CPA Blog

A general look at generative AI for businesses

Details

Published: Wednesday, 03 April 2024 11:54

Written by Phillip Strickler, CPA.CITP

If you follow the news, you’ve probably heard a lot about artificial intelligence (AI) and how it’s slowly and steadily expanding into various aspects of our lives. One widely cited example is ChatGPT, an AI “chatbot” that can engage in conversations with users and create coherently written articles, as well as other content, when prompted.

ChatGPT and other similar chatbots are what’s known as “generative” AI. The operative word there refers to software that’s able to generate new content based on input from users and existing data either inputted during development or gathered from the internet.

Read more ...

The tax deadline is almost here: File for an extension if you’re not ready

Details

Published: Tuesday, 02 April 2024 11:50

Written by Phillip Strickler, CPA.CITP

The April 15 tax filing deadline is right around the corner. However, you might not be ready to file. Sometimes, it’s not possible to gather your tax information by the due date. If you need more time, you should file for an extension on Form 4868.

Read more ...

Should your business change its health care plan for next year?

Details

Published: Friday, 22 March 2024 08:48

Written by Phillip Strickler, CPA.CITP

Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps to think about launching a plan for the very first time.

If you’re going to do either, you’ll have many details to sort through. To simplify matters a bit, le

Read more ...

B2B businesses: Assess customer credit carefully

Details

Published: Wednesday, 13 March 2024 08:53

Written by Phillip Strickler, CPA.CITP

Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware of the double-edged sword that is customer credit.

On the one hand, it’s common practice. Most customers likely expect to be offered a credit option when engaging in B2B transactions. On the other, credit arrangements inevitably come with risk of late payments or nonpayment, which can lead to cash flow problems for you.

Read more ...