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Closing the tax gap … it’s complicated!

A few weeks ago, I wrote about the tax gap and how it was unfortunate that the figures were published at the same time Theresa May said taxes would need to rise in order to provide extra health service funding. The tax gap, as it’s quaintly known, is the difference between the amount of tax collected […]

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Debunking myths about age … plus more on MTD

Today’s theme is age. Young people make the ‘best’ entrepreneurs, right? Just look at the likes of Mark Zuckerberg, Steve Jobs and Bill Gates. All of them were still in their 20s when the zillions started rolling in and they’d changed everyone’s lives beyond recognition. But not so fast… the Harvard Business Review has published […]

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Women feature in top five accountants aged under 35

Three women feature in 2018’s top five accounting and finance professionals aged under 35. The Accountancy Age list highlights talented accountants who have made big career contributions so far. A No. 5 is Sophie Falcon, case manager, at ICAEW Professional Standards. Sophie had nine years at PwC, before joining ICAEW nearly four years ago. She reviews […]

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IRIS snaps up Taxfiler; gig economy boosts Intuit

Welcome to Daily Insight and the first day of Accountex 2018. Today’s big news is UK accounting group IRIS is acquiring Taxfiler, the cloud tax and accounts group focused on small accountancy practices. Taxfiler, set up in 2012, is a cloud-based monthly subscription service for agents and accountants to submit statutory accounts and tax returns. […]

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Is it time for a change?

Over the past year or so, you’ve likely dealt with a lot of change. And, with our sights set on the future, more is on its way. First, cloud accounting software companies started targeting customers and your compliance revenues were threatened. So, you got the new software and put the processes in place. (Tick). Then…. […]

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Mel Stride looks into the future of taxation

What better way to warm up a cold and damp start to the week than with a few comments about taxation from Mel Stride, financial secretary to the Treasury. On the tax system and the changing face of business in the not too distant future, he says: “Who knows where it’ll end up. “I’ve just […]

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HMRC… it giveth and it taketh away, apparently

Good morning everyone, and welcome to Tuesday’s dip into the news from the worlds of accounting and finance. First up today is HMRC. This headline stood out by some considerable distance: “Accountants face increased HMRC demands for client information.” According to Accountancy Daily: “HMRC requests to accountants and other advisers for confidential information on clients […]

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