The first pilot for the Making Tax Digital (MTD), Income Tax Self-Assessment (ITSA), begins on 22 April 2024. Here’s what businesses, landlords and accountants need to know, and how they can prepare for the upcoming changes. In the coming years, we’ll be stepping into a new era of tax filing, one marked by a shift from traditional paper-based processes to a digital-first approach. HMRC’s MTD initiative is at the heart of this transformation, aimed at addressing inaccuracies that previously resulted in substantial losses to the exchequer, estimated at £8.5 billion for the fiscal year 2018/19 ..read more

The global economic playing field is undergoing a significant shift. As a result, the way companies approach offshoring is likely to be fundamentally transformed. This transformation is being driven by four key factors that are leading to a surge in offshoring activity. Developments in technology: Recent progress in technology has made offshoring a practical and budget-friendly option for many businesses. Almost any computer-based task can be completed anywhere. The use of mobile work tools, vast data analysis and cloud storage will lead to even more offshoring in the future. Globalisation ..read more

Learn more about Xbert, first-time exhibitors at Accountex London… What do Xbert do?  XBert is an AI-Powered Work Intelligence system that monitors both the data quality in Xero QBO Myob data entry and your teams workflow, ensuring team efficiency and accuracy. Practice Analytics to onboard and price clients, and to understand ledgers under management. Manage information and link to smarter workflows and client portals to gather information with ease. How did you get started?  XBert was founded by Troy Brown and Aaron Wittman out of the ashes of a business that unfortunately had to ..read more

Concerns about data security, regulatory compliance and potential disruptions during the migration process shouldn’t prevent a move to the cloud. For most accounting practices, the move to cloud-based solutions is increasingly looking inevitable. As the tax landscape becomes more digitised, advisors are acutely aware of the need to leverage technology to maintain a competitive edge and stay relevant in the market. The role of the accountant is evolving alongside a growing awareness surrounding the new opportunities that cloud-based digital transformation can deliver. Some accounting firms may ..read more

Global employment management and payroll platform, Employment Hero, has announced the acquisition of Employment Innovations, one of the largest managed payroll providers in the world. Through this strategic acquisition, Employment Hero, who were the first technology company to offer automated payroll in the UK, will provide a service that streamlines the entire payroll process, meaning accountants and bookkeepers are able to spend less time running payroll and more time providing analysis and advice to their clients. Processing wages is cited as one of the most time-costly processes with the ..read more

Chaser, the leading credit management automation platform, announces a new integration with Microsoft Dynamics 365 Business Central (MS Dynamics), an all-in-one business management solution for small to midsize companies, empowering businesses to effortlessly manage their accounts receivable process, by using automation and AI.  MS Dynamics is designed for small-medium enterprises to help them manage their finances, operations, sales, and customer service and is popular worldwide. This innovative integration streamlines credit management for small to midsize enterprises using MS Dynamics ..read more

Introducing Jo, the Managing Director of JE Consulting. Jo is a visionary leader in strategic marketing and client engagement and has over 35 years practical marketing experience working with a wide range of firms across the UK, both large and small.  She has a particular specialism in preparing and delivering digital and social media strategies to clients. How did you get into the profession? I originally started my career in the software industry supporting accountants in practice back in 1983 – the early days of software for annual accounts and tax! In 1998 I started JE Consulting usi ..read more

CIPP’s CEO, Jason Davenport, believes that now’s the time to invest in your payroll departments! ‘With legislation changing every year, it is essential to ensure your payroll team is qualified and their skills are up to date’ he said in March’s Manufacturing Today magazine. He goes onto to say ‘There are a lot of businesses out there that may not be compliant, not deliberately so, just by virtue of not understanding how and when to apply the rules. Investing in educating staff mitigates the risk of non-compliance and expensive mistakes.’ Supporting businesses and professionals with this is th ..read more

New trends and technologies are revolutionising the field of accounting. Gone are the days of financial experts crouched over dusty ledgers or spreadsheets, crunching numbers. Today’s accountants wholeheartedly adopt innovative tools like accounting software, automation, and blockchain technology. Let’s take a closer look at the latest trends redefining the accounting industry. Transforming everyday tasks with automation The future of the accounting industry is set to be revolutionised by advancements in artificial intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML ..read more

Come and say hello to our team and see how the CIPP can support you and your team. Plus, we have an unmissable offer for Accountex delegates over the two-day event. Sign up for a CIPP membership on our stand and we will waiver the sign-up fee of £50 plus you will receive a free gift that supports your day-to-day! Membership with the CIPP also offers you great benefits such as our monthly magazine, discounts on training courses, free events throughout the year and of course, calls to our knowledgeable Advisory team on any payroll queries you have. During Accountex, make sure you stop by stand ..read more