Hosts:

• Abel Leon, EA - Director of Customer Support
• Rebekah Barton - Chief Visibility Officer

Date and Time:

Join us every Wednesday at 10:00 AM PDT with live Q&A. The first session will be on June 19th, 2024.

Overview:

Join us for an insightful live webinar in which we dive into the power of AI in the tax and accounting industry. Hosted by Abel Leon, EA, and Rebekah Barton, this session will showcase live use cases of AI in marketing, practice management, and tax research. We’re about to change the way you run your practice — forever.

What You'll Learn:

• Introduction to AI in Tax and Accounting:
  • Understand the basics of AI and its relevance to the tax and accounting profession.
  • Learn about the benefits of AI, including improved efficiency, accuracy, and cost reduction.
• Live Use Cases:
  • Marketing:
    • Discover how AI can optimize your marketing strategies and improve client engagement all year long.
  • Practice Management:
    • See how AI can streamline practice management tasks, freeing up time for you to have a better work-life balance or provide more value to existing clients.
  • Tax Research:
    • Explore AI-driven tools for tax preparation and compliance, including data extraction and error checking.

Course Outline:

I. Introduction

• Welcome and Objectives
• Brief introduction of hosts and purpose of the presentation.
• Outline key objectives: understanding AI use cases in tax and accounting, benefits, and practical examples.

II. Overview of AI in Tax and Accounting

• Definition of AI
  • Artificial intelligence (AI) is a branch of computer science focused on creating systems capable of performing tasks that typically require human intelligence, such as learning, reasoning, problem-solving, and understanding natural language.
• Benefits of AI in Tax and Accounting:
  • Efficiency and Accuracy: Automate repetitive tasks, reduce human error, and increase productivity.
  • Enhanced Data Analysis: Analyze large volumes of financial data quickly and accurately.
  • Cost Reduction: Lower operational costs by automating routine tasks.
  • Improved Compliance and Fraud Detection: Monitor transactions and financial activities in real time.
  • Personalized Client Services: Provide customized financial advice and solutions.
  • Scalability: Handle larger volumes of work without a proportional increase in resources.

III. AI Use Cases in Tax and Accounting

• Use Cases for Tax Preparation and Compliance
  • Benefits: Reduced errors, time savings, and improved accuracy.
  • Data Extraction:
    • "Extract all income details from the tax return."
    • "Identify and list all deductions claimed in this tax return."
    • "Summarize the credits applied in this tax return."
  • Error Checking:
    • "Check for discrepancies between reported income and provided documentation."
    • "Identify any missing information that may be required for this tax return."
    • "Highlight any potential errors or inconsistencies in the tax return.
    • Use Case for Marketing and Engagement
  • “I run a tax and accounting firm specializing in helping small business owners with under $1 million in annual revenue. Can you create a content calendar for me for one month?”
  • “I’m introducing new virtual CFO packages. Can you craft an email to my existing clients announcing the offering?”
  • “I want to develop a TikTok presence for my tax and accounting firm. Can you please create three scripts for me that I can use to create videos?” 

Why Attend?

• Gain insights into how AI can revolutionize your tax and accounting practice.
• Learn from industry experts with hands-on experience so you can offer enhanced client services.
• Discover actionable strategies to implement AI in your daily workflow.

Register Now:

Join us to explore the future of tax and accounting with AI and learn how to harness its power for your practice. Don't miss out on this opportunity to stay ahead of the curve!

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