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#TechAdaptation
otaviogilbert · 4 months
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How Classic Business Strategies Will Keep You Thriving in a Tech-Heavy World
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Unlock the timeless wisdom of classic business strategies with insights that will keep you thriving in a tech-heavy world. In this video, discover the enduring principles that stand the test of technological advancements and learn how to navigate the ever-evolving business landscape with confidence and resilience.
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4leafperformance · 3 months
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Facing challenges in keeping up with the technological demands of restructuring? Now is the time to empower your team with the right digital tools to streamline workflows and make data-driven decisions. Embrace this transition as a catalyst for tech innovation that keeps you ahead in your industry. #TechAdaptation https://www.4leafperformance.com/services/leadership-development/
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lawyer2ca · 5 months
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🤖 Embracing Change: Chartered Accountants and the Future of Robot Tax Returns 📊💼
- @lawyer2ca
🚀 Within 2 years, India may introduce a law requiring chartered accountants to file tax returns for robots, adding a new dimension to our industry.
🔍 Uncertainty Prevails: Questions linger about chartered accountants' accountability for AI-driven errors in tax returns, emphasizing the need for rigorous due diligence.
⚖ Legal Dynamics: Section 273B of the Income Tax Act offers relief from penalties with due diligence, but navigating the legal waters of AI-based evidence remains a challenge.
🌐 Data-Driven Era: The Income Tax Department leverages satellite imagery, banks, mutual funds, customs, property registrars, and social media for tax assessments, urging accountants to stay tech-savvy.
💡 Proactive Measures: Auditors must analyze insurance contracts to prevent legal disputes arising from AI or technological errors, learning from cases where misuse of AI tools led to severe consequences.
Adapting to this transformative era, chartered accountants must stay informed and agile as robots become taxpayers. 💪🚀
Link: https://www.moneycontrol.com/news/business/personal-finance/chartered-accountants-may-soon-have-to-file-tax-returns-for-robots-experts-12003911.html
#FutureofFinance #AIinTaxation #CharteredAccountants #TechAdaptation #Lawyer2CA
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