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EY Survey: Corporate Tax Pros Turn to AI, Bots to Comply With TCJA

 

Nearly three-quarters (74 percent) of corporate tax professionals are dedicating extra time and technology resources, including artificial intelligence and bots, to help their companies comply with the Tax Cuts and Jobs Act, according to a new survey by Ernst & Young. Nearly two thirds of the corporate tax pros surveyed by EY (62 percent) reported using new technologies in their tax function, primarily robotic process automation for administrative efficiency (39 percent) and advanced data analytics (38 percent). Read more at Accounting Today.