HIVE TAX AI
Lotus Li
Lotus Li is a CPA who has transformed 20 years of professional experience into building products with a mission to simplifying everyone’s tax journey. She is passionate about bringing cutting-edge AI into the world of tax and finance and is deeply immersed in designing, building, and launching innovative AI-powered tax solutions.
The Rise of the Robo-Advisor: How HIVE Tax AI is Powering the Future of Financial Planning
HIVE Tax AI is offering a game-changing tool for financial professionals — a comprehensive AI-powered financial planning assistant.
AI Financial Planning: The Future of Personal Finance is Here
Advancements in artificial intelligence (AI) technology have paved the way for a new era of personal financial planning. What you need to know.
How AI is Helping Financial Planners Right Now
Wealthmanagement.com presented an article in June of 2023 where they asked three different AI tools how AI is helping financial planners right now. They asked Google's Bard, Open AI's ChatGPT, and Microsoft Bing. They presented the answers directly how each AI...
ChatGPT Passed Accounting Exams: Will AI Replace Accountants?
As artificial intelligence (AI) rapidly evolves, a McKinsey study predicts that by 2030, AI could displace 15 percent of the global workforce. This leads to the question, will AI replace accountants? The release of ChatGPT, a groundbreaking language model by OpenAI,...
Summary: IRS Employee-Retention Credit (ERC) Warnings
Annual Federal Tax Update This article is the part 4 of 4 in a series: A curated list of updates to prepare you for tax season 2023 The Internal Revenue Service (IRS) has recently implemented a significant change regarding the Employee Retention Credit (ERC), a...
Summary: New and Expanded Individual and Business Credits
Annual Federal Tax Update This article is the part 3 of 4 in a series: A curated list of updates to prepare you for tax season 2023 There are many tax credits and deductions that can help you reduce your tax liability or increase your refund. Here are some of the most...
IRS Summary: Guidance on 2023 Inflation-Adjusted Rates
Annual Federal Tax Update This article is the part 2 of 4 in a series: A curated list of updates to prepare you for tax season 2023 The IRS adjusts various tax-related thresholds annually for inflation. For 2023, these adjustments include changes in tax brackets,...
Summary: IRS Guidance on Reporting and Taxation of Cryptocurrency and NFTs
Annual Federal Tax Update This article is the first part in a series: A curated list of updates to prepare you for tax season 2023 As digital assets continue to gain prominence, the IRS has provided guidance to clarify the reporting and requirements for taxation of...
Quality in AI Accounting: How Accuracy is Programmed
Artificial Intelligence (AI) has revolutionized various industries, and accounting is no exception. AI in accounting streamlines and enhances financial processes, offering a level of accuracy and efficiency previously unimaginable. Developers can train AI systems and...
Stay Ahead of the Year-End Frenzy with Our Annual Planning Checklist for CPA Firms
As the year quickly comes to a close, wrapping up end-of-year tasks and getting ready for 2024 takes more than just running numbers — it requires a strategic plan. So we built our Annual Planning Checklist for CPA Firms — your roadmap to a smoother year-end...