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Why Your Business Shouldn’t Rely on AI-Powered Tax Prep Advice

CPA Practice

While both companies include fine print disclaimers that their AI systems are incomplete and that you should review their output, The Washington Post found the AIs were ineffective about half the time. While TurboTax’s AI just returned irrelevant advice, it didn’t help with the imagined tax filing problem.

Tax 111
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Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice

CPA Practice

While both companies include fine print disclaimers that their AI systems are incomplete and that you should review their output, The Washington Post found the AIs were ineffective about half the time. While TurboTax’s AI just returned irrelevant advice, it didn’t help with the imagined tax filing problem.

Tax 105
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Legal Expert Recommends Regular Audit of AI Tools Used for Employment

CPA Practice

Litchfield, whose primary practice includes counseling clients on various labor and employment-related matters, answered questions about the first steps an employer should take when considering using an A.I. Think about it this way: humans are needed to provide A.I. being used in employment decisions. Do you see it that way for A.I.

Legal 116
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PwC Has a Fancy New AI Tool to Law Around With

Going Concern

Today is the day that PwC ushered in a new era for professional services : a global partnership with AI startup Harvey, offering PwC’s legal professionals “exclusive access” (that is, they are the only Big 4 firm who has it) to the platform. Sounds like something AI would say.

Legal 84
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Judge Finds Trump Liable for Fraud in $250 Million New York Lawsuit

CPA Practice

A Manhattan judge found Donald Trump liable for wide-scale fraud Tuesday for lying about his net worth for years — stripping him of his New York business licenses in a stunning setback for the former president days ahead of state Attorney General Tish James’ sweeping case against his family-run real estate empire.

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Legal Expert: Employers Should Conduct Regular Auditing of A.I. Tools Used for Employment Practices

ThomsonReuters

Litchfield, whose primary practice includes counseling clients on various labor and employment-related matters, answered questions about the first steps an employer should take when considering using an A.I. Think about it this way: humans are needed to provide A.I. being used in employment decisions. Do you see it that way for A.I.

Legal 52
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LLC Operating Agreement: How to Write One For Your Business

LyfeAccounting

Starting right about…now! A quick disclaimer that this is not legal advice, and you should get your operating agreement checked by an attorney of your choice. So if you have an LLC, or are thinking of establishing one, you might want to learn more about it. What is an Operating Agreement? Wrapping Up.

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