SMBs are acting on financial advice from AI chatbots — before talking to their accountant, as experts warn 'that pressure is only going to grow'

Businessman working on desk office with using a calculator to calculate the numbers, finance accounting concept.

• 70% of UK small businesses turn to AI for financial advice before their accountants
• Most business leaders are dissatisfied with current accounting services
• Customers want more personalized, proactive advice

Nearly three-quarters (70%) of UK SMEs say they often or always act on AI-generated financial, tax or business advice before they consult their accountant, according to a new report of 500 UK SMEs commissioned by Ravical.