MIAMI, FL — Taxfyle, a company that helps with taxes, has launched a new product called Plan. It’s an AI-powered tool made specifically for financial advisors (the professionals who manage people's investments and wealth).
Here’s the problem Plan solves: normally, giving clients good tax advice takes a ton of manual work—crunching numbers, making charts, and writing reports by hand. It's so time-consuming that most advisors can't do it for all their clients.
Plan changes that by doing the heavy lifting automatically. Here’s how it works:
- Fast Analysis: An advisor uploads a client's tax return, and Plan instantly scans it to find ways the client could save money on taxes.
- Clear Recommendations: The tool shows which tax strategies apply to each client, estimates how much they could save, and even gives a "confidence score" so the advisor knows which ideas are worth pursuing right away and which need more thought.
- Ready-to-Use Reports: Plan creates professional, branded PDF reports that advisors can take straight into client meetings. No more formatting or designing from scratch.
- Real-Time Answers: Advisors can ask the AI questions during client meetings, test out "what-if" scenarios, and tweak recommendations on the spot.
But Plan doesn't just stop at advice. If a client decides to move forward, Taxfyle connects advisors to a network of over 7,200 licensed CPAs and tax experts who can actually prepare and file the taxes. This means advisors don't need to hire their own in-house tax team—everything happens in one smooth workflow.
“Talking about taxes is one of the most valuable things an advisor can do for a client, but it’s always been too slow and messy to do well for everyone,” said Richard Lavina, CEO of Taxfyle. “Plan changes that. Now advisors can find tax opportunities instantly, explain them clearly, and get them done through our network of pros. It gives advisors a level of tax service that used to be impossible for most firms.”
Unlike other tools that only do software or only offer outsourcing, Plan was built by people who actually process thousands of tax returns every year. It's designed to help advisors work smarter, not replace them. The goal is to let firms give better tax advice while keeping their personal relationships with clients front and center.
This launch comes at a good time. Nearly half of financial advisors today don't use any dedicated tax planning software, so there's a huge opportunity for them to start offering this service year-round—not just during tax season.
With Plan, Taxfyle wants to turn tax planning from a once-a-year chore into an ongoing conversation that helps advisors build stronger relationships with their clients and grow their business—all without needing to hire extra staff.
