Tax & Accounting with Peter Piluk

One of our podcast experts, Peter Piluk and SBCN Co-Founder Linda Ockwell-Jenner discuss the increasing use of AI in accounting, particularly for small firms like theirs. Peter explains how he and his wife use AI for research, refining financial tasks, and even proofreading his LinkedIn posts – which are surprisingly successful. He highlights AI’s strength in following rules, like accurately posting transactions based on established accounting guidelines. Peter demonstrates how AI can automate tasks like monitoring client numbers and alert him to potential issues, freeing up his time. He emphasizes that while AI isn’t a complete replacement for accountants, those who embrace it will thrive, particularly as AI’s costs are expected to decrease over time, potentially shifting to a subscription model.