75% of independent hospitality businesses say a VAT cut is vital to their survival
Tax

75% of independent hospitality businesses say a VAT cut is vital to their s...

3y Accountancy Age

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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PwC announces launch of new Cambridge-based digital accelerator
Big Four

PwC announces launch of new Cambridge-based digital accelerator

3y Accountancy Age

PwC announces launch of new Cambridge-based digita...

PwC Cambridge launched a new digital accelerator – a 12-week Innovation Programme supported by Multinational Corporations collaborating with tec...

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PwC launches AI assistant tool for tax services
Big Four

PwC launches AI assistant tool for tax services

3y Accountancy Age

PwC launches AI assistant tool for tax services

The tax AI assistant tool cross references and has been trained on case law, legislation and other underlying sources, together with PwC UK’s own IP R...

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HM Treasury adds uncertainty on AML reform
HMRC

HM Treasury adds uncertainty on AML reform

3y Accountancy Age

HM Treasury adds uncertainty on AML reform

HM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...

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Slowing client demand stems promotions at PwC
Audit

Slowing client demand stems promotions at PwC

3y Accountancy Age

Slowing client demand stems promotions at PwC

PwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...

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The rise and fall of EY's Project Everest
Big Four

The rise and fall of EY's Project Everest

3y Accountancy Age

The rise and fall of EY's Project Everest

EY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...

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Can AI eliminate audit scheduling headaches?
Audit

Can AI eliminate audit scheduling headaches?

3y Accountancy Age

Can AI eliminate audit scheduling headaches?

Traditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...

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HMRC collects £1bn in unpaid tax from landfill tax investigations  
HMRC

HMRC collects £1bn in unpaid tax from landfill tax investigations  

3y Accountancy Age

HMRC collects £1bn in unpaid tax from landfill tax...

  HMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...

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Baker Tilly International announces record growth
Accounting Firms

Baker Tilly International announces record growth

3y Accountancy Age

Baker Tilly International announces record growth

Baker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...

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Why good accountants need to be more visible to small businesses
Accounting Firms

Why good accountants need to be more visible to small businesses

3y Adam Harper

Why good accountants need to be more visible to sm...

Whilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...

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Betting on technology is a big risk if the strategy is not right
Technology

Betting on technology is a big risk if the strategy is not right

3y Accountancy Age

Betting on technology is a big risk if the strateg...

Accounting practices should adopt a holistic approach that puts sound strategy before digitisation Read More...

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PwC reports UK M&A activity falls by almost a fifth in 2023
Mergers And Acquisitions

PwC reports UK M&A activity falls by almost a fifth in 2023

3y Accountancy Age

PwC reports UK M&A activity falls by almost a fift...

Analysis shows that while the majority of UK deals in 2023 were led by corporates, the number of deals involving private equity reached its highest le...

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SME's struggle to recruit apprentices due to high costs, BDO report reveals
Business

SME's struggle to recruit apprentices due to high costs, BDO report reveals

3y Accountancy Age

SME's struggle to recruit apprentices due to high ...

Ending the skills crisis is the top priority for businesses ahead of a general election, but BDO's research shows there are huge regional disparities ...

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Assessing the expected lifespan of technology can boost earnings and reduce costs - here's how
Digital assets

Assessing the expected lifespan of technology can boost earnings and reduce...

3y Accountancy Age

Assessing the expected lifespan of technology can ...

Big Tech companies have boosted profits by extending their servers' estimated life, reducing depreciation charges. However, overestimation can lead to...

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FRC seeks to break down barriers to competition in UK audit market
Audit

FRC seeks to break down barriers to competition in UK audit market

3y Accountancy Age

FRC seeks to break down barriers to competition in...

The FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...

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To buy or not to buy? That is the technical question
Technology

To buy or not to buy? That is the technical question

3y Accountancy Age

To buy or not to buy? That is the technical questi...

While in-house tech can offer tailored solutions and a competitive edge, market solutions provide access to advanced technology without significant in...

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Why 'numbers people' need better people skills
Skills

Why 'numbers people' need better people skills

3y Accountancy Age

Why 'numbers people' need better people skills

Mastering communication skills is crucial for young accountants, not just for presenting numbers but explaining their implications. This can be achiev...

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R&D tax changes risk deterring business investment, Lords report warns
HMRC

R&D tax changes risk deterring business investment, Lords report warns

3y Accountancy Age

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

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9 Use Cases of AI in Accounts Payable Operations
AP

9 Use Cases of AI in Accounts Payable Operations

3y Accountancy Age

9 Use Cases of AI in Accounts Payable Operations

In the current dynamic business environment, finance departments are constantly grappling with the management of large volumes of invoices, expense re...

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Hurst launches leadership development program
Skills

Hurst launches leadership development program

3y Accountancy Age

Hurst launches leadership development program

One of the UK’s leading independent accounting firms have launched a new leadership development program for members of its team. Hurst is first ...

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EY's resignation as Asda's auditor highlights importance of personal compliance
Audit

EY's resignation as Asda's auditor highlights importance of personal compli...

3y Accountancy Age

EY's resignation as Asda's auditor highlights impo...

On January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...

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IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

3y Accountancy Age

IESBA floats stricter ESG reporting standards for ...

The creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...

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Begbies Trainor report says 47,000 UK businesses are at risk of collapse
Brexit & Economy

Begbies Trainor report says 47,000 UK businesses are at risk of collapse

3y Accountancy Age

Begbies Trainor report says 47,000 UK businesses a...

The construction and property sectors, among others, bear the brunt of the crisis. Urgent measures are necessary to alleviate the burden of debt and f...

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Accountancy and finance sector remains resilient with 4.2% increase in salary
Talent

Accountancy and finance sector remains resilient with 4.2% increase in sala...

3y Accountancy Age

Accountancy and finance sector remains resilient w...

Large regional disparities remain in salaries across the UK, but in general, wages are on the rise. The cost of living is the greatest concern for tho...

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Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year
Tax

Research shows a significant increase in HMRC tax investigations – now a qu...

3y Accountancy Age

Research shows a significant increase in HMRC tax ...

HMRC tax investigations into individuals and small businesses have increased in the last year from 232,000 in 2021/22 to 248,000 in 2022/23*, accordin...

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Ensuring compliance with the ICAEW's new CPD requirements
Uncategorized

Ensuring compliance with the ICAEW's new CPD requirements

3y Accountancy Age

Ensuring compliance with the ICAEW's new CPD requi...

The ICAEW now requires a minimum number of CPD training hours annually, with at least 1 hour of ethics training. Read More...

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HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants
Business

HMRC to mandate payrolling of benefits from April 2026: Implications and pr...

3y Accountancy Age

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

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