We all use social media, smart phones and internet banking on a daily basis. Once revolutionary, app and cloud technology has now crept into our everyday lives to become the norm. This global transition is driven by our need for interconnectivity and mobility. Behind the scenes, networks of data gathering sensors and machine-to-machine communication are […] … Read More
Wondering about the impact of GDPR on accountants? Compliance with the EU General Data Protection Regulation (GDPR) from 25 May 2018 requires significant changes to how accountancy firms handle client data to complete jobs, such as tax returns and processing financial records, as well as data used for marketing purposes. … Read More
Accountants are now using a new method to file and update their clients’ PSC Register at Companies House, due to legislative changes from June 2017. This information must be kept up-to-date to avoid breaching new Anti-Money Laundering (4MLD) regulations. … Read More
There’s no doubt that social media for accountants is essential to stay ahead in today’s online market. Many of your potential clients spend large portions of their day online, so missing the chance to be seen by them with relatively little work would be a wasted opportunity. … Read More
On 13th July 2017, accountants welcomed the deferral of Making Tax Digital (MTD). So surely this means you can think about the extra workload for another year or two? In short, the answer is simply no. As Tax Product Manager for Thomson Reuters, I explain why in our latest on-demand webinar. I stress that MTD […] … Read More
On 13 July 2017, the Treasury confirmed delays to the Making Tax Digital (MTD) timetable. The new timeline shows that only businesses with a turnover above the VAT threshold (£85,000) will need to keep digital records and will come under MTD in 2019, with other businesses coming under MTD in 2020. … Read More