TaxDome launches TaxDome AI for document management and organization

Tax software company TaxDome announced the release of its new TaxDome AI product, which is meant to ease document management tasks for professionals. TaxDome AI automates repetitive manual workflows and provides practitioners with organized workpapers.

“We aim to bring AI into the client experience, making it easier for clients to provide their accountants, tax preparers and bookkeepers organized documents from the get-go,” said Ilya Radzinsky, co-founder of TaxDome. “This innovation not only makes work easier but truly transforms the way firms operate, setting a new standard in our industry. Our goal is to replace repetitive workflows entirely, allowing professionals to focus on more valuable aspects of their work and saving countless hours during the hectic tax season.”

The product was meant to address common pain points such as disorganized client workpapers, manual document management, and vague non-descriptive file names. TaxDome AI automatically processes client uploads to assign meaningful tags and descriptive names.

Specifically, when a client uploads a document, TaxDome AI will automatically tag it with relevant categories as well as descriptive names generated by AI (e.g. transforming “IMG_2024_12_33.pdf” into “2024 W-2 Being Inc. – John Smith.pdf.”) Client documents can be filtered by type, such as 1099 or driver’s license, to quickly locate relevant files.

The solution is also SOC 2 compliant and does not used scanned data to train AI models — in fact, it does not even store scanned data at all.

The announcement comes just a month and a half after rolling out TaxDome’s AI reporting feature (see previous story). The solution allows users to build personalized reports tailored to their firm’s needs or leverage pre-built options for quick insights. TaxDome’s AI-powered search can generate reports by asking specific questions (e.g., average time entry rate, average invoice amount from last year) to receive relevant data in visual formats such as graphs, charts and pivot tables.

And that announcement itself came just shortly after the rollout of TaxDome’s Client-Facing Status feature, which provides clients with real-time updates on their projects. It is aimed at reducing the number of times accountants must answer clients’ questions about the status of their work. Firms can define their own set of statuses and provide optional descriptions for clarity, while clients can view the progress of their projects in real-time, directly within the TaxDome client portal on web or mobile apps for iOS and Android.