How to prepare your tax function for AI: 4 essential pillars

Is your 2025 tax strategy keeping pace with your growth plans? CFOs across industries are investing in AI, preparing for deals, and responding to shifting regulations. But many are overlooking the tax impacts. Download MGOCPA’s summary of the 2025 CFO Outlook to see what’s ahead — and what actions matter most. https://hubs.la/Q03PW7ZB0

AI is reshaping the tax landscape. At the ITR (International Tax Review) AI in Tax Forum 2025, global tax leaders explored how AI is transforming tax operations, reporting and decision-making. The message was clear: AI adoption is no longer optional, it’s a strategic necessity! From building strong data foundations to embedding governance and human oversight, early adopters are setting the pace for the future of tax. Our latest blog highlights key takeaways from the event and offers practical insights to help your organisation navigate an AI-driven tax future. Read more: https://lnkd.in/ekwWJwC4

At CPA Trendlines: The Power of 10X: Achieving AI-Powered Growth for CAS Advisory: From Historian to Navigator: Building a 10X Advisory Firm A new handbook from CPA Trendlines, 10X Advisory in the AI Era, distills proven operating models and tools for firms seeking to grow advisory capacity, to price on value, and to … Continued Go PRO for members-only access to more Eric Eager. http://dlvr.it/TNvTTH #CPA #tax #accounting

At CPA Trendlines: The Power of 10X: Achieving AI-Powered Growth for CAS Advisory: From Historian to Navigator: Building a 10X Advisory Firm A new handbook from CPA Trendlines, 10X Advisory in the AI Era, distills proven operating models and tools for firms seeking to grow advisory capacity, to price on value, and to … Continued Go PRO for members-only access to more Eric Eager. http://dlvr.it/TNvTTJ #CPA #tax #accounting

Are you leveraging AI to revolutionize your tax strategy? Imagine reducing human error in your tax processes — it's not just a dream! Avalara’s development of an Agentic AI Workforce is making waves in tax compliance, promising to transform operational efficiencies with AI's precision. This isn't just about technology; it's about strategic business growth. Here’s the scoop: - **Accuracy and Efficiency**: AI ensures correct tax calculations, dramatically reducing errors. Did you know that simple calculation mistakes can lead to audits and potential fines? - **Scalability**: As your business grows, Avalara’s AI grows with it — no need for more hires just to keep up with transactions. - **Cost and Time Savings**: The AI handles routine compliance tasks, enabling your team to focus on strategic financial planning. This means more resources for core business activities, less time wrestling with tax compliance. But what about future prospects? The integration of AI in tax compliance can lead to real-time updates to tax laws, seamless connections with your financial systems, and even predict compliance issues before they become problems. And beyond technology, strategic giving can serve as a tax-saving strategy too. Integrating smart philanthropy can potentially reduce your taxable income and align fiscal responsibilities with charitable goals. How might AI transform your business's approach to tax compliance and strategic financial planning? PS. Are you utilizing all available tools to minimize tax liability and maximize business growth potential? #TaxStrategy #BusinessGrowth #Innovation

At CPA Trendlines: The Power of 10X: Achieving AI-Powered Growth for CAS Advisory: From Historian to Navigator: Building a 10X Advisory Firm A new handbook from CPA Trendlines, 10X Advisory in the AI Era, distills proven operating models and tools for firms seeking to grow advisory capacity, to price on value, and to … Continued Go PRO for members-only access to more Eric Eager. http://dlvr.it/TNvTTP #CPA #tax #accounting

Earlier this week, I attended an internal session on KPMG’s Digital Gateway - our AI-enabled platform that’s transforming how we deliver tax and legal services, from real-time collaboration to secure access to cutting-edge GenAI tools. If you’re wondering where to start with AI in tax, this article by Chris Rogers and Christoph Steiner is a must-read. It cuts through the hype and offers a practical roadmap for identifying high-impact use cases; from due diligence and R&D claims to VAT anomaly detection and permanent establishment risk assessments. https://lnkd.in/eWaBFsqA Whether you're exploring tactical improvements or planning end-to-end transformation, the key is to start and Digital Gateway makes that easier. Curious about how Digital Gateway or AI in tax could support your business? Let’s chat. #DigitalGateway #AIinTax #TaxTransformation #GenAI #Innovation #TaxTech

🎯 Picture this: you're navigating the labyrinth of tax regulations, aiming for compliance yet fearing errors. A few years back, I faced this very challenge, where oversight felt inevitable. But then, AI came into play. 📊 What I learned: - AI tools can dissect tax regulations and client data, pinpointing potential savings. - The IRS finds that 70% of taxpayers overpay due to missed deductions. - Leveraging AI minimizes these errors, boosting accuracy and client satisfaction. 🤔 So, how can you optimize your tax compliance with AI? - Explore AI platforms that specialize in tax analysis. - Integrate AI with your existing systems for seamless data flow. - Stay updated with AI advancements to continually refine your processes. 🗨️ Have you used AI in tax compliance? Share your experiences below! #TaxTech #AIDriven #Compliance #TaxOptimization #InnovationInTax #ClientSuccess #DataDriven #TaxProfessionals #Efficiency #TaxPlanning #IRSCompliance #AIInsights #TaxStrategy #FinancialAccuracy #TaxSavings

Clients bringing in “AI-generated” tax strategies? They might look solid—but are they compliant? The AI Revolution in Tax Practice shows where AI trips up (documentation, timing, safe harbors) and how you can step in as the trusted expert. 🔗 Check it out: https://hubs.li/Q03R7C1c0 #TaxTech #AIinAccounting #AccountingRisk #InsightfulAccountant

Adoption fails when trust is missing. Build trust into the workflow. Trust grows when teams document how data is used, review outputs, and show the decision path from notice intake to resolution. Establish a clear record that details who made approvals and when, alongside agency discussions and requests. This transparency enables you to communicate any risk indicators to executives in straightforward terms. This turns AI assistance into accountable decisions that leaders can explain. #TaxComplianceAutomation https://hubs.la/Q03QXWHb0