The accounting profession faces a severe talent crisis. CFOs report significant gaps in their finance teams, with 84% struggling to find qualified staff. The crisis has grown so severe that 90% of finance leaders now outsource their accounting work. ...
Stay Ahead of the Game: Ensure Accuracy with Our VAT Return Checklist
In the high-stakes world of tax practices, accounting firms, and consulting firms, staying ahead of the curve is crucial for maintaining efficiency and ensuring compliance. One area that requires meticulous attention is the VAT return process. Error ...
Payroll Pitfalls: The Financial Impact and How to Avoid Them
Introduction Payroll errors are a pervasive issue in the accounting industry, with significant implications for businesses both in the UK and globally. These errors can lead to financial losses, employee dissatisfaction, and regulatory penalties. ...
Harnessing the Influence of Microsoft Power BI in Accounting
In today's modern business environment driven by data analytics, the role of technology in accounting continues to develop. One tool that has gained significant traction in recent years is Microsoft Power BI. Let's explore what Power BI is, its feat ...
Demystifying Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA)
Welcome, accounting superheroes! Are you prepared to navigate the realm of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA)? If you find yourself bewildered by the acronyms, fear not. This blog is your informative companion, ready to u ...
Feeling the HMRC heat? Proactive Strategies to protect your Clients & your Firm too
Are the words "HMRC audit" enough to send a shiver down your spine? You're not alone. HMRC audits are on the rise, leaving many accounting firms and their clients scrambling. But don't panic! There's plenty you can do to protect your clients and you ...
Spring Budget 2024: Economic projections & Impact on accounting professional
The UK's Spring Budget 2024, recently announced by Chancellor Nigel Huddleston, marks a pivotal moment in the nation's fiscal direction. Against the backdrop of recent economic challenges, including the COVID-19 pandemic and geopolitical uncertainti ...
March is Leading Month for Marriage Allowance Claims
As the end of the tax year approaches, couples in the United Kingdom have an opportunity to enhance their financial well-being through the Marriage Allowance scheme. This initiative, overseen by HM Revenue and Customs (HMRC), empowers married couple ...
Have you contemplated paying attention to 15 accounting trends in 2024?
To understand the significant changes happening in the accounting field, take an evaluation at the recent updates to the CPA exam. The well-established licensing standard, in use for over a century, has now shifted its focus. The emphasis is on gras ...
Accelerate Your Firm’s Growth: Unveiling Key Insights into Finance and Accounting Outsourcing
Staying ahead of the curve requires strategic decision-making and informed insights. As the Finance and Accounting Outsourcing (FAO) market continues to evolve, understanding the latest trends, growth projections, and competitive dynamics is essenti ...