In this episode, our panel of experts delves, once again, into the exciting realm of artificial intelligence (AI) and its impact on accounting. We begin by discussing the key factors to consider in order to leverage AI effectively in the industry. The panel shares strategic insights and considerations for maximizing the potential of AI in accounting practices.

Accuracy is a crucial aspect of AI, and we explore its reliability in various tasks. Our experts engage in a comprehensive discussion, shedding light on the current state of AI accuracy and its limitations. The integration of ChatGPT in Firefly is a topic of interest, and our guests share their thoughts on its advantages, challenges, and potential impact on customer service.

The future of AI in accounting jobs is also discussed. Our panel debates whether AI will replace all accounting roles or primarily affect specific positions. They offer their predictions and observations on the evolving landscape of accounting in the age of AI. Join us as we explore the potential, challenges, and ethical considerations surrounding AI in accounting. Jackie Meyer and our esteemed panel of experts provide valuable insights into this rapidly evolving field.

What you'll hear in this episode:

[3:20] Introduction of the panelists.

[6:10] What are the things that we need to be thinking about now in order to leverage AI further?

[16:00] How accurate is artificial intelligence?

[18:35] What are your thoughts on the use of ChatGPT in Firefly?

[24:45] Is AI taking all accounting jobs or is it going to take only particular roles?

[30:45] What's the better framework to go through with ChatGPT?

[37:55] What integrations are you seeing that you're excited about?

[41:05] What integrations would you like to see coming out?

[44:10] What's the deal with more personal AI?

[51:05] Thoughts on security and privacy in the future with AI

[54:20] Are there any other ethical issues that you want to bring up about AI?

Learn more about Rob on the Accounting Influencer's website: https://accountinginfluencers.com/ or connect with him on LinkedIn @Rob Brown

Connect with Chris on Instagram @betterwaycpa or learn more on the Better Way CPA website: https://www.betterwaycpa.com/

Learn more about Patrice and her services on LinkedIn @Patrice Malloy or on the Malloy Management Group website: https://www.malloygroupinc.com/

Connect with Jason on Twitter @JStaatsCPA or on LinkedIn @Jason Staats

Find more content from Jackie on Instagram @jackiemCPA

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/

I am thrilled to have Crystal Wampler as my guest today. Together, we dive into captivating topics at the intersection of cryptocurrency and the cannabis industry, providing valuable insights into these dynamic fields.

Web 3 takes center stage in our conversation, as Crystal and I delve into its meaning and operations. We unpack the transformative advancements and technologies driving Web 3 and discuss the potential impact it holds for various sectors and individuals.

Shifting gears, we delve into what keeps Crystal balanced and happy in this world. Her insights and practices provide actionable tips for maintaining well-being and pursuing happiness, offering a source of inspiration for our listeners.

Lastly, we touch upon our use of Chat GPT, sharing our experiences and anecdotes. This AI technology has proven to be an invaluable asset in our content creation, research, and editing processes, enhancing our overall productivity and creativity.

What you'll hear in this episode:

[1:00] Crystal's background and where she came from

[6:00] How did you come to realize you had fibromyalgia?

[11:05] Crystals podcast "The CryptoCannaVerse Show"

[15:10] What is Web 3 and how does it operate?

[21:05] What is Ether Scan, and how does it function?

[24:05] What is one book or novel that every listener should prioritize and find immediately?

[28:55] What keeps you balanced and happy in this world?

[33:55] Crystal's experience as more of a starter than a finisher.

[39:15] How Jackie and Crystal have been using Chat GPT

Connect with Crystal on LinkedIn @Crystal Wampler

Check out Canethics for tax advice on your cannabis business

Check out Crystal's podcast The CryptoCannaVerse Show

Connect with Jackie on Instagram @jackiemCPA

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/

I'm joined by a panel of experts to dive into the pressing issues accountants face with the integration of artificial intelligence (AI) in our profession. Together, we explore why AI is such a crucial concern for accountants and emphasize that it should be viewed as a tool in our tool belt, rather than a static concept.

During our discussion, we debate the possibility of AI taking over compliance tasks in audits and the urgent need for upskilling within the accounting profession to keep up with the rapid advancements in AI technology. As we examine the dynamics of AI adoption, we contemplate whether it will be primarily driven by customer demand or if it will actively shape the accounting profession itself. Our conversation also dives into the ethical implications of AI, addressing the significant ethical issues surrounding its deployment in our field.

Looking ahead, we speculate on the future of AI over the next five to ten years and its potential impact on the accounting profession. We discuss how value is being redefined beyond traditional output metrics, urging fellow accountants to adapt to this evolving paradigm.

What you'll hear in this episode:

[3:05] Why is AI such a pressing issue for accountants?

[8:10] Technology is just a tool, it's part of our tool belt.

[10:45] ChatGPT doesn't care what you call it.

[16:00] Is AI going to take over compliance tasks like audit in the future?

[22:45] We are already behind our education system, and our funnel of accounting majors is already very behind in terms of the skill set we need in the accounting profession.

[25:40] The need for upskilling in tax advisory.

[31:00] Is this going to be driven by the customer, or is it going to drive the profession?

[34:20] Should we start using chatbots to summarize articles, emails, etc.?

[44:35] What's the biggest ethical issue you see with AI?

[47:35] Where is this going over the next five to ten years?

[53:35] Redefining value outside of output and how it will evolve.

Connect with Darren on Twitter @dazglanville and learn more with him on the Fathom website: https://blog.fathomhq.com/author/darren-glanville

Learn more from Ed on his website https://www.edkless.com/ or connect with him on LinkedIn @Ed Kless

Connect with Donny on LinkedIn @Donny Shimamoto and learn more about Intraprise TechKnowlogies on their website https://www.intraprise.us/

Learn more about Shannon's services on her website https://www.fitnancialsolutions.com/accounting and connect with her on Instagram @shannonkweinstein

Connect with Jackie on Instagram @jackiemCPA

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/

Your host, Jackie Meyer, talks with IRS Enrolled Agent Mariette Martinez and the CEO and Creative Director of the Theatre of Public Speaking, Misty Megia. Mariette is a small business advisor and public educator helping Entrepreneurs thrive by sharing the importance of small business financial management and leveraging technology to improve their processes. Misty is a Creative Director for high-achieving leaders who want to unmute themselves and give presentations that move people. She aligns theatre with the corporate world, helping your speech remain alive in the memory of your audience, and persuading investors, executives, teams, and peers to take action.

To learn more about Mariette's work, click HERE.

To learn more about Misty's work, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Your host, Jackie Meyer, talks with the Founder of Platinum Book Keeper, Tiana Santos. Platinum Book Keeper is a reliable tax and bookkeeping service out of Salinas, CA with a mission to give you peace of mind with tax preparation and bookkeeping matters. 10+ years of experience in the industry means you can count on them for what matters most.

To learn more about Tania's work, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Your host, Jackie Meyer, talks with the Co-Founder of Tri-Merit, Randy Crabtree. Tri-Merit supports CPAs, CFOs, and owners of small-to-midsize businesses by serving as an extension of their advisory team to lessen the tax burden and increase cash flow. They work with companies to uncover the engineering, manufacturing, and product development data needed to support claiming engineering-based tax incentives such as the R&D tax credit, and tax planning strategies such as cost segregation.

To learn more about Randy's work, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Jackie Meyer talks to Greg O'Brien in this episode of The Concierge CPA. According to his LinkedIn, Greg O'Brien is a CPA specializing in complex tax planning and virtual CFO services for startups, entrepreneurs, and high-growth individuals. Greg O'Brien is the Co-CEO of GO CPA. Greg founded GO CPA to specialize in working with entrepreneurial clients who own startups, small businesses, and real estate investors growing into more complex tax and financial issues.

To learn more about Greg's work at GO CPA, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Alicia Pollock is interviewed on this episode of The Concierge CPA. After falling into QuickBooks training over her many years of teaching and consulting, she's found a great niche educating business owners and accounting firms on best practices and hacks for productivity. Jackie discusses everything from two amazing IT hacks that she knows nothing of, to working with your spouse and how to make it successful. In between, we talk about educating our industry and how vital it is to include QuickBooks in basic education at firms during the great resignation. We also discuss how we met at appyhourcamp.com and what an amazing experience it was.

To learn more about Alicia's work, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Your host, Jackie Meyer, talks with the Founder of Intraprise TechKnowlogies, Donny Shimamoto. The visionary behind the Center for Accounting Transformation, Donny is leading a movement to enable transformation and change the world for the better by empowering and equipping business and accounting professionals with leading-edge tools and techniques. Donny is the visionary behind the Center for Accounting Transformation and he's leading a movement to enable transformation and change the world for the better by empowering and equipping business and accounting professionals with leading-edge tools and techniques.

To learn more about Donny's work with ITK, click HERE.

To learn more about Donny's work with the Center for Accounting Transformation, click HERE.

To check out Donny's LinkedIn, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/. 

Your host, Jackie Meyer, talks with Brandon Hall, a Managing Partner at Hall CPA PLLC. Hall CPA offers accounting and tax services to grow your real estate business. Their specialized real estate expertise uncovers opportunities other CPA firms miss. 80% of their advisors are real estate investors, and 100% are real estate investment experts. Their elite team of Real Estate CPAs will guide you through proactive tax planning and outsourced accounting services. After working with over 800+ investors, they designed four core services to meet the needs of growth-minded real estate investors.

To learn more about Brandon's work, click HERE.

To view Brandon's LinkedIn, click HERE.

Interested in being a guest on the show? Apply HERE! 

Check out more of Jackie’s work at https://www.jackiemeyercpa.com/.