TruePilot is a virtual assistant designed for tax accountants, streamlining tax research and facilitating the drafting of advisory services for clients. It efficiently addresses both federal and state tax law inquiries and tracks changes over time. The tool presents findings in a client-friendly format, providing quick summaries and links to source documents.
Once client data is uploaded in PDF format, TruePilot's AI can rapidly respond to queries such as, “How much would Client X owe with $50,000 in additional capital gains?” or “What is their tax liability if they filed jointly?” The system analyzes over 600 data points from each return to deliver real-time calculations that enhance advisory services.
Additionally, users can search their client database to uncover advisory opportunities. For instance, if you're looking for clients who could save money by establishing an S Corporation, you can query those with over a specified amount on their Schedule C and receive an immediate list. This feature allows for the initiation of an advisory cycle that not only boosts your firm's revenue but also helps clients save money.
TruePilot represents a significant advancement for tax accountants, providing the tools necessary to be more responsive and proactive in their services.
