3 soft skills that can lead to future success for your practice
There have been numerous buzzwords floating around the accountancy industry in 2023, such as automation, AI (artificial intelligence), and digital transformation. It’s clear it is developing rapidly...
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How your accountancy practice can become a Human Firm now
The accountancy practice of the future is all about people. But why not take steps to make that happen now? Digital used to be used as a differentiator. However, every practice will eventually end up...
View ArticleHow to make Self Assessment less stressful for your practice
The Self Assessment tax return season, running up to the deadline of 31 January, is one of the busiest and most stressful times for accountants. There are many things you can do to make this period...
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What HMRC digital platform reporting rules mean for online sellers
Are you an online seller? HMRC has introduced new rules that affect anyone who sells items on sites such as eBay, Vinted, Etsy or Depop or people who rent out their homes on Airbnb and other similar...
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How the Core Identity Framework can help to combat identity fraud
In an era propelled by rapid digitalisation, the traditional approaches of in-person meetings and physical document validation are progressively less popular among businesses to verify a client’s...
View ArticleHow accountants can help clients access funding for their businesses
One of the most critical factors for a business looking to grow and scale is its ability to secure adequate funding. Your strategic advisory role as an accountant has never been more important. You...
View ArticleEU AI Act: What the artificial intelligence laws mean for businesses
Artificial Intelligence (AI) is not just about innovation—it’s a fundamental business driver. The European Union (EU) believes AI needs better conditions for its development, so it’s setting a new...
View ArticleCompanies House reforms: What’s changing and how to help your clients
Incoming Companies House reforms will create multiple challenges for your small business clients, and could even persuade some to disincorporate. But that gives your accountancy practice an...
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3 ways accountants can use AI to free up time for client work
Generative artificial intelligence (AI) tools such as ChatGPT or DALL-E are still no match compared to humans when it comes to accounting. Achieving only a 47.4% in its accounting exams, it seems...
View ArticleHMRC removes VAT for Agents from Online Agent Authorisation service
HMRC has announced changes to the Online Agent Authorisation service that will affect you and your VAT clients. The removal of VAT for Agents from the service means you may have new processes to...
View ArticlePostponed VAT accounting: How it works for businesses importing goods into...
Since 1 January 2021, businesses registered for VAT that import goods into the UK from anywhere in the world can use a new system called postponed VAT. This lets them account for the VAT on their VAT...
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Trust as a differentiator: How to build reliable AI tools for customer success
Artificial intelligence (AI) is revolutionising the way the accounting industry works. It’s elevating human performance by taking on the burden of repetitive but required tasks, and by accelerating...
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5 AI-powered tools to help accountants speed up processes and support clients
Artificial intelligence (AI) is changing the face of human capability as we know it. At first, AI tools were basic software models used for things like image recognition, object identification,...
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Winning attitude: 7 sporting lessons to give your business a competitive edge
After trading tries, England and Scotland are neck and neck. Scotland’s Duhan van der Merwe receives the ball in his own half. Gazelle-like, he dances past tackle after tackle as he charges toward the...
View ArticleSpring Budget 2024: What the announcements mean for your business
The government has proclaimed 2024 “the year of the SME”. And while its Spring Budget brings some welcome help to small and medium-sized enterprises (SME), it also brings changes that need a swift...
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Want AI and automation for your practice? Here’s what you need to know
Do you want to use artificial intelligence (AI) and automation for your practice? In 2018, when Sage commissioned research for the Power of Now report, 66% of accountants would invest in AI if it...
View ArticleWhat the VAT registration threshold rise means for businesses
The VAT turnover threshold is the sales limit that determines whether a business is required to register for VAT with HMRC. It’s vital for accountants and small businesses alike to understand the VAT...
View ArticleNew tax year: Key changes and initiatives for 2024/25
As the UK election draws nearer, the Chancellor has introduced a swathe of changes for the new tax year in April 2024. Many of these will impact small business owners and the self-employed, and...
View ArticleCash basis changes in 2024: How accountants can support their clients
The UK government ran a consultation during 2023 on the cash basis rules as part of its wider focus to simplify tax for small businesses. Prior to April 2024 and the new tax year, more than 66% of...
View ArticleHow National Insurance has changed in 2024
Following announcements by the government, there are changes in National Insurance occurring in 2024 for both employees and those who are self-employed. In this article, we detail the changes, and...
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