The use of AI-powered tax technology is transforming the tax system, allowing us to save more on their tax bill. However, the tax system remains complex, with different taxpayers required to file numerous forms and answer countless questions. Existing solutions are separate and disconnected. Ben Borodach, co-founder & CEO of April, the world’s only AI-powered suite of embedded tax products, believes that embedding intelligent tax brains into existing platforms will democratise access to financial advice and provide customers with a true holistic view of their financial lives. By partnering with banks, investment platforms, and payrolls and benefits providers, April provides a personalised AI-driven flow, which serves each taxpayer the information they need to make better decisions and take advantage of the tax code in real-time. Customers can analyze if they have a tax surplus (refund) or deficit (bill) and take actions to optimize their situation. Furthermore, AI can bring all Americans financial confidence by delivering the most personalised tax filing with over one septillion possible paths to a return, and provide more accurate returns, real-time estimations, and optimisation throughout the year without having to pay an expensive CPA.
