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Technology: Spring Budget 2024 Predictions & Wishlist

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax rates With income tax thresholds still frozen there have been rumours of a 2% cut to the income tax rate, however the Chancellor has downplayed these rumours so we are not expecting to see any dramatic changes to income tax this time around.

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Ethical Concerns in Using Tax Planning Software

CTP

And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030. While it is possible to follow a “boilerplate” tax plan, it would be difficult at best to defend your tax positions if and when the IRS audits.