Taxfyle Unveils TXF Intelligence: A Revolutionary AI Tool for Tax Solutions

Taxfyle has launched TXF Intelligence, a generative AI tool aimed at automating tax return preparation for small tax and accounting firms in the U.S. Recognizing that small preparers often lack access to the advanced software utilized by larger firms, TXF Intelligence aims to level the playing field by streamlining processes from data collection to tax return completion within existing systems. With the average technology budget for large firms at $312,191 compared to just $10,459 for smaller ones, this tool enhances efficiency through automation of data entry and document processing while integrating with popular platforms like Intuit ProConnect and Drake Tax. CEO Richard Laviña stated that TXF Intelligence allows small firms to embrace advanced technology without disrupting current workflows. Additionally, firms can connect with Taxfyle’s network of 7,000 licensed CPAs for further support. The rise of AI in accounting has been significant, with a growing demand from both professionals and clients.

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