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Record-keeping Best Practices: Organizing Financial Records for Tax Purposes

Effective tax planning and compliance rely heavily on maintaining accurate records. In this piece, we delve into the significance of proper record-keeping for tax-related reasons and discuss the optimal techniques to achieve it. We explore the significance of keeping organized financial records, offer advice on effective tax planning, and highlight the advantages of utilizing professional […]

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The Impact of ChatGPT on Finance and Accounting

ChatGPT is an artificial intelligence-driven chatbot developed by OpenAI based on the GPT-3.5 architecture. ChatGPT was released to the public in October 2022, and has taken the world by storm. Using ChatGPT for finance and accounting¬†can have both pros and cons. On one hand, ChatGPT provides accurate responses to complex financial and accounting questions swiftly. […]