The move to the UK’s foreign income and gains (FIG) regime has significantly expanded the number of clients requiring specialist tax advice. For firms working with internationally mobile clients, the challenge is no longer understanding the rules but applying them consistently, accurately and at scale. This article explains how to assess eligibility, manage reporting requirements […] … Read More
Manual data entry and repetitive compliance tasks continue to absorb valuable time across many accountancy practices, creating inefficiencies that can scale as client workloads grow. Overcoming these long-standing workflow challenges often requires a shift away from traditional processes towards more integrated, technology-led approaches. That’s where the right tools can make a meaningful difference. Accounting workflow automation […] … Read More
Making Tax Digital (MTD) for Income Tax submissions now take a few minutes. But the efficiency didn’t just come from the filing step. The MTD for Income Tax pilot ran the regime under real deadlines, real client data, and live HMRC interaction. What emerged was clearer than any guidance document could show: managing quarterly submissions across […] … Read More
FRS 102 is undergoing its most significant update since it was first introduced. In March 2024, the Financial Reporting Council (FRC) issued amendments to FRS 102 and other FRSs following the conclusion of its second periodic review. Most changes take effect for accounting periods beginning on or after 1 January 2026, with early adoption permitted […] … Read More
HMRC mandates MTD-compatible software for quarterly and annual submissions for those with a qualifying income over £50,000 from April 2026. Thomson Reuters offers complete MTD functionality with internal calculation engines and agent flexibility. Ten critical questions help practices evaluate MTD software providers for compliance. Following HMRC’s Spring Statement 2025 announcement that MTD mandated taxpayers […] … Read More
ACSP enforcement actions signal decisive regulatory shift for UK accountants HMRC and Companies House have issued 77 enforcement actions against non-compliant filing agents. Spring 2026 deadline makes ACSP registration mandatory for all professional company filings. Modest ACSP registration to date despite over 5.4 million UK companies requiring filing services. In an unprecedented move, HMRC […] … Read More