Tax & Accounting Blog

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

The cost of doing nothing: Why under-resourced tax departments face higher penalty risks,and how to avoid them

Highlights Under-resourced corporate tax departments are 50% more likely to incur penalties due to a reactive workflow, which also leads to missed tax optimisation opportunities, compromised forecasting, and ironically, higher external support costs. To mitigate risk, tax leaders can use report data to build a business case for investment, prioritise technology for compliance and automation, […] … Read More

On Compliance – what does good risk management look like?

On Compliance – what does good risk management look like?

This month’s pun-tastic podcast focuses on a topic relevant to business owners across every sector. Risk management is particularly significant to accountants due to compliance issues such as MTD and GDPR. AccountingWEB ask two top UK accountants how they have effectively implemented risk management strategies within their practices. Lucy Cohen, co-founder of Mazuma Accountants and […] … Read More