Do we need accountants anymore?

[@jhadesdev9576]

It now gives a generic answer and tells to go see a accountant 😂

[@redlionplumbing]

Does it still give good answers with DAN or behind the pay wall? 5 years from now bye bye bs jobs.

[@geort45]

damn really?!

[@Maceventur]

just mask the question there is always a workaround

[@Jack-hv3uj]

Someone needs to release a Chatgpt that's largely unfiltered or restrained

[@kabir2077]

@@Jack-hv3uj That'd be kinda hard because than you could get away with a lot of bad shit. Like how to make meth or a bomb. Also leaving things unfiltered would probably make it less accurate.

[@jayzee2634]

As someone working in an accounting firm, this is the equivalent of telling people to use chat gpt as a replacement for a lawyer lol. Ain’t shit getting automated

[@RickysPlums]

You’re just mad that your job will be gone in a few years 😂

[@zombiewombb]

@@RickysPlumson gang bro projecting

[@danielhova7826]

@@zombiewombb yes, an employee of an accounting firm is deeply concerned about what someone on KZbin thinks that says “on gang” I’m dying over here 😂💀 “On gang” babahahaha

[@jalilmonroe1289]

@@RickysPlumsyou didn’t even respond to his point , address the fact that accounting being automated is almost the exact same as lawyers being automated

[@jalilmonroe1289]

@@zombiewombbyou don’t even know what accountants do

[@mwixom]

Lots of accountants aren't necessarily tax accountants either. At least in the US, all public companies will still need auditors to do their quarterly/yearly filings. That is a lot harder, not impossible, to replace due to the nature of the investigative work.

[@LATINOFAXTS]

Thanks for this. On my second year in College to get my bachelor’s in accounting. Planning in doing auditing 🫡

[@lemonstrangler]

been thinking about it too but i saw on reddit how ai is gonna replace it ..@@LATINOFAXTS

[@oldboy1955]

​@@LATINOFAXTSdo you work as of yet, what do you do for work while studying accounting?

[@kelmanl4]

99% of accounting work is not tax related, I say that as a forensic accountant.

[@kelmanl4]

​@@oldboy1955Ideally anything in payroll, audit or finance is useful but Admin can also give you experience.

[@save_often]

Sure, let ChatGPT represent you in front of the IRS.

[@wardude9161]

If chatgpt is better than humans why not?

[@kikiberlusconi]

Accountants won’t be replaced 100%. I think what Alex is trying to get at is that the nature of their work will look different.

[@Los47]

A.I recently was set to advise a defendant in a court case for the first time earlier this year.

[@mayonaisedragon]

@@wardude9161a robot isnt a human plain and simple. SIR CHAT GPT SAID YES isnt a defense in tax court or court if its a big oopsy

[@RevealedFilms]

If my accountant has me in front of the IRS, they’re not a very good accountant

[@jdkoz98]

“I don’t know anything about accounting, let me talk about accounting”

[@RomeoHatesShrimp]

Yeah this is exactly what people said about Excel lol

[@chivimbe]

AI will replace online influencers like this guy before it does accountants lol

[@manofsteel9051]

​@@chivimbeTrue, this guy is just waffling on a career that he doesn't understand

[@adamarce8341]

@@chivimbeonline influencers? You buffoon look him up

[@althafjay4807]

​@@chivimbelmao. He's gonna be a Billionaire in 5 years. What these accountants gonna do when AI gonna replace them? They got no other skillsets. .

[@itsasecret2298]

"95% accuracy" I've always wanted an accountant with a 5% chance of sending me to prison.

[@davidc4408]

They will not send you to prison over a small amount. They will just ask you to pay with penalty

[@lordlopikong6940]

Tax accounting for single payers ain't complicated

[@WealthScientist]

@@davidc4408haha so not true. Depends on which 5%. Every number is not created equal. Not in Accounting and definitely not in tax.

[@davidc4408]

@@WealthScientist If genuine error there is just option to pay with fine . If happens repeatedly then they can question

[@AlDEN1999]

​@@davidc4408depends... They might even delay the letters as long as possible and you have a £1,200 fine from the HMRC and it's gaining interest at that point... That's what happened to me, I contacted an accountant and they charged me £360 to sort the whole thing and I was actually due £750 refund. I didn't enter the field of accountancy back then so I knew nothing so being in debt £1,200 excl interest vs being up £390 was well worth a chartered accountant.

[@Robertpersonalfinance]

Bro doesn’t know that accounting is different from tax…accounting and tax on a base level is already being replaced but software… the value add services are key here

[@cremedelacorn5356]

This bro doesn’t know accounting firms have tax specialists

[@AlDEN1999]

I genuinely don't believe he has any accountant friends.

[@idcman6692]

Bro just want to get his bill paid

[@fdloop]

Wrong. Software aren't doing the job for you

[@joeblow9284]

“Right enough” perfectly sums up accounting.

[@karma1507]

And to an extent, engineering.

[@JohnnyWalkerYT]

You need the CPA signature and the AI can’t provide that

[@josesantoso1010]

As someone that actually works at an accounting firm, I think that probably the accountant was horrified on how bad chatgpt could mess up the tax returns lmao 😂

[@lukenicholas3586]

Not true. It get’s all my Acc 340 hw answers wrong

[@psychonaut3763]

Lmao I gets my tax hw wrong too 😂

[@DadSherwood]

Accountants are already using software, the software will just get more and more impressive

[@AlDEN1999]

Yes excel is great and xero, sap and sage are all great tools but if you don't know basic accountancy theory everything will be fked... ChatGPT has got things wrong and I have had to correct it at times. In the future I do think it will be a useful tool however it needs to be able to memorize, store and verify sources of different terminology and accountancy bodies.

[@AdeAde0224]

So impressive until the software completely replaces you

[@al-mungus677]

​@@AdeAde0224there are counties that do the taxes for you and they got accountants still

[@jakantogenie]

@@AdeAde0224 The worst part is they’ll still make you do it yourself

[@shaunrosenberg4568]

Half of the time I'm just trying to get the software to put down the correct number or the people making the software don't understand a new law so they just want the accountant to override it. 😂 It's like using excel. It's super useful. But you have to know what you are doing.

[@lorddenithal]

Accounts are probably going to mostly turn into data analysts and capital managers. The grunt work will be offloaded to ai, and the high-level stuff will become the new norm.

[@Trance24seven]

This is true. My team does almost no data entry anymore due to ocr and automation. Now focused on f,p&a and compliance

[@mleobviously]

Replace AI with India and you’re spot on automation is great when you have good clean data, 99% of companies do not.

[@jalilmonroe1289]

Accounting is not just tax….. that’s a very small subset of accounting. Accounting encompasses almost every aspect of business operations

[@jt.brewster]

the bot will not be able to do “creative accounting”

[@Bluesnakes333]

I see what you did there

[@AlDEN1999]

It will accidently do it instead and not creatively 😂

[@rajeevdas8624]

Lol he doesn’t know what he’s talking about. Turbo tax is already free and will do any individuals taxes for free. If you own a business you need an accountant for much more than doing your taxes, and just because it can answer a tax related question doesn’t mean it can tell you why and how fincianal decisions affect your business (that’s what accountants do).

[@BaHuyNguyen]

well, not yet

[@rajeevdas8624]

@@BaHuyNguyen yes it is free

[@nicholas4th463]

Thank you, we need more wise people so we don't go extinct 😂 i never knew we had such brain dead people here. What a shame!

[@rickyaclickpowr2187]

Accountants are terrible at business, they don't make good business men/women.

[@Boz196]

@@rickyaclickpowr2187so then why do lots of ceos start in accounting?

[@phillips8366]

He’s not saying “let ChatGPT do your taxes this year,” he’s saying “AI will probably be able to do your taxes in 5-15 years.”

[@HotelBravo556]

1-2 years probably

[@B34RABLE]

I’d guess 3-5 years from now

[@macgyver2169]

@@HotelBravo556 Definitely this and not 15 lol. I'd say even 2 is a stretch. Now that the technology exists, it's purely application instead of invention. AI will put a lot of people out of jobs soon.

[@ciello___8307]

accounting is more than just taxes though. In fact, some of the more lucrative "accounting" jobs aren't in tax

[@bettycooper369]

The Canadian government is talking about doing it for us, people would just send in any changes/deductions etc to update

[@appliedaccounting]

Accounting is a service handling liability and risk, not about having the answer from online source. Service means clients can take more/less aggressive tax positions based on cost and tax. Liability means clients may know the answer but still don’t want to be responsible for error or a guarantee result.

[@shuccle6161]

Why would these accounting specialists be horrified? They should be glad. AI just made their jobs 10x easier.

[@beem9765]

ok but if the people hiring them realize this then who's gonna employ them?

[@deeptoot1453]

Exactly!

[@averagegamer9263]

Get paid lesser too

[@TheBrotherHoodSports]

Actually the AI is learning from the accountants that they will be replacing soon.

[@BlStein9]

We aren’t horrified because we’ll get replaced; we’re horrified because we know that people will realize hard way why we aren’t replaceable. “Boss man says we should take the aggressive position because the AI says you may qualify.” “But we don’t qualify, because the boss man didn’t consider this extenuating circumstance when asking…”

[@caiden3396]

It worries me that Alex may not be catching some things about Al, automation, and technology, particularly high tech, in relation to people. I hope he doesn't go too heavy on the ideas. It might end up greatly hurting his branding.

[@pridify]

Technology is always a hit or miss. Just like crypto

[@123456ashake]

Completely agree, it's almost cringe worthy watching someone who doesn't know about software trying to talk about software.....

[@nicholas4th463]

He literally wasted 5 minutes just to think of making a video like this. KZbinrs are lousy with they're research and advice. No wonder no one will hire them 😂.

[@willtroy1986]

@@123456ashakeit’s amazing to me how many people in the comments are throwing specific numbers out about when AI will completely take over real accountants’ jobs with no experience in the field or even AI. I’m also curious, how do these same people visualize this? That a robot will just magically classify all of your taxes and do them while you sleep? These videos just make people feel hopeless and scared, rather than trying to up skill or advance in their lives.

[@osomedude1]

Accounting is not just taxes. I don't know how many times I've had to say that in my life. The day software can account for mergers, takeovers, acquisitions, managerial accounting, auditing, inventory control and fraud prevention with 100% accuracy is far, far away. You should've talked to your friend a little more before posting this.

[@lordlopikong6940]

The day that happens everyone will be out of business and not just accountants.

[@justinp7497]

@@lordlopikong6940 100%

[@fog7980]

Most people and businesses even need most of those services. AI will increase productivity and increase competition for fewer jobs. Or the jobs will be paid nothing because their difficulty goes down

[@mariob.4163]

​@@lordlopikong6940 the day it happens machines will be so powerful that everybody would be out of work. There is no real safe industry even the trades which are now so praised to be so good can be simplyfied so much that there will be no need to a lot of electrician/idraulic. And I'm saing this by being an electrician

[@gl3mmy903]

So 15-20years maybe?

[@maitlandbezzina2842]

As an entry level accountant I can see an issue where it’s a lot harder in 5-10 years time for new accountants to enter the industry because of automation, but the ones who have experience and knowledge will become more and more valued. I’m certainly lucky to be entering the industry right now.

[@alexandermarinov4048]

The reality is we will probably become financial data analysts or capital managers The lucky accountants are the ones retiring now who had it easy before software was used in the field

[@maitlandbezzina2842]

@@alexandermarinov4048 agreed. If I see issues with career development in 5 years time I’ll be getting a law degree on the side part time and move into Tax Law. An easy transition to a job that will probably never be replaced

[@RocktracksSC]

Unless he's already replaced HIS CPA with AI it's kind of a non-statement. Most people who just have a W2 can file easily for free anyway

[@samesame4496]

You mean W2?

[@RocktracksSC]

@@samesame4496 you're right lol, I'll edit it

[@williamyt6174]

I don't want to get 95% chance of going to jail for tax fraud lmfao

[@thisisabot9920]

You don’t make nearly enough money for the IRS to be worried about you😂

[@BigPob]

It would be a 5% chance if what he's saying is true lol

[@williamyt6174]

@@thisisabot9920 the ITS doesn't bust billionaires who has teams of lawyers. They bust people who can't fight back.

[@christpierre]

Hormozi's alt @@thisisabot9920

[@luhan558]

@@thisisabot9920 noooo buttt……nothing is worth being audited by the IRS and they are petty enough to audit even the non bazillionairs like us if we seem to sus.

[@jaesterling7546]

As someone who’s in college, 241 Financial Accounting, Chat GPT has WAAAAY less than 95% accuracy.

[@ishantkumar5423]

The lower the accuracy the higher the chance to end up in jail LMAO

[@yiyi-py3ew]

The advice mentioned in the video has been very practical for me and I would love to try it out and see how it goes. "

[@Trance24seven]

Being a CPA myself its more like you pay us to file your taxes because when the irs comes we can defend your return. Its the same as deciding not to have a lawyer file a legal complaint. Good luck!

[@dabananaking09]

Chat GPT can’t answer my accounting homework answers correctly … also tried a W2 example with a details and also wrong every time.

[@La_fish]

Always debits or credits accounts incorrectly😭😂

[@har.19]

Feels like chat gpt are writing KZbin comments 😢

[@Floorum]

Mitha

[@themanifestorsmind]

As an accountant, I'm not afraid lmfao. I can see a surcharge for fixing ai prepared returns in the futurre

[@maxkarpushko6837]

The issue with ChatGPT is it’s fluency in bullshittery. Hard to tell too if your asking about something you know little to nothing about. Wouldn’t want tax advice from it and then end up in jail.

[@phillips8366]

Whereas real people NEVER bullshit - especially accountants.

[@maxpowers4436]

Thats the thing, its BS is based off HUMAN BS. Humans talk BS, are nonsensical often make things sound nice without substance.

[@lordlopikong6940]

Yeah it's good it you have intermediate knowledge about what our asking but if your illiterate to the field your going to jail

[@lemonstrangler]

oh yeh like real people are 100 percent right?

[@Uthando-h1q]

​@@phillips8366You can hold real people legally accountable, you can't do that with AI.

[@TrueWealthFinancial]

Love the insights here!

[@Bromeostasis]

Is this IRS story real? because I don't see it anywhere.

[@sadface7457]

We still need accountant because 95% accuracy is not good enough

[@keijimorita1849]

I've been behind the scenes at businesses. LOTS of stuff gets misreported accidentally & intentionally. We will no doubt want the software to be 100 percent accurate nonetheless.

[@prashanthr096]

I asked chatgpt an accounting question. if bad debt expense is recorded, which is debit bad debt expense and credit allowance, and if the money is collected how it should be recorded. It so confidently told me to credit the expense and debit the allowance. its not even accurate in a simple journal entry.

[@Fallen008]

If their's an error incurred in your account or taxes you can blame the accountant or firm...but how will you blame a AI..its not a person...😮

[@nicholas4th463]

😂 That's what they deserve for trusting a robot

[@nicholas4th463]

It's like calling a video game god lol

[@lordlopikong6940]

It's also funny that IA will need accounting information from actual accountants from every change the IRFS does.

[@ganymedehedgehog371]

Yeah using AI would probably place all liability on yourself and no intelligent one would do that. When AI gets it wrong it really gets it wrong and tax fraud is taken more seriously than murder.

[@mykelbabs1]

Wait til Quantum computing becomes easier to produce. Shits gonna get nuts

[@sjhthomas]

I am sure this video was cut up. 20 is not a big enough sample size to determine anything.

[@jenninemorel7693]

It's the case-by-case situations that it can't handle and the professional advisory and years of dealing with client's silliness - no AI in the world can advise on handling some of these creative messes.

[@seansudduth7882]

how is every tax return different is what has me confused, i have done takes for 100's and that's just interesting to hear

[@BM_100]

In the 80s Apple said their personal computer and keyboard would replace secretaries.

[@RC-jr3np]

They made an AI take the CPA exam and it failed. In order for a business to thrive it needs accountants because when it comes to management level you need human judgement. Even at staff level for accountants ethics are practiced everyday. There are stories of people at c suite asking to change the numbers on financial statements so they can get a higher cut or to make it look good so the company can get a lower interest rate when asking for a loan at the bank. AI cannot practice this, it’s not just numbers. Accountants have the power to say no and practice ethics or do as the company says then jump ship. Accounting is not just the language of business but the overall structure of the flow of business. Numbers can be easily manipulated, people can be ripped off AI cannot use human judgement. Someone who worked at finance for the Jaguars NFL team stole 22 million, it went undetected because there were no internal controls which is management level accounting, the accountant who was supposed to look over the sheets left so only 1 person was handling it and they were able to get away with 2 mil. Human Accountants are important.

[@Greg_Chase]

Heads up, it's "judgment" without the 'e'. Truth be told, I'm not even comfortable when my CPA provides my financial documents and he has decades of experience. There is absolutely no chance I'd allow a CPA firm to do my accounting with all AI. If they use it internally, fine. But if I get audited, or something else, there's absolutely no way I'd allow my CPA firm to say "we can't represent you because AI did your financial statements, not us." Part of the job of the CPA firm is to be on the hook for accuracy. When I take my financial statements to a lender, they have to be reliable - by that I mean I MUST have a live person who can be held responsible if the documents are wrong. Although ultimately it's my responsibility (it's my company, it's my financial statements) I will 100% drag my CPA firm in to defend me if a lender, a business partner, a vendor granting me 'terms', and so on discovers incorrect info that led to a 'poor outcome.' "AI cannot be held accountable" just forget it then. Alex is smart enough to recognize all that, I'm 100% sure.

[@TheArlecchino]

Well I was trying this out a few days ago it was getting multiples percentages right but it was not updated to the most recent tax brackets or be aware the existence of a lump sum in some countries which was likely because it’s not updated yet strangely but it managed to cover more difficult question of mine such as question revolving the the non dom regime (territorial tax) . I would say it’s great but don’t truth it blindly.

[@nickteune1210]

Accounting will never go away. Audit especially

[@davidthorp01]

Hey, so how do you think this could impact historical consultancy? I was thinking of starting my own firm, and I’m wondering if it could be a good primer program to help me speed up/maintain a workload that could make me competitive.

[@acmeallpurpose4974]

So I work in Accounting. Coding payables would be a huge help step for AI. It didn't work. It wasn't there yet. I sat it's at least 5 to 10 years away.

[@spicyboi7608]

Waiting for when gpt can do my 1040

[@louiswierenga2996]

People can also stay in great shape with body weight exercise.

[@MoeS27]

Automation will eliminate accountant? No chance! That CPU will burn down in few hours of dealing with accounting. - Public Accountant

[@garysimpson7326]

So, can ChatGPT or whatever become a CPA or a CFP? Can it become a lawyer? For the people with enough money to need an accountant, that 5% error rate could spell prison, or at least penalties and interest.

[@silverballer7342]

Accounts is different. Its about tallying.

[@thomasowen1720]

How would automation give an estimated market value of stock or assets?

[@psychickumquat]

Yeah, except that 5% can cost you dearly. And how were all 20 returns different? It's very possible it was certain classifications. Tax law is extremely dense and what counts as income, expense, etc for a specific purpose can be extremely vague.

[@jackmarcus2953]

Accountants don’t just file tax returns

[@gangsta8929]

Breakthrough technology only 5% of its customers go to prison

[@hhattingh]

Tax planning and filing taxes are not the same thing.

[@arrengonzalez3171]

Nah either way they are still fine. Accounting is more based on judgements and how the companies want their reports filed. a computer cant make perfect judgement in every circumstance for reporting financials. They can do math for taxes but reading and displaying the info is another level

[@Pryker]

Bro im just tryna find a path to take in college fam let me get sum kinda job😭

[@SpartanFilms1997]

AI will be able to analyze all countries' tax codes and create the most optimal way to set up a company using offshore accounts and where to place your headquarters depending on the style of business you operate. People severely underestimate what AI will be capable of in a few years.

[@betcotime3276]

How do we know weather thr ansewars are correct or not.Exactly .we need accountants

[@Happytrails888]

I actually tested this out. I took a tax test using chat gpt just to see if it was accurate and I got a fail grade…I forget the actual grade but it was in the 50’s…

[@pointblank1978]

The 5% will be the misinformation the client gives to the accountant. We all miss something.

[@thatonekree3301]

I'm interning as an accountant for a small firm and will be an Auditor for a Big 4 soon. It would be extremely difficult to replace accountants w/ AI. The field is constantly changing as technology, rules, business, standards, etc updates. Think of an accountant as someone who can read another language, the language of business. It's their job to understand the numbers and be able to tell you a story based on them. Relying solely on AI would be like going to another country and relying on google translate to not just get around but prosper and have a competitively better experience than others. Companies are always seeking to decrease risk, investigate possible error/fraud, and run benchmarks on their operations. Relying on AI solely to run payroll, run benchmarks, audit finances, prepare taxes is extremely risky. AI can absolutely help relieve some of the tedious workloads that accountants have to face; however, you need someone who understands everything at the end of the day.

[@CreatorsExpress]

As the son of a dad who owns an accounting firm since the 80s, you need your cpa and enrolled agents/tax specialists, etc. Turbo tax is going to get a lot of people into trouble in the future when the irs audit comes around. Blottenberger, CPA B & B CPA Tyler sent you 😂

[@Ayyitskevin]

Junior software devs have a higher chance of being automated compared to accountants.

[@Kate-bi9dh]

Lol, lawyer tried that and it did not go well. He’s being disbarred. Your tax returns are different because of the risk tolerance (and OCD level) of each. Did they go through each expense? Did they write off only what has a receipt? Etc. Accountants know we can end up in court against the IRS, some cut corners and risk it. Others play by the book.

[@hurleyjc]

Right enough to the benefit of who is the question

[@carlherrera2719]

Thank you for all the info my friend

[@dallinlowe2627]

People don’t understand that AI is a tool. Thats all it is. You can use it just like any other tool, but it’s not replacing any jobs within the next like 10 years or so.

[@trawsoza2926]

Nah im not taken chances with the irs im using and accountant. Also, i think there are laws in place to protect accountants

[@that.dawson]

The IRS would LOVE to see you try this so they can hit you with penalties for doing everything incorrectly lol.

[@corporalcuddles]

Did the 20 human accountants get 95% accuracy? or lower?

[@martinmicheals570]

so the computer has a CPA now I wonder who's going to give them a medical license next

[@oedipusvv]

This is completely inaccurate

[@swagsukeuchiha7599]

Accurate

[@vincemartin5323]

​@@swagsukeuchiha7599 try and filling your taxes this year using only chat GPT 😂 See how that goes ,

[@looter444]

Yes yes chat gpt or goodbooks will understate profits in a perfect way to evade taxes

[@smoakpipe]

Taxation is theft and the ai don’t care so what good is it really Alex

[@colecrouch4389]

95% accuracy maybe for the basics😂 I’m not trusting chat gpt with my accounting at this point.

[@priestesslucy]

You don't try to automate the accounting, you use it as an educational tool to help you understand your own accounting (and fact check it in the actual law code.)

[@678friedbed]

what would be awesome is if the tax code wasn't the size of the Hogwarts series books × 10

[@paulaarosee]

I work in an accounting office and let me tell you most of these people don’t even know what they are reading. They don’t know what most things on the accounting side means in terms of their business. A lot of people need a hand to hold and a computer does not give them that🤷🏼‍♀️

[@lordlopikong6940]

If you've been in accounting or even touch it, you'd be surprised and how glad you'd be to have AI replace the minor works and make the accounting procces easier. Edit. I've been using chat gpt in my accounting and I have to say. It's useless, it can't handle variable problems. It's only good for simple problem and maybe there is a concept you don't understand

[@0ijm3409fiwrekj]

Right enough

[@Los47]

Welp there goes my life

[@richardbloom2209]

I find it amazing that the FTC has not criminally charged him.

[@TheYaegerjeusmc]

5% error!!!! Out your mind…

[@IluvinortheIneffable]

You should see the error rate of humans

[@brandonallger1795]

Just don’t be mad when your CPA asks for a $2,500 retainer to fix prior year issues on your AI assisted do-it-yourself tax returns.

[@upstateNYfinest]

AS a CFA, I can assure you that AI cannot completely replace accountants. It might replace some overly repetitive work but human intetpretation of how to clasify things is still needed

[@austinprevost]

I’m a CPA and a tax advisor. There will always be human judgment involved in my profession regardless of AI. Chat GBT is not that great haha.

[@Tassaczek]

omg.. I was taking about taxes (vat to be specific) with chat today xD

[@JfkNeedsWindWall]

Its not scary when you need the knowledge of what to ask and why to ask. Only experience will get you to those 2 answers

[@alexsmith4870]

The CPA exam is accounting for increasing technological advancements in the careeer field. Like other fields of accounting its a specialization but accountants aren't going extinct, and with the way im seeing quickbooks and self prepared tax returns come in from new clients, we're not going to run out of clients ANY TIME THIS CENTURY. That 95% stat is more accurate towards how many people suck at basic finance, although thats an understatement tbf

[@myboringdesktop]

Now ask it who is going to buy the services and goods that those businesses sell when the majority of people are replaced by bots....

[@danielshook4055]

You still can’t just rely on it being accurate without knowing anything about what it is doing for you. That is why you’ll still need CPAs and tax professionals to verify and interpret the work of AI

[@WinterWolf94]

Accounting is more than just taxes.

[@rblbatb]

I like it when non-accountants tell me about the future of my job.

[@RayfieldA]

Chat GPT, is Good enough for Me! 👍🏾

[@aliabid6348]

My friend individual tax isn't rocket science governments all around the world have online tax filing apps that you can fill out and it's done. It gets more and more tricky as you gain more and more sources of income.

[@ProbablyAtTheOffice]

Lmao that 5% it’s wrong will fuck you up 😂

[@ScottAinslie-lu7cb]

This is not true.. I work in accounting and it’s wrong most of the time

[@ConsultAccounting]

Not anymore :D

[@consultantnigel-projectman7274]

It's NOT a matter of whether the return is accurate. WRONG. It's a matter of who I want sitting with me during an audit. I want my CPA and Attorney. I want my CPA to know my income statement and balance sheets, my attorney to know the law, and BOTH to keep me out of jail.