Recent content by Square_Pencil

  1. Square_Pencil

    VAT reverse charge mechanism - on generic digital services?

    Hello, We are a small tech start up registered in the UK (also VAT registered). Do I need to claim/report VAT on digital services from outside the UK (google workspace, Wix etc)? The invoice says '* Invoice subject to the reverse charge mechanism - VAT to be accounted for by the recipient'...
  2. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    Yeah, I guess that depends on your friends :) Anyway, I personally quite familiar with the state of AI so don't' see any technical issues with the questions posed. Interesting feedback gathered, thank you. PS Personally I wouldn't trust an AI lawyer, because texts are complicated and accuracy...
  3. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    Yes, and also you'd connect your bank account to the software much like you would today with Quick books. You would scan or photograph them with your phone (again, what would a human accountant do?) Probably not, but it can prepare them for you to log in and upload, how many times a year do...
  4. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    And do you know enough to check that a human accountant didn't make a mistake?
  5. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    Thank you, actually this is exactly the point, hypothetically, we think AI can make a lot more sense from some random crumpled receipt in Dutch (for exmaple) than a human accountant. That's part of the appeal, what's called unstructured data, vs an organised Excel file. Also someone asked, yes...
  6. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    And human accountants don't make mistakes? We run a relatively simple business with not many transactions, just a couple of excel sheets to reconcile/submit to VAT - and recently I started looking in detail on QuickBooks and EVERY year there are mistakes, I don't understand how someone can add...
  7. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    Sorry the AI can absolutely do that (Reconcile accounts, invoices etc), not sure about the dog part :)
  8. Square_Pencil

    Would you use an AI instead of your human accountant and current software?

    Hey there, Just a hypothetical question, following a lively discussion at the pub. If there was an AI service that would replace your accountant/book keeper AND accounting software and did it at about 1/10 of the cost, designed especially for small business/sole traders etc. Would you use it...
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