Can AI eliminate audit scheduling headaches?

Audit Can AI eliminate audit scheduling headaches?

1m Accountancy Age, Reporters

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  

1m Accountancy Age, Reporters

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

1m Accountancy Age, Reporters

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

1m Adam Harper, Director of professional standards and policy, AAT

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

1m Accountancy Age, Reporters

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

1m Accountancy Age, Reporters

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

1m Accountancy Age, Reporters

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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How to choose the right accounting software as a small business

Accounting Software How to choose the right accounting software as a small business

1m Rachael Kennedy

How to choose the right accounting software as a s...

With so many accounting software options on the market today, from QuickBooks to FreshBooks to Xero, it can be overwhelming for small business owners ...

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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 costs - here's how

1m Accountancy Age, Reporters

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

1m Accountancy Age, Reporters

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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Navigating the new normal: The strategic turn to outsourcing in R&D tax services

R&D Navigating the new normal: The strategic turn to outsourcing in R&D tax services

1m Rachael Kennedy

Navigating the new normal: The strategic turn to o...

Amidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...

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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

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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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Accountancy people moves: January 2024

Company News Accountancy people moves: January 2024

2m Rachael King

Accountancy people moves: January 2024

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

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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

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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 compliance

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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 salary

2m Accountancy Age, Reporters

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 quarter of a million opened per year

2m Accountancy Age, Reporters

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

2m Accountancy Age, Reporters

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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UK government invests half a million to get audit and accountancy qualifications recognised abroad

Skills UK government invests half a million to get audit and accountancy qualifications recognised abroad

2m Rachael Kennedy

UK government invests half a million to get audit ...

The UK government has pledged £500,000 to facilitate the recognition of accountancy and audit qualifications abroad. Announced by the Department of Tr...

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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 preparations for accountants

2m Accountancy Age, Reporters

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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Will AI force young accountants back into the office?

Practice Will AI force young accountants back into the office?

2m Accountancy Age, Reporters

Will AI force young accountants back into the offi...

Ultimately, firms must adapt to the changing dynamics of the accounting profession by creating attractive office environments that foster collaboratio...

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Dains Group bolsters market presence with acquisition of two strategic firms

Mergers And Acquisitions Dains Group bolsters market presence with acquisition of two strategic firms

2m Accountancy Age, Reporters

Dains Group bolsters market presence with acquisit...

Dains Group has announced the successful acquisition of two strategic businesses, McInerney Saunders Chartered Accountants and Magma Chartered Account...

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