99% of accountants using AI to boost efficiency and client services
Technology

99% of accountants using AI to boost efficiency and client services

1y Rachael King

99% of accountants using AI to boost efficiency an...

Demand for a full spectrum of services is driving accountants to rely on technology to stay ahead of the curve, according to new research from Intuit ...

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UK economy improving, but no quick fixes for the next government
Economy

UK economy improving, but no quick fixes for the next government

1y Jonathan Ashworth, Chief Economist, ACCA

UK economy improving, but no quick fixes for the n...

2023 was a challenging year for the UK economy, which expanded by just 0.1%, and experienced a technical recession in the second half of the year. Adm...

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Automate and accelerate the AML and KYC process using technology
Security

Automate and accelerate the AML and KYC process using technology

1y Rachael King

Automate and accelerate the AML and KYC process us...

Accountancy practices are facing increasingly stringent Anti-Money Laundering (AML) regulations, and while these regulations aim to combat financial c...

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New paths to productivity through AI
AI in Accounting

New paths to productivity through AI

1y Peter Spence

New paths to productivity through AI

One of the key goals of good management accounting is generating productivity gains. AICPA & CIMA’s Associate Technical Director Peter Spence outlines...

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Private equity + accounting: An equation waiting to be solved
Mergers And Acquisitions

Private equity + accounting: An equation waiting to be solved

1y Rachael Kennedy

Private equity + accounting: An equation waiting t...

Private equity firms have recognised the potential of accounting firms as lucrative investment opportunities due to their stable revenue streams, rece...

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Navigating remote work and tax efficiency with EMI options
Skills

Navigating remote work and tax efficiency with EMI options

1y Accountancy Age

Navigating remote work and tax efficiency with EMI...

The recent shifts towards remote work have introduced significant challenges for businesses, especially regarding corporate tax and legal implications...

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Q&A: Forvis Mazars’ UK CEO on being the new disruptor on the block
Mergers And Acquisitions

Q&A: Forvis Mazars’ UK CEO on being the new disruptor on the block

1y Rachael Kennedy

Q&A: Forvis Mazars’ UK CEO on being the new disrup...

It is not every day that a new player storms onto the global professional services scene with the gusto of a rock star. But that is precisely what hap...

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Accountancy people moves: May 2024
Company News

Accountancy people moves: May 2024

1y Accountancy Age

Accountancy people moves: May 2024

Each month, Accountancy Age delivers a comprehensive update on the key people moves and promotions that have taken place among the UK accountancy mark...

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The rising tide of hedge accounting: Navigating financial risks in an uncertain world
Corporate Finance

The rising tide of hedge accounting: Navigating financial risks in an uncer...

1y Kern Roberts, MD and Global Practice Accounting Lead, Chatham Financial

The rising tide of hedge accounting: Navigating fi...

In an era marked by unpredictable financial landscapes and heightened risk, companies are increasingly turning to hedge accounting as a vital tool to ...

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R&D regime changes call for diligence
R&D

R&D regime changes call for diligence

1y 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

1y 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

1y 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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Forvis Mazars launches $5 billion global network
Accounting Firms

Forvis Mazars launches $5 billion global network

1y Rachael King

Forvis Mazars launches $5 billion global network

Two leading professional services firms, Mazars, an international partnership operating in over 100 countries and territories, and FORVIS, a top ranke...

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UK government outlines new timeline for sustainability disclosures
CSR

UK government outlines new timeline for sustainability disclosures

1y 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

1y 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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What's going on at Grant Thornton?
Mergers And Acquisitions

What's going on at Grant Thornton?

1y Accountancy Age

What's going on at Grant Thornton?

Grant Thornton has announced the layoff of 350 employees, equating to approximately 3.5% of its U.S. workforce. This latest round of job cuts comes on...

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Are high street banks really restricting cash for SMEs?
Consulting

Are high street banks really restricting cash for SMEs?

1y 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?

1y 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

1y 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?

1y 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

1y 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

1y 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-...

1y 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

1y 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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Rumours of pre-election Finance Bill propose potential tax cuts
Budget

Rumours of pre-election Finance Bill propose potential tax cuts

1y Rachael King

Rumours of pre-election Finance Bill propose poten...

As the UK gears up for a general election on July 4th, speculation is mounting about a possible finance bill that could be introduced in the final day...

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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 ...

1y 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...

1y 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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