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Intuit AI Now Fills 90% of Tax Forms

Friday, November 7, 2025

AI Accounting Daily
Hey, Accounting Pros!
Welcome back to AI Accounting Daily, your #1 source for AI news in accounting.
Today, we’re covering Intuit’s agentic AI auto‑completing 90% of TurboTax forms and turning tax prep into a year‑round workflow, Protiviti urging CFOs to carve out budget for high‑velocity AI experiments, October’s layoff surge as companies cite automation, Google Finance weaving Gemini deep search and prediction markets into retail screens, and OpenAI walking back federal loan‑guarantee talk even as capex ambitions balloon. Expect intake to drift continuous, advisory teams to prove “better time” in client meetings, and finance leaders to model AI growth without assuming government backstops.

Latest in Accounting AI

1

Intuit Automates Tax Prep With Agentic AI

Intuit rolled out agentic AI across TurboTax and Credit Karma, pairing automation with a 13,000‑expert network. The company says tax prep now auto-completes 90% of forms, trimming roughly 6 million hours. For firms, assisted DIY grows while expectations for year-round tax prep and advisory tighten.
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2

Protiviti Urges CFOs To Fund AI Experiments

CFOs are slow to gauge AI’s exponential curve, Protiviti’s Dan Stummer warned, urging a slice of annual spend for experiments that can fail. Transformation fatigue, he said, is real. For advisory and month-end close, the risk bar shifts — but how fast will finance recalibrate?
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3

OpenAI Denies Seeking Federal Loan Guarantees

OpenAI walked back loan‑guarantee talk via CFO Sarah Friar, yet Sam Altman still allowed for federal guarantees tied to U.S. chip fabs. With $1.4 trillion in eight‑year commitments and a quarterly net loss over $11.5 billion, advisory teams must model growth without assuming government backstops.
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AI Applications

1. 📊 Docyt Docyt consolidates multi-client or multi-entity data streams and automates routine workflows so your firm gains consistent data, enables advisory services and scales profitably.

2. 📈 Sage AI Sage AI automates routine accounting tasks like invoice processing and anomaly detection so your firm reduces manual work, improves accuracy and frees time for higher-margin advisory.

3. ⚡ Content Bot Content Bot automates newsletter, proposal and blog creation so your firm consistently builds thought-leadership, nurtures leads and grows a predictable pipeline without extra head-count.

4. 🏦 LedgerBox LedgerBox automates conversion of financial PDFs into structured accounting data so your firm cuts data-entry hours, avoids version-control chaos and improves throughput.

5. ⚡ Monday Monday streamlines task and project management, consolidating workflows for small accounting firms, reducing missed deadlines, and freeing time for advisory and client-focused work.

6. 🤝 Durable Durable builds or updates your firm’s online presence and client intake system so you capture more advisory leads, reduce setup overhead and expand your pipeline.

Updates in AI

1

Companies Cite AI As Layoffs Surge

October layoffs surged to 153,074—up 175% year over year and 183% from September—marking the highest October since 2003, Challenger reports. Warehousing led with 47,878 cuts and tech followed at 33,281, as companies cite cost-cutting, AI adoption, and weaker demand. With year‑to‑date cuts at 1.10 million and hiring plans down 35%, reemployment may slow as automation pressures spread.
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2

Google Finance Integrates Deep Search And Prediction Markets

Google Finance just wove Gemini into markets: Deep Search answers complex finance questions and pulls prediction-market odds into the same screen. Power nudges toward retail investors who lacked terminal-grade tools, pressuring fintech rivals. Tension lies in accuracy and liability when crowds and AI diverge materially.
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3

AI Adoption Spurs Employee Knowledge Hoarding

AI anxiety is reshaping office behavior. In a survey of 4,000 workers by Adaptavist, 35% admitted hoarding knowledge and 38% were reluctant to train colleagues, creating 'psychological warfare' that heightens knowledge-loss risk. Expect change management and incentive design to rival model selection in organizational impact.
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Prompt Ideas

Generate Blog Outlines for Financial Education Topics

**Role:** You are a **content strategist** for an accounting firm writing educational blogs for small business audiences. **Action:** Create a **blog outline** about **[INSERT FINANCIAL EDUCATION TOPIC]** targeted at **[INSERT AUDIENCE TYPE]**. **Context:** - Audience: small business owners, entrepreneurs, or self-employed professionals - Goal: educate readers, boost SEO, and position the firm as a trusted authority - Tone: conversational, helpful, and clear - Style: outline format with headers and short bullet summaries - Variables: - **Topic:** [Cash Flow Management / Tax Planning / Profitability Tips / Accounting Automation] - **Audience Type:** [Small Business Owners / Startups / Contractors] - **Length:** [800–1200 words] - Structure: 1. Title and short intro 2. 3–5 main sections with bullets 3. Actionable takeaways or checklist 4. Call-to-action (consultation, resource, or link) - Output Length: **Outline only, 150–250 words**

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