EY’s Post

I know it is Friday when EY LinkedIn News comes on. AI and Chat GPT are always in the news. We will all need to be on board with all this news because it affects everyone. As I have stated numerous times the newspapers and news need to teach us how to use AI and Chat GPT otherwise we will never learn it.

Tax, once a mere financial obligation, now holds the key to unlocking your transformative journey. Strategically leveraging tax benefits and incentives, you can fuel your aspirations, secure your future, and empower yourself with newfound confidence. From investing in education and healthcare to building a sustainable business or retiring with dignity, tax planning becomes your ally. Embrace the power of tax optimization to turn challenges into opportunities, and watch as your dreams take flight. It's not just about paying taxes; it's about using them to shape your destiny.

Very helpful

EY must reads give a brief idea that what's happening in big MNC's and global companies for instance in this article they talk about taxes which quite gauging how people have different approaches towards it

EY, Putting tax at the center of your transformation strategy can be a game changer for your business. Here's why: - Tax isn’t just a cost—it’s a strategic lever that can drive financial efficiency and growth. - Aligning tax with your broader transformation efforts ensures compliance and reduces unexpected risks. - A tax-focused approach helps you unlock value by optimizing tax strategies across the business. - By understanding tax implications upfront, you can make more informed, confident decisions. - Tax planning integrates seamlessly into other business areas like finance, operations, and HR. - With the right tax strategy, you improve cash flow, reinvest in growth, and drive profitability. - Keeping tax at the heart of transformation means staying ahead of regulatory changes and market trends. - It also enhances your company’s transparency, building trust with investors and stakeholders. - The right tax insights help identify cost-saving opportunities and improve your competitive edge. - In a world of constant change, putting tax at the center ensures that every step you take is well-planned and confident. With tax as a strategic ally, you’ll be better equipped to navigate transformation with clarity and success.

Generative AI is undoubtedly transforming the tax and finance landscape. It’s exciting to see how businesses are leveraging this technology to enhance efficiency and decision-making. However, with 75% still in the early stages, it’s clear there’s a long way to go in unlocking its full potential. The journey ahead will be crucial for setting new standards in the industry!

Very helpful

Very helpful

No doubt all the #innovation due to #GenAI will cause massive #tax changes along with the new USA government changes coming in 2025. Thoughts? 👍

🧐 Great roundup of insightful articles, @EY! The one about GenAI's impact on tax and finance is especially relevant. It's fascinating to see how this technology is reshaping the industry. #GenAI #TaxTransformation