Making Tax Digital

MTD: The story so far

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

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Regulation

MTD is so much more than mere compliance
MTD

MTD is so much more than mere compliance

8m Rachael King

MTD is so much more than mere compliance

Discover how financial management software empowers accountants to elevate their advisory role, driving strategic business growth and operational exce...

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Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined tax system
HMRC

Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined ...

9m Accountancy Age

Embarking on modernisation: HMRC launches MTD ITSA...

HMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...

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HMRC admits MTD will be costly for landlords
HMRC

HMRC admits MTD will be costly for landlords

10m 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....

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Making Tax Difficult: MPs raise concerns about HMRC
MTD

Making Tax Difficult: MPs raise concerns about HMRC

1y Accountancy Age

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 ...

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

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

2y 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...

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MTD: The story so far
MTD

MTD: The story so far

1y Sam Alberti

MTD: The story so far

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

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WATCH: Scepticism growing towards MTD for ITSA
HMRC

WATCH: Scepticism growing towards MTD for ITSA

1y 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...

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MTD for ITSA: Questions your clients might be asking
MTD

MTD for ITSA: Questions your clients might be asking

2y Institute of Financial Account...

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...

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

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

2y 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...

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

MTD for income tax – what’s going on?

3y Emma Rawson

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...

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Technology

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

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

11m Accountancy Age

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...

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

What should accounting technology providers learn from the Post Office Hori...

11m 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...

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

BDO launches new AI platform 'Personas' to streamline operations

11m Accountancy Age

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...

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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 pr...

1y 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 ...

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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

1y Accountancy Age

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...

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Leveraging technology for effective AP audit trails
AP

Leveraging technology for effective AP audit trails

1y Accountancy Age

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...

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Is transitioning to the cloud the right decision?
Cloud

Is transitioning to the cloud the right decision?

1y Accountancy Age

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...

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Harnessing technology to attract and retain talent in accounting
Skills

Harnessing technology to attract and retain talent in accounting

1y Accountancy Age

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...

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Mastering business intelligence software
Practice

Mastering business intelligence software

1y Accountancy Age

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...

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Embracing the cloud: A new era for accounting
Cloud

Embracing the cloud: A new era for accounting

1y Accountancy Age

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 ...

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Embracing artificial intelligence: A new era for accountants
Skills

Embracing artificial intelligence: A new era for accountants

1y Accountancy Age

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...

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

Mastering data analytics: A game-changer for accountants?

1y Accountancy Age

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...

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Challenges and implications

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

MTD: A chance for accountants to show their worth

2y 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...

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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...

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MTD for ITSA – more questions than answers
MTD

MTD for ITSA – more questions than answers

2y Emma Rawson

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...

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

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

3y 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...

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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

3y 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...

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

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

3y Sam Alberti

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

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

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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 t...

3y 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...

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Addressing the challenges of MTD for VAT
MTD

Addressing the challenges of MTD for VAT

3y 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...

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

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

3y 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...

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

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

3y Sam Alberti

MTD investment represents an “opportunity rather t...

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

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