Jason On Firms Podcast 391 Tax Tech Predictions for 2025!
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Jan 1, 2025 As we approach 2025, exciting advancements in tax technology are on the horizon. The discussion highlights the importance of specialized tools and automation to streamline workflows. Innovations from companies like Liveflow promise to improve client interactions significantly. AI is transforming tax research and even the legal system, revolutionizing how firms operate. Additionally, we explore the future of tax preparation software and how AI will reshape user experiences and workflows.
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Broaden Tax Tech Focus
- Focus on tax tech beyond tax preparation software.
- Explore tools for information gathering, verification, and delivery.
Automated Tax Intake
- New tax intake tools use prior-year data to auto-generate document request lists.
- Clients can upload documents, automatically resolving checklist items.
Recommended Tax Intake Tools
- Use dedicated tax intake tools like Soroban, Stanford Tax, or SafeSend Gather.
- Don't rely on practice management systems for this function.