How Robots and A.I. Are Revolutionizing the Tax Season

Tax season has arrived again and everyone is working crazy hours to fulfil their obligations. However, this season brings a refreshing and long-awaited wave of innovations that aim to put an end to the pain of repetitive manual data entry for good: artificial intelligence bots. Yes, most people will read this and think "It was about time, eh?", but for those who are a little bit more familiar with the tax environment it's fair to say that this can be a game-changer. A.I. can bring dramatic impacts to a wide range of industries, and its effects have already begun for a considerable number of small businesses, CPA practices, and bookkeeping practices worldwide; even the White House is a big supporter of the cause. So this is how it works: most commonly, A.I. is being brought to the tax scene in the form of automated data entry bots, which allow people to enter data from receipts and bills using their smartphone cameras.