Custom AI Agents Transform Tax Work
Marble, a pioneering company in AI development for tax professionals, aims to revolutionize the accounting industry with custom AI agents. As the accounting sphere grapples with significant labor shortages and increased complexity, AI offers a practical solution to automate tedious compliance and tax workflow tasks. With a recent $9 million seed funding, Marble positions itself to capitalize on the potential of AI in transforming tax and professional services.
Why Marble’s Launch Matters: Custom AI Agents for Tax Professionals
What Marble Built (Free Tax Research Tool)
Marble has introduced a free AI-powered tax research tool designed to convert complex government tax regulations into easily understandable citation-supported answers for accounting practitioners.
Why Agents Are a Natural Next Step for Tax Work
Given the vast potential of automation, AI agents can extend beyond research, offering functionalities to analyze compliance scenarios and automate tax preparation, thus improving efficiency within tax teams.
How Custom AI Agents Automate Tax Workflows
Examples: Research-to-Answer, Compliance Checks, Prep Automation
Custom AI agents can automate diverse tasks such as transforming research into direct answers, conducting compliance checks, and automating preparation processes, thereby enhancing operational efficiencies. Forbes reports that such AI-driven efficiencies can significantly reduce operational time in professional and financial services, allowing firms to refocus on advisory roles.
Which Tasks Are Highest ROI to Automate
Tasks involving repetitive data handling and compliance verification present the highest ROI when automated, substantially freeing up resources and improving margins.
From Research Tool to Conversational Assistants
How Conversational Agents Surface Citation-Backed Answers
AI conversational agents excel in providing clear, citation-backed responses to common queries by utilizing large language models trained on specific accounting datasets. Reports from Avalara and other tax technology providers highlight the growing reliance on automated assistants and AI-driven tools within finance and tax teams to surface up-to-date, regulation-aligned answers.
Agent Interactions: Query Handoff and Escalation to Humans
These agents handle initial client queries and smoothly escalate more complex issues to human advisors, thereby streamlining client interactions.
Building and Deploying Agents: AI Agent Development Best Practices
Training Agents on Tax Rules and Citations (RAG/Data Sources)
By leveraging retrieval-augmented generation (RAG) and diverse data sources, these agents are finely tuned to adhere closely to tax regulations and provide reliable outputs.
Integrations with Accounting Software and Firm Workflows
Seamless integration with existing accounting software and workflows ensures that the transition to automated systems is smooth and effective. Leading professional-services firms’ AI solutions emphasize integration with core systems as a key factor in successful deployments.
Security, Compliance, and Trust: Must-Haves for Tax AI
Data Handling, Certification, and On-Prem/Private Deployment Options
Marble prioritizes security by ensuring software compliance certification and options for private, on-premises deployments, which are crucial for maintaining trust in AI solutions. Data security remains the primary concern as major tax and legal information providers such as Thomson Reuters emphasize in their reports on AI adoption in professional services.
Auditability and Citation-Backed Outputs for Regulators
Ensuring that all outputs are audit-compliant and offering citation-backed answers aids in maintaining transparency and regulatory adherence.
Market Impact: What AI Agents Mean for Accounting Firms and Billing
How Automation Can Free Up Advisory Work vs. Billable Hours
The adoption of AI in accounting has the potential to transform practices by freeing professionals from billable hour constraints and enabling them to focus on higher-value advisory roles.
Adoption Barriers and How Firms Can Pilot Agents
Transitioning to AI tools can be daunting, but firms can start with pilot programs focusing on high-return activities before expanding their deployment.
Learn More About Encorp.ai’s Services
To explore how Encorp.ai’s AI Integration for Tax Filing can enhance your accounting processes with seamless QuickBooks, Xero, and NetSuite integration, visit Encorp.ai’s AI Tax Filing Assistance.
Visit Encorp.ai to discover more about our innovative AI solutions and how they can transform your business.
Marble's venture into AI-driven tax solutions might just revolutionize how accounting firms operate, heralding a new era of technological integration and efficiency in the tax industry.
Martin Kuvandzhiev
CEO and Founder of Encorp.io with expertise in AI and business transformation