TurboTax is Becoming Skynet, Hasta la Vista, Baby! 👋

Hello and welcome back to another thrilling day in accounting, as TurboTax is becoming SkyNet.

Let’s get to it. Here’s what’s on the menu today:

📰 News: TurboTax is Becoming Skynet, Hasta la Vista, Baby! 👋

🖥️ AI Tutorial of the Day: How To Turn ChatGPT Into Your Personal Tax Advisor

📝 Daily ChatGPT Swipe File: How To Turn ChatGPT Into Your Personal Tax Advisor

🗞️ News: TurboTax is Becoming Skynet, Hasta la Vista, Baby! 👋

The writing may be on the wall if you’re an accountant in 2023 ignoring AI.

The big tech-whiz-kid on the financial block, Intuit, is flexing its coding muscles and partnering with OpenAI. What's that mean? They're firing up the grill and cooking some AI algorithms with their Intuit GenOS that'd make John Connor sweat bullets.

We're talking about supercharging their services with OpenAI's GPT 3.5 and 4.0. Yeah, those ones, the ones that can generate poetry, fiction, code, and, oh, did I mention tax calculations?

Picture this: Large language models that have the tax code for breakfast and spit out your financial future before you've had your first sip of Joe. Sound like the future? More like the fast-approaching present.

Now, I can hear you murmuring in the back, "What's all this techy mumbo jumbo got to do with my client's W-2s?" Well, here's the 411.

Intuit is revving up to build AI-driven applications that solve tax, accounting, marketing, cash flow, and personal finance challenges. All in a day's work for the AI, while you're still figuring out how to turn off that cat filter on Zoom.

Here's the kicker: Intuit's handling over 730 million AI-driven customer interactions each year. That's more interactions than there are people in Europe, my friends. And this isn't just about having a robot to chat with, it's about personalized experiences tailored to each user's financial needs.

This is where it gets personal, folks. They're not just crunching numbers, they're crunching your numbers. The AI models are designed to guide consumers and small businesses, to help them prosper. It's no longer just about balancing books, it's about wielding the power of AI to secure financial success.

Bottom line, while you're still figuring out which of your clients might qualify for tax credits, these guys are already predicting how AI can save their customers some serious green.

So, while you're mulling over whether pineapple belongs on pizza (it doesn't), Intuit and OpenAI are busy reinventing the accounting game. And guess what? They're not charging for overtime.

Before you know it, Intuit could be serving up financial advice, tax planning, and god knows what else for cheaper than you can quote your hourly rate.

Best start brushing up on your AI tools and learning how to make friends with the bots, or it might just be "hasta la vista, baby" for you.

🖥️ AI Tutorial of the Day: How To Turn ChatGPT Into Your Personal Tax Advisor

In today’s tutorial you will learn how to leverage ChatGPT to become your personal tax advisor.

Just copy and paste in your client notes to get advice. Note: Do you use identifiable client information like names or other personal data. Instead use placeholder names like “John Doe” along with your actual notes.

Do this all with the click of a button using my latest ChatGPT prompt.

Here’s the video on how I did it step-by-step (and how you can too):

Here is the direct ChatGPT link that you can literally copy/paste your own notes to activate TaxAdvisor-GPT (this prompt automatically installs the correct plugins) for you.

Feel free to use and tweak and lmk if you come up with a better prompt and I may feature you in the next edition: