The core principle of WTS was to create something new: From the very start, we decided not to offer audit services in order to advise our clients free of any conflict of interest. In addition, WTS offers a special employee structure – something unique in the world of consulting. Our people have joined from industry, tax administration, international consulting firms and IT. They have many years of practical experience – yet another reason why we understand our clients’ individual needs better than others. As a result, we develop customised products and solutions from a single source with particular emphasis on a practical approach and ease of implementation.
WTS has the ability to manage complete or partial tax functions (Business Partnering). At the same time, we are driving forward the tax consulting of the future with our IT solutions, tax tools and research on the subject of artificial intelligence.
In 2003, we established our very own international taxation network, WTS Global. This network is now present in more than 100 countries and in the most important economic hubs worldwide. WTS Global is characterised by its high-profile partner companies and short response time. We can therefore provide our clients with optimal support in dealing with their cross-border issues.
At WTS, we believe in having an employee structure that combines expertise (from the fields of industry, consulting, tax administration and IT) in a unique way. This gives us a unique business approach and allows us to develop bespoke products for our clients. Thus, making their business more successful.
When the company was founded, we focused exclusively on consulting and deliberately refrained from conducting audits as we had anticipated the separation of auditing and advisory services required by the EU and now, tightened by the Financial Market Integrity Act (FISG). By so doing, we are creating the basis for a future-oriented partnership with our clients.
Corporate groups are a part of our DNA, and this is also reflected in our service offering. With our business partnering model, we have pioneered and developed an innovative tax consulting concept. In this model, we represent part or all of a company’s tax functions. This provides our clients with maximum flexibility and compliance security.
We see digitisation of the tax world as one of our key tasks and for this reason, we have established our own Centre of Excellence for Tax Technology. With our tax tools for various taxation disciplines, we are already one of the leading suppliers on the market. We are also at the forefront of artificial intelligence technology. For instance, we are working with various research institutes, one of which is the German Research Centre for Artificial Intelligence (Deutschen Forschungszentrum für Künstliche Intelligenz, DFKI) to pave the way for the development of automated and intelligent control solutions.
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