Jason On Firms Podcast 442 How To Know When Work is “Good Enough”
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Apr 11, 2025 Navigating the balance between quality and automation in accounting is a hot topic, especially with AI's rise. The discussion reveals how AI can streamline email management and decision-making, while also critiquing its impact on workflows. There's a deep dive into AI's potential to redefine accounting standards and tax preparation, raising concerns about talent shortages. Ultimately, the need for human connection and perspective remains vital as the industry adapts to these technological shifts.
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Productized Solutions vs. Professionals
- Many productized accounting solutions are not as good as firm professionals.
- However, these solutions are still significantly better than what clients can do themselves.
Good Enough Bookkeeping
- A fully automated bookkeeping solution could become the new standard, even if it's lower than current professional standards.
- This could unlock benefits like full automation or greater compliance.
International Tax Reporting
- Countries like the UK and Australia have implemented mandatory, more frequent tax reporting (quarterly or annually).
- This has changed the relationship between accounting firms and clients, requiring more frequent touchpoints.