Intuit (NASDAQ: INTU) today unveiled a series of new features for QuickBooks aimed at helping small businesses that work with freelancers and independent contractors. And it can potentially make life easier for those contractors as well.New QuickBooks 1099 Features
The features, which are automatically available with every version of QuickBooks, including QuickBooks online, let businesses send employment and tax forms to contractors within the QuickBooks software, so they can collect the relevant information without having to print and scan actual paper forms. And it lets contractors more seamlessly and securely share their information as well.
Small businesses are becoming increasingly reliant upon contract workers, with Intuit estimating that 43 percent of the U.S. workforce will be made up of contractors by 2020.
If you’ve heard about artificial intelligence (AI) at all, you’ve likely come across another heavily used term, machine learning. What’s the difference between the two?Artificial intelligence is a term that denotes a machine that can make decisions on its own, while Machine learning is a term that denotes a machine that can correlate, analyze, and learn things from your data.
It all boils down to this: true AI, a machine that thinks like a human, does not exist today. Instead, machine learning is the version of AI we’ve got and, while more limited than true AI, it opens up a whole range of possibilities to your small business.Ways Cloud Based Machine Learning Can Boost Small Business Productivity
Since machine learning is fed with data, it knows a lot of things about your company, your products and services, and your customers. Armed with that knowledge, a cloud-based machine learning solution can boost your productivity by:Identifying trends and providing insights into your business’ processes, finances, offerings and customers; and Automating some parts of your