AI adoption is accelerating rapidly in tax and accounting, with professionals increasingly optimistic about how it will benefit their practices according to the most recent Future of Professionals Report from Thomson Reuters Institute.
Tax season is an appropriate time for these professionals to consider how AI can truly be a “force for good.” AI tools—specifically, generative AI (GenAI)—are impacting the tax profession in many ways: how tasks are performed, how clients are served, and how skill sets need to change. If there’s one word that can summarize that impact, it’s efficiency. This guide will discuss how tax, accounting, and finance professionals can maximize AI’s many benefits—and address the legitimate concerns they have about this evolving technology.
To dig deeper, visit the original article on the Thomson Reuters blog.