Tax preparation and filing support

Problem

Tax preparation requires gathering documents from multiple sources, categorizing expenses against tax codes, identifying applicable deductions and credits, and populating forms—tedious work that consumes hundreds of hours during busy season. Missed deductions cost clients money; errors trigger audits.

Solution

The AI agent connects to the GL, bank feeds, and document storage to automatically gather and categorize all tax-relevant transactions. It identifies deductions and credits based on entity type and jurisdiction, flags items needing CPA judgment, and generates draft returns ready for review.

Benefits

• 50% less time on tax prep per return
• Fewer missed deductions from comprehensive scanning
• Consistent categorization across all clients
• CPAs focus on planning and advisory rather than data entry

How to get started

1. 1

   Connect financial data sources

   Link the GL (QuickBooks, Xero, or your platform), bank feeds, and document storage (Google Drive, Dropbox) where receipts and 1099s are uploaded. The agent needs a complete picture of the client's financial year.

2. 2

   Configure entity and jurisdiction rules

   Set the entity type (S-Corp, LLC, sole prop, etc.), filing jurisdiction, and any industry-specific deduction categories. The agent applies the correct tax code logic for each client.

3. 3

   Review and file

   The agent generates a draft return with a summary of deductions, flagged items requiring CPA judgment, and a comparison to prior year. The CPA reviews, makes adjustments, and files.

Recommended tools

Botkeeper, Truewind, Vic.ai. See the full list on the AI Accounting Agent pillar page.