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Do we need accountants anymore?

I've got a friend who runs an accounting firm. His accounting specialist are horrified by the fact that it answers tax questions with 95% accuracy.

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Format
Short
Origin
MoreMozi Shorts
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Full transcript on this page

Key takeaways

  • They sent out one business 20 different accountants and they asked them to file tax returns.

Chapters

  1. 0:00
    Abschnitt 1 I've got a friend who runs an accounting firm.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

1 segments

0:00I've got a friend who runs an accounting firm. His accounting specialist are horrified by the fact that it answers tax questions with 95% accuracy. So, what happens with all of these people who used to do this for a living? It can do it immediately and cheaper and better. The IRS did a study on this. They sent out one business 20 different accountants and they asked them to file tax returns. All 20 tax returns were different. So, it's not whether it's right or not, it's just how right is it? And so, if it's right enough, then it can replace a lot of work.