“I have only begun to experiment with AI in my business.”
How so? No need to be specific. I’m curious.
On the revenue side is helping me package advisory services that can be done in connection with our current services by leveraging the information we have in creating reports that give advice for a fee
On the expense side it’s going to significantly cut down on research time, communication time with clients, and assist in establishing standard operating procedures so that I can delegate more work to lower paid people including possibly overseas.
On the efficiency side by decreasing the amount of time my employees are working on preparing tax returns, payroll, bookkeeping, financial statements, it’ll allow us to prepare more without increasing payroll. I have more potential work that can be done but not enough people to do it.