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AI and accountancy
My Tax Mate Ltd uses AI. AI can assist with routine tasks, problem solving and researching topics to assist with solving problems. It can also assist with tax planning. However "garbage in and garbage out" applies - you need to phrase your questions precisely. Publicly available platforms like ChatGPT can help a lot; however recently a few tax consultancy companies have developed their own AI platforms which are more accurate and can refer you to the legislation. AI can help
Naresh Sethi
5 days ago1 min read
Letter To Bank Of England About Interest Rates
To: The Monetary Policy Committee Bank of England Threadneedle Street, London EC2R 8AH THE PITFALLS OF HIGHER INTERST RATES: Higher...
Naresh Sethi
Sep 3, 20242 min read
Tax matters January 2023
Taxation can be complex and ever changing. 1) There is an alternative tax break for home working - one can charge rent to the Employer...
Naresh Sethi
Jan 9, 20231 min read
It Does Not Pay To Retire If In Business
It is not financially wise to retire - or rather you can save a lot of inheritance tax if you do not retire. In a drive to encourage...
Naresh Sethi
Oct 30, 20221 min read
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