DIY Use Case #1: Research Large Online Documents (OBBB)
In today’s fast-moving business environment, having accurate information at your fingertips is everything—especially when it comes to long, complex legislation that can directly impact your company. But who has time to comb through hundreds of pages of legal and financial language?
Enter AI.
Let’s walk through a real-world example of how AI—specifically GPT-5 and tools like Chat GPT—can help you quickly extract insights from sprawling documents like the “One Big Beautiful Bill.”
Step 1: Ask a Simple Question
We started by asking Chat GPT a broad question:
“How does the One Big Beautiful Bill affect businesses in the U.S.?”
Within seconds, the AI scanned the web and surfaced key themes:
- Qualified production property
- R&D expense treatment
- Section 179 expansion
- QBI introduction
- Accelerated Recovery Credit (ARC)
Not bad for a few seconds of work. But this summary was still a bit vague—good bones, but needed more context. So we dug deeper.
Step 2: Narrow the Scope
To get something more actionable, we asked:
“How does the One Big Beautiful Bill affect software companies?”
Then, we added two magic words: “Think hard.”
This triggered the AI to switch into a more advanced reasoning mode. It took longer—but the result was worth it.
Now we learned that:
- Domestic R&D expenses can now be immediately deductible (whereas previously, you had to amortize over five years).
- There are specific provisions software companies should be aware of when it comes to segment location and reporting obligations.
- The response also included linked references and articles for further reading.
This wasn’t just a summary. It was insight.
Step 3: Ask Hypothetical, Real-Life Questions
Now that we had relevant context, we wanted to explore a hypothetical business scenario:
“Let’s say I spent $500K per year on R&D since 2020, but I didn’t capitalize it. What can I do now?”
Boom—Chat GPT came back with specific, actionable guidance:
- Correct past returns
- File for credits going forward
- Links and references were included for further help.
This is where the magic of AI really shines: It bridges the gap between legislation and business decision-making—without needing a legal team to decode every clause.
Step 4: Make It Actionable
Still feeling unsure? No problem. Just ask the AI to help you communicate the next step.
“Please prepare a letter to send to my CPA, with references and links.”
In seconds, Chat GPT produced a ready-to-send draft that could be copied into an email and sent off to your accountant.
The Big Idea
You don’t need to be a lawyer or a tax expert to understand how government legislation affects your business.
With AI, you can:
- Explore massive documents in seconds
- Tailor insights to your specific industry
- Run hypotheticals to evaluate real-world impact
- Take immediate action—without delays
Why This Matters for Business Leaders
Especially in industries like insurance, technology, or finance, where legislative changes can dramatically shift operations, AI becomes more than a research tool—it becomes a strategic asset.
Whether you’re assessing tax implications, new compliance obligations, or how to claim credits retroactively, AI empowers your team to move faster, smarter, and with more confidence.
Final Thought
The next time you hear about a new bill in Congress, don’t panic—and definitely don’t print the whole thing.
Just ask AI.