advice your clients need.
Do more with Diagnostax
Find out how some of our customers are using Diagnostax to grow their businesses and do more tax advice for their clients:
WANT TO KNOW MORE?
Find out more about the Diagnostax Subscription.
What’s the problem
Depending on the value of a client, the expertise of a firm and even more so the expertise of client facing individuals, clients are receiving a slightly different tax advisory service. Why?
Unlike completing a tax return, there isn’t an official systematic process for identifying and delivering tax advice.
Tax is inherently complex. Over 2017 alone, tax legislation increased at a pace of over two pages every single day. It’s a lot to keep up with. You would need an army of tax experts to spot every potential relief for every client.
Tax advisory expertise is like gold dust. Across the UK, there are only 17,000 studying and Chartered Tax Advisers nationwide.
How you do it now
Most accountants provide one, or two, or three, or maybe all of the below variations of tax advice services to their clients:
• Calculation and submission of a tax return.
• Assessment of circumstances against available allowances and reliefs.
• A discussion regarding a specific scenario e.g. property portfolio.
• A general assessment of broad key areas: corporate, personal and assessment if it is relevant e.g. R&D, CGT, IHT, etc.
How you do it now
Most accountants provide one, or two, or three, or maybe all of the below variations of tax advice services to their clients:
• Calculation and submission of a tax return.
• Assessment of circumstances against available allowances and reliefs.
• A discussion regarding a specific scenario e.g property portfolio.
• A general assessment of broad key areas: corporate, personal and assessment if it is relevant e.g. R&D, CGT, IHT, etc.
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What’s the problem
Depending on the value of a client, the expertise of a firm and even more so the expertise of client facing individuals, clients are receiving a slightly different tax advisory service. Why?
Unlike completing a tax return, there isn’t an official systematic process for identifying and delivering tax advice.
Tax is inherently complex. Over 2017 alone, tax legislation increased at a pace of over two pages every single day. It’s a lot to keep up with. You would need an army of tax experts to spot every potential relief for every client.
Tax advisory expertise is like gold dust. Across the UK, there are only 17,000 studying and Chartered Tax Advisers nationwide.
The result…
Not all clients are getting the tax advice they need, tax reliefs are being underutilised and clients are overpaying taxes.
Inheritance tax revenues have reached a record of over £5bn.
Marriage Allowance was claimed by less than 1 in 3 eligible taxpayers in 2016/17.
Multiple Dwellings Relief was claimed on an estimated 33% of eligible transactions in 2016/17.
An estimated 90% of eligible taxpayers are not aware of R&D relief.
So, we made it our mission, to simplify the tax advisory process and build enabling technology, so that accountants can consistently deliver valuable tax advice to all those individuals and businesses that need it.
The result…
Not all clients are getting the tax advice they need, tax reliefs are being underutilised and clients are overpaying taxes.
Inheritance tax revenues have reached a record of over £5bn.
Marriage Allowance was claimed by less than 1 in 3 eligible taxpayers in 2016/17
And the same year, Multiple Dwellings Relief was claimed on an estimated 33% of eligible transactions.
An estimated 90% of eligible taxpayers are not aware of R&D relief.
So, we made it our mission, to simplify the tax advisory process and build enabling technology, so that accountants can consistently deliver valuable tax advice to all those individuals and businesses that need it.
Introducing Diagnostax….
For those accountants who are looking to attract new clients, grow their firms and differentiate themselves from the ever-growing throng of cloud accountants, Diagnostax presents a new opportunity.
Introducing Diagnostax….
For those accountants who are looking to attract new clients, grow their firms and differentiate themselves from the ever-growing throng of cloud accountants, Diagnostax presents a new opportunity.
Generate personalised tax diagnostic
To get started input your client’s personal and financial details. The software analyses the details to generate an intelligent route of ‘Yes’ and ‘No’ questions, specific to your client, covering all areas of tax.
Complete tax diagnostic
As you complete the questions, explanation text and client engagement toggles, assist less experienced advisors through the consultation experience, as well as actively engaging the client.
Download tax diagnostic report
After all the questions have been answered, the software automatically generates a breakdown of all your client’s tax advisory needs, in a client view via your account, as well as a detailed downloadable report.
View tax issues & create action plan
Via the client view, prioritise the tax advisory needs identified, and access commercially worded follow up templates, to create a timely and prioritised plan that your client understands.
