Many accountants find the most challenging part of their chosen profession is pricing services to secure the best possible profit margin while keeping clients satisfied. The ongoing discussions with clients around fees and their expectations about service can be stressful and time consuming. Some accountants even prefer to maintain engagements with clients where they make no margin at all rather than have the difficult conversation about increasing fees or disengagement. At Initor Global we have helped hundreds of UK Practices reduce their costs with our modern outsourcing solution. Our servi ..read more

Accounting services have been revolving around emerging business trends, technological advancements, competitive scenarios, and dynamic environments. Bookkeeping trends need to update with a dynamic environment and embrace a cultural shift driven by varied determinants: A few trends are jotted below: Virtual workstations Employees are now no longer restricted to a determined physical workplace. The accounting industry is no longer an exception to this. Accounting firms have automated processes and installed high-tech software systems to mobilize business. Cost efficiency for the firms in main ..read more

If you are an accountant and control or process personal data about your clients, you will need to comply with the General Data Protection Regulation (GDPR) which became law in the UK on 25 May 2018. In the UK, the Information Commissioner’s Office (ICO) regulates data protection and can apply fines and sanctions to businesses (including accountants) who do not comply or who report a data breach. To comply with GDPR, an accountant will need effective data protection systems and up to date policies and procedures. GDPR is an EU regulation that codifies and aligns data privacy laws across Europ ..read more

If you are a UK Accounting Practice looking to improve the way you meet your clients’ company tax and VAT needs, you should consider outsourcing to a supplier such as Initor Global.  Initor Global has been providing company tax and VAT services to Accounting Practices across the UK since 2006. Our customers rely on us to provide fully compliant services. We have detailed knowledge of UK tax, professional accounting standards and frameworks, and data protection requirements. We have been listening to feedback from our customers on the reasons why outsourcing personal tax services, includi ..read more

If you are a UK Accounting Practice looking to improve the way you meet your clients’ company tax and VAT needs, you should consider outsourcing to a supplier such as Initor Global.  Many accountants do not know where to start when considering options for outsourcing company tax services. The services can include year-end company tax calculations and the preparation and submission of Form CT600, iXBRL tagged accounts and quarterly VAT returns to HMRC. This blog attempts to break down some of the barriers accountants perceive when considering outsourcing while providing examples of the ma ..read more

If you are a UK Accounting Practice looking to improve the way you manage the extreme peaks of work when helping your clients with their personal tax situation, and preparing their annual Self-Assessment Tax Returns (‘SATRs’), you should consider outsourcing to a supplier such as Initor Global.  Many accountants do not know where to start when considering options for outsourcing personal tax services, including the preparation of SATRs. This blog attempts to break down some of the barriers accountants perceive when considering outsourcing while providing examples of the many benefits whi ..read more

If you are a UK Accounting Practice looking to improve the efficiency of your year-end accounting processes, and the quality of services provided to your clients, you should consider outsourcing to a supplier such as Initor Global. Initor Global has been providing year-end accounting services to Accounting Practices across the UK since 2006. Our customers rely on us to provide fully compliant accounting services. We have detailed knowledge of UK tax, professional accounting standards and frameworks, and data protection requirements. We have been listening to feedback from our customers on the ..read more

If you are a UK Accounting Practice looking to improve the efficiency of your year-end accounting processes, and the quality of services provided to your clients, you should consider outsourcing to a supplier such as Initor Global. Many accountants do not know where to start when considering options for outsourcing year-end accounting services. This blog attempts to break down some of the barriers accountants perceive when considering outsourcing while providing examples of the many benefits which can be secured. What does outsourcing year-end accounting services mean for a UK Accounting Prac ..read more

If you are an accountant providing accountancy or company formation services, you will need to comply with the government’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017).MLR 2017 is subject to regular amendment and review. The Consultative Committee of Accountancy Bodies (CCAB) publishes and maintains comprehensive guidance for accountants on MLR 2017. CCAB reminds accountants they have a significant role to play in ensuring services are not used to further a criminal purpose and accountants must act with integrity, uphold t ..read more

If you are a UK Accounting Practice looking to improve the scope of services offered to clients, or a business looking to increase the efficiency of bookkeeping services, you should consider outsourcing to a supplier such as Initor Global. Initor Global has been providing bookkeeping services to Accounting Practices and other businesses across the UK since 2006. Our customers rely on us to provide fully compliant services in accordance with HMRC’s rules around eligibility of expenses, the UK VAT regime, professional accounting standards and frameworks, and data protection requirements. We hav ..read more