Plenty of MTD tools look impressive on the surface but fewer hold up once you run a real practice and clients through them. The market for MTD recognised software has grown sharply since Making Tax Digital for Income Tax was mandated this year. There are now more than 100 products vying for attention, and more […] … Read More
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
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
Companies House fraud protection has become critical as fraudsters increasingly target UK businesses with sophisticated scams. With digital identity verification launching, cybercriminals are developing advanced methods to circumvent protective measures. This comprehensive guide provides essential fraud prevention strategies, helping you identify deceptive communications and implement robust compliance measures to protect your business integrity. Jump to […] … Read More