Accountants vs. free tax software: Which is right for you | TheStreet

Accountants vs. free tax software: Which is right for you | TheStreet

Accountants vs. free tax software: Which is right for you | TheStreet

As tax season rolls around, the maze of numbers and laws can be daunting for many. With free tax preparation services like TurboTax and H&R Block helping, the question arises: should you navigate the tax season with these platforms or opt for a personal accountant? Dan Geltrude, a managing partner at Geltrude & Company, sheds light on this dilemma during his chat with The Street, emphasizing the complexity of tax laws and the potential benefits of professional help.

Geltrude compares doing your taxes to performing surgery on yourself – it’s not advisable unless you know exactly what you’re doing. While free tax software can be a boon for those with a clear understanding of their financial situation and tax obligations, the intricate nature of tax laws often means that seeking professional advice could lead to better economic outcomes. The investment in a reputable tax preparer, according to Geltrude, usually pays off by maximizing returns and minimizing errors.

Adding a twist to the tale, TurboTax and H&R Block have introduced AI chatbots to answer customer queries this tax season. Geltrude acknowledges the growing role of AI in our lives, including its application in tax preparation. While he cautions that AI isn’t perfect and users should be wary of the advice received, he also recognizes it as the future of tax assistance. AI services could be a valuable resource for those comfortable with the technology.

As we navigate the complexities of tax season, the choice between digital platforms and personal accountants reflects our comfort with technology and the complexity of our financial lives. With AI’s role in tax preparation on the rise, the future of tax filing may be at the crossroads of technology and traditional expertise………..full-loaf-600x400-1-e1700879832480 Accountants vs. free tax software: Which is right for you | TheStreet[read more]

Rising Dough

Rising-Dough-e1700879911412 Accountants vs. free tax software: Which is right for you | TheStreetConsidering the evolution of tax preparation services with the integration of AI, how might this technological advancement impact the relationship between tax professionals and their clients, and what does it mean for the future job market in this sector?

*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.

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stone-street-coffee-logo Accountants vs. free tax software: Which is right for you | TheStreet ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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2cf37718edc7d11d5d4b053d6b855a58?s=56&d=mm&r=g Accountants vs. free tax software: Which is right for you | TheStreet

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695cce1d3cee26fdf894c936683caa33?s=64&d=mm&r=g Accountants vs. free tax software: Which is right for you | TheStreet
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Mekayla Graham
1 month ago

The integration of Al into tax preparation services is definitely going to shake things up. For clients, it could mean faster, more accurate filing and potentially lower costs. For tax professionals, it could mean a shift in focus from routine tasks to more complex advisory services.

e52cbde8bbae0c923d89c55eed538b0f?s=64&d=mm&r=g Accountants vs. free tax software: Which is right for you | TheStreet
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Matt
1 month ago

Considering the evolution of tax preparation services with the integration of AI, how might this technological advancement impact the relationship between tax professionals and their clients, and what does it mean for the future job market in this sector?

The integration of AI in tax preparation services is definitely a game-changer because it can streamline the process, which save time for tax professionals and their clients. With AI handling the more repetitive tasks, tax professionals can focus on providing personalized guidance to their clients. This will allow the job sector to enhance their services.

fdfbd7efdf4413e61812af22909984f3?s=64&d=mm&r=g Accountants vs. free tax software: Which is right for you | TheStreet
Guest
Miari
1 month ago

This is off topic, but H&R Block always gave off scam to me. After 2016 I stopped seeing commercials and even hearing them on the radio as if the company dropped off the planet along with its suspiciously placed in person locations.

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Mekayla Graham
Guest
Mekayla Graham
1 month ago

The integration of Al into tax preparation services is definitely going to shake things up. For clients, it could mean faster, more accurate filing and potentially lower costs. For tax professionals, it could mean a shift in focus from routine tasks to more complex advisory services.

Matt
Guest
Matt
1 month ago

Considering the evolution of tax preparation services with the integration of AI, how might this technological advancement impact the relationship between tax professionals and their clients, and what does it mean for the future job market in this sector?

The integration of AI in tax preparation services is definitely a game-changer because it can streamline the process, which save time for tax professionals and their clients. With AI handling the more repetitive tasks, tax professionals can focus on providing personalized guidance to their clients. This will allow the job sector to enhance their services.

Miari
Guest
Miari
1 month ago

This is off topic, but H&R Block always gave off scam to me. After 2016 I stopped seeing commercials and even hearing them on the radio as if the company dropped off the planet along with its suspiciously placed in person locations.

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