Big news: Intuit (the company behind QuickBooks, TurboTax, and Mailchimp) has partnered with OpenAI to deeply integrate AI into their product ecosystem. This means apps like QuickBooks will soon be able to connect directly to ChatGPT. So, what does that mean for us in the accounting space? 🧠 AI-powered workflows are about to get much more practical inside tools we already use 💬 Client conversations, forecasting, and compliance could soon include real-time GPT guidance 💻 ChatGPT connectors to QuickBooks may reshape how we do reconciliations, reports, and insights 💡 Opportunity for firms who understand AI first—before clients do it themselves And one big thought: If this becomes mainstream, how will your firm differentiate itself? I’d love to know… 👉 Are you using any GPT integrations or AI tools inside accounting platforms yet? 👉 How do you see this shift impacting your work? Drop your thoughts in the comments 👇 (And if you want to read more, here’s the original article: TechCrunch link)

If you’ve ever wished ChatGPT could dig through your company docs, your wish just came true. 💥 With the new Deep Research feature, you can now connect SharePoint and Microsoft OneDrive to ChatGPT. That means you can ask questions like: “Summarize the last board report”“What’s our Q1 revenue target from the Ops folder?”“Compare last year’s and this year’s budgets” …and ChatGPT will search your files directly (without uploading or copying text manually). 🧠⚡ ✅ Available to ChatGPT Team and Enterprise users🔒 Access stays secure—it uses Microsoft’s identity system💼 Works with Microsoft 365 Business and Education accounts This is game-changing for anyone who works with lots of internal documents! 📌 If you're using Microsoft 365, will you be trying this? 👇 Let us know how you'd use Deep Research in your workflow! See the full article here “Connecting SharePoint and Microsoft OneDrive to ChatGPT (Deep Research)”

From 2 August 2025, new rules under the EU AI Act will directly affect how accountants use tools like ChatGPT, Claude, and Gemini—especially if you operate in the EU or serve EU-based clients. Here’s what small firm owners need to know (wherever you’re based): ✅ What You Need to Do 1. Be Transparent with Clients If you use AI to generate insights, draft reports, or summarise accounts, you must let clients know—either in the final deliverable or engagement letter. 2. Avoid Prohibited Uses The following are banned, even for internal use: - Emotional profiling - Behavioural manipulation - Biometric surveillance (e.g. emotion detection or facial recognition) 3. Complete a Risk Assessment Each use of AI needs to be classified: - Minimal risk (e.g. summarising public info): little action needed - Limited risk (e.g. AI-assisted report drafting): requires documentation and transparency - High risk (e.g. credit scoring, fraud detection): needs human oversight and strict controls Most AI use in small firms will fall into the limited risk category. 4. Apply the Same Logic as GDPR Treat AI tools like you treat personal data: - Record what you use, when, and why - Note who reviews AI outputs - Add disclaimers or checks where needed 5. Choose Compliant Tools Use AI platforms that: - Offer enterprise-grade security - Allow opt-outs from training - Ideally use EU-based data processing Good options: ChatGPT Team or Enterprise, Claude via Amazon Bedrock, or a local model via Ollama. 🌍 Regional Differences EU Firms: Full compliance required. Treat it like GDPR—document, assess, disclose. UK Firms : If you serve EU clients, the Act applies. If not, you’re exempt—but similar UK guidelines may still apply. Canada / US: You’re only affected if you serve EU clients or use EU-based tools—but similar laws are coming. 🧭 Practical Example A firm in Ireland must fully comply. A firm in the UK must comply only if it serves EU clients. A firm in Canada is exempt—unless it processes EU data or uses EU tools.

Big AI news today — GPT-5 has officially launched, and it’s a major change for ChatGPT users. Here’s what you need to know: 📅 When & Who Gets It - Rolling out starting today to Team and Pro accounts. - Plus accounts: expected next in the rollout window (OpenAI says “coming weeks”). - Enterprise/Edu: staged rollout to follow. - Free tier: not today—will arrive later in the broader rollout once the switch to the new default completes. - Free for everyone — from the free tier all the way up to the $200 Pro plan - GPT-5 is now the only model in ChatGPT — no more model picker or “thinking model” options 🆕 Key Changes - All tools rolled into one model — browsing, custom instructions, Canvas, code interpreter, etc. - Automatically decides when to “think” longer or just give a quick answer - Claimed fewer hallucinations and less deceptive answers - More emotionally resonant responses (think higher EQ, better tone) - Deep thinking mode only for the $200 Pro plan - New integrations coming soon: Gmail and Calendar connectors (Plus & Pro plans only) - Voice mode for custom GPTs 💡 Why It Matters For free users, this is a huge leap — you now get the flagship model with all the tools in one place. For power users, it’s an incremental but welcome upgrade: cleaner workflow, stronger base model, and no more juggling different model types. Have you tried GPT-5 yet? What’s the first thing you want to test it on?

https://www.accountingweb.co.uk/tech/tech-pulse/what-the-eu-ai-act-means-for-accountancy-firms?cm-uuid=f85d5b07-cfb3-4aab-98f4-7dcc9e69e54f&utm_medium=email&utm_campaign=AWUKITP240725&utm_content=AWUKITP240725+CID_a52117e47e2f4a346bafd06147cf4246&utm_source=internal_cm&utm_term=Read%20more