AI Advancements Impacting Billable Hours

Welcome back to another episode of the Business Growth Hacks Podcast! In this episode, we plunge into the ever-evolving world of accounting with our guest, Dave Hartley, a CPA who is at the forefront of innovation in his field. Dave shares his insights on the impact of AI on the CPA profession, discussing the ethical and business implications of this technology shift. He explores whether AI will lead to fewer billable hours and how CPAs can adapt their billing models to reflect value rather than time spent. 

Dave also highlights specific ways AI is transforming tasks within CPA firms, from document summarization to complex tax research, allowing professionals to focus more on analysis and less on mundane tasks. This conversation is packed with thought-provoking questions and practical advice for small business owners and professionals looking to leverage AI in their operations.

Key Points:

[00:00] - Introduction to Dave Hartley and his background.

[01:11] - Exploring the ethical implications of AI on billable hours.

[02:17] - The traditional CPA billing model and its potential shift.

[03:43] - The impact of AI on CPA firms and billing practices.

[05:29] - Specific AI applications in document summarization and tax research.

[07:25] - The importance of embracing AI in business.

[09:16] - Balancing AI efficiency with human creativity and expertise.

[10:41] - How to connect with Dave Hartley and his work.

Links Mentioned:

- Connect with Dave Hartley on LinkedIn: https://www.linkedin.com/in/davehartley

- Anders CPAs and Advisors: https://www.anderscpa.com

- Check out Dave's podcast, "But Who's Counting": https://www.anderscpa.com/podcast

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