Category: Practical Post
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AI-Driven Innovations for Tax Compliance: Being Smart With Data
In-house tax professional are constantly dealing with large datasets, legislation, and the need to ensure accuracy under tight deadlines. Artificial intelligence (AI) can assist by automating calculations to standardise processes and streamline calculation. Below are three ways AI can enhance tax compliance workflows by: streamlining tax calculations by automating large-scale data analysis; generating sophisticated templates… Read more
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Prompting Techniques for Tax Advisory: Unlock simple smarter techniques
Highlights Artificial intelligence (AI) is transforming how professionals tackle complex tax problems, from compliance management to strategic planning. In particular, Large Language Models (LLMs) such as GPT-4 have started to show remarkable capabilities in researching legislation, drafting advisory memos, and even detecting potential compliance issues. However, the quality of AI-generated outputs largely depends on how… Read more
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Generative AI for in-house tax: How to build an efficient framework with AI
Post Highlights Why AI for In-House Tax Teams? In-house tax professionals juggle multiple responsibilities that expand outside of standard tax and is closer to corporate advisory with a tax lens. Generative AI (GenAI) and advanced Large Language Models (LLMs) can reduce time spent on repetitive tasks, minimise errors, and free up internal tax team resources… Read more
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Generative AI for Tax Lawyers: A Practical Start
Post Highlights Introduction Below is a short, practical guide for anyone looking to leverage Generative AI (GenAI) for Tax purposes. This guide briefly introduces the concept of Large Language Models (LLMs), retrieval-augmented generation (RAG), and AI agents which are key concepts at the time of this post. TO give further context the guide makes references… Read more