Last month, I provided an overview of our involvement in the Making Tax Digital (MTD) pilot to date, and the various streams of work we were undertaking to prepare. This month, I will cover an update on the progress, and why you should start thinking about engaging with clients, when the time is right. The pilot has […] … Read More
Last month, I provided an update on how Making Tax Digital (MTD) mandation in April 2023 may impact you and your clients. This month I will focus on what steps are happening at Thomson Reuters today to help prepare for the pilot. Onvio is our cloud product with capabilities around document management and collaboration, eSigning […] … Read More
The 2020 Self Assessment filing season was an unusual one. It started under lock down, with the challenges of remote staff working and receiving client information, and ended with a last minute extension. During it all, back in July, MTD (Making Tax Digital) mandation from April 2023 was quietly announced. At Thomson Reuters we have […] … Read More
Without insights into how long projects take to complete, how do you know where your biggest profits are generated? Here’s an analogy for you… Imagine having four pockets with money in (I know, increasingly unlikely in a cashless society, but for the sake of this analogy, bear with me). One of the pockets has a […] … Read More
We are living in a time of great change, and there is plenty of speculation about what the future of accountancy might look like. One of the things that we can be sure about is the importance that technology is going to have in the transformation of accountancy practices. To stay ahead of the competition, […] … Read More
There are many strategies you can follow to increase the profitability of your firm. Making a conscious decision of who you want to work with and only engaging with prospects that align well with what your firm offers is a great place to start. Fixed fees are the most efficient payment plan, and the type […] … Read More