R&D regime changes call for diligence
R&D

R&D regime changes call for diligence

7m Institute of Financial Accountants

R&D regime changes call for diligence

The new guidance from HMRC regarding the R&D tax scheme shows that the Government is taking action against false claims, resulting in a more thoro...

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17% of businesses applying for VAT registration last year were unsuccessful
Tax

17% of businesses applying for VAT registration last year were unsuccessful

7m Rachael Kennedy

17% of businesses applying for VAT registration la...

HMRC customer service crisis impacting VAT registrations for businesses - 53,000 applications refused or withdrawn Read More...

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8 steps to migrate your practice to the cloud
Accounting Firms

8 steps to migrate your practice to the cloud

7m Wolters Kluwer

8 steps to migrate your practice to the cloud

Thinking about migrating your accounting practice to the cloud, but unsure where to begin? Starting the cloud accounting process can seem daunting, bu...

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UK government outlines new timeline for sustainability disclosures
CSR

UK government outlines new timeline for sustainability disclosures

7m Accountancy Age

UK government outlines new timeline for sustainabi...

The UK has updated its corporate sustainability reporting timeline, aligning with the ISSB framework for compatibility. Consultations on the new stand...

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PwC to become OpenAI's largest enterprise customer
AI in Accounting

PwC to become OpenAI's largest enterprise customer

7m Accountancy Age

PwC to become OpenAI's largest enterprise customer

By integrating this cutting-edge tool, PwC aims to empower its 75,000 US and 26,000 UK employees, as well as its extensive client base, to harness the...

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Are high street banks really restricting cash for SMEs?
Consulting

Are high street banks really restricting cash for SMEs?

7m Accountancy Age

Are high street banks really restricting cash for ...

Nearly eight in ten brokers (77%) believe that high street banks are scaling back their willingness to fund small and medium-sized businesses, accordi...

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What are the consequences for directors who file company accounts late?
Accounting Standards

What are the consequences for directors who file company accounts late?

7m Nick Scott and Jonathan Chibafa, partners at Keystone Law

What are the consequences for directors who file c...

Under the Companies Act 2006 (“CA 2006”), it is a criminal offence for directors to file their company accounts late. Typically, there isn...

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Navigating the complexities of VAT in a digital world
Tax

Navigating the complexities of VAT in a digital world

7m Alistair Duncan, Indirect Tax Partner at AAB

Navigating the complexities of VAT in a digital wo...

The e-commerce landscape has evolved significantly over recent years, revolutionising the retail sector by enabling businesses to reach global markets...

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What is AI & RPA?
AI in Accounting

What is AI & RPA?

7m Cliff Orme, DSG Chartered Accountants

What is AI & RPA?

Cliff Orme, MI, Cloud Accounting and Systems Manager at DSG Chartered Accountants, explores how accountancy firms can use AI and RPA to streamline pra...

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SMEs are worried about political uncertainty - accountants, take heed
Brexit & Economy

SMEs are worried about political uncertainty - accountants, take heed

7m Accountancy Age

SMEs are worried about political uncertainty - acc...

Over half of SME decision makers have cited the potential change of government and political uncertainty as key concerns Read More...

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KPMG Switzerland and KPMG UK confirm merger
Uncategorized

KPMG Switzerland and KPMG UK confirm merger

7m Accountancy Age

KPMG Switzerland and KPMG UK confirm merger

The $4.4bn figure is a combination of KPMG Switzerland and KPMG UK’s gross revenues for FY23 Read More...

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Study shows lenders anticipate growing influence of ESG credentials on mid-market borrowing
Corporate Finance

Study shows lenders anticipate growing influence of ESG credentials on mid-...

7m Accountancy Age

Study shows lenders anticipate growing influence o...

New research from leading business and financial adviser Grant Thornton UK LLP has found that ESG credentials are an increasingly important factor for...

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Interest in PE among mid-market firms is on the rise
Accounting Firms

Interest in PE among mid-market firms is on the rise

7m Accountancy Age

Interest in PE among mid-market firms is on the ri...

Chartered accountancy body ICAEW published a report on May 22 exploring the evolution of mid-tier accountancy firms following a survey of managing par...

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Fraud remains a major problem as over £1 billion is stolen by criminals in 2023
Brexit & Economy

Fraud remains a major problem as over £1 billion is stolen by criminals in ...

7m Rachael Kennedy

Fraud remains a major problem as over £1 billion i...

UK Finance releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. Read Mo...

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‘Perfect storm’ for hundreds of thousands of firms revealed as demand spirals and talent supplies plummet
Skills

‘Perfect storm’ for hundreds of thousands of firms revealed as demand spira...

7m Accountancy Age

‘Perfect storm’ for hundreds of thousands of firms...

Almost half (45%) of firms are being “severely” or “significantly” affected by skills shortages and a total of 74% of respondents said that compared w...

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Turning payroll from a burden into a profit centre
Accounting Software

Turning payroll from a burden into a profit centre

7m Rachael Kennedy

Turning payroll from a burden into a profit centre

As payroll complexities increasingly drain accountancy firms' resources, pioneering solutions that offer greater integration offer a path to turn this...

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Accountex: What we learnt about AI?
AI in Accounting

Accountex: What we learnt about AI?

7m Rachael Kennedy

Accountex: What we learnt about AI?

AI was a keen talking point at AccountEx 2024 (unsurprisingly), dominating both the seminar schedule and conversations at stands throughout the confer...

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Auditors failed to raise alarm for 75% of companies that went bust
Audit

Auditors failed to raise alarm for 75% of companies that went bust

7m Accountancy Age

Auditors failed to raise alarm for 75% of companie...

New analysis shows that auditors failed to warn about 3 out of 4 of the UK’s largest publicly traded companies that collapsed between 2010 and 2022. R...

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Q&A: Gravita's CEO on the challenger firm's tech driven strategy
Accounting Firms

Q&A: Gravita's CEO on the challenger firm's tech driven strategy

7m Rachael Kennedy

Q&A: Gravita's CEO on the challenger firm's tech d...

When I asked ChatGPT to show me a picture of a typical accountant, the output was not surprising – sat at a desk covered in paper and a calculat...

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Unlock the power of multi-DCA strategy in receivables management
Opinion Blog

Unlock the power of multi-DCA strategy in receivables management

7m Robert Doherty, Global Head of Legal & Insolvency, Aryza

Unlock the power of multi-DCA strategy in receivab...

The piece discusses the benefits of engaging multiple collection partners, including increased repayment rates, cost reduction, and improved customer ...

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Can accountants save football clubs drowning in debt?
Accounting Firms

Can accountants save football clubs drowning in debt?

7m Rachael Kennedy

Can accountants save football clubs drowning in de...

Seven UK professional football clubs were issued winding up petitions in 2023 – the highest figure since 2020 – as financial pressures intensify*, say...

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Do HMRC's customer service woes demand accountant intervention?
HMRC

Do HMRC's customer service woes demand accountant intervention?

7m Accountancy Age

Do HMRC's customer service woes demand accountant ...

HMRC’s telephone customer service is failing to meet expectations, with taxpayers experiencing an average wait time of nearly 23 minutes in the first ...

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Three ways to close the finance skills gap in UK accounting practices
Skills

Three ways to close the finance skills gap in UK accounting practices

7m Rachael Kennedy

Three ways to close the finance skills gap in UK a...

What is an accountant? According to ChatGPT, they are the following: “[Accountants are] highly detail-oriented and analytical professionals, adept at ...

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Could AI be universally adopted within audit in the next three years?
AI in Accounting

Could AI be universally adopted within audit in the next three years?

7m Rachael Kennedy

Could AI be universally adopted within audit in th...

No longer confined to traditional assurance functions, auditors are now expected to be at the forefront of innovation, guiding their clients through t...

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Deciphering the BoE's latest interest rate decisions
Business

Deciphering the BoE's latest interest rate decisions

7m Accountancy Age

Deciphering the BoE's latest interest rate decisio...

The BoE holds interest rates at 5.25% amid economic uncertainty, reflecting a cautious approach to UK monetary policy and highlighting the critical ro...

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FRC publishes final settlement decision to KPMG on Carillion
Audit

FRC publishes final settlement decision to KPMG on Carillion

7m Accountancy Age

FRC publishes final settlement decision to KPMG on...

Investigations revealed that KPMG failed to gather sufficient audit evidence and did not exhibit the necessary professional scepticism required for au...

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FRC issues sanctions against audit firms for failures in LCF audits
Audit

FRC issues sanctions against audit firms for failures in LCF audits

8m Accountancy Age

FRC issues sanctions against audit firms for failu...

The FRC's sanctions against the three audit firms involved in the LCF audits serve as a stark reminder of the vital role that auditors play in maintai...

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