All hands on Brexit as HMRC slows MTD delivery

HMRC’s latest notice reveals that Brexit is taking priority over MTD …. though the digital delivery for VAT remains on course for next April. The Revenue says: “HMRC have had to make some tough choices about how we use our resources so we can be sure of delivering on our EU Exit responsibilities. “We’re now […]

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Investigate HMRC powers, say UK Lords

With Theresa May’s no-confidence vote monopolising the news agenda, it’s not surprising that important matters are getting overlooked, ignored or dipping beneath the radar. While the accounting/tax media homed in on the House of Lords’ recent comments about HMRC, it still strikes me that this issue may be edging into the above territory. It’s certainly […]

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Tax accountants lag behind the MTD curve

I’m yet to see survey results that demonstrate the accounting profession is fully supportive of, and prepared for, the digital future. The latest piece of research by Thomson Reuters does little to change that. UK tax professionals are still unsure how to get ready MTD for VAT. About 70 per cent of the 146 tax and […]

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UK skills shortage reaches critical levels

With continuous demand for skilled employees in some of the country’s highest growth sectors, the UK skills gap is a major and well-publicised crisis that, according to a report by Open University, costs the country more than £2bn a year. Further, 97% of organisations working in STEM and 96% of financial organisations have had difficulty […]

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Software leaders predict bright future for bookkeepers

The bookkeeper is an endangered species on the verge of being devoured in the technology jungle. That’s what many industry observers are warning. But it’s not an opinion that was massively in evidence among the 400 or so at the Institute of Certified Bookkeepers’ annual two-day summit in London this week. And they may well […]

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Star lifts the burden of payment processing

Accountancy professionals facing increasing costs and complexity of payment processing can now offer payroll services without Bacs accreditation. . Star Payroll has joined forces with CORVID PayGate to enable accountants to create and submit payment files on behalf of clients using the secure Bacs network. This streamlines the entire process, improving end-to-end control and providing […]

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Taxfiler launches smooth integrations

As bookkeepers and accountants brace themselves for another busy tax season, Taxfiler is launching integrations for KashFlow and Xero online accounting software to streamline the submission process. The new integrations enable accountants to efficiently move information into one system, enabling submissions (tax returns, accounts and VAT returns) to be completed from a single compliance solution. […]

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Ireland upgrades PAYE system

PAYE Modernisation or Real Time Reporting is the latest big policy overhaul in Ireland. It’s also known as SMART PAYE and this is probably to facilitate then following snappy little memory jogger by the Revenue’s marketing department. Seamless integration into payroll. Minimize employer cost to comply. Abolition of P30s, P45s, P60s and end of year returns. […]

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Xero enhances platform for businesses and advisers

Xero has announced major innovations and partnerships that help small businesses and their advisers do their taxes simply, access the data they need most, and ensure they can run more profitable, more efficient projects for customers. Xero also announced the acquisition of Instafile, a UK cloud-based accounts and tax return preparation company that will automate tax […]

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