It now gives a generic answer and tells to go see a accountant 😂

@redlionplumbing

Жыл бұрын

Does it still give good answers with DAN or behind the pay wall? 5 years from now bye bye bs jobs.

@geort45

Жыл бұрын

damn really?!

@Maceventur

Жыл бұрын

just mask the question there is always a workaround

@Jack-hv3uj

10 ай бұрын

Someone needs to release a Chatgpt that's largely unfiltered or restrained

@kabir2077

10 ай бұрын

@@Jack-hv3uj That'd be kinda hard because than you could get away with a lot of bad shit. Like how to make meth or a bomb. Also leaving things unfiltered would probably make it less accurate.

As someone working in an accounting firm, this is the equivalent of telling people to use chat gpt as a replacement for a lawyer lol. Ain’t shit getting automated

@RickysPlums

2 ай бұрын

You’re just mad that your job will be gone in a few years 😂

@zombiewombb

2 ай бұрын

@@RickysPlumson gang bro projecting

@danielhova7826

2 ай бұрын

@@zombiewombb yes, an employee of an accounting firm is deeply concerned about what someone on KZread thinks that says “on gang” I’m dying over here 😂💀 “On gang” babahahaha

@jalilmonroe1289

2 ай бұрын

@@RickysPlumsyou didn’t even respond to his point , address the fact that accounting being automated is almost the exact same as lawyers being automated

@jalilmonroe1289

2 ай бұрын

@@zombiewombbyou don’t even know what accountants do

"95% accuracy" I've always wanted an accountant with a 5% chance of sending me to prison.

@davidc4408

9 ай бұрын

They will not send you to prison over a small amount. They will just ask you to pay with penalty

@lordlopikong6940

8 ай бұрын

Tax accounting for single payers ain't complicated

@albertokagbuecpa

8 ай бұрын

@@davidc4408haha so not true. Depends on which 5%. Every number is not created equal. Not in Accounting and definitely not in tax.

@davidc4408

8 ай бұрын

@@albertokagbuecpa If genuine error there is just option to pay with fine . If happens repeatedly then they can question

@AlDEN1999

7 ай бұрын

​@@davidc4408depends... They might even delay the letters as long as possible and you have a £1,200 fine from the HMRC and it's gaining interest at that point... That's what happened to me, I contacted an accountant and they charged me £360 to sort the whole thing and I was actually due £750 refund. I didn't enter the field of accountancy back then so I knew nothing so being in debt £1,200 excl interest vs being up £390 was well worth a chartered accountant.

“I don’t know anything about accounting, let me talk about accounting”

@RomeoHatesShrimp

Жыл бұрын

Yeah this is exactly what people said about Excel lol

@chivimbe

11 ай бұрын

AI will replace online influencers like this guy before it does accountants lol

@manofsteel9051

10 ай бұрын

​@@chivimbeTrue, this guy is just waffling on a career that he doesn't understand

@adamarce8341

10 ай бұрын

@@chivimbeonline influencers? You buffoon look him up

@althafjay4807

10 ай бұрын

​@@chivimbelmao. He's gonna be a Billionaire in 5 years. What these accountants gonna do when AI gonna replace them? They got no other skillsets. .

Sure, let ChatGPT represent you in front of the IRS.

@wardude9161

Жыл бұрын

If chatgpt is better than humans why not?

@kikiberlusconi

Жыл бұрын

Accountants won’t be replaced 100%. I think what Alex is trying to get at is that the nature of their work will look different.

@Los47

Жыл бұрын

A.I recently was set to advise a defendant in a court case for the first time earlier this year.

@mayonaisedragon

9 ай бұрын

@@wardude9161a robot isnt a human plain and simple. SIR CHAT GPT SAID YES isnt a defense in tax court or court if its a big oopsy

@RevealedFilms

8 ай бұрын

If my accountant has me in front of the IRS, they’re not a very good accountant

Lots of accountants aren't necessarily tax accountants either. At least in the US, all public companies will still need auditors to do their quarterly/yearly filings. That is a lot harder, not impossible, to replace due to the nature of the investigative work.

@LATINOFAXTS

9 ай бұрын

Thanks for this. On my second year in College to get my bachelor’s in accounting. Planning in doing auditing 🫡

@lemonstrangler

9 ай бұрын

been thinking about it too but i saw on reddit how ai is gonna replace it ..@@LATINOFAXTS

@oldboy1955

8 ай бұрын

​@@LATINOFAXTSdo you work as of yet, what do you do for work while studying accounting?

@kelmanl4

7 ай бұрын

99% of accounting work is not tax related, I say that as a forensic accountant.

@kelmanl4

7 ай бұрын

​@@oldboy1955Ideally anything in payroll, audit or finance is useful but Admin can also give you experience.

Bro doesn’t know that accounting is different from tax…accounting and tax on a base level is already being replaced but software… the value add services are key here

@cremedelacorn5356

Жыл бұрын

This bro doesn’t know accounting firms have tax specialists

@AlDEN1999

7 ай бұрын

I genuinely don't believe he has any accountant friends.

@idcman6692

6 ай бұрын

Bro just want to get his bill paid

@fdloop

4 ай бұрын

Wrong. Software aren't doing the job for you

As someone that actually works at an accounting firm, I think that probably the accountant was horrified on how bad chatgpt could mess up the tax returns lmao 😂

He’s not saying “let ChatGPT do your taxes this year,” he’s saying “AI will probably be able to do your taxes in 5-15 years.”

@HotelBravo556

Жыл бұрын

1-2 years probably

@B34RABLE

Жыл бұрын

I’d guess 3-5 years from now

@macgyver2169

Жыл бұрын

@@HotelBravo556 Definitely this and not 15 lol. I'd say even 2 is a stretch. Now that the technology exists, it's purely application instead of invention. AI will put a lot of people out of jobs soon.

@ciello___8307

11 ай бұрын

accounting is more than just taxes though. In fact, some of the more lucrative "accounting" jobs aren't in tax

@bettycooper369

10 ай бұрын

The Canadian government is talking about doing it for us, people would just send in any changes/deductions etc to update

You need the CPA signature and the AI can’t provide that

Explain To me section 721 transactions, calculate the inside vs outside basis, for a partnership which owners contributed property from a DST, which was previously transferred in by a 1031, one of the partners died, another paid the liabilities of a second partner, oh and it’s liquidating

@josephaccetturoiicpa7875

Ай бұрын

@AryadeepDe-up9uf That's the point. I understood. There is no way our job can be replaced.

Accountants are already using software, the software will just get more and more impressive

@AlDEN1999

7 ай бұрын

Yes excel is great and xero, sap and sage are all great tools but if you don't know basic accountancy theory everything will be fked... ChatGPT has got things wrong and I have had to correct it at times. In the future I do think it will be a useful tool however it needs to be able to memorize, store and verify sources of different terminology and accountancy bodies.

@AdeAde0224

7 ай бұрын

So impressive until the software completely replaces you

@al-mungus677

5 ай бұрын

​@@AdeAde0224there are counties that do the taxes for you and they got accountants still

@jakantogenie

4 ай бұрын

@@AdeAde0224 The worst part is they’ll still make you do it yourself

@shaunrosenberg4568

3 күн бұрын

Half of the time I'm just trying to get the software to put down the correct number or the people making the software don't understand a new law so they just want the accountant to override it. 😂 It's like using excel. It's super useful. But you have to know what you are doing.

Not true. It get’s all my Acc 340 hw answers wrong

@psychonaut3763

4 ай бұрын

Lmao I gets my tax hw wrong too 😂

AI will be able to analyze all countries' tax codes and create the most optimal way to set up a company using offshore accounts and where to place your headquarters depending on the style of business you operate. People severely underestimate what AI will be capable of in a few years.

Why would these accounting specialists be horrified? They should be glad. AI just made their jobs 10x easier.

@beem9765

Жыл бұрын

ok but if the people hiring them realize this then who's gonna employ them?

@deeptoot1453

Жыл бұрын

Exactly!

@averagegamer9263

11 ай бұрын

Get paid lesser too

@TheBrotherHoodSports

10 ай бұрын

Actually the AI is learning from the accountants that they will be replacing soon.

@BlStein9

10 ай бұрын

We aren’t horrified because we’ll get replaced; we’re horrified because we know that people will realize hard way why we aren’t replaceable. “Boss man says we should take the aggressive position because the AI says you may qualify.” “But we don’t qualify, because the boss man didn’t consider this extenuating circumstance when asking…”

Accounts are probably going to mostly turn into data analysts and capital managers. The grunt work will be offloaded to ai, and the high-level stuff will become the new norm.

@Trance24seven

8 ай бұрын

This is true. My team does almost no data entry anymore due to ocr and automation. Now focused on f,p&a and compliance

Lol he doesn’t know what he’s talking about. Turbo tax is already free and will do any individuals taxes for free. If you own a business you need an accountant for much more than doing your taxes, and just because it can answer a tax related question doesn’t mean it can tell you why and how fincianal decisions affect your business (that’s what accountants do).

@BaHuyNguyen

Жыл бұрын

well, not yet

@rajeevdas8624

Жыл бұрын

@@BaHuyNguyen yes it is free

@nicholas4th463

11 ай бұрын

Thank you, we need more wise people so we don't go extinct 😂 i never knew we had such brain dead people here. What a shame!

@rickyaclickpowr2187

5 ай бұрын

Accountants are terrible at business, they don't make good business men/women.

@Boz196

4 ай бұрын

@@rickyaclickpowr2187so then why do lots of ceos start in accounting?

The issue with ChatGPT is it’s fluency in bullshittery. Hard to tell too if your asking about something you know little to nothing about. Wouldn’t want tax advice from it and then end up in jail.

@phillips8366

Жыл бұрын

Whereas real people NEVER bullshit - especially accountants.

@maxpowers4436

Жыл бұрын

Thats the thing, its BS is based off HUMAN BS. Humans talk BS, are nonsensical often make things sound nice without substance.

@lordlopikong6940

9 ай бұрын

Yeah it's good it you have intermediate knowledge about what our asking but if your illiterate to the field your going to jail

@lemonstrangler

9 ай бұрын

oh yeh like real people are 100 percent right?

@SuperiorRecaps

8 ай бұрын

​@@phillips8366You can hold real people legally accountable, you can't do that with AI.

Accounting is not just taxes. I don't know how many times I've had to say that in my life. The day software can account for mergers, takeovers, acquisitions, managerial accounting, auditing, inventory control and fraud prevention with 100% accuracy is far, far away. You should've talked to your friend a little more before posting this.

@lordlopikong6940

9 ай бұрын

The day that happens everyone will be out of business and not just accountants.

@justinp7497

8 ай бұрын

@@lordlopikong6940 100%

@fog7980

7 ай бұрын

Most people and businesses even need most of those services. AI will increase productivity and increase competition for fewer jobs. Or the jobs will be paid nothing because their difficulty goes down

@mariob.4163

5 ай бұрын

​@@lordlopikong6940 the day it happens machines will be so powerful that everybody would be out of work. There is no real safe industry even the trades which are now so praised to be so good can be simplyfied so much that there will be no need to a lot of electrician/idraulic. And I'm saing this by being an electrician

@gl3mmy903

3 ай бұрын

So 15-20years maybe?

I don't want to get 95% chance of going to jail for tax fraud lmfao

@thisisabot9920

Жыл бұрын

You don’t make nearly enough money for the IRS to be worried about you😂

@BigWang7

Жыл бұрын

It would be a 5% chance if what he's saying is true lol

@williamyt6174

Жыл бұрын

@@thisisabot9920 the ITS doesn't bust billionaires who has teams of lawyers. They bust people who can't fight back.

@christpierre

6 ай бұрын

Hormozi's alt @@thisisabot9920

@luhan558

3 ай бұрын

@@thisisabot9920 noooo buttt……nothing is worth being audited by the IRS and they are petty enough to audit even the non bazillionairs like us if we seem to sus.

the bot will not be able to do “creative accounting”

@Bluesnakes333

Жыл бұрын

I see what you did there

@AlDEN1999

7 ай бұрын

It will accidently do it instead and not creatively 😂

Chat GPT can’t answer my accounting homework answers correctly … also tried a W2 example with a details and also wrong every time.

@Crime_Detective101

Ай бұрын

Always debits or credits accounts incorrectly😭😂

Accounting is not just tax….. that’s a very small subset of accounting. Accounting encompasses almost every aspect of business operations

Feels like chat gpt are writing KZread comments 😢

@Floorum

Жыл бұрын

Mitha

It worries me that Alex may not be catching some things about Al, automation, and technology, particularly high tech, in relation to people. I hope he doesn't go too heavy on the ideas. It might end up greatly hurting his branding.

@pridify

Жыл бұрын

Technology is always a hit or miss. Just like crypto

@123456ashake

Жыл бұрын

Completely agree, it's almost cringe worthy watching someone who doesn't know about software trying to talk about software.....

@nicholas4th463

11 ай бұрын

He literally wasted 5 minutes just to think of making a video like this. KZreadrs are lousy with they're research and advice. No wonder no one will hire them 😂.

@willtroy1986

2 ай бұрын

@@123456ashakeit’s amazing to me how many people in the comments are throwing specific numbers out about when AI will completely take over real accountants’ jobs with no experience in the field or even AI. I’m also curious, how do these same people visualize this? That a robot will just magically classify all of your taxes and do them while you sleep? These videos just make people feel hopeless and scared, rather than trying to up skill or advance in their lives.

We still need accountant because 95% accuracy is not good enough

@keijimorita1849

10 ай бұрын

I've been behind the scenes at businesses. LOTS of stuff gets misreported accidentally & intentionally. We will no doubt want the software to be 100 percent accurate nonetheless.

As an accountant, I'm not afraid lmfao. I can see a surcharge for fixing ai prepared returns in the futurre

Unless he's already replaced HIS CPA with AI it's kind of a non-statement. Most people who just have a W2 can file easily for free anyway

@samesame4496

10 ай бұрын

You mean W2?

@RocktracksSC

10 ай бұрын

@@samesame4496 you're right lol, I'll edit it

“Right enough” perfectly sums up accounting.

@karma1507

25 күн бұрын

And to an extent, engineering.

As an entry level accountant I can see an issue where it’s a lot harder in 5-10 years time for new accountants to enter the industry because of automation, but the ones who have experience and knowledge will become more and more valued. I’m certainly lucky to be entering the industry right now.

Wait til Quantum computing becomes easier to produce. Shits gonna get nuts

Automation will eliminate accountant? No chance! That CPU will burn down in few hours of dealing with accounting. - Public Accountant

The advice mentioned in the video has been very practical for me and I would love to try it out and see how it goes. "

In the 80s Apple said their personal computer and keyboard would replace secretaries.

They made an AI take the CPA exam and it failed. In order for a business to thrive it needs accountants because when it comes to management level you need human judgement. Even at staff level for accountants ethics are practiced everyday. There are stories of people at c suite asking to change the numbers on financial statements so they can get a higher cut or to make it look good so the company can get a lower interest rate when asking for a loan at the bank. AI cannot practice this, it’s not just numbers. Accountants have the power to say no and practice ethics or do as the company says then jump ship. Accounting is not just the language of business but the overall structure of the flow of business. Numbers can be easily manipulated, people can be ripped off AI cannot use human judgement. Someone who worked at finance for the Jaguars NFL team stole 22 million, it went undetected because there were no internal controls which is management level accounting, the accountant who was supposed to look over the sheets left so only 1 person was handling it and they were able to get away with 2 mil. Human Accountants are important.

@Greg_Chase

2 ай бұрын

Heads up, it's "judgment" without the 'e'. Truth be told, I'm not even comfortable when my CPA provides my financial documents and he has decades of experience. There is absolutely no chance I'd allow a CPA firm to do my accounting with all AI. If they use it internally, fine. But if I get audited, or something else, there's absolutely no way I'd allow my CPA firm to say "we can't represent you because AI did your financial statements, not us." Part of the job of the CPA firm is to be on the hook for accuracy. When I take my financial statements to a lender, they have to be reliable - by that I mean I MUST have a live person who can be held responsible if the documents are wrong. Although ultimately it's my responsibility (it's my company, it's my financial statements) I will 100% drag my CPA firm in to defend me if a lender, a business partner, a vendor granting me 'terms', and so on discovers incorrect info that led to a 'poor outcome.' "AI cannot be held accountable" just forget it then. Alex is smart enough to recognize all that, I'm 100% sure.

Breakthrough technology only 5% of its customers go to prison

Thank you for all the info my friend

Being a CPA myself its more like you pay us to file your taxes because when the irs comes we can defend your return. Its the same as deciding not to have a lawyer file a legal complaint. Good luck!

95% accuracy maybe for the basics😂 I’m not trusting chat gpt with my accounting at this point.

@priestesslucy3299

2 ай бұрын

You don't try to automate the accounting, you use it as an educational tool to help you understand your own accounting (and fact check it in the actual law code.)

As the son of a dad who owns an accounting firm since the 80s, you need your cpa and enrolled agents/tax specialists, etc. Turbo tax is going to get a lot of people into trouble in the future when the irs audit comes around. Blottenberger, CPA B & B CPA Tyler sent you 😂

Love the insights here!

I asked chatgpt an accounting question. if bad debt expense is recorded, which is debit bad debt expense and credit allowance, and if the money is collected how it should be recorded. It so confidently told me to credit the expense and debit the allowance. its not even accurate in a simple journal entry.

This is completely inaccurate

If their's an error incurred in your account or taxes you can blame the accountant or firm...but how will you blame a AI..its not a person...😮

@nicholas4th463

11 ай бұрын

😂 That's what they deserve for trusting a robot

@nicholas4th463

11 ай бұрын

It's like calling a video game god lol

@lordlopikong6940

9 ай бұрын

It's also funny that IA will need accounting information from actual accountants from every change the IRFS does.

@ganymedehedgehog371

4 ай бұрын

Yeah using AI would probably place all liability on yourself and no intelligent one would do that. When AI gets it wrong it really gets it wrong and tax fraud is taken more seriously than murder.

omg.. I was taking about taxes (vat to be specific) with chat today xD

As someone who’s in college, 241 Financial Accounting, Chat GPT has WAAAAY less than 95% accuracy.

@ishantkumar5423

3 ай бұрын

The lower the accuracy the higher the chance to end up in jail LMAO

how is every tax return different is what has me confused, i have done takes for 100's and that's just interesting to hear

It's the case-by-case situations that it can't handle and the professional advisory and years of dealing with client's silliness - no AI in the world can advise on handling some of these creative messes.

How would automation give an estimated market value of stock or assets?

so the computer has a CPA now I wonder who's going to give them a medical license next

AI will never re-lace accountants lol. Accounting is sooo broad and complex. Plus everyone company in every industry does their financials differently. Even with tax accounting their are so many loop holes and creative ways and changes you need a person to actually do some critical thinking. So yea naw accountants have NOTHING to worry about

@nicholas4th463

11 ай бұрын

I swear, wisdom is literally everything.

@eugene-shestakov

10 ай бұрын

Agreed!

Hey, so how do you think this could impact historical consultancy? I was thinking of starting my own firm, and I’m wondering if it could be a good primer program to help me speed up/maintain a workload that could make me competitive.

Tax planning and filing taxes are not the same thing.

Accounts is different. Its about tallying.

what would be awesome is if the tax code wasn't the size of the Hogwarts series books × 10

5% error!!!! Out your mind…

@IluvinortheIneffable

10 ай бұрын

You should see the error rate of humans

If you've been in accounting or even touch it, you'd be surprised and how glad you'd be to have AI replace the minor works and make the accounting procces easier. Edit. I've been using chat gpt in my accounting and I have to say. It's useless, it can't handle variable problems. It's only good for simple problem and maybe there is a concept you don't understand

People can also stay in great shape with body weight exercise.

Is this IRS story real? because I don't see it anywhere.

I am sure this video was cut up. 20 is not a big enough sample size to determine anything.

Right enough to the benefit of who is the question

Chat GPT, is Good enough for Me! 👍🏾

I actually tested this out. I took a tax test using chat gpt just to see if it was accurate and I got a fail grade…I forget the actual grade but it was in the 50’s…

Welp there goes my life

Taxation is theft and the ai don’t care so what good is it really Alex

So I work in Accounting. Coding payables would be a huge help step for AI. It didn't work. It wasn't there yet. I sat it's at least 5 to 10 years away.

The 5% will be the misinformation the client gives to the accountant. We all miss something.

I work in an accounting office and let me tell you most of these people don’t even know what they are reading. They don’t know what most things on the accounting side means in terms of their business. A lot of people need a hand to hold and a computer does not give them that🤷🏼‍♀️

People don’t understand that AI is a tool. Thats all it is. You can use it just like any other tool, but it’s not replacing any jobs within the next like 10 years or so.

Lol, lawyer tried that and it did not go well. He’s being disbarred. Your tax returns are different because of the risk tolerance (and OCD level) of each. Did they go through each expense? Did they write off only what has a receipt? Etc. Accountants know we can end up in court against the IRS, some cut corners and risk it. Others play by the book.

This guy has zero clue what he’s talking about here for anyone that’s worried

@amawaqum1269

2 ай бұрын

As a CPA there is much company who giving me and beg me to come them …

@ravexplays

2 ай бұрын

​@@amawaqum1269 Come them?

@priestesslucy3299

2 ай бұрын

He's not exactly wrong here though. I've saved so much money using CGPT and Claude to discuss tax matters, look up the code to verify the discussion and save those few things I couldn't wrap my head around for an accountant. Probably trimmed 90% of my accountant service, and I have a way better grasp of the tax code than I used to.

@ravexplays

2 ай бұрын

@@priestesslucy3299 so what are you trying to say , I should stop pursuing accounting as a career. I will drop everything if you say so. I'm very confused.

@BrodyPhilip

2 ай бұрын

@@priestesslucy3299 accounting is way more than just taxes…

The CPA exam is accounting for increasing technological advancements in the careeer field. Like other fields of accounting its a specialization but accountants aren't going extinct, and with the way im seeing quickbooks and self prepared tax returns come in from new clients, we're not going to run out of clients ANY TIME THIS CENTURY. That 95% stat is more accurate towards how many people suck at basic finance, although thats an understatement tbf

Its not scary when you need the knowledge of what to ask and why to ask. Only experience will get you to those 2 answers

I’m a CPA and a tax advisor. There will always be human judgment involved in my profession regardless of AI. Chat GBT is not that great haha.

Bro im just tryna find a path to take in college fam let me get sum kinda job😭

Did the 20 human accountants get 95% accuracy? or lower?

You still can’t just rely on it being accurate without knowing anything about what it is doing for you. That is why you’ll still need CPAs and tax professionals to verify and interpret the work of AI

So, can ChatGPT or whatever become a CPA or a CFP? Can it become a lawyer? For the people with enough money to need an accountant, that 5% error rate could spell prison, or at least penalties and interest.

Yeah, except that 5% can cost you dearly. And how were all 20 returns different? It's very possible it was certain classifications. Tax law is extremely dense and what counts as income, expense, etc for a specific purpose can be extremely vague.

There are multiple branches of accounting, not just tax accounting. 😂

How do we know weather thr ansewars are correct or not.Exactly .we need accountants

This dude don’t know as much as he thinks he does

@justjumari

2 ай бұрын

This dude? This is Alex hormozi buddy…

This will NOT hold up in court. "No, Judge, I didn't use an accounting firm. I used Chat GPT.😅

Nah either way they are still fine. Accounting is more based on judgements and how the companies want their reports filed. a computer cant make perfect judgement in every circumstance for reporting financials. They can do math for taxes but reading and displaying the info is another level

AS a CFA, I can assure you that AI cannot completely replace accountants. It might replace some overly repetitive work but human intetpretation of how to clasify things is still needed

Accounting is more than just taxes.

even if AI can do a theoretically stellar job, the quality of the output is only as good as the input, i.e. a layman may not know what to ask or how to ask it, gets a crap answer, commits fraud, goes to jail.

@nicholas4th463

11 ай бұрын

😂😂😂😂😂😂 they belong in jail, for real. Stupidity should be a crime now days. It's embarrassing to be human at this point

Lmao that 5% it’s wrong will fuck you up 😂

Right enough

Nah im not taken chances with the irs im using and accountant. Also, i think there are laws in place to protect accountants

Jokes are funnier when you tell them.

I knew by how he looks that he was going to say something dumb lol

Plus the thing is people want to speak and be spoken to. It’s a lot easier to trust a person than a computer

Accounting and taxes are two different topics!

Still need to translate a foreign language to the layperson. Also, layperson doesn’t know what they don’t know. GP is close to clueless when it comes to taxes.

AI will be a tool in the accounting industry. Like Microsoft Excel. Not a replacement. It may be fast, but it’s still an accounting tool.

So if I'm a multi-millionaire, I still have a 5% chance of going to prison for tax evasion? I'll pay the damn accountant.

Ppl are straw manning the hell outta this. He's not saying "Replace your accountant". He's saying GPT is making strides in accounting accuracy.

He's just making content

95% isn't good enough, not with taxt returns. And different tax returns don't mean that there is a mistake, anybody who ever took an accounting class knows this. There are different methods that are used in different scenarios. However, an outright mistake, can have horrible consequences, including legal consequences. Just like there is translation software, it can never replace an actual translator. Sure, it can aid him in his work and make his work faster and more efficient, increasing overall output, but it can never replace the human. The question is, will companies need less accountants to run their accounting firms because of this? Who knows, but it's not a certain matter, that's for sure. Same with other automation things, you can't know the effect until afterwards.