21/10/2026
There is no denying that AI is a helpful tool for small business owners - it is useful for research, brainstorming, admin and improving efficiency.
The risk comes when an AI response is treated as professional advice. The responses often sound confident while being incomplete, inaccurate or based on outdated information.
The SBDC’s article on the topic helps you understand the risks with real examples of WA business owners who relied on AI advice for leases and legal matters, with costly consequences.
The key takeaway? Use AI to support your thinking, then speak with the right professional when decisions involve your finances, tax, contracts or legal obligations.
👉🏼 Read the SBDC article here:
https://www.smallbusiness.wa.gov.au/blog/risks-ai-advice-small-business-owners
If you need personalised accounting or tax guidance for your business, get in touch with the Simple Solutions team.
📞 08 9474 4505
🌐 simplesolutionsaccounting.com.au