Data Guidance Group, Inc.

12/24/2024

Happy Holidays! - BOI Breaking News - Bob Palmer, CPA -

The Fifth Circuit Court has reversed the Texas district federal court ruling that blocked BOI reporting. Companies formed before 2024 will need to report now by (extended deadline) January 13, 2025. The revised article below provides more details.

12/10/2024

Tax Saving Tips and Small Business News - Bob Palmer, CPA -

A recent court ruling has paused the enforcement of a federal rule requiring businesses to report their beneficial ownership information (BOI). The Corporate Transparency Act (CTA), which was set to take effect January 1, 2025, is now on hold due to a preliminary injunction issued by a Texas court.

10/28/2024

Just got the email below. Gotta admire the stupidity. Wonder if he used AI.

08/08/2023

Most ERP systems will soon--if they haven't already--begin to integrate AI. Business Central began to introduce it several versions ago; releases this fall will integrate AI into the bank reconciliation process of matching documents. Here are some other places in Business Central you can find AI or implement integration: Streamline Cash Flow Forecasts with Azure AI Cash flow forecasting can be enhanced in Business Central with AI-enhanced precision. ...

Most ERP systems will soon–if they haven’t already–begin to integrate AI. Business Central began to introduce it several versions ago; releases this fall will integrate AI into th…

07/31/2023

A flurry of news is popping up about AI (Artificial Intelligence)! One of the tools getting a good bit of attention is GitHub Copilot. It is an AI tool that--among other things--can help programmers write code. Before going any further, I know that most readers of this blog aren't programmers. That's fine. We're looking at this specific technical too because it provides an example that we can use to make a key observation about AI....

A flurry of news is popping up about AI (Artificial Intelligence)! One of the tools getting a good bit of attention is GitHub Copilot. It is an AI tool that–among other things–can help …

07/21/2023

If you're a technolgy user, you might have noticed that everything is AI. I got an email from Microsoft today that shows the new name of one of their partner programs: Microsoft AI Cloud... The financial press is calling this the "shot in the arm" the IT industry needed. Some analysts are crediting AI for averting a recession. But what's real and what isn't?...

06/12/2023

AI? Here’s an example of a popular LLM (like ChatGPT) arguing that the earth is flat and 5 x 6 does not equal 30. I may be a curmudgeon, but I repeat: Very Artificial and not very Intelligent!

They will improve, though.

Large language models (LLMs) are eerily human-like: in casual conversations, they mimic humans with near-perfect fidelity. Their language capabilities hold promise for some fields — and spell trouble for others. But above all, the models’ apparent intellect makes us ponder the fate of humanity. ...

05/31/2023

One of the more interesting articles I have read about AI. It turns out to be a lot like a toddler: it makes stuff up. There is serious risk in taking AI output as factual without some means of verification.

AI chatbots are everywhere, but they still routinely make up false information and pass it off as real.

11/08/2022

By now, you've seen the new version of Business Central, 2022 Fall Wave. One of the changes almost everyone in finance will notice is the replacement of Account Schedules, Business Central's legacy term for financial statments with Financial Statements. The new list screen looks like the one below. An account schedule was actually a definition of the Rows (Row Definition) above....

By now, you’ve seen the new version of Business Central, 2022 Fall Wave. One of the changes almost everyone in finance will notice is the replacement of Account Schedules, Business Central& #8…

08/24/2022

Collections is challenging, particularly in the midst of a business downturn. When interest rates rise, some businesses turn to an alternative lending source: their vendors. Stretching payments from 10 days to 45 days provides additional cashflow and reduces the need to borrow. Since most vendors (in our experience) don't enforce interest charges against customers, other methods of payment reduce collections time....

Collections is challenging, particularly in the midst of a business downturn. When interest rates rise, some businesses turn to an alternative lending source: their vendors. Stretching payments fro…