{"id":252947,"date":"2026-05-22T23:33:00","date_gmt":"2026-05-23T03:33:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/22\/the-impact-of-artificial-intelligence\/"},"modified":"2026-05-23T00:00:08","modified_gmt":"2026-05-23T04:00:08","slug":"the-impact-of-artificial-intelligence","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/22\/the-impact-of-artificial-intelligence\/","title":{"rendered":"The impact of artificial intelligence"},"content":{"rendered":"

The impact of artificial intelligence<\/a><\/p>\n

https:\/\/tax.thomsonreuters.com\/blog\/the-impact-of-ai-on-the-tax-and-accounting-profession\/<\/a><\/p>\n

Publish Date: 2026-05-22 23:33:00<\/a><\/p>\n

Source Domain: tax.thomsonreuters.com<\/a><\/p>\n

The use of AI has already had a tremendous impact in many industries, and the tax and accounting sector is no exception.\u00a0<\/p>\n

In the\u00a0<\/span>Thomson Reuters 2025 Future of Professionals Report<\/span>, respondents estimated that AI would save them an average of\u00a0<\/span>five hours per week<\/span>\u00a0in the coming year. As automation and AI technologies continue to streamline tax preparation and compliance-related tasks, accountants have\u00a0a golden opportunity\u00a0to shift their focus toward more profitable\u00a0<\/span>advisory services<\/span>.<\/span>\u00a0<\/span><\/p>\n

But how do CPAs take advantage of emerging trends like agentic AI\u00a0and end-to-end automation?\u00a0Let\u2019s\u00a0look at the\u00a0impact\u00a0of AI\u00a0on\u00a0accounting and see how\u00a0automated preparation, research, and advisement, autonomous systems can\u00a0support a more profitable tax practice.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

Jump to \u2193<\/span><\/p>\n

What is the impact of AI on accounting preparation? <\/p>\n

How can AI support the shift to advisory services? <\/p>\n

What is the impact of AI on accounting roles in the workplace? <\/p>\n

What will be the impact of AI on accounting accuracy? <\/p>\n

AI-powered solutions from Thomson Reuters <\/p>\n

\u00a0<\/p>\n

What is the <\/span>impa<\/span>c<\/span>t<\/span>\u00a0of AI on accounting preparation?<\/span><\/span>\u00a0<\/span><\/span><\/h2>\n

Tax preparation\u00a0has long been\u00a0a cornerstone\u00a0for most practices. However, many forward-looking firms are increasingly focused on growth through not only traditional compliance but also through an\u00a0<\/span>advisory service model<\/span>\u00a0that incorporates value-based pricing, strategic client expansion, and technology integration.<\/span>\u00a0<\/span><\/p>\n

As\u00a0more and more\u00a0accounting firms make this shift,\u00a0<\/span>AI-powered software<\/span>\u00a0plays a pivotal role in\u00a0reducing time spent on routine preparation tasks.\u00a0By streamlining\u00a0data entry, document indexing, and compliance\u00a0research, accounting firms\u00a0have more bandwidth to home in on specialty services that\u00a0make use of their\u00a0expertise.<\/span>\u00a0<\/span><\/p>\n

How can AI support the shift to advisory services?<\/span><\/span>\u00a0<\/span><\/span><\/h2>\n

As AI increasingly handles many of the routine tasks traditionally performed by accountants, professionals can refocus…<\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":1,"featured_media":252948,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/tax.thomsonreuters.com\/blog\/wp-content\/uploads\/sites\/17\/2024\/03\/AdobeStock_586409731_A-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-252947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/252947"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=252947"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/252947\/revisions"}],"predecessor-version":[{"id":252949,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/252947\/revisions\/252949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/252948"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=252947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=252947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=252947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}