Making Tax Digital

MTD: The story so far

The UK's plan to digitalise the tax system is well underway Read More

View post

Regulation

HMRC admits MTD will be costly for landlords

HMRC HMRC admits MTD will be costly for landlords

3w Rachael King

HMRC admits MTD will be costly for landlords

HM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....

View article
Making Tax Difficult: MPs raise concerns about HMRC

MTD Making Tax Difficult: MPs raise concerns about HMRC

4m Accountancy Age, Reporters

Making Tax Difficult: MPs raise concerns about HMR...

The successful implementation of MTD depends on the government's ability to address the concerns raised by stakeholders and provide a transparent and ...

View article
Government execution of MTD ‘out of control’ as costs spiral

HMRC Government execution of MTD ‘out of control’ as costs spiral

9m Sam Alberti

Government execution of MTD ‘out of control’ as co...

The regime's total cost is now thought to be five times the original forecast Read More...

View article
MTD: The story so far

MTD MTD: The story so far

6m Sam Alberti

MTD: The story so far

The UK's plan to digitalise the tax system is well underway Read More...

View article
WATCH: Scepticism growing towards MTD for ITSA

HMRC WATCH: Scepticism growing towards MTD for ITSA

6m Greg Noble

WATCH: Scepticism growing towards MTD for ITSA

The most recent postponement marks the fifth time that MTD for ITSA has been pushed back from its initial target date of April 2018 Read More...

View article
MTD for ITSA: Questions your clients might be asking

MTD MTD for ITSA: Questions your clients might be asking

1y Institute of Financial Accountants

MTD for ITSA: Questions your clients might be aski...

Practitioners must communicate to clients ahead of the MTD ITSA conversion deadline to ensure as smooth a path as possible, urges John Edwards, CEO of...

View article
MTD for ITSA officially delayed until 2026 to ‘maximise benefits’

HMRC MTD for ITSA officially delayed until 2026 to ‘maximise benefits’

1y Greg Noble

MTD for ITSA officially delayed until 2026 to ‘max...

The postponement should help smaller businesses in the long run, according to the Treasury Read More...

View article
MTD for income tax – what’s going on?

MTD MTD for income tax – what’s going on?

2y Emma Rawson, ATT Technical Officer

MTD for income tax – what’s going on?

Emma Rawson, technical officer at the Association of Taxation Technicians, outlines the key takeaways for advisers and businesses following the announ...

View article

Technology

Case study: How Deloitte is leveraging 'DARTbot' within its audit processes

Technology Case study: How Deloitte is leveraging 'DARTbot' within its audit processes

2m Accountancy Age, Reporters

Case study: How Deloitte is leveraging 'DARTbot' w...

DARTbot ensures that professionals can focus on higher-value activities and deliver exceptional client service. Read More...

View article
What should accounting technology providers learn from the Post Office Horizon scandal?

Accounting Software What should accounting technology providers learn from the Post Office Horizon scandal?

2m Rachael Kennedy

What should accounting technology providers learn ...

The Horizon scandal has shed light on the crucial role of ethical practices in the accounting technology industry, and underscored the need for transp...

View article
BDO launches new AI platform 'Personas' to streamline operations

Accounting Firms BDO launches new AI platform 'Personas' to streamline operations

2m Accountancy Age, Reporters

BDO launches new AI platform 'Personas' to streaml...

Personas is an internal AI platform meticulously developed by BDO to boost productivity and streamline day-to-day tasks. Read More...

View article
Over two thirds of accountants say AI has had a positive impact on their profession

Skills Over two thirds of accountants say AI has had a positive impact on their profession

3m Rachael Kennedy

Over two thirds of accountants say AI has had a po...

67% of participants predicted that their companies will increase AI investment in 2024 through expanded implementation, partnerships with AI software ...

View article
EY's innovative use of AI in detecting audit frauds sparks debate

Audit EY's innovative use of AI in detecting audit frauds sparks debate

3m Accountancy Age, Reporters

EY's innovative use of AI in detecting audit fraud...

EY has implemented artificial intelligence (AI) in its audit processes, leading to the detection of fraudulent activities. Out of the first 10 compani...

View article
Leveraging technology for effective AP audit trails

AP Leveraging technology for effective AP audit trails

4m Accountancy Age, Reporters

Leveraging technology for effective AP audit trail...

Building a comprehensive AP audit trail can be challenging due to several factors but leveraging technology can help accounting teams approach audit w...

View article
Is transitioning to the cloud the right decision?

Cloud Is transitioning to the cloud the right decision?

4m Accountancy Age, Reporters

Is transitioning to the cloud the right decision?

Accountants need to be realistic and identify potential roadblocks to their current IT infrastructure that could prevent their firm from moving to the...

View article
Harnessing technology to attract and retain talent in accounting

Skills Harnessing technology to attract and retain talent in accounting

4m Accountancy Age, Reporters

Harnessing technology to attract and retain talent...

Discover where technology reshaping career paths, and becoming the key to attracting and retaining top talent in our comprehensive analysis Read More...

View article
Mastering business intelligence software

Practice Mastering business intelligence software

4m Accountancy Age, Reporters

Mastering business intelligence software

Explore cutting-edge business intelligence strategies and insights to drive efficiency and decision-making in the dynamic corporate landscape Read Mor...

View article
Embracing the cloud: A new era for accounting

Cloud Embracing the cloud: A new era for accounting

4m Accountancy Age, Reporters

Embracing the cloud: A new era for accounting

Discover how the cloud revolution is redefining the accounting landscape, empowering accountants with real-time insights and transforming traditional ...

View article
Embracing artificial intelligence: A new era for accountants

Skills Embracing artificial intelligence: A new era for accountants

4m Accountancy Age, Reporters

Embracing artificial intelligence: A new era for a...

51% of UK accountants believe that upskilling their existing workforce will provide them with the necessary talent to leverage AI Read More...

View article
Mastering data analytics: A game-changer for accountants?

Data Repository Mastering data analytics: A game-changer for accountants?

4m Accountancy Age, Reporters

Mastering data analytics: A game-changer for accou...

Discover the importance of data analytics in the accounting landscape, how mastering this skill can boost your career, and actionable steps to enhance...

View article

Challenges and implications

MTD: A chance for accountants to show their worth

Accounting Firms MTD: A chance for accountants to show their worth

1y Greg Noble

MTD: A chance for accountants to show their worth

The upcoming MTD for income tax self-assessment deadline opens the door for accountants to play a key advisory role once more  Read More...

View article
UK government must “think carefully” about MTD implementation

MTD UK government must “think carefully” about MTD implementation

2y Sam Alberti

UK government must “think carefully” about MTD imp...

New research suggests that one in 10 accountants will leave the profession due to compliance burdens Read More...

View article
MTD for ITSA – more questions than answers

MTD MTD for ITSA – more questions than answers

2y Emma Rawson, ATT Technical Officer

MTD for ITSA – more questions than answers

ATT technical officer, Emma Rawson, takes a look at recently published draft MTD for ITSA tertiary legislation, highlighting some key areas where taxp...

View article
Accountants need “back-up from HMRC” in MTD ITSA transition

HMRC Accountants need “back-up from HMRC” in MTD ITSA transition

2y Sam Alberti

Accountants need “back-up from HMRC” in MTD ITSA t...

HMRC intends to atone for poor communications during MTD for VAT, a spokesperson said Read More...

View article
MTD ITSA planning must begin “as soon as possible” despite two-year buffer

MTD MTD ITSA planning must begin “as soon as possible” despite two-year buffer

2y Sam Alberti

MTD ITSA planning must begin “as soon as possible”...

Experts advise a highly structured approach to planning in order to achieve compliance on time Read More...

View article
Non-compliance risk for “laggards” as MTD for VAT lands

MTD Non-compliance risk for “laggards” as MTD for VAT lands

2y Sam Alberti

Non-compliance risk for “laggards” as MTD for VAT ...

Scepticism among the smallest businesses poses a key challenge for advisers Read More...

View article
Research suggests 2 out of 3 accountants expect to offer new services due to MTD for ITSA

MTD Research suggests 2 out of 3 accountants expect to offer new services due to MTD for ITSA

2y Sam Alberti

Research suggests 2 out of 3 accountants expect to...

But practices must also find a way to manage the increased workload Read More...

View article
Addressing the challenges of MTD for VAT

MTD Addressing the challenges of MTD for VAT

2y Prashant Ganti

Addressing the challenges of MTD for VAT

With Making Tax Digital for VAT changes due in April, Zoho’s Prashant Ganti discusses and addresses the challenges with these new measures Read More...

View article
Majority of accountants see MTD for ITSA as “growth opportunity”, survey finds

MTD Majority of accountants see MTD for ITSA as “growth opportunity”, survey finds

2y Sam Alberti

Majority of accountants see MTD for ITSA as “growt...

Both practices and clients must adopt new digital solutions to ensure they are MTD compliant by April 2024 Read More...

View article
MTD investment represents an “opportunity rather than burden” for SMEs

MTD MTD investment represents an “opportunity rather than burden” for SMEs

2y Sam Alberti

MTD investment represents an “opportunity rather t...

Research has shown a widespread scepticism among small businesses in the UK Read More...

View article
Get the latest analysis and reports delivered to your inbox daily