Source: CPA Practice Advisor

The CPA Practice Advisor article dated June 9, 2025, announces Instead’s launch of AI-driven tax reports designed to streamline tax preparation and filing for accounting professionals. The AI system automates data analysis, error detection, and compliance verification, improving accuracy and efficiency in tax reporting.

Instead’s solution aims to reduce manual workload, speed up processing times, and minimize errors in complex tax environments. The article explains how the AI uses advanced algorithms to parse financial data and generate detailed tax reports that comply with current regulations.

The innovation is positioned as a competitive advantage for accounting firms seeking to modernize their services. It also reflects the broader trend of AI adoption in finance and tax law, raising considerations about data security and regulatory oversight.