Get the most out of AI in accounting

Email a Friend Man versus machine: it doesn’t have to be an either/or choice, according to Richard Seabrook, managing director Europe at Neota Logic. Here’s how businesses can take advantage of artificial intelligence to shortcut taxation audits Artificial intelligence will revolutionise the way in which tax calculations and reporting are carried out. Richard Seabrook Date: 13 April 2016 In Autumn 2015, the UK Government announced its HMRC third party tax software and Application Programming Interface (API) strategy. This initiative allows companies to access tax rules through software. According to HMRC, “Through better APIs, third party software will be able to use the same rules and logic that HMRC services use and can be pre-populated with data. This will make tax easier for customers and help more of them get it right first time.” This is a…

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