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Tax Systems

OverviewSuggest Edit

Tax Systems is a company that supplies corporation tax and associated software and services to corporates and accountancy firms. It offers Alphatax, an end to end tax compliance solution, and Alphatag, a software that converts a Word or Excel document prepared for the statutory accounts to an iXBRL file in a format used for HMRC. The company also provides Alphatrac, a workflow software that offers a dashboard for status reporting of tax compliance process, and Alphacat, an application that enables companies to prepare and manage accounts filings reportable to HMRC. In addition, Tax Systems offers a range of professional services, such as strategic consulting, outsourced corporation tax compliance, iXBRL tagging, tax reporting, hosting, training and support services.

TypePrivate
Founded2003
HQDublin, IEMap
Websitetaxsystems.com
Employee Ratings4.9More

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Latest Updates

Employees (est.) (Sept 2020)94
Revenue (FY, 2018)£16.7 M(+11%)
Share Price (Aug 2018)$9.2 (-10%)
Cybersecurity ratingAMore

Tax Systems Office Locations

Tax Systems has offices in Dublin and Staines
Dublin, IE (HQ)
7 Herbert St, Grand Canal Dock
Staines, GB (HQ)
London Rd
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Tax Systems Financials and Metrics

Summary Metrics

Founding Date

2003
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Tax Systems Revenue

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Tax Systems's revenue was reported to be £16.66 m in FY, 2018
GBP

Revenue (FY, 2018)

16.7m

Gross profit (FY, 2018)

15.4m

Gross profit margin (FY, 2018), %

92.3%

Net income (FY, 2018)

970.0k

EBIT (FY, 2018)

691.0k

Cash (31-Dec-2018)

6.3m
GBPFY, 2016FY, 2017FY, 2018

Revenue

5.8m15.1m16.7m

Cost of goods sold

377.0k1.1m1.3m

Gross profit

5.4m14.0m15.4m

Gross profit Margin, %

93%92%92%
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GBPFY, 2006FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.4m5.0m4.2m3.5m6.3m

Accounts Receivable

2.2m2.8m3.6m

Current Assets

1.5m5.1m7.2m8.6m11.7m
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GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

(32.0k)(263.0k)(496.0k)6.4m8.5m

Cash From Investing Activities

(74.4m)798.0k(1.8m)

Cash From Financing Activities

(898.0k)5.3m72.1m(6.0m)(3.9m)

Net Change in Cash

(930.0k)5.0m(2.8m)1.3m2.8m
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Tax Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

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Tax Systems Online and Social Media Presence

Tax Systems's Trends

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Tax Systems News and Updates

December 06, 2019

When Precision is the Master and Administrability is the Servant: Tradeoffs in Tax Systems

Carrie Elliot considers the tradeoff between precision and administrability, noting that administrability can serve as a guide for simplification and practicality.
May 02, 2019

Smith & Williamson Reports That Tax Systems Are Not Threatened by St Kitts and Nevis's Citizenship Programme

LONDON, May 2, 2019 /PRNewswire/ -- A new report by British tax advisers Smith & Williamson concludes that St Kitts and Nevis's Citizenship by Investment (CBI) Programme does not threaten tax collection or reporting under the CRS. It is the second leading tax advisory to debunk the myth...
April 26, 2019

EY Findings Reinforced: St Kitts and Nevis Citizenship Programme Does Not Threaten Tax Systems - CS Global Partners

LONDON, April 26, 2019 /PRNewswire/ -- A second, internationally-leading tax advisory firm has compiled a report finding that St Kitts and Nevis' Citizenship by Investment (CBI) Programme does not threaten tax collection or reporting under the CRS. Smith & Williamson, headquartered in...

Tax Systems Blogs

September 07, 2020

BDO Webinar

BDO Webinar DIGITILISATION OF INDIRECT TAX In this webinar, presented in association with BDO, we look at drivers of digitalisation, the benefits for business and remaining technical challenges. We als…
September 07, 2020

Grant Thornton Webinar

Grant Thornton Webinar COVID-19 AND THE IMPACT ON TAX: WHAT'S CHANGED AND WHAT'S TO COME In this webinar, presented in association with Smith & Williamson’s Sunil Parmar, VAT Director, we explore h…
September 04, 2020

INTRO Webinar Series Smith & Williamson

INTRO Webinar Series Smith & Williamson SMITH & WILLIAMSON WEBINAR SERIES: MAKING TAX DIGITAL We’ll be running a series of webinars with respected advisor, Smith & Williamson, over the nex…
September 03, 2020

Webinar Series BDO

Webinar Series BDO SMITH & WILLIAMSON WEBINAR SERIES: MAKING TAX DIGITAL We’ll be running a series of webinars with respected advisor, Smith & Williamson, over the next six months during which…
September 03, 2020

Webinar Series Grant Thornton

Webinar Series Grant Thornton SMITH & WILLIAMSON WEBINAR SERIES: MAKING TAX DIGITAL We’ll be running a series of webinars with respected advisor, Smith & Williamson, over the next six months d…
September 02, 2020

Webinar Series Smith & Williamson sign up

Webinar Series Smith & Williamson sign up COVID 19 AND THE IMPACT ON TAX: WHAT'S CHANGED AND WHAT'S TO COME In this first session, presented in association with Smith & Williamson’s Sunil Parma…
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 Tax Systems Frequently Asked Questions

  • When was Tax Systems founded?

    Tax Systems was founded in 2003.

  • How many employees does Tax Systems have?

    Tax Systems has 94 employees.

  • What is Tax Systems revenue?

    Latest Tax Systems annual revenue is £16.7 m.

  • What is Tax Systems revenue per employee?

    Latest Tax Systems revenue per employee is £177.3 k.

  • Who are Tax Systems competitors?

    Competitors of Tax Systems include Avalara, Softron Tax and Netvisor.

  • Where is Tax Systems headquarters?

    Tax Systems headquarters is located at 7 Herbert St, Grand Canal Dock, Dublin.

  • Where are Tax Systems offices?

    Tax Systems has offices in Dublin and Staines.

  • How many offices does Tax Systems have?

    Tax Systems has 2 offices.