AI's Impact on Labor Costs and Productivity

The tax, audit & accounting industry faces a defining moment — and doing nothing is the riskiest strategy of all. In this eye-opening podcast, M&A expert Bob Lewis, President of the Visionary Group, reveals why more than 60% of top tax firms have already taken outside capital, fundamentally reshaping the competitive landscape. Lewis also discusses why hourly billing leaves a lot of money on the table, how to unlock hidden capacity, and why AI will slash labor costs by 20% while doubling revenue per tax professional.