Filing your tax return…on your phone?

Filing your tax return is always a laborious process, but there's an easier way – via your smartphone.

Brad Smith, president and CEO of financial technology company Intuit, told CNBC at the Web Summit conference in Dublin, this was a "huge opportunity" for the tax software company.

"This next generation who's entering the work force doesn't think of doing anything unless it has a mobile device," Smith said.

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Intuit has developed Turbo Tax, an app that enables users to process their taxes on their smartphone by taking a picture of their employment form – such as the W-2 document in the U.S.

Intuit CEO Brad Smith.
David Paul Morris | Bloomberg | Getty Images
Intuit CEO Brad Smith.

The company is also focusing on a move from desktop services to the cloud, which has pushed up expenses.

In August the company, which has around 55 million customers around the world, reported a surprise loss for the fourth quarter, although revenue increased. Net loss for the three months to the end of July came in at $39 million – down from a $16 million loss the year before. Intuit now expects a decline of between 3-5 percent in revenue for fiscal year 2015.

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But Smith was bullish about the company's prospects, looking ahead. "It's hard to say any business is recession-proof, but it is certainly resilient," he told CNBC.

"Regardless of whether the economy is doing well or not, the government has to be paid."

- By CNBC's Katrina Bishop in Dublin