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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

Artificial intelligence in accounting is currently transforming the industry. Benefits of Artificial Intelligence How is AI Used in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? Table of Contents What is AI in Accounting?

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3 insights for navigating Section 174 legislation

ThomsonReuters

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. As a reminder, Section 174 defines both indirect and direct research expenses. Pending legislation is complicating matters even further. However, passage of H.R.

Tax 45
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Software depreciation: Exploring tax implications and deductions

ThomsonReuters

The majority (83% of respondents said they will boost their use of technology platforms in the next two to three years, and more than half (63%) said they plan to use the most advanced tech, from artificial intelligence to virtual reality. It must have a determinable useful life. It must be expected to last more than one year.

Tax 97
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Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, a new section would be added to the Internal Revenue Code, specifically Section 1261 , which states that gains derived from the sale, exchange, or other disposition of specified country of concern property shall be treated as ordinary income.

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How corporate trade and tax professionals can be smart about mapping and product classification

ThomsonReuters

Legislative changes are creating even greater confusion, notably Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) , which has changed how research and development (R&D) expenses are treated for tax purposes, impacting the applicable tax codes in the process. How does AI help with product classification?

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Google Assistant Could Soon Control Doorbells, Clothes Stylers

PYMNTS

On Friday night (June 5) Google Assistant, the artificial intelligence–powered virtual assistant for mobile and smart home devices, was updated to include doorbell and clothes styler devices, which will soon be available widely, reported 9To5Google.

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ChatGPT for bookkeepers how to become a marketing machine in 3 steps

5 Minute Bookkeeping

ChatGPT , an artificial intelligence chatbot. ChatGPT doesn’t disappoint, providing a title, introduction, well-structured sections, concise paragraphs, a thoughtful conclusion, and a compelling call to action. One marketing solution I use and highly recommend?