Should I just use AI to do my own tax?

AI can answer almost any tax question you throw at it, so it's tempting to think you can skip the accountant and do it yourself. As a firm that uses AI every day, here's the honest take on where that's smart and where it bites.

Where AI genuinely helps

If you want to understand a concept, what is GST, what's the difference between a contractor and an employee, AI is a great, fast explainer. Use it. Understanding your own numbers better is exactly what we want for our clients anyway.

Where it gets risky

AI doesn't know your specific situation, and tax is all about the specifics. It doesn't know your structure, your history, what you've already claimed, or the rules that changed last month. It can give you a confident answer that's generally true but wrong for you, and in tax, wrong-for-you can mean an ATO problem or a deduction you missed worth far more than an accountant's fee. It also can't take responsibility. If it gets your return wrong, you wear it. If we get it wrong, we wear it. That accountability is part of what you're actually paying for.

The bit AI can't do at all

The real value in a good accountant was never just filling in the form. It's the planning before year end, the you should do this before June 30, the structure advice, the person who looks at your whole picture and tells you what to actually do. AI can inform that conversation. It can't have it for you.

The smart way to use it

Use AI to learn and to ask better questions. Then bring those questions to someone who knows your business and can take responsibility for the answer. That combination, an informed owner and a proper accountant, beats either one alone.

That's actually how we like to work. We're happy for you to understand your numbers as well as we do. It makes you a better business owner, and it makes our advice land harder.

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Can AI replace my accountant or bookkeeper?