How generative AI is transforming tax practice
A May 2024 survey by Tolley found that two-thirds of UK tax practitioners are regularly using generative AI or are planning to do so soon.
A May 2024 survey by Tolley found that two-thirds of UK tax practitioners are regularly using generative AI or are planning to do so soon.
In the June 2024 edition of Tax Adviser, I considered the options for those who will lose the income tax and capital gains tax trust protections from April 2025.
Just a few days after this article appears, a new government will be formed to lead the country for the next five years.
All professionals want happy clients who pay their fees on time, refer more work to them, and go on to refer them to other potential clients. Fee disputes cause significant problems, however.
Over the last few months, I’ve had the pleasure of presenting a series of online sessions to students and members of the ATT and CIOT entitled ‘The thriving tax professional’.
The topic of inheritance tax is often clouded in ambiguity and apprehension.
As all members of CIOT and ATT will be aware, the duty to manage their professional risk is an increasing obligation.
The progress of artificial intelligence (AI) is well documented, and the impact on tax professionals will continue to evolve.
This article outlines the range of tax powers devolved to Scotland, the 2024/25 Scottish Budget proposals, the wider funding package of which Scottish taxation is a part, progress (or otherwise