Taxflow

TL;DR

AI-powered platform that automates tax preparation workflows.
Reduces manual data entry, client chasing, and errors.
Ideal for US-based accounting firms and international tax practices.
Operates on a fixed-price model per completed tax return.

What is Taxflow

Taxflow is an AI-powered tax preparation platform designed for accounting firms and international tax practices. It solves the core problem of inefficient, error-prone manual tax preparation by deploying AI agents to automate the entire workflow. This includes client onboarding, data collection and review, transaction categorization, bookkeeping, tax form completion, and even e-filing. By handling these tedious tasks, Taxflow allows tax professionals to increase efficiency, reduce manual errors, and focus on higher-value client services.

Key Features

Automated Client Onboarding: Streamlines the initial client engagement process by automatically generating and managing engagement letters, making onboarding faster and more efficient.
AI-Powered Data Collection & Review: The system automatically collects and structures client data from various sources, reviews it for completeness, and notifies clients if essential information is missing.
Automated Bookkeeping & Tax Preparation: Accurately categorizes and reconciles transactions, generates financial statements, and uses an AI Tax Preparer to streamline tax form completion, ensuring accuracy.
End-to-End Workflow Automation: Manages the final steps of the process by automatically collecting e-signatures, e-filing returns with the IRS, and notifying clients upon completion.
Software Integration: Seamlessly connects with popular accounting software like QuickBooks and Xero, as well as the Microsoft 365 suite, to fit into your existing workflows.

Who is Taxflow for?

US Accounting Firms
International Tax Practices
Certified Public Accountants (CPAs)
Tax Professionals and Advisors
Startups requiring streamlined tax compliance

Key Use Cases & Applications

Automating the entire client tax lifecycle from engagement letter to e-filing.
Eliminating manual data extraction from PDF bank statements and corporate documents.
Streamlining bookkeeping by automatically categorizing and reconciling transactions.
Managing client communications and follow-ups for missing information automatically.
Scaling tax preparation services without proportionally increasing staff overhead.

Pros

Reduces time-consuming manual tasks and data entry.
Fixed, per-return pricing model offers cost predictability.
Maintains human oversight, as firms review and approve all AI-generated work.
Integrates with popular accounting software like QuickBooks and Xero.
Automates client communication and data chasing.

Cons

Pricing is not publicly listed, requiring a demo to get details.
May require a significant workflow change for traditionally structured firms.

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

What is Taxflow and how does it work?

Taxflow is an AI-powered platform that automates tax preparation for accounting firms. It uses AI agents to handle tasks like data collection, transaction categorization, and tax form preparation. Firms still review and approve all work, combining AI efficiency with human oversight to reduce costs and errors.

How does Taxflow's pricing work?

Taxflow uses a fixed-price model, charging a set fee for each completed tax return. This means you only pay for finished work, providing transparent and predictable costs without the uncertainty of hourly rates. For specific pricing details, you need to contact their sales team.

Is my firm's and clients' data secure with Taxflow?

Yes, Taxflow prioritizes data security. The platform utilizes advanced encryption and robust security protocols to ensure that all sensitive client and firm information is protected at all times.

Can Taxflow integrate with my existing accounting software?

Yes, Taxflow is designed to integrate seamlessly with popular accounting software, including QuickBooks and Xero, as well as productivity suites like Microsoft 365. This allows you to enhance your current workflows rather than completely replacing them.

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