The impact of artificial intelligence
The impact of artificial intelligence
https://tax.thomsonreuters.com/blog/the-impact-of-ai-on-the-tax-and-accounting-profession/
Publish Date: 2026-05-22 23:33:00
Source Domain: tax.thomsonreuters.com
The use of AI has already had a tremendous impact in many industries, and the tax and accounting sector is no exception.
In the Thomson Reuters 2025 Future of Professionals Report, respondents estimated that AI would save them an average of five hours per week in the coming year. As automation and AI technologies continue to streamline tax preparation and compliance-related tasks, accountants have a golden opportunity to shift their focus toward more profitable advisory services.
But how do CPAs take advantage of emerging trends like agentic AI and end-to-end automation? Let’s look at the impact of AI on accounting and see how automated preparation, research, and advisement, autonomous systems can support a more profitable tax practice.
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What is the impact of AI on accounting preparation?
How can AI support the shift to advisory services?
What is the impact of AI on accounting roles in the workplace?
What will be the impact of AI on accounting accuracy?
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What is the impact of AI on accounting preparation?
Tax preparation has long been a cornerstone for most practices. However, many forward-looking firms are increasingly focused on growth through not only traditional compliance but also through an advisory service model that incorporates value-based pricing, strategic client expansion, and technology integration.
As more and more accounting firms make this shift, AI-powered software plays a pivotal role in reducing time spent on routine preparation tasks. By streamlining data entry, document indexing, and compliance research, accounting firms have more bandwidth to home in on specialty services that make use of their expertise.
How can AI support the shift to advisory services?
As AI increasingly handles many of the routine tasks traditionally performed by accountants, professionals can refocus…
