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AI in Accounting: Speeding Up Tax Preparation Processes

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Using AI and Automation to Speed Up Tax Preparation

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The technological boom of recent years has made it clear that artificial intelligence is not a passing trend but a tool that has arrived to redefine entire industries. In the case of accounting and taxation, the impact was inevitable: AI in accounting is already being used to automate calculations, organize large volumes of data, and reduce human errors. A 2025 report confirms this trend, noting that 45% of tax firms have already integrated AI-based solutions into their workflows.

Navigating the complex maze of tax codes, deductions, and financial reports has always been an overwhelming task for both taxpayers and professionals. The arrival of AI represents relief from these challenges, offering tools capable of simplifying processes that previously required hours of manual review. Tax preparation, once dependent on repetitive calculations and exhaustive checks, can now be accelerated thanks to intelligent systems that detect inconsistencies and suggest corrections in real time.

The latest evolution in this field is the direct application of AI to tax preparation, a trend that is rapidly transforming the way individuals and businesses meet their tax obligations. While the benefits are evident, questions also arise: data quality, the need for specialized talent, and trust in algorithm-based decisions are just some of them. The visible reality is that AI is changing tax preparation, but what can be expected in the near future?

How AI Helps in Tax Preparation and Filing

Artificial intelligence has become a key ally in simplifying tax season. Its ability to process large volumes of data, detect inconsistencies, and automate routine tasks allows taxpayers and professionals to work faster and more accurately. Yet one fundamental point must be understood: AI does not replace human judgment; it enhances it, offering tools that facilitate organization and reduce errors. The result is a clearer, safer, and more efficient filing process.

1. Automation of Calculations and Forms  

AI can perform mathematical operations and complete repetitive tasks automatically, reducing the risk of basic errors. This type of accounting automation frees up time for professionals to focus on strategic aspects, while taxpayers benefit from a faster and more reliable process.

2. Intelligent Data Review  

AI-based systems compare information across different forms and flag inconsistencies before submission. This function is especially useful for those managing multiple income sources. With the support of AI accounting tools, users can detect problems in real time and avoid unnecessary delays in processing their returns.

3. Scalability and Speed in Large Volumes  

AI enables the management of thousands of returns in parallel, something essential for accounting firms and platforms serving large numbers of clients. This level of efficiency is achieved thanks to AI accounting solutions, which combine automation with professional oversight to guarantee accurate and high-quality results.

4. Personalized Assistance in Real Time  

Chatbots and intelligent assistants provide immediate answers to simple questions, guiding taxpayers throughout the process. This interaction is complemented by access to verified accountants. The combination of AI and human support turns the experience of AI for accounting into a reliable and accessible resource for any user.

5. Security and Document Organization  

AI helps classify receipts, vouchers, and income records, ensuring that no relevant information is lost. It also guarantees that data is handled with appropriate security protocols. For taxpayers, this means greater peace of mind and less risk of errors due to disorganization, reinforcing trust in the tax preparation process.

The Future of Corporate Taxation: What Will AI Be Able to Do?

Artificial intelligence is no longer an experimental tool. Today, its implementation is closer to a strategic resource that opens the door to a future where tax compliance is faster, more accurate, and more transparent. The trend suggests that AI will not only simplify routine tasks but also support strategic decisions, transforming the way companies manage their tax obligations.

1. Automation of Credits and Deductions  

AI will identify and automatically calculate tax credits and applicable deductions, reducing the risk of errors and maximizing benefits. This advance integrates with existing accounting software, which already offers basic calculation functions but, with AI, will be able to handle more complex scenarios and adapt to changing regulations.

2. More Agile International Compliance  

Companies operating in multiple countries face diverse and demanding regulations. AI will facilitate the management of international taxes by analyzing local regulations and generating consistent reports. With the support of AI accounting, tax departments will be able to reduce research times and minimize compliance risks in global operations.

3. Optimization of Tax Strategies  

Beyond automation, AI is projected as a resource to support strategic decisions. Through simulations and predictive analysis, it will be possible to evaluate tax planning scenarios and anticipate financial impacts. The use of accounting AI software will allow companies to design stronger strategies aligned with their business objectives.

4. Security and Risk Analysis  

AI will also strengthen security in handling tax data, detecting anomalies and possible fraud attempts in real time. This type of predictive analysis will help companies act preventively and protect their information, making corporate taxation more reliable and less vulnerable to errors or external threats.

Taxfyle and the Use of AI in Tax Preparation

The incorporation of artificial intelligence into tax preparation platforms such as Taxfyle reflects a broader trend in the sector: the pursuit of efficiency and accuracy. Currently, these tools use AI to automate calculations, organize documents, and detect inconsistencies before a return is filed. The goal is to reduce frequent errors and provide a clearer process for both individual taxpayers and businesses.

One of the most relevant aspects is AI’s ability to accurately handle large volumes of information. In Taxfyle’s case, the integration of intelligent algorithms allows users to work with data from multiple forms and income sources in an organized way, providing confidence that the information submitted matches official IRS records.

Moreover, the use of AI in these platforms is complemented by the supervision of verified accountants, ensuring that automated decisions are backed by professional judgment. The result is a more transparent tax process, where automation simplifies the operational burden and human support guarantees the final quality of each return.

Legal Disclaimer

Tickmark, Inc. and its affiliates do not provide legal, tax or accounting advice. The information provided on this website does not, and is not intended to, constitute legal, tax or accounting advice or recommendations. All information prepared on this site is for informational purposes only, and should not be relied on for legal, tax or accounting advice. You should consult your own legal, tax or accounting advisors before engaging in any transaction. The content on this website is provided “as is;” no representations are made that the content is error-free.

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published

January 26, 2026

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Richard Laviña, CPA

Richard Laviña, CPA

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