How AI can transform the way accountants leverage tax research

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Summary

● AI-enabled tax research can streamline the process, improve decision-making, and enhance efficiency for accountants.
● GenAI can analyze tax laws, extract relevant information, and summarize key points in plain language, helping accountants deepen their understanding of tax law.
● Using AI with closed systems can ensure accuracy, privacy, and security when generating results.
● AI can simplify search terms with Natural Language Processing and provide timely prompts for proactive client service.
● Effective use of AI in tax and accounting can free up time for higher value tasks like strategic planning and expert advice, benefiting both firms and clients.

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