Hive Tax AI

TL;DR

What it is: An AI assistant designed specifically for tax research, planning, and advisory.
Primary Benefit: Dramatically reduces research time with accurate, cited answers from a curated database of tax laws.
Ideal User: Tax professionals, including CPAs, EAs, and financial planners who need reliable tax information quickly.

What is Hive Tax AI

Hive Tax AI is an AI-powered research and planning assistant built specifically for tax professionals and financial planners. It addresses the core problem of time-consuming and complex tax research by providing fast, accurate, and verifiable answers from a curated database of trusted tax resources. As a specialized AI Research Assistant, it streamlines workflows by delivering precise information with direct citations, allowing professionals to enhance their advisory services and ensure compliance with the latest tax laws.

Key Features

Efficient Tax Research: Leverages generative AI to analyze complex tax queries and provide relevant answers in seconds, saving users an average of 10+ hours per week.
Accurate & Cited Results: Pulls information exclusively from a highly curated database of primary tax sources, ensuring all responses are accurate, up-to-date, and include inline citations for easy verification.
Personalized Tax Planning: Utilizes an agentic AI workflow trained on over 100 tax strategies to analyze client data and generate in-depth, personalized tax plans that identify potential savings.
Secure Workspace: Prioritizes data security with features like automatic PII redaction, data encryption, and adherence to SOC II standards, ensuring sensitive client information remains protected.
Multiple Response Formats: Offers various output formats for its research, including detailed analysis, concise summaries, and client-friendly explanations, making it easy to use the information for different purposes.

Who is Hive Tax AI for?

Certified Public Accountants (CPAs): For conducting efficient tax research, verifying compliance, and developing client strategies.
Enrolled Agents (EAs): To quickly find answers to specific tax questions and stay current with changing regulations.
Financial Planners & Advisors: To grow their advisory services by offering comprehensive and personalized tax planning for clients.
Accounting Firms: To standardize research processes and improve the overall efficiency and accuracy of the team.

Key Use Cases & Applications

Answering Complex Tax Questions: Quickly getting cited answers to specific queries regarding federal or state tax law.
Creating Personalized Tax Plans: Analyzing a client's financial situation to generate tailored tax-saving strategies.
Streamlining Client Advisory: Drafting client-facing summaries and memos that explain complex tax concepts simply.
Validating Tax Positions: Verifying research and confirming tax strategies by checking against primary sources.
Enhancing Firm Efficiency: Reducing the non-billable hours spent on research to focus on high-value client services.

Pros

High Accuracy: Uses a curated database of authoritative tax sources, providing reliable answers with verifiable citations.
Significant Time Savings: Drastically reduces the time spent on manual tax research and planning document creation.
Strong Security Focus: Employs automatic PII redaction and SOC II compliant infrastructure to protect sensitive client data.
Dual Capabilities: Offers distinct, powerful tools for both tax research and strategic tax planning.
Designed for Professionals: The entire workflow, from queries to outputs, is built for the needs of tax and accounting professionals.

Cons

Features in Development: Some key functionalities, such as multi-file uploads and multi-user access, are listed as 'coming soon' and are not yet available.

Pricing Info

Research Plans

Plan name: Monthly
Price: $79/month
Features: Unlimited tax research, Primary Federal & State Tax Data, Inline Citations, Highlighted Key Text, Multiple Response Formats, Multi-file Uploads (coming soon), Tax Memo Drafting (coming soon), Multi-user Access (coming soon), In-House CPA Support.
Plan name: Yearly
Price: $799/year
Features: Unlimited tax research, Primary Federal & State Tax Data, Inline Citations, Highlighted Key Text, Multiple Response Formats, Multi-file Uploads (coming soon), Tax Memo Drafting (coming soon), Multi-user Access (coming soon), In-House CPA Support.

Planning Plans

Plan name: Starter
Price: $699/year
Features: 100+ Curated, Regularly Updated Tax Strategies, In-Depth Tax Return Analysis, Comprehensive & Personalized Tax Strategies, Always Up-to-Date with the Latest Tax Codes and Policies, Year-Round Tax Advisory with an Intelligent Planning Assistant, Automatic Redaction for Data Security, In-House Tax Advisor Support.

FAQs

How does Hive Tax AI ensure the accuracy of its answers?

Hive Tax AI maintains accuracy by using a highly curated database of authoritative sources, such as the Internal Revenue Code, Treasury Regulations, and other primary tax documents. It provides inline citations so users can verify the source of every piece of information.

Is my client's data secure on the platform?

Yes, Hive Tax AI prioritizes security. The platform features automatic redaction of Personally Identifiable Information (PII), data encryption, strict access controls, and is built on SOC II compliant infrastructure to protect sensitive data.

What is the difference between the Tax Research and Tax Planning tools?

The Tax Research tool is designed to answer specific tax questions quickly with cited sources. The Tax Planning tool is more comprehensive, analyzing a client's financial situation to generate detailed, actionable tax-saving strategies.

Can I try Hive Tax AI before purchasing a subscription?

Yes, Hive Tax AI offers a free trial that allows you to test the platform and its features. No credit card is required to sign up for the trial.

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