About this episode

Eric Green and Chris Farrell discuss the impact of AI on tax and accounting software, exploring how technology is evolving to be better, faster, and cheaper.

AI is changing tax and accounting software faster than most firms realize—but what does that actually mean for your practice? In this episode, Eric Green sits down with Liscio founder Chris Farrell to discuss why the next generation of technology will be better, faster, and cheaper. They explore how AI is driving down software costs, why many traditional accounting platforms are facing unprecedented competition, and what tax professionals should be looking for before renewing expensive software contracts. Chris explains why the future isn’t just artificial intelligence—it’s smarter, deterministic technology that automates repetitive work while leaving strategic tax planning and client relationships where they belong: with trusted advisors. They also discuss private equity’s push into accounting, the evolution of document management into “file intelligence,” and why firms that embrace these changes will gain a significant competitive advantage. Whether you’re evaluating practice management software, AI tools, or simply wondering where the profession is headed, this conversation offers practical insights into how tax professionals can build a more efficient, more profitable…

People in this episode

Host: Eric Green

Guest: Chris Farrell

Topics covered

• AI in tax software
• accounting technology
• software costs
• practice management
• competitive advantage

Keywords

• AI
• tax software
• accounting
• technology
• practice management
• document management
• private equity

Mentioned in this episode

Organizations: Liscio

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