how to leverage chatgpt during this crazy tax season

make tax season less taxing and more productive.

by sandi leyva and chatgpt

in the fast-paced world of tax preparation and accounting, time is of the essence. embracing chatgpt can dramatically transform your workflow, offering practical and actionable solutions to common challenges.

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here’s how you can put chatgpt to work, making this tax season less taxing and more productive, even if congress decides to pass a retroactive tax bill right in the middle of busy season.

quick draft generation

dive straight into efficiency with chatgpt’s ability to whip up drafts of essential documents – think procedures, forms, client instructions and checklists – in minutes. input your requirements and let ai handle the preliminary legwork, leaving you more time for fine-tuning and client interactions. this isn’t just about saving time; it’s about enhancing the quality and consistency of your client service delivery without the manual grind.

bookkeeping made easy

forget the endless hours of manual bookkeeping when it comes to those multiyear cleanup jobs. chatgpt steps in to help with unstructured reconciliations, transaction coding and account cleanup tasks. with ai’s speed, your days-long projects can be reduced to hours, paving the way for a chance to go home on time for a change. this isn’t just a shortcut; it’s a smarter way to handle reformatting nightmares that microsoft excel can’t easily do as well as specific bookkeeping tasks that take too long in intuit’s quickbooks software.

advisory on demand

chatgpt now doubles as your data analyst. from parsing financial statements to spotting trends and anomalies, let ai tackle the heavy lifting. need to evaluate a complex scenario or draft client advisory notes? chatgpt has you covered. by automating these analyses, you not only save precious time but also gain deeper insights, making informed decisions faster. this feature isn’t just an enhancement; it’s a game-changer for tax professionals.

strategic smarts

leverage chatgpt to apply strategic business methodologies like six sigma, thinking hats and dozens of other methodologies to your operations as well as your clients. input your objectives and let chatgpt outline applicable strategies, streamlining efficiency and decision-making. share your vision and chatgpt will draft a comprehensive plan, covering market analysis to execution strategies. chatgpt makes it easier to integrate effective strategies to drive business excellence.

take action now

the shift toward ai in the tax and accounting profession isn’t just coming; it’s here. chatgpt offers a suite of tools that can revolutionize your practice, from draft generation and bookkeeping to advanced data analysis and compliance. taking the time to learn chatgpt’s strengths and weaknesses will pay off almost immediately.

start integrating chatgpt into your workflow today and experience a more efficient, error-free and insightful tax season. remember, every minute saved is a minute earned for strategic planning and growing your practice. embrace chatgpt, and make this tax season your most productive yet.

and yes, this article was written by a custom gpt trained to model my writing style, then lightly edited by me.

want to learn more about chatgpt, including all of its new features? check out our courses on chatgpt, offered as a deep discount bundle or separately.