Daily Insight


The list goes on … HMRC’s VAT/MTD software suppliers

In July there were 18. In August there were 27.  In September there are 40. As that April 2019 deadline for Making Tax Digital for VAT starts to look just that little bit nearer, HMRC has updated its list of approved software suppliers. HMRC is working with more than 150 software suppliers that have said they’ll […]

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Calls for reform of crisis-hit world of auditing

Calls for sweeping changes to the auditing sector are gathering pace. The Financial Times has been running a series called the Big Flaw that has focused on areas such as “A return to prudence: how to restore faith in accounting”  and “An illusion of choice: the conflicts that mire the audit world”. To conclude the […]

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Marketing Monthly: Why bother with social media?

Welcome to the third Q-and-A session focusing on marketing for accountants… with Amanda C Watts Q. Why should accounting firms bother with social media, especially when so much business comes from word of mouth? I get asked this question often. A. Word of mouth and referrals are a great way to feed your accounting practice in its […]

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Emerging tech offers opportunities for accountants

Accountex USA takes place next week in magnificent Boston, of Red Sox fame. There will be about 100 exhibitors at the Hynes Convention Centre on August 22-23, including Intuit QuickBooks, Sage, Receipt Bank, HubDoc and Zoho. And just as with Accountex London and Accountex Summit North, there’s a fascinating speaker line-up, too – headed by cyber-security expert Dave […]

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Making Tax Digital VAT: is it time to educate clients?

The summer has arrived (it’s started raining!). Government members have retreated to Tuscan villas. School children are enjoying the longest holiday of the year. Parents battle to juggle work and keep their little ones entertained. Amid the extraordinary political, social and economic events of the past few months, accountancy professionals are debating the next step […]

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Business calls for MTD roll-out delays

An “alarmingly high” number of UK businesses don’t know a thing about Making Tax Digital, says the British Chambers of Commerce. Or they know very little… So it’s no real surprise that they would like to see HMRC further delay the programme’s roll-out. BCC research, carried out with US tax software group Avalara, shows: 24 per […]

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Complaints group says HMRC must do better!

Happy 25th birthday to the Adjudicator’s Office, which has just released its annual report.  First, what is it? Well, it deals with complaints against HMRC. Or as the report puts it: “We give HM Revenue and Customs (HMRC) and the Valuation Office Agency (VOA) the opportunity to learn lessons and make improvements.” The AO, which […]

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Accountant issues interest rate warning

The Bank of England‘s  decision to lift interest rates for only the second time in a decade has received a mixed reaction… and worse. The rate has risen by a quarter of a percentage point, from 0.5 per cent to 0.75  per cent – the highest since March 2009. Mark Carney, BoE governor, says there […]

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Who’s going to win the Accounting Excellence Awards?

Hundreds of hopefuls have been whittled down to a shortlist of outstanding contenders for the accounting and finance Oscars – the Accounting Excellence Awards 2018. Joining the tried, tested and trusted categories from the previous seven years are a couple of newcomers for Year 8, the Specialist Team of the Year and the Finance Team of […]

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