The article highlights eight underutilized tax software features that can improve efficiency for accountants. These include AI virtual assistants for fast, accurate tax advice, advanced tax planning and projections, integrated... Read More
Author: Ray Hardy
The article discusses how technology, particularly AI and automation, can significantly enhance the efficiency and accuracy of tax accounting firms. It explains how traditional methods lead to errors and inefficiencies,... Read More
The article discusses key accounting trends reshaping the industry, driven by advancements in AI and automation. It highlights the growing use of AI for tax compliance, cloud-based tax software for... Read More
The article explains how AI-powered tax compliance solutions help firms navigate complex global tax regulations. It discusses the challenges of staying updated on diverse and changing international tax laws, performing... Read More
The article explores how AI-powered accounting services help firms connect with gig economy clients. It highlights the growing need for tailored financial advice for freelancers, who often struggle with tax... Read More
The article explains how AI-powered tax software helps tax professionals optimize salaries for S Corporation clients by balancing wages and dividends. It ensures IRS compliance with ""reasonable compensation"" rules, automates... Read More
The article explains how AI-driven tax preparation software can help tax professionals maximize their clients' retirement contributions, particularly for S Corporation owners. By analyzing compensation and contribution patterns, the software... Read More
The article outlines five commonly overlooked tax credits that tax professionals can easily identify using AI-powered tax preparation software: the Earned Income Tax Credit (EITC), Child Tax Credit (CTC), American... Read More
The article highlights how AI-driven tax consulting software helps identify R&D tax credit opportunities efficiently. It scans client expenses to pinpoint those qualifying for credits under the IRS’s Section 41,... Read More
The article explains how AI-powered professional tax software can help tax preparers identify S Corporation tax benefits for clients. By splitting income between wages and distributions, S corp structures reduce... Read More