accounting
FinanceOpen Banking – the Key to the Digitalisation of Accountancy
TechnologyProviding Accountants With the Right Tools to Prevent Burnout and Poor Mental Health
FinanceAccountants in Action: Top Tips to Protect Your Firm Against Money Laundering
FinanceAudit Reform: Why the Finance Industry Must Prepare Now
UK Watchdog Proposes Auditors Publish Quality Indicators
Date: June 22, 2022
LONDON (Reuters) – Britain’s accounting watchdog proposed on Wednesday that auditors publish indicators of how well they are performing in a bid to raise standards after a string of corporate failures. The collapse of builder Carillion, retailer BHS and cafe chain Patisserie Valerie threw a spotlight on audit quality, prompting the government to propose a...
FinTech Solutions Every Small Business Owner Needs
Date: April 28, 2022
By Martin Hegelund, CMO and co-founder, Ageras After two years of social distancing, consumers have come out of hiding and gotten back to shopping, dining out and booking flights and hotel rooms. This year should be a boom time for the small businesses that serve these customers, but a recent Clarify Capital survey of 500...
Why Erp Resellers Need to Embrace Innovation to Survive, and Thrive
Date: April 25, 2022
By Annabel Sim, Compleat Software The sharp downturn in economic activity caused by the global pandemic is having a broader impact on innovation and tech spend, with businesses reluctant to spend big on ripping out and replacing software systems. Tough economic times typically tend to see a downturn in sales and revenue as businesses reduce...
UK Watchdog to Reclaim Powers to Ban Auditors
Date: April 14, 2022
LONDON (Reuters) – Britain’s accounting watchdog will reclaim powers to ban auditors under proposals announced on Thursday. The powers were previously delegated by government to professional accounting bodies such as the ICAEW at a time when the Financial Reporting Council (FRC) was a small watchdog with much fewer resources. But after corporate collapses at builder...
Making Tax Digital 2022: What Do Businesses Need to Know?
Date: April 6, 2022
By Mark Blakemore, CFO at Compleat Software From April 2022, every small business which charges VAT will have to file accounts through the HMRC Making Tax Digital (MTD) scheme, which first launched for those businesses with a taxable turnover above the VAT threshold (£85,000 per annum) in April 2019. There are many businesses which this...
How SMEs Can Navigate the Next Stages of Mtd
Date: April 5, 2022
By Roan Lavery, CEO and Co-Founder, FreeAgent In a few short days, the next stage of Making Tax Digital (MTD) comes into effect. This will see SMEs and sole traders who have voluntarily registered for VAT being required to keep records and report VAT digitally, signifying a major change for many SME owners. MTD represents...