MIAMI, June 16, 2025 -- Taxfyle, the leader in on-demand professional tax services, launched TXF Intelligence. TXF is a generative AI tool built to automate and streamline tax return preparation for US small tax and accounting firms.
TXF Intelligence was designed with the small tax preparer in mind. It automates the process from data collection to tax return preparation, all within their existing tax software. Small preparers, usually sole proprietors or two-person firms, lack access to bigger firms' software tools due to cost and operational maintenance overhead. In 2024, the average technology budget at large firms was $312,191, compared to $10,459 for small firms, according to Thomson Reuters.
"TXF Intelligence embodies our mission to level the playing field for small tax firms," said Richard Laviña, CEO of Taxfyle. "For too long, small tax and accounting practices have been forced to choose between affordability and efficiency. With TXF, we designed a robust AI tool specifically for their needs."
Small CPA firms across the country face overwhelming workloads during tax season. They struggle to manage complex workflows, manually process disorganized client documents, and meet compliance requirements. Traditional tax software solutions often lack robust automation features, burdening firms with time-consuming tasks. Implementing AI tools is already seeing increased adoption rates as a method of effectively solving these complex issues and alleviating burnout.
In 2025, AI usage within accounting firms nearly tripled. According to research by Thomson Reuters, 71% of tax and accounting professionals believe AI should be used daily, and 77% of tax clients want their firms to use AI.
TXF Intelligence enhances efficiency by automating data entry and document processing while integrating seamlessly with popular tax software like Intuit ProConnect and Drake Tax. It works alongside existing systems, allowing firms to maintain their current workflows for compliance and e-filing while streamlining preparation with AI-driven automation.
"We built TXF Intelligence to work with, not against, existing tax software," said Phillip Ingelmo, CTO of Taxfyle. "We're removing the most time-consuming bottlenecks tax professionals face. TXF ensures that small firms can benefit from cutting-edge technology without disrupting the systems they rely on."
Taxfyle's mission since its inception in 2015 has been to democratize access to accounting software and experts nationwide so that small businesses can thrive. TXF Intelligence is tailored for firms seeking an affordable, scalable, and intuitive solution. Furthermore, as an additional feature, TXF can be combined with Taxfyle's network of 7,000 licensed CPAs and IRS Enrolled Agents for firms looking to grow their practice and needing to offload their entire preparation process.
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