Technology

Black Ore also announced its flagship product, Tax Autopilot, which combines AI technology with federal and state tax codes and regulations to simplify tax preparation.

“The future for a payroll professional is one where they get to do the fun, interesting part of their job – they get to be the expert and the toil goes away.”

The accounting industry has been changing rapidly—and there are a number of factors at play that are causing those changes. Firms that want to succeed will have to quickly adapt to this moving landscape by adopting new strategies.

Ensuring you continually evaluate your business objectives to ensure your use (or non-use) of A.I. aligns with those objectives, will help you decide what risks and rewards you’re willing to take.

Intuitive AI technology can slot into almost any business area, but many of its most powerful use cases fall squarely under the domain of the accounting team or firm.

Congress is separately debating whether and how to impose binding regulation on AI.

The GenAI initiative builds on CPA.com’s efforts to help practitioners successfully navigate technology’s impact on driving business model transformation and the evolution of practice areas.

Having outsourced professionals act as business management sherpas frees business owners and managers from tedious tasks and greatly reduces errors that can prove costly.