Balancing tech-fueled efficiency improvements with a human touch will be crucial. Employers must ensure AI augments rather than replaces the human element.

AI's transformative impact on resource management offers public accounting firms a competitive edge in effectively staffing their client engagements. Through enhanced forecasting, dynamic scheduling, skill-based matching and efficiency optimization, AI enables firms to maximize their human capital.

As we move into the latter half of 2024, taxpayers and tax preparers should continue to monitor various state and local tax decisions throughout the U.S. in order to remain vigilant and responsive to the latest developments.