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Resources

Artificial Intelligence and Machine Learning – in your business.

Artificial Intelligence (AI) is being likened to a “Fourth Industrial Revolution” because of its potential for creating profound change in people’s lives, much as the invention of steam engines (First Industrial Revolution), electricity and mass production (Second Industrial Revolution), and the rise of the digital age (Third Industrial Revolution) did in the past.

Not all things we accept are AI really are – some are simply software with an algorithm that responds based on predefined input or user behaviour, albeit with extensive behavioural algorithms that make them more useful. A true AI system can learn on its own – typically improving on past iterations, becoming more aware and smarter.

AI and machine learning applications are everywhere and we use them all the time as individuals without always recognising them. Reflecting on how we are current use AI is a good starting point for thinking about whether and how it might be appropriate to use it in our businesses.

How we use AI

1. At home

2. Cameras

3. Email Communications

4. Social Media

5. Web searches

6. Online shopping and self service shops

7. Banking

8. Travel

9. Translation Services

10. Medical diagnosis

Use of AI in business

AI Trivia

Current Issues

Tax update for landlords

In this article for Chestertons, Shipleys Tax Principal Mike Luckett gives a round-up of the latest tax changes which landlords should be alert to.

VAT News – Spring 2022

Our roundup of the latest VAT news includes early termination fees and compensation payments, end-customer claim refunds of wrongly charged VAT, plus revised guidance on VAT grouping registration

Businesses set to pay money laundering levy

Some regulated businesses now face paying an annual charge as part of the Government’s drive to combat international financial crime through newly introduced anti-money laundering levy regulations.