🔍 From SMSF to AI Tax Workpapers: Automating Compliance & Workflows

Today I’m speaking with Cloudoffis co-founders Viral Kanabar and Manish Sheladia In this episode, we talk about . . . Cloudoffis' journey from SMSF audit automation to AI-first tax workpaper solution, TaxSorted. Their goal is to create a complete cloud-based operating system for accounting firms. The shift from manual processes (PDFs, Excel) to seamless AI-enhanced workflows. The importance of integrations with BGL, Class, FYI Docs, and the ATO. Key challenges facing accounting firms: time poverty, tech adoption hesitation, and rising compliance pressures. Cloudoffis’ approach to fostering startup culture internally with hackathons and open innovation. Vision for accountants to evolve into business analysts and trusted advisors, moving beyond data entry. Viral's reflections on attending leadership events and staying energized. Plans for international expansion into the US, UK, and Canada. Key Takeaways: Automation and AI can free accountants from repetitive tasks, enabling more strategic advisory work. Building contextual, seamless AI into workflows is key to improving both efficiency and client outcomes. Collaboration with tech partners and embracing startup thinking drives ongoing innovation. Cloudoffis began its journey by supporting SMSF auditors and accountants with automated workflows, work papers, and collaboration tools that drive efficiency, compliance, and standardisation across their practices. With over 20% of Australian SMSFs now audited through the Cloudoffis platform, Cloudoffis has become the trusted brand for more than 2,000 auditing and accounting firms across Australia. In 2024, due to popular demand from tax teams looking for the same benefits their SMSF teams were experiencing, Cloudoffis launched Tax Sorted - a new AI-first tax work paper. Tax Sorted streamlines the preparation, review, and approval of tax work papers for both businesses and individuals, enhancing efficiency and compliance across the Australian accounting market. Read how I work  with some apps here http://endorsementdisclosure.com/ Contact details: Viral Kanabar https://www.linkedin.com/in/kanabarviral/ Manish Sheladia https://www.linkedin.com/in/sheladia/  Cloudoffis https://cloudoffis.com.au/   Accounting Apps newsletter: http://HeatherSmithAU.COM Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMind  LinkedIn: https://www.linkedin.com/in/HeatherSmithAU/  YouTube Channel: https://www.youtube.com/ANISEConsulting  X: https://twitter.com/HeatherSmithAU