Embracing Integration in Your Tax Workflows
Defining the Digital Tax Workflow
An end-to-end digital tax workflow is a fully integrated process that leverages technology to manage every aspect of preparing a tax return – and beyond – from the initial client interaction to the final review and submission. By digitizing every step, firms can use automation and artificial intelligence (AI) to streamline traditional tax preparation, minimize manual input, and maximize efficiency and accuracy.
Benefits of an Integrated Digital Tax Workflow
Improved efficiency and time savings with automation of repetitive tasks, faster review and processing, and centralized data storage. Unlike manual workflows, digital workflows can be quickly adapted to changing client or firm circumstances.
Enhanced client experience with seamless communication, faster response times, and more personalized service.
Elevated professional roles with automated routine tasks that allow tax professionals to focus on higher-level analysis and advisory work, accelerating professional development.
Improved accuracy and compliance by implementing digital workflows that reduce the potential for human error, provide real-time (or near real-time) updates on tax laws, and create a clear audit trail.
Scale and grow more easily, support additional clients and services with the same staff, onboard new clients, handle complex tax returns, and integrate their workflows with
other business tools.
Improved work-life balance by improving workflow efficiency to reduce the long hours typically associated with tax season, a key component of talent retention.