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Tax Function: Artificial Intelligence - Webinar (Recorded)

  • Webinar

  • 90 Minutes
  • March 2024
  • Lorman Business Center, Inc.
  • ID: 5938714

Gain a better understanding of the advantages and disadvantages of AI, and which AI tools could readily be implement in the workplace.

The implementation of generative AI has been transforming our workplace. When used correctly, AI automates routine tasks, streamlines analyzing data-heavy work, and importantly, improves employee experience and performance. According to a CNBC survey, 72% of workers who have used AI at work say it has made them more productive, compared with 28% of counterparts who cited a negative impact. There are many ways AI could be leveraged to experience its positive and purposeful attributes in our daily work. This presentation will first define what AI is and identify some of the useful AI services. Then, the presentation explains some of the workflows that could benefit from implementing AI and provides use cases. Presenters will emphasize the importance of data security concerns and ethical considerations when balancing efficiency and data confidentiality. Lastly, the workshop will end with determining ways in which tax professionals and employees could start leveraging generative AI in their daily work. Attendees will take away from the webinar with a clear understanding of AI, both its advantages and disadvantages, and a determination of which AI tools they could readily implement in their workplace.

Learning Objectives

  • You will be able to explain what AI is and how tax departments can harness its potential.
  • You will be able to identify workflows that could benefit from using AI, driving efficiencies within your organization.
  • You will be able to discuss some of the data security concerns and ethical considerations related to AI.
  • You will be able to recognize how one can start leveraging AI in their daily work.

Agenda

Introduction
  • What Is This AI Thing? What Is Currently Available?
Taxes & AI
  • Content Generation and Communication
  • Research
  • How AI-Enabled Tax Professionals Could Write Macros/Vbas to Automate Their Tax Work/Task
  • Predictive Analytics and Machine Learning
  • Data Security and Ethical Considerations
Closing
  • How Can I Start? (Next Steps for the Audience - Tax Professionals, Everyday Users)
  • Q and A

Speakers

Michael Campbell, CPA

Crowe LLP

  • Senior Manager at Crowe LLP
  • U.S. international tax and tax technology specialist
  • Head of Crowe International Tax Services Technology Pillar
  • Implemented electronic filing system for 1042-S forms
  • Worked in Fortune 500 tax department
  • Experience working with clients in a variety of industries

David Chavez

Crowe LLP

  • Tax Associate at Crowe LLP
  • U.S. International Tax Specialist
  • Proficient in using AI applications to enhance daily operational efficiency
  • Graduate, Cal State Long Beach

Sarah Cummings

Crowe LLP

  • Machine Learning Engineer (Tech Lead 2) at Crowe LLP
  • Experience working on AI projects for various industries and services
  • Experience building client-facing applications to identify and extract data, using computer vision and natural language processing approaches

Aaron Foster, CPA

Crowe LLP

  • Managing Director at Crowe LLP
  • Tax Transformation specialist
  • Speaker at the Indiana Business Conference on “Leveraging the Power of Data in your Tax Practice”
  • Professional Scrum Product Owner and Professional Scrum Master

Daniel Yang

Crowe LLP

  • Tax Associate at Crowe LLP
  • U.S. International tax specialist
  • Experience in using AI enabled tax practice tools for tax planning and compliance
  • Experience working with clients of various sizes and industries
  • Graduate, Rutgers Law School

Who Should Attend

This live webinar is designed for accountants, CPAs, tax managers, CFOs, controllers, business managers and owners, presidents, vice presidents, CEOs, payroll and benefits managers, auditors and consultants.