News Summary

• 70% of UK SMEs say they often or always act on AI-generated financial, tax or business advice before they consult their accountant.
• Only 5% rarely or never do this, highlighting just how widespread AI adoption is when it comes to seeking advice.
• 85% of accountants are willing to use AI, with four in five seeing their roles evolving into ‘data guardians’ 90% of SMEs believe compliance work could largely be handled by AI within the next few years, but 35% already see that as being true today.