Don Farmer's Tax Practice of the Future: Using AI to Gain Efficiency, Improve Results, and Transform Compliance into Advisory

Overview

Artificial intelligence (AI) is rapidly changing the way tax professionals work, creating new opportunities to increase efficiency, enhance the quality of client service, and expand advisory capabilities. This course explores the practical application of AI technologies within the tax function, including workflow automation, tax research, data analysis, document review, client communications, and compliance processes. 

Participants will learn how AI-enabled tools can streamline routine tasks, reduce manual effort, and improve the accuracy and consistency of tax deliverables. The course also examines how firms and finance departments can leverage AI-generated insights to move beyond compliance-focused engagements and deliver higher-value strategic advisory services. In addition, attendees will discuss governance, risk management, ethical considerations, data security, and professional responsibilities associated with the use of AI in tax practice. 

Through real-world examples and practical use cases, participants will gain a framework for evaluating, implementing, and governing AI solutions while positioning themselves and their organizations for the future of tax and finance.

Highlights

• Overview of artificial intelligence and its evolving role in tax and finance  
  
• Current AI tools and technologies applicable to tax practice  
  
• Automating tax research, compliance, and workflow processes  
  
• Using AI to improve data analysis, document review, and reporting accuracy  
  
• Enhancing client communications and service delivery through AI-enabled solutions  
  
• Identifying opportunities to transform compliance activities into advisory services  
  
• AI-driven insights for strategic tax planning and decision-making  
  
• Risk management, governance, and controls for AI implementation  
  
• Ethical considerations and professional responsibilities when using AI  
  
• Data privacy, security, and regulatory considerations  
  
• Best practices for evaluating, adopting, and integrating AI within tax functions  
  
• Future trends and emerging opportunities in AI-powered tax practice

Prerequisites

None

Designed For

CPAs, tax and finance professionals by providing actionable insights and practical tools to harness AI’s transformative potential while preparing for the evolving role of the modern tax advisor.

Objectives

• Identify current and emerging AI technologies relevant to tax and finance professionals.  
• Recognize opportunities to improve efficiency and accuracy across tax compliance, research, and reporting activities through AI-enabled tools.  
• Evaluate how AI can support the transition from traditional compliance services to higher-value advisory engagements.  
• Assess risks, ethical considerations, and governance requirements related to the use of AI in professional practice.  
• Develop practical strategies for incorporating AI into tax workflows while maintaining professional standards and regulatory compliance. 
  
   

Preparation

None