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In the world of financial advisory services, efficiency and accuracy are paramount. HIVE AI's Financial Planning Assistant emerges as a game-changer, revolutionizing the way financial professionals manage their client interactions and business operations. This...

Advancements in artificial intelligence (AI) technology have paved the way for a new era of personal financial planning. What you need to know.

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...

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,...

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...

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...

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,...

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...

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...

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for over 60 tax provisions for the tax year 2024. Notable changes include the reinstatement of the Hazardous Substance Superfund financing rate for crude oil and petroleum products...

In a recent podcast interview with the Journal of Accountancy, Mfon Akpan and Scott Dell, both educators and experts in the field of accounting, delved into the significance of CPAs (Certified Public Accountants) and other professionals understanding generative AI,...

In the ever-evolving landscape of finance and taxation, accountants, tax preparers, and CPAs face a constant challenge: staying up-to-date with the latest tax codes, providing exceptional client service, and reducing the risk of errors in tax preparation. Furthermore,...

Lately, we've been hearing a lot about AI and robots potentially replacing humans at work. While most of the discussion revolves around how AI affects employment, there hasn't been much research. Creating and using these technologies can affect the quality of jobs,...

The IRS has introduced a special withdrawal process to protect small businesses and organizations from scams related to Employee Retention Credit (ERC) claims. This new option allows certain employers to withdraw their ERC claims if they haven't received a refund yet...

Artificial Intelligence (AI) has been transforming industries across the board, and accounting is no exception. The integration of AI into accounting processes is reshaping the way financial professionals manage data, make decisions, and ensure compliance. The current...

The world of accounting is evolving at an unprecedented pace, with complex tax codes, regulatory changes, growing client expectations, and accounting professionals leaving the industry in droves. In this rapidly changing landscape, tax preparers and CPAs must adapt...

In a world where technology seems to be advancing faster than we can update our smartphones, it's no surprise that even the world of finance and taxation is being touched by the digital revolution. Picture this: you sit down to do your taxes, but instead of sifting...

AI tax apps operate by leveraging artificial intelligence and learning technologies to simplify the tax preparation process.

In the ever-evolving world of accounting and taxation, the role of Certified Public Accountants (CPAs) is undergoing a transformation. Thanks to advancements in artificial intelligence (AI), accounting professionals now have access to powerful AI for CPA tools that...

Excellent new report released by Deloitte titled "Novel and exponential technologies in Finance" about the future of finance and accounting covers AI tools:...

Artificial Intelligence (AI) has become a driving force in various industries, reshaping the way we work and live. In the world of finance and accounting, AI is ushering in a new era, transforming the landscape for both Certified Public Accountants (CPAs) and the...

This great article from Time covers a lot of bases. It highlights AI's capacity to enhance healthcare, energy efficiency, and autonomous vehicles, among other sectors, emphasizing its growing importance in our daily lives. The article also touches on the challenges...

AI is rapidly being integrated into common financial tools. Intuit just announced it's new AI assistant for Quickbooks that is going to change the way you use their financial tools. https://youtu.be/19QXJqurhBg Learn more:...

HIVE AI Tax Software offers extreme efficiency, cost savings, increased customer offerings, scalability, and other benefits to CPAs and tax preparers with three products: a client-facing AI Tax Assistant, an internal AI Tax Research Assistant, and a Financial Planning tool.

Tax season can be a daunting time for tax preparers and their clients alike. The endless forms, calculations, and communication can quickly become overwhelming, leading to long hours and lots of stress — on both sides. However, in an era where technology continues to...

Amid the swiftly evolving economic landscape, a wealth of valuable knowledge and insights held by finance experts often goes unnoticed. The aim of this report is to establish a platform for these professionals, encompassing auditors, accountants, and consultants,...