AI Tax Agent 'TaxCanvas' Unveiled

An innovative solution has emerged to resolve the inefficiency in information search and analysis, which has been a long-standing desire of tax professionals. Canvas & People officially launched 'Tax Canvas,' a generative AI-based agent platform exclusively for tax accountants, announcing a paradigm shift in tax work. Going beyond the limitations of existing keyword search methods, Tax Canvas allows tax accountants to input case overviews or issues in natural language, and within just 1 minute, it automatically categorizes and provides key issue summaries, various legal interpretations (theory A, theory B), and related administrative rulings, precedents, and legal provisions. This aims to dramatically shorten the time wasted on extensive data exploration and repetitive tasks, allowing tax accountants to fully concentrate on their core expertise, such as client consultations and strategy formulation. Tax Canvas's strength is not limited to simply providing quick information. Legal provisions, administrative rulings, and precedent data are regularly updated, and revised tax laws are immediately reflected within 3 business days, enhancing the accuracy and reliability of the information. In particular, the platform's practicality is demonstrated by its close collaboration with tax professionals with over 20 years of experience from the early stages of development, actively incorporating real-world inconveniences. The results of approximately 6 months of in-field proof-of-concept (PoC) prove that these efforts were not in vain. In tax consulting work, data search and analysis time was reduced by an average of over 90%, and in user satisfaction surveys, over 95% gave very positive evaluations regarding accuracy and convenience. Choi Won-jun, team leader at Jeongseong Tax Law Firm, expressed his expectation that Tax Canvas has reduced data search time by more than half, allowing him to focus on important tasks such as client consultations, and that this platform will establish itself as a trusted AI partner in the tax industry. Choi Ha-young, CEO of Canvas & People, also emphasized that Tax Canvas is a tool that dramatically improves work inconveniences for tax professionals and maximizes productivity, pledging to continue developing it into an even more powerful work support tool through ongoing collaboration with field experts. Tax Canvas, as a pivotal AI agent set to revolutionize the work efficiency of tax professionals, is presenting a new future for the tax industry.