AI and Tax: Navigating the latest trends

As tax and accounting professionals navigate an increasingly complex regulatory landscape, the strategic application of AI is emerging as a key differentiator between firms that thrive and those that struggle to keep pace. With the potential to automate routine tasks, enhance audit practices, and inform strategic decision-making, AI is poised to revolutionize the industry. This month, we're exploring the latest insights and strategies to help you harness the transformative power of AI and drive lasting value for your clients and your firm.

How accounting firms can break out of comfort zones

Organizations that fail to adapt to new technologies lose up to 25% of their potential revenue annually due to inefficiencies and missed opportunities. Accounting firms risk becoming obsolete by sticking to manual processes and outdated software, missing out on efficiency gains and higher-value services like advisory and risk analysis. Are you ready to break free from the status quo? Find out how to help your firm break out of its comfort zone.

Q&A: How AI can help accountants with auditing 

AI can automate complex audit tasks, such as data extraction and journal entry testing, freeing up time for higher-value work. One firm reported a 50% reduction in time spent on sampling and data collection. Are you ready to amplify your audit practice with AI? Learn how CoCounsel can help.

Navigating tax reform: Strategies for firms to mitigate hidden costs

As tax reform reshapes the regulatory landscape, accounting firms face rising hidden costs that threaten profitability and client retention. 60% of firms struggle with increased compliance risks and reduced client bases due to higher operational costs. By adopting strategic approaches like technology adoption and advisory service expansion, firms can navigate complexity and deliver lasting value. Learn more about navigating tax reform.

Accounting client retention: How to advise clients in changing times

75% of firms surveyed said their clients strongly desire more tax and business advice, and 34% of firms cited advisory as being most critical to their growth strategy in 2025. As clients navigate persistent inflation, recession worries, and recent tax legislation changes, firms can strengthen trust and demonstrate value by providing proactive guidance. Can your firm deliver the strategic advice clients need to stay ahead? Learn More Now.

Navigate the One Big Beautiful Bill: AI research strategies for tax professionals webcast

With the "One Big Beautiful Bill" bringing sweeping changes to individual and business tax provisions, tax professionals need a strategic approach to stay current. Advanced AI prompting can transform research workflows, helping you quickly navigate complex provisions like enhanced QBI deductions and modified SALT limitations. Can you afford to fall behind? Watch On-Demand Now.

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