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National Audit Office focuses on HMRC

“HMRC is primarily in the business of bringing in tax revenue, and numbers are up for 2017-18 which is good news. Of course it needs to be vigilant on fraud and error, which is rising in Tax Credits, and on customer service. I welcome HMRC’s recognition of the need for prioritisation, to balance Brexit pressures and […]

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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 […]

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New ATT chief drives for higher standards

Welcome to World Cup week and a well-earned break from the Big Four. But we’re sticking with accounting matters here at Daily Insight. Sussex tax practitioner Tracy Easman has taken on the president role at the Association of Taxation Technicians (ATT). Her aim is to extend the association’s  high-standards ethos to across the tax field. […]

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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 […]

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HMRC software supplier list for MTD grows (slightly)

One of the speaker sessions that I particularly enjoyed at Accountex 2018 was by the HMRC’s Heather Elliot. The title of her talk wasn’t all that snappy: “To Raise Awareness of, and Engagement with MTD… (wait, it’s not finished yet) Specifically in the Area of VAT and ITSA.” Yet Heather, who is part of the (also […]

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Accountex team sets up for the big one!

New exhibitors. New speakers. New sessions. It’s all systems go. The Accountex team is  in London setting up the UK’s leading event for the accounting and finance profession at London’s ExCel on 23-24 May as we speak! So here’s a quick reminder of some of the key stats for this year’s exhibition. This year’s Accountex will […]

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Why Accountex 2018 is a financial feast

The 2018 MasterChef champion has just been crowned … and this got us thinking. In some ways, a great exhibition and conference is like a great meal. You need the right ingredients, equipment and technique to produce the perfect balance of flavours. You also need the right chef(s). And that’s exactly what we’ve seen every […]

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Carillion demise may spark Big Four break-up

Good morning everyone … but not so good, I suspect, if you are involved with the Big Four/Carillion/financial regulation. MPs are not happy with the UK’s leading auditors. At all. In fact, our representatives at Westminster say the top accounting dogs are a “cosy club incapable of providing the degree of independent challenge needed”. They want […]

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