There are business owners who like to conduct their own tax research before checking with their accountant for final advice.
There are also business owners who want a greater understanding of their tax obligations.
Many business owners also want reassurance that they are using the best strategies to minimise their taxes.
SavvyWise is a fantastic tax solution for these types of business owners.
It’s an Australian-made AI platform that assists with tax research and more.
It includes collaboration features that enhance the business owner and accountant relationship. Business owners can confidently conduct their own research and then request advice from their accountant.
Prior to SavvyWise, business owners would either contact their accountant for tax advice or conduct their own tax research first.
After receiving advice from their accountant, some owners wanted to know more and would search for further information to broaden their understanding.
They commonly researched by using:
When ChatGPT arrived, there was a new way to conduct tax research.
Business owners could ask AI, which would search the Internet and provide an answer.
However, many business owners weren’t sure if the information was correct and some would send it to their accountant for review. This often meant accountants had to spend considerable time explaining to their clients why AI was wrong, wasting time and adding costs for owners.
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Accountants can invite business owners to use SavvyWise. This provides owners with a specialist AI tailored to the Australian tax system.
The benefits for business owners is that they are more likely to access correct tax information when conducting their own research.
Accountants gain confidence from this process by knowing their clients are more likely to find accurate information. They are less likely to waste time correcting wrong information when their clients seek their advice.
This is a net benefit for both parties, since it saves time, helps ensure correct advice and keeps compliance costs affordable while preserving the trusted advisor relationship that business owners have with their accountant.
Business owners also benefit in other ways.
They can use SavvyWise as their AI-of-choice for help with writing, generating ideas and more.
This makes SavvyWise a compelling ChatGPT alternative for small businesses across Australia.
If you’re a business owner interested in using SavvyWise, you can gain access through your accountant or contact us directly.