As AI tools like ChatGPT grow in popularity, more taxpayers are turning to them for tax advice and compliance guidance. However, experts warn that AI-generated tax information may be inaccurate, outdated, and therefore dangerous, putting users at risk of steep penalties, including large fines.
Adhering to the rules and regulations can be a complex and overwhelming task, but working with our firm can offer you peace of mind. Remember: You don’t have to go it alone.
At Roger Boghani, we will work with you not only to ensure tax compliance, but also to structure your investments, maximise profits and minimise tax liability. When it comes to tax compliance and building wealth to secure your financial future, our experienced and professional guidance is indispensable. We build strong relationships with our clients based on integrity and trust, and we will help you every step of the way.
Here’s why relying on ChatGPT for tax matters could be dangerous, and how a qualified accountant can safeguard your financial interests.
The Risks of Using ChatGPT for Tax Advice
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Inaccurate or Outdated Information
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Tax laws change frequently, and ChatGPT’s knowledge is not always up-to-date.
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AI may provide generic answers that don’t account for your specific financial situation.
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No Legal Accountability
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Unlike registered tax agents, ChatGPT cannot be held responsible for incorrect advice.
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Mistakes could lead to ATO audits, fines, or missed deductions.
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Lack of Personalisation
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Financial planning requires tailored strategies based on income, deductions, and business structure.
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AI cannot analyse your unique circumstances and for this you need a personalised relationship with a qualified accountant.
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Just a Few Ways Roger Boghani can Help
✅ Up-to-date expertise – Our experts stay current with ATO regulations to ensure compliance.
✅ Customised tax advice – We work with you to develop personalised strategies to maximise deductions and minimise tax liability.
✅ Audit protection – If the ATO investigates your return, we provide support and guidance.
We have assisted many clients with ATO audits and have been successful in having clients’ penalties and debts waived. We work closely with the ATO and have a proven record of achieving favourable outcomes for our clients.
Need Reliable Financial Advice? Consult an Expert
AI tools are not a substitute for professional and experienced judgment, and relying on chatbots such as ChatGPT can lead to wasted time and undesirable outcomes. And it’s not only about tax returns. The rules around Capital Gains Tax (CGT) and cryptocurrency, for instance, are becoming increasingly complex, and require reliable and expert advice.
At Roger Boghani, we combine experience, accuracy, and accountability to keep your finances secure. Let us work with you to maximise your returns and maintain good financial health, so that you can get on with the things that matter to you.
Contact us today for trusted tax advice that is tailored to your needs.
