Alternative to TaxGPT for Australian Accountants: SavvyWise

Accountants are using AI to complete tax research. Some are using custom GPTs, and others are using specialised tax research AIs such as TaxGPT and SavvyWise.

Custom GPTs for Tax Research

Accountants have been experimenting with user-built GPTs. This is where the accountant sets up their own customised instructions for repeat AI-assisted tax research and at the same time gives the AI access to their curated tax knowledge to help answer questions.

While this approach can be useful, it also has considerable limitations.

1. Firstly, the accountant needs to be technologically proficient to set up their customised tax GPT.
2. Secondly, the AI only has access to the information the accountant can provide, which is typically far less than what is required to master tax research.
3. Thirdly, new legislation, interpretations, rulings and court cases are a constant in tax compliance, which creates considerable maintenance challenges.

What About TaxGPT?

USA-based accountants have access to a specialised tax research AI called TaxGPT.

It's promoted as an "AI tax co-pilot for research, writing and document analysis".

For Australian accountants, TaxGPT generally won't satisfy their requirements since they need the AI to utilise Australian-specific tax knowledge.

SavvyWise: AI-Assisted Tax Research for Australian Accountants

No longer do CPAs and Chartered Accountants need to customise their own AI for tax research or wish for an Australian version of TaxGPT.

Accountants can now utilise the powerful SavvyWise platform, an AI specifically built and maintained for Australian accountants.

SavvyWise vs TaxGPT

This comparison is based on information reasonably available at the time of preparation and is provided for general informational purposes only.

For Australian accountants ready to harness AI for tax research, get started with SavvyWise today.

Available for FREE during Beta.