Are Robots Coming to Do Your Taxes?

You’ve heard the buzz. Artificial intelligence (AI) can write emails, plan vacations, and now, it claims to do your income taxes. We embrace technology that makes life easier. So, where do professionals fit into the complex world of your finances?

1. AI Isn’t a Tax Expert, and the IRS Doesn’t Accept “ChatGPT Said So.”

Tax law is never static. Court rulings, new legislation, and IRS memos create a constantly moving target. What worked last year might not work today.

AI models learn from existing data, but they often struggle to keep pace with these rapid changes. They can easily provide advice based on outdated rules or misinterpret the nuances of a new regulation. While AI can be a starting point for ideas, it can’t guarantee your tax return is accurate or compliant. You’ll need a human advisor who uses smart technology to get it right.

2. Computers Calculate; People Implement.

An AI might offer a tax-saving idea, but it won’t adapt that plan to your changing life and business goals or execute the strategy for you. Nor can it file the right forms or manage critical deadlines. A trusted advisor turns a good idea into real savings by handling matters in your best interest.

3. AI Can’t See the Whole Picture.

Tax planning isn’t just about the numbers; it’s about your life, your goals, your family, and your investments. Strategy requires understanding the trade-offs and seeing how financial decisions fit into your larger story.

AI can’t read between the lines of a conversation or anticipate your angst about an option you haven’t considered. The human element makes all the difference in crafting a strategy that’s truly right for you.

4. You May Want a Tool, but You’re Looking for an Advisory Partner.

When the unexpected occurs, the last thing you need is the silent hum of a computer. In moments of chaos, you need a partner who will pick up the phone and say, “We’ve got this.” We will. We are your advocates. We’re here to win at what matters most to you.

5. Your Time Is Better Spent Being You.

If you’re a roofer, your time is best spent on rooftops. If you’re a veterinarian, your focus should be on your patients. Your expertise drives your success. Our expertise saves you money and keeps you compliant. Trust us to use the best tools to get you the best outcomes.

6. The Cost of Getting It Wrong Can Be High.

Unvetted tax advice leads to real consequences: hefty fines, stressful audits, and even legal trouble. There’s no “undo” button for bad tax advice. Hire a professional for real savings and for peace of mind. As the IRS uses its own AI to flag returns for audits, having a tax expert in your corner has never been more important.

The Bottom Line

Artificial intelligence is a powerful tool, and we utilize it to enable us to pay more attention to you and your concerns. It cannot replace the experience, judgment, and personalized care of a dedicated tax professional.

Let us handle the complexities of US taxes so you can focus on what you care about most.