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Ethical Concerns in Using Tax Planning Software

CTP

What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that can come into play. And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030.

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Corporates Step Up To Welcome AI, Blockchain

PYMNTS

The World Trade Organization’s latest analysis on the technology found blockchain could add $3 trillion to the world’s global trade markets by 2030. ” B2B payments is another area of corporate finance that some analysts expect blockchain to disrupt in a major way. ”

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

McKinsey research , released in 2017, pegged the number of jobs worldwide that could be lost to automation by 2030 at 800 million. These technologies have also heightened anxieties about the potential for technology to replace human talent outright. “Human accountants certainly still have a role with small business,” he said.