Generative artificial intelligence such as ChatGPT will have significant implications for accountants but AI tools need training to be a true expert in tax and accounting, argues Russell Gammon, chief solutions officer, Tax Systems
The complexity of pricing models for software for Making Tax Digital reporting is a headache for businesses, while many rely on their accountants for advice on purchasing decisions
HMRC has issued new guidance to businesses that may have overpaid VAT on declarations made at the end of last year due to a technical issue with the Customs Declaration Service (CDS)
Thousands of taxpayers have been left waiting as HMRC phone delays continue, despite many rushing to submit their tax returns ahead of 31 January deadline
HMRC has confirmed that it is conducting a four-day IT maintenance programme which will mean that the Making Tax Digital for VAT services will not be available
HMRC is trialling new functionality providing granular permissions for agent services accounts (ASA) to allow accountancy firms to control which staff have access to client tax accounts
Moving traditional tax software to the cloud improves productivity but forward planning and data control is critical, explains Russell Gammon, chief solutions officer at Tax Systems