With over 150 years of trusted content knowledge and expertise in global trade, compliance, and regulatory requirements, Thomson Reuters understands that maintaining an impeccable corporate governance record in today’s complex environment is extremely challenging, and mistakes can be very costly. The rapid increase in accessible data across disparate and unconnected systems makes keeping track of […] … Read More

In today’s rapidly evolving financial landscape, open banking has emerged as a game-changer, revolutionising the way financial institutions operate and interact with their customers.  Particularly prominent in the UK, open banking signifies a modernised method of sharing financial information and services through standardised APIs. It encourages collaboration and competition in the financial sector, giving customers […] … Read More

Over the past decade, major advances in accounting information technology have opened up opportunities for accountants to turn their focus from time-consuming, manual tasks to data analysis, tax strategy, and predictive insights. This profound shift has created a pathway to improving operational efficiency, seamlessly achieving compliance, and fostering more meaningful relationships with clients. Today’s accountants must […] … Read More

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organised, improve operational efficiency, identify areas for improvement, and help you manage growth over time. As technology changes the accounting world, it’s more […] … Read More

When McKinsey & Company asked 5,000 executives how much more productive they are during peak performance, most respondents said it was five times more. Flow, in positive psychology, is a state of mind when a person is immersed and engaged in an activity. In other words, it’s being “in the zone.” There are many benefits […] … Read More

Increasing profitability is a fundamental part of growing and maintaining a business. For small and mid-sized tax and accounting firms, there are plenty of ways to do so. Whether you want to increase overall sales and revenue, decrease expenses, or a bit of both, 8 strategies to increase profitability are explored below. 1. Create a […] … Read More