As technology advances, so too does the reality of tax authorities wanting to drill into an organisation’s indirect tax processes to assess its compliance and controls. Failure to comply with tax legislation and demonstrate adequate controls can have a range of consequences, including penalties levied by authorities. Having end-to-end value-added tax (VAT) compliance software for […] … Read More

According to the European Commission, EU countries lost an estimated €140 billion in value-added tax (VAT) revenues in 2018. It’s an astounding amount of money, yet through the introduction of digital tax reporting, many tax authorities have started to make positive inroads into recouping VAT payments from businesses. Whether these VAT losses are down to […] … Read More

The final deadline to be ready for HMRC’s Making Tax Digital (MTD) for VAT is rapidly approaching in April 2021. Perhaps you are only looking to comply by updating processes and digitalising the transactions needed that add up to make your UK VAT returns. However, many companies are choosing to take a longer-term view and realise that this is […] … 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

We’re almost half-way through 2020 and what a year it’s been so far. While many businesses have spent months and, in some cases, years trying to digitally transform their operations and practices, COVID-19 has acted as an accelerant like no other, forcing companies, willingly or not, into the 21st century. Business leaders and managers have […] … Read More