A glimpse into the crystal ball (of accountancy)

The business world is going digital and accountancy is no exception, driven by advances in technology and constant changes in regulation. The role of an accountant, once perceived as a number cruncher, has already evolved to encompass new skills, with even more of a focus on technology and relationship management. To further explore the pace […]

Continue Reading

MTD VAT pilot takes a huge stride

It’s happening! Half a million UK businesses can now sign up to the HMRC’s making tax digital for VAT pilot. Another 100,000 will be able to join by the end of the month. That’s ahead of next April when about a million businesses registered for VAT with a taxable turnover above £85,000 will need to keep […]

Continue Reading
Sion Lewis, CEO IRIS Accountancy Solutions

IRIS draws up blueprint for success at Twickenham

IRIS will unveil its blueprint for accountancy businesses to thrive in the digital economy at its annual conference, IRIS World.  The UK’s largest accountancy software provider will explain how it is setting the future standard for tomorrow’s practices while continuing to serve the firms of today. IRIS will announce several making tax digital (MTD) developments […]

Continue Reading

Accounting profession singles out Brexit as biggest headache

It’s time for accountants to “step up to the plate” when it comes to Brexit, according to the ICAEW’s head of tax. Frank Haskew says: “Our profession is facing a generational, monumental change. This is massive for all of us.” He adds (perhaps with a hint of understatement) that clients across the country are “starting to […]

Continue Reading

BrandWatch: Simplifying accounting for taxi drivers

Today’s Daily Insight welcomes you to BrandWatch, the Accounting Insight News series about companies and brands aiming to cause a stir in the world of accounting and finance. Meet Manchester-based ClickTo.Tax, a group that helps to make self-assessment tax returns as stress-free as possible for self-employed taxi drivers in the so-called gig economy. A bit of context: the […]

Continue Reading

Where next for MTD and the spreadsheet?

In most conversations about Making Tax Digital for Business, the word ‘spreadsheets’ is bound to crop up at some point or other. As in how will/can/do they fit into HMRC’s plans for the not too distant future? So it was interesting when I clicked on the PWC link in the UK tax authority’s latest 18-strong list […]

Continue Reading

HMRC’s MTD software supplier list is growing fast!

The updates for HMRC’s MTD/VAT software supplier list seem to be coming thick and fast. That’s three in the past fortnight with the latest arriving yesterday.  There are now 27 providers in the line-up, up from 18 on July 15. Joining the roll call are AlphaVAT – Tax Systems plc,  Cirrostratus – Exedra, FreeAgent, KPMG LLP (UK), Landmark Systems, Motor […]

Continue Reading