TTPP90: Improve Your Tax Research and Save Hours of Time with AI with Nick Stobbs from Tax on Demand
12/18/23 • 49 min
Show notes: thetaxprofessionalspodcast.com/TTPP90
Tax Research Masterclass (link to business case in the full details)
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
Rough timings
- About Nick and his involvement in the tax world
- (9:15) Information about Co-pilot – the ChatGBT equivalent but for HMRC manuals – including what it is and how it works
- (12:15) What is a ‘large language model’ and what is ‘RAG’ (retrieval augmented generation)?
- (19:00) How does Co-pilot benefit tax advisors?
- (23:00) Is AI good enough to find the answer to complex tax queries?
- (25:00) A bit about use cases of Co-pilot and tech in tax
- (29:15) Could AI dilute tax specialisms or reduce the amount of jobs?
- (38:00) How Co-pilot is different to the online digital resources like Croner’s Navigate
Resources
Tax Research Masterclass (link to business case in the full details)
Show notes: thetaxprofessionalspodcast.com/TTPP90
Tax Research Masterclass (link to business case in the full details)
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
Rough timings
- About Nick and his involvement in the tax world
- (9:15) Information about Co-pilot – the ChatGBT equivalent but for HMRC manuals – including what it is and how it works
- (12:15) What is a ‘large language model’ and what is ‘RAG’ (retrieval augmented generation)?
- (19:00) How does Co-pilot benefit tax advisors?
- (23:00) Is AI good enough to find the answer to complex tax queries?
- (25:00) A bit about use cases of Co-pilot and tech in tax
- (29:15) Could AI dilute tax specialisms or reduce the amount of jobs?
- (38:00) How Co-pilot is different to the online digital resources like Croner’s Navigate
Resources
Tax Research Masterclass (link to business case in the full details)
Previous Episode
TTPP89: What are the Best Tax Resources for Research That Aren't Free?
Show notes: thetaxprofessionalspodcast.com/TTPP89
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
Rough timings
- Croner-I Navigate Tax (digital resource), including details about the available resources and a bit about how I use it to do tax research
- (12:15) Tolley Library and Guidance (digital resource), including details about the available resources and how you can use it
- (17:30) Westlaw (for case law), including the feature that has saved me hours of time
- (21:15) Tolley’s Tax books
- (23:30) Claritax books
- (25:00) Bloomsbury books, including a bit about how to find what you need from a book
- (28:15) Summary
Resources
Tax Research Masterclass (link to business case in the full details)
Croner-I Navigate 7-Day Free Trial
Message me to get the 7-day free trial:
- LinkedIn: https://www.linkedin.com/in/jackbonehill94/
- Email: [email protected]
Link to Croner-I Navigate: https://library.croneri.co.uk/
Link to gain free access to Croner-I Navigate Lite: https://documents.thetaxprofessionalspodcast.com/croner-i
Other tax-research episodes:
- TTPP80: Best Free Resources to Find Tax Answers and Use When Undertaking Tax Research
- TTPP60: Improving Your Tax Research Skills – Stories and Tips of 3 Tax Professionals
- TTPP55: How to Research a Tax Technical Query
- TTPP42: Master Using HMRC Manuals for Tax Research
- TTPP37: Master Using Tax Legislation (and the Benefits this Brings)
- TTPP 1: How to Undertake Effective Tax Research
Next Episode
TTPP91: Is Billing by Time Spent Worse Than Pricing by Value for Tax Services? with Reza Hooda
Show notes: thetaxprofessionalspodcast.com/TTPP91
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
You’ll Learn
- A bit about Reza and his fist business idea
- (15:30) What are the four pillars of running a successful accountancy and/or tax firm?
- (19:15) The ‘pricing’ pillar – how to price based on value and not time spent, increasing profitability with less effort
- (42:00) Giving different pricing options with tax/accountancy work
- (57:00) A bit about the ‘positioning’ pillar
Resources
Free book link (The Four Pillars): Https://go.rezahooda.com/order-348362211681564311623
Podcast (The Profitable Accountant Podcast): https://www.rezahooda.com/podcasts/the-profitable-accountant-podcast
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