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AI tools for tax research: the role they can play, how to use them well, and the safeguards to avoid getting things wrong and manage risk – this is what’s covered by this episode. AI can help save time, make our lives easier, and make tasks less frustrating as part of the research process. We are joined by Tony Court, who has worked in tax for over 40 years, and who has been testing and helping refine a tax-research AI tool. From his experience, he has learn a few tricks along the way about how to use them better. He shares them in this episode.

Show notes: thetaxprofessionalspodcast.com/TTPP120

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

Masterclasses for tax professionals: https://www.thetaxprofessionalspodcast.com/masterclasses/

Timings

• Intro to Tony and his tax career
• (8:15) How Tony has been involved in the creation of an AI tool for tax research
• (19:00) The role of AI in tax research and advice for using it well
• (29:15) Precautions and safeguards for using AI in tax research
• (41:00) Can you use general AI tools like Chat GPT in tax research?
• (45:30) Tony’s recommendation on the back of this episode

Resources

Info on training courses for tax professionals/teams, on tax skills and other skills valuable for working in tax

GeniA-L Tax Research Tool – Details and Demo

Masterclasses for tax professionals: https://www.thetaxprofessionalspodcast.com/masterclasses/

Recommended podcast episodes:

• TTPP119: From In-House Tax Apprentice to Manager: How To Succeed with an Unconventional Tax Career with Chloe Radcliffe-Scott
• TTPP118: How She Reinvented Herself, Her Tax Career and Created Amazing Team Culture with Sehjal Gupta [Tax Career Success Secrets Series]
• TTPP113: Exceptional Tax Technical Skills: Key Benefits and Why You Should Develop Yours

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Chloe Radcliffe-Scott has made a success of her squiggly tax career to date, despite living with a long-term health condition, Crohn’s. She started off as an in-house tax apprentice, before moving to accountancy practices, back to in-house and then also swapping specialism from corporation tax to employment taxes! You don’t need a traditional, linear path to have success, and Chloe shares her story which proves that along with her associated career advice.

Show notes: thetaxprofessionalspodcast.com/TTPP119

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

• Overview of Chloe and her career
• (6:00) Being first in-house tax apprentice in the North
• (7:45) Did Chloe know she wanted to work in tax? Did she know the difference between in-house and in-practice?
• (11:15) What happened when Chloe decided to move from her in-house tax role, when she had only worked in-house but wanted a practice role
• (14:30) How Chloe quickly progressed from tax apprentice to group tax accountant in 4 years
• (21:15) Setting out clear expectations for promotion
• (24:00) The difficulities Chloe had when moving from her in house role at Drax to EY. Her experience and how she solved the problem
• (29:45) Why Chloe decided to move to an accountancy firm instead of another in-house role
• (35:00) What she didn't like about her tax roles in accountancy firm
• (39:00) Trying out a tax advisory role in an accounting firm and what she didn't like about accounting firm roles and why she preferred in house
• (46:30) KPIs driving bad behaviour
• (48:00) You might be suited to some tax roles but not others
• (50:00) Does Chloe regret trying out accountancy firm tax roles?
• (51:15) Why Chloe decided to change tax specialism
• (55:00) How did Chloe convince Balfour Beatty to employ her as an in-house Employment Tax Manager when by trade she was a Corporation Tax specialist?
• (57:15) The Secret to Chloe's Tax Career Success Despite it Being Squiggly and her advice for anyone considering a non conventional/linear tax career

Resources

Masterclasses designed for tax professionals to help you master vital career skills:

• Tax Research Masterclass – teaching you how to find the answer to even the most complex tax queries, with the least pain possible.
• Tax Advice Masterclass – teaching you how to provide high-quality tax advice that your clients appreciate and value.

Take a look and enrol, here. Or email me jack@thetaxprofessionalspodcast.com and we can have a chat.

Register for a free 1-month trial for Croner-I’s tax guidance/resources

Book a call with ProTax Recruitment to talk about anything related to your tax career: http://thetaxprofessionalspodcast.com/bookprotax

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This episode is mainly a slice of my story – from childhood, to tax, to side hustle – and I thought you might find this insight interesting, learn a few tips along the way, particularly around winning tax work, business development (BD) and hear what I’ve learnt from the podcast that has helped me with my tax career and may help you with yours too. The episode is from me being interviewed by Craig McKeller, for The Professional Speaks podcast, and he kindly agreed for me to share it on my podcast, too!

Show notes: thetaxprofessionalspodcast.com/TTPP117

Masterclasses for tax professionals: thetaxprofessionalspodcast.com/masterclasses

Subscribe: thetaxprofessionalspodcast.com/subscribe

Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse

You’ll Learn

• A bit about me (Jack) and my background
• (11:45) How did I get into the tax world?
• (15:30) My approach to winning tax work
• (22:30) How did I monetise the podcast?
• (28:45 & 41:00) What I’ve learnt from running a podcast and a training business that’s helped me as a tax director
• (34:00) A bit about me winning Tolley’s Taxation’s Rising Star
• (36:45) My goals for the next 12 months

Resources

Masterclasses designed for tax professionals to help you master vital career skills:

• Tax Research Masterclass – teaching you how to find the answer to even the most complex tax queries, with the least pain possible.
• Tax Advice Masterclass – teaching you how to provide high-quality tax advice that your clients appreciate and value.

Take a look and enrol, here.

Register for a free 1-month trial for Croner-I’s tax guidance/resources