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AI is already transforming the legal sector, but challenges remain

Workplace Insight

As AI technologies continue to gain traction, just about every sector you can think of is going to face huge changes in the coming years – and that’s especially the case in the legal industry. While the integration of AI is still in its early stages, there has been a mixed approach across the legal industry.

Legal 52
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. LLC: An LLC, or Limited Liability Company , is an appealing legal business structure for freelancers.

Legal 264
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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

Allwork.Space: What are the hidden costs of turnover that companies are risking by excluding workers over 50? . Patti Temple Rocks: There a re many costs of turnover, but only some of them can be measured with a dollar sign. The average cost of a discrimination claim is $125,000 if the employee and company choose to settle.

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Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

Allwork.Space may earn a small commission when you make a purchase through an affiliate link in our stories, at no additional cost to you. Learn more here. This helps support our journalism. Having a good payroll service can make or break a company. If you don’t pay your employees, they leave.

Payroll 246
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AI Probably Won’t Take Your Job In 2024

Allwork

While scaling the number of robo assistants that an organization has doesn’t necessarily cost anything, experts believe that it does raise issues that organizations must address — such as ethics and guardrails. Productivity” was cited as the top priority by 75% of legal and 59% of tax and accounting professionals working at firms.

2024 286
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How to Reduce Financial Risk in Home Business Ventures

Tips From T. Marie

Penny-Pinch Like a Pro Let’s talk about one of the biggest worries on every budding entrepreneur’s mind: startup costs. Utilize the resources you already own and watch those costs dwindle. Opt for cost-effective marketing strategies like social media, content creation, and networking. Got a laptop? A smartphone?

Sprint 191
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3 Smart Money Moves to Make Before Starting a Business

Success

Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford. And of course, network with other business owners to learn from them and the financial obstacles they’ve had to overcome.

Finance 345