ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. Will AI replace tax professionals? I would not want to be too dependent on it,” said one corporate tax director.

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Tax tax preparation tax return Technology 98

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting?

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Account accountant accounted Technology 96

Acterys

JULY 10, 2023

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. Its success has kickstarted an AI race that has compelled almost every company to embed artificial intelligence and machine learning algorithms into their software architecture to mirror the same level of agility and productivity.

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Gaming accounting and finance accounting software Technology 130

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. With help from Checkpoint Edge, you’ll be able to take full advantage of emerging AI technologies to provide more efficient services for your clients.

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Tax cpas Account accountant 98

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence.

tax preparation 98

tax preparation Technology Tax accounting firms 98

ThomsonReuters

APRIL 30, 2024

In the world of accounting audits, accuracy and completeness are paramount. Artificial intelligence (AI) and machine learning (ML) Artificial intelligence (AI) involves the development of computer systems that can perform tasks requiring human intelligence.

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auditor audit Technology financial statements 52

ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 52

ThomsonReuters

JUNE 16, 2023

The accounting profession is in the midst of a transformation, and firms must ensure they are upskilling their accountants to remain competitive and keep pace. This article will explore how current technology can help accountants find the time they need to broaden their skillsets and further propel their career.

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Account accountant accounted Technology 98

ThomsonReuters

MARCH 6, 2024

AI in tax compliance is a top priority Artificial intelligence (AI) is a game changer for improving efficiency, cited as the top priority of tax and accounting professionals in our recent Future of Professionals report, with 75% of respondents in corporate tax teams rating it as a key concern.

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Xero

MARCH 26, 2023

It’s safe to say that artificial intelligence (AI) is now part of common language and everyday life. Believe it or not, the term ‘artificial intelligence’ has been with us since as far back as 1955, when a number of academics and professionals in the field of technology first proposed a study of the term.

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Technology Account accountant accounted 109

CPA Practice

MARCH 31, 2023

Technology continues to be a driver of growth for today’s successful accounting practices, and professionals know it, with a recent survey showing that 86% of respondents agree that technology will play a significant role in the growth and expansion of their practices in the next year. The survey was sponsored by Intuit Inc.,

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Technology quickbooks Account accountant 128

ThomsonReuters

MAY 14, 2024

Artificial intelligence (AI) is emerging as a valuable learning support tool to supplement the information and insights gleaned from those personal interactions. Accelerating learning and development What’s more, AI tools often incorporate self-directed learning features.

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Tax tax planning tax return Education 52

CPA Practice

MARCH 21, 2023

In the accounting profession, staying on top of current trends and looking for ways to leverage them as part of your growth strategy is crucial. One trend gaining traction is augmenting marketing operations with artificial intelligence (AI). Content creation AI can be used to take content creation to the next level.

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Start-ups accounting firms Account accountant 119

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. The advantage of AI is that it can rapidly process vast data sets.

tax planning 105

tax planning accounting firms Tax Account 105

Xero

AUGUST 22, 2023

The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust.

bookkeeping 97

bookkeeping Technology Government Account 97

CPA Practice

APRIL 3, 2024

Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing. At the heart of Botkeeper Infinite is AutoPush, Botkeeper’s AI/machine learning technology.

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Technology general ledger bookkeeping accounting software 64

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

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Tax Technology accounting firms income tax 97

Xero

JANUARY 14, 2024

There is no shortage of hype surrounding artificial intelligence (AI). While the large language models that underpin these new generative AI tools have existed for a long time, AI as a technology has remained in the hands of engineers and scientists, peripheral to the public’s awareness.

Technology 84

Technology Manufacturing Start-ups Account 84

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. PayTo requires customers to verify themselves using their bank account so that we can quickly assess that they are who they claim to be. They integrated GoCardless through their Xero account. But it’s not all doom and gloom.

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Account accountant accounted Start-ups 88

Xero

JULY 11, 2022

The council includes myself, Samuel Burmeister of Tall Books (advisor), Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (analyst), Wyndi and Eli Tagi of WE Accounting (advisors) and Aaron Wittman of XBert (app developer). The rise of artificial intelligence (AI) and automation for small businesses.

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Technology Education Start-ups Government 130

Xero

AUGUST 23, 2023

It was great to see so many new and familiar faces from Xero’s accounting and bookkeeping community at Xerocon Sydney 2023. Keeping AI centre stage We were lucky to have futurist and entrepreneur Mark Pesce get us thinking about how artificial intelligence (AI) might impact advisory in the years ahead.

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bookkeeping Maine Account accountant 85

ThomsonReuters

MAY 23, 2023

The term “artificial intelligence” (AI) has come to mean many things, from the brains behind such digital assistants as Siri and Alexa to the supposedly unstoppable technological force that will eventually take everyone’s job away.

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Legal E-commerce Agriculture Tax 52

ThomsonReuters

MARCH 19, 2024

From an accountant’s perspective, there is no question that the benefits of AI are significant, it’s important to proceed with caution. But before we jump into how accountants can overcome the risks of generative AI, let’s take a look at the basics of this revolutionary technology.

Tax 52

Tax Technology Education auditor 52

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm? Automation.

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Technology Account accountant accounted 98

Xero

AUGUST 22, 2023

Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. I loved hearing Diya Jolly, Chief Product Officer, talk about her passion for helping advisors and how Xero is helping accountants and bookkeepers grow their practice.

bookkeeping 71

bookkeeping Technology Maine Education 71

ThomsonReuters

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. Webinar How to utilize generative AI to excel your tax and accounting services Learn how GenAI can help you create new insights, solutions, and opportunities for yourself and your clients.

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Tax tax return Technology income tax 110

ThomsonReuters

FEBRUARY 13, 2024

Artificial Intelligence (AI) is not a new concept, but since the emergence of ChatGPT last year, the advantages versus the risks it could present as it becomes smarter and more prevalent have been widely debated everywhere. AI is here to stay: it’s not something that businesses can simply ignore. That is asking so much.

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Technology Legal Government Tax 52

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

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tax planning Tax Technology tax return 78

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? What are the risks of using outdated accounting software?

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Technology Account accountant accounted 98

ThomsonReuters

FEBRUARY 16, 2024

Artificial intelligence: The heavily manual, and often error-prone, processes that have often been a challenge for corporate tax departments will increasingly give way to automation and artificial intelligence algorithms that provide the proper entry and verification of key information.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

NOVEMBER 2, 2023

In this blog post, we will summarize the key insights from our recent webinar with industry experts Allen Stahl and Will Hosek , who discussed the future of tax automation and how to elevate your firm’s efficiency and accuracy. Chat GPT is an example of a generative AI application that produces text based on user-given prompts.

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Technology Tax tax preparation tax return 52

SchoolofBookkeeping

APRIL 17, 2023

Intuit recently released a study highlighting the ways that accounting firms are embracing technology to transform their operations. According to the study, artificial intelligence (AI) and automation tools are leading the wave of desired technology investments in the industry.

Technology 52

Technology quickbooks accounting firms Account 52

ThomsonReuters

SEPTEMBER 19, 2023

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines.

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Technology Tax tax preparation tax return 52

ThomsonReuters

APRIL 21, 2024

How does AI help with product classification? This is where Artificial Intelligence (AI) comes in, offering a powerful tool to transform the way product classification is handled. NLP allows AI to understand the nuances of tax language and product specifications, leading to a more precise classification process.

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Tax corporation tax Technology tax planning 52

Accounting Insight

OCTOBER 6, 2022

The increasing adoption of the 5G telecom network and artificial intelligence (AI) solutions is starting a five-year technological revolution. As 5G and AI solutions mature up to 2027, they will have an increasing impact on businesses, economies and the environment, part two of the How Sustainable is the Technology Sector?

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Technology Agriculture Texas California 59

ThomsonReuters

APRIL 18, 2024

Every change we face — and we face a lot in the tax and accounting profession — ushers in many variables and decision points that must be accounted for. You’ll want to explore what, if any, artificial intelligence (AI), or generative AI-powered solutions , can help you eliminate those time-consuming manual processes.

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Tax Construction Account accountant 52

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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