Menu

Accounting

shutterstock_556468432

IRIS launches digital excellence awards

IRIS is launching its very own awards to celebrate individuals and accountancy practices thriving in the digital economy. The IRIS Customer Awards have been set up as the software group enters its 40th year. They acknowledge best practice across several areas as accountancy firms evolve beyond compliance services to capitalise on service opportunities in the […]

Continue Reading
dailyinsight_1

HMRC releases new update on making tax digital

Making Tax Digital edges ever closer. Late on Friday afternoon HMRC posted an MTD update including a list of 18 software suppliers, as it put it: “To support businesses and agents in the run up to the start of the mandatory MTD VAT service from April 2019.” The online information package includes: A new HMRC VAT […]

Continue Reading
dailyinsight_4

How’s your MTD transition looking?

I found some good advice for accountants looking to make the transition to digital the other day. It’s from Damon Anderson, the affable director, partner at Xero. And it comes complete with a heavy nudge to get your act together (if you haven’t already)! Damon says: “MTD will put many practices under pressure when it […]

Continue Reading
dailyinsight_5

Is blockchain technology now the new world order?

Unlike the answer to any question that was ever asked by the Daily Mail (it’s always No), the response to the query above may well be Yes. And that’s regardless of whether you’re in the accounting and finance sector or not. The fact that Hdac is shelling out zillions of pounds on (slightly baffling) football […]

Continue Reading
dailyinsight_3

ICAEW displays a healthy degree of scepticism

There’s been lots of talk lately about “scepticism” and “auditing”. As in the post-corporate collapse… “the audit failed to demonstrate a necessary degree of professional scepticism”. This sort of comment makes for a tasty sound bite. And it’s clear that a good degree of scepticism is at the heart of a good auditor. But what […]

Continue Reading
shutterstock_589083317

10 top best practice insights for accountants

Welcome to the first regular article from accountancy speaker and author Martin Bissett. Martin will be focusing on practice insights and giving invaluable advice on how accountants can improve their businesses. My favourite 10 practice insights… To your potential client, it doesn’t matter if your marketing is different, it matters that you’re “superior” to the alternative […]

Continue Reading
gdpr

GDPR and the right of access to data

GDPR says it is an individual’s right to obtain confirmation about whether data belonging to them is being processed and, if so, where it is being held. It is also their right to have a copy of that data and other “supplementary information” including: the purpose their data was being stored for; the recipients that […]

Continue Reading
dailyinsight_3

Accountex 2018 in numbers

Today’s Daily Insight is a quick look back at Accountex 2018 now that our resident statisticians have been able to analyse all the data from the show and come up with some significant numbers. There’s some interesting reading here, particularly the number of buying influencers who attended the show a couple of weeks ago at […]

Continue Reading
dailyinsight_5

Clarity Project aims to be more than a token gesture

I was browsing the Bloomberg Tax website and came across an interesting “hush-hush development”. Apparently the UK government is exploring the issue of taxation of cryptocurrencies like Bitcoin, Ripple, and Ethereum. Bloomberg writer Ben Stupples reckons: “Officials have met with tax practitioners to discuss the UK’s treatment of cryptocurrencies.” His source has asked not to be […]

Continue Reading
dailyinsight_2

Accountants to play MTD teaching role

Today’s Daily Insight focuses on some insighful industry Making Tax Digital statistics. MTD is the No.1  problem for VAT-registered small business owners as they undergo technological transition. The education role for accountants is clear. Research by online accounting software provider Intuit QuickBooks finds that 76 cent say understanding digital is a chief concern, followed by finding the tools […]

Continue Reading