Tax & Accounting Blog

5 ways accountants can save time with better email management

5 ways accountants can save time with better email management

It may be one of the oldest digital technologies in existence, but there’s no denying that the business and accounting worlds still heavily rely on email. The incredible power of email lies in the fact that it’s fast, free, and accessible to practically anyone. Unfortunately, this is also its greatest downfall, as the internet is […] … Read More

4 steps to evaluate and improve your firm’s accounting software

4 steps to evaluate and improve your firm’s accounting software

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

Increasing productivity and flow in tax and accounting firms

Increasing productivity and flow in tax and accounting firms

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

8 ways small and mid-sized accounting firms can increase profitability

8 ways small and mid-sized accounting firms can increase profitability

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

How myths about the cloud are hurting your firm

How myths about the cloud are hurting your firm

We’ve all heard the myths about cloud tax and accounting solutions, including the intimidating theories that the cloud is not secure, expensive, complicated, or not up to compliance standards. Plus, as accountants, we tend to get comfortable with the on-premise, perhaps outdated software we’ve already implemented. However, the state of the tax and accounting industry […] … Read More

Is your e-commerce business ready for the new Import One-Stop Shop EU VAT rules? Tips for tax compliance

Is your e-commerce business ready for the new Import One-Stop Shop EU VAT rules? Tips for tax compliance

If you are a business-to-consumer (B2C) e-commerce organisation supplying goods that will be imported into the European Union (EU), then you should already be aware of the Import One-Stop Shop (IOSS) rules that came into effect on 1st July 2021, marking an overhaul of the indirect tax regime across the union. These new rules remove […] … Read More