5 Things Tax Needs to Know About GenAI

Webinar hosted by Loctax in collaboration with EY. This session delves into the world of GenAI and its implications for the tax function. We'll explore what you need to keep in mind now and how to prepare for the future.

00:00:00 Intro
00:03:03 What is GenAI?
00:06:00 What tax related tasks is Gen AI specifically good at?
00:11:07 What are the most important technological limitations for GenAI?
00:15:07 Will GenAI take over tax advisory and compliance work?
00:21:17 GenAI impact on learning & development of junior colleagues
00:26:40 What are the risks associated with using GenAI for tax-related tasks?
00:30:45 What can you do as a tax professional to prepare for the GenAI revolution?
00:40:32 What is the biggest misconception about GenAI?

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