The trio start by looking back at the Accounting Excellence Awards 2024 after a successful night at the Roundhouse in London, where the most ambitious firms and individuals in the profession were celebrated.With the Budget less than two weeks away, Richard Hattersley examines the rumours and speculation surrounding what Rachel Reeves may announce o…

The government has launched a consultation on electronic invoicing to help improve productivity, reduce fraud and close the tax gap for businesses. Tom Herbert explains e-invoicing, what’s been announced and the next steps. Richard Hattersley looks into the Administrative Burdens Advisory Board (ABAB) survey results which revealed further criticism…

Tom Herbert’s busy schedule has taken him to NetSuite’s SuiteWorld in Las Vegas and Accountex North in Manchester. He talks about how they were, any similarities or differences and the big topics from the show floor. After a couple weeks off interrailing, Richard Hattersley returns to the podcast with some insights on dealing with unscheduled work …

This week’s podcast brings together four cloud accounting commentators to discuss the evolving role of technology in accounting, the varying adoption rates of cloud solutions, and the future of artificial intelligence in the industry. Recorded on location at Oracle NetSuite’s SuiteWorld conference in Las Vegas, AccountingWEB technology editor Tom H…

This week AccountingWEB is joined by Bradley Channer, CFO at UBIO and CIMA council member. Channer talks about how the managing director of Mineral Resources wanted to hold his staff captive all day, not wanting them to leave even for a coffee. The team shares their opinion, emphasising why workplaces need to be attractive for employees and what ac…

James Brackley, lecturer in accounting at the University of Sheffield and lead author of the Audit Reform Lab report on Birmingham City Council’s bankruptcy joins this week’s episode. Brackley chats about how behind the audits are for local governments, how it was allowed to get to this point and whether they can catch up. He takes a look at Birmin…

Gary Turner, the former UK CEO and co-founder of software giant Xero, has been appointed to the board of directors at Mazuma. The company’s co-founder and CEO Lucy Cohen joined us – alongside Gary – for a chat on how the appointment came to be, what accounting and tech firms can learn from each other, and whether there’s life left in the traditiona…

Sage’s AI research has revealed that the widespread adoption of AI in accounting and bookkeeping could add £2bn to the UK economy alongside 20,000 jobs in the long term. Tom Herbert looks at AI’s impact on accounting and the concerns accountants and bookkeepers have. With a new ICAEW president, Malcolm Bacchus, Matthew Ord shares their discussion o…

The AccountingWEB team dive right into Labour’s landslide victory last week, talking about Keir Starmer and the first female Chancellor, Rachel Reeves. They question whether Reeves will pause and take consultation from those involved in the industry. Tom Herbert discusses a popular topic, choosing the right software and apps. He explores the term ‘…

This week on the podcast, the AWEB team joined by Nimesh Shah, CEO of Blick Rothenberg does a deep dive into the election manifestos. With just a week until the election, Nimesh Shah reveals the reality of the Conservative, Labour and Liberal Democrat manifestos. The panel also gives mention to some notable initiatives from the Green Party and the …

Sukhinder Singh Cassidy, CEO of Xero, tells AccountingWEB technology editor Tom Herbert why the cloud accounting platform has shifted to a more focused approach, how accounting firms can take more risks, and what doing the books for her family’s business taught her about the profession. For full shownotes visit: https://www.accountingweb.co.uk/tech…

Richard Hattersley follows on from the previous episode of election talk by going through each party's manifestos and the tax promises they are pledging. The AccountingWEB team look at what’s missing and how the political parties expect to pay for these promises. We are joined by Tom Herbert live at Xerocon, giving us the inside scoop on the latest…

Richard Hattersley kicks off the podcast with the big news of the election. He explores what this means for accountants and tax agents and what we can expect to see over the next month as well as questioning how the political parties are going to fund their plans. After a busy conference season for Tom Herbert, he talks about the biggest trends he …

On another episode of No Accounting for Taste, Tom Herbert kicks off the podcast by sharing a few recent GovTech developments. These include the launching of an online voluntary NI payments tool, MTD Income Tax private beta testing going live and stories of agent accounts being frozen. Both Richard Hattersley and Matthew Ord this week look into wor…

With entries to the 2024 Accounting Excellence being open, Karen Kennedy, director at Kennedy Accountancy and Andrew Griggs, senior partner at Kreston Reeves join Richard Hattersley and Matthew Ord to talk all things accounting excellence. Kennedy Accountancy won last year’s New Firm of the Year Award and Kreston Reeves picked up the award for both…

Richard Murphy is a professor of accounting practice at Sheffield University Management School, a chartered accountant and an economic justice campaigner. He joins AccountingWEB for a new episode of No Accounting for Taste. Discussion begins on Labour’s plans to raise an extra £5bn a year by tackling tax avoidance. Murphy offers his take on whether…

After the Easter weekend, the AccountingWEB team joined for another episode of No Accounting for Taste. Tom zeroes in on HMRC matters, exploring their new One Login service, questioning why now and what impact this will have. He also delves into recent complaints lodged against HMRC after their letter to Devonports LAS accountants contained multipl…

AccountingWEB’s technology editor Tom Herbert is joined by experts Natasha Everard from Bewitching Bookkeeping and Bhimal Hira from Prysm Financial to share their insights into what's hot and what's not on the accounting technology runway in 2024. For full shownotes visit: https://www.accountingweb.co.uk/tech/accounting-software/whats-on-accounting…

The team discuss what they got up to at the Festival of Accounting & Bookkeeping (FAB), coming back together for another packed episode of No Accounting for Taste.Just before we hit record, HMRC made a sudden U-turn on the decision to make permanent cuts to the helpline. Matthew, Richard, and Tom delve into the ensuing chaos and the swift turnaroun…

On this week’s No Accounting for Taste, it’s all things Spring Budget. Chatting with Allica Bank’s Conrad Ford, Richard and Tom look at Jeremy Hunt’s “Budget for long-term growth”, questioning whether this was the pre-election Budget they were expecting.This session is sponsored by Allica Bank, who provides full-service banking for established busi…

Alongside Richard and Tom we welcome our new deputy editor, Matt who will be joining the No Accounting for Taste podcast.A big story this week was the U-turn made by the government regarding double-cab pickups. Richard looks at what happened and what this says about the government. With self assessment been and gone, HMRC provided Tom with some mor…

Join the AccountingWEB team as they talk about the deepfake CFO scam alongside all things post-self-assessment. An excerpt from this week’s Any Answers Live, discusses the highs and lows of busy season with Rebecca Williams and Claire Bartlett. With this year’s self assessment been and gone, and 1.1m taxpayers missing the deadline, Richard Hattersl…

Lucy Cohen joins the AccountingWEB team on the podcast this week to discuss the challenges of this year’s self assessment season, receiving a multimillion-pound investment in her firm and MTD ITSA testing. With just under a week to go before the self assessment deadline, and 3.8m taxpayers still needing to file, the AccountingWEB editorial team tal…

What does 2024 have in store for the accounting profession? Dan Heelan joins the AccountingWEB team to predict the big topics that will shape the year ahead.In this episode of No Accounting for Taste, the AccountingWEB team and Dan Heelan, a director at the accounting firm Heelan Associates, cast their eyes over the ongoing developments in the Post…

This week’s podcast rounds up the year that was 2023 in accounting tech, with guests Billie Mcloughlin and John Toon joining AccountingWEB tech editor Tom Herbert to discuss the impact of AI on accounting tech, what's going on with anti-money laundering technology for accountants, and how the gap between the tech haves and have notes is widening. F…

This year’s autumn statement couldn’t have been more different than last year’s. Back in November 2022, the Chancellor warned the UK of the “storm” of tax rises. But only 12 months later Jeremy Hunt was announcing cuts to employee and self employed national insurance and making the full expensing capital allowance scheme permanent in what he called…

With so much hype around how the current wave of generative artificial intelligence tools will change accountancy, comparatively little focus has been given to what accountants actually doing the job want or need from the new systems. AccountingWEB technology editor Tom Herbert hit the floor at the recent 2020 Innovation conference to find out what…

Dan Neidle joins the AccountingWEB team on the podcast this week to discuss his recent investigation into Property118, the Autumn Statement and tax complexity.Dan is the founder of Tax Policy Associates, a not-for-profit company, that aims to improve tax and legal policy and public understanding of tax. Before his work with Tax Policy Associates, D…

As the witching hour draws near (and we don't mean the Autumn Statement), AccountingWEB is joined by Glenn Martin, founder of Avery Martin to discuss some of his favourite nightmare-inducing experiences in practice. From dealing with ghoulish governmental bodies, to cursed clients, be prepared: you're in for a scare!Also on this week's spooky pod, …

the seemingly endless issue of late payments is one that's been covered extensively on AccountingWEB. Acting as a millstone round the necks of not only small firms and SMEs, but the wider UK economy itself, late payments are putting increasing pressure on businesses up and down the country.Yet, with the government moving to urge big businesses to p…

Last week, HMRC announced that the removeal of its 10-minute call waiting time target for the Agent Dedicated Line, as well as re-routing its PAYE calls. For the accounting community, the news was a depressing, yet unsurprising revelation, with many agents regularly finding themselves waiting for well over HMRC's previous target.For Richard Wild, h…

With so many time-saving tech tools available to the modern accountant, why is the profession busier than ever? What did Xero announce at their big Sydney summit? And what has HMRC done to agent VAT authorisation? Our panel of experts get to grips with these questions and more on the latest edition of our No Accounting for Tech podcast.Joining Acco…

With intense deadlines, demanding clients and the ever-lurking threat of fines dangling above your head, accounting can be a stressful profession to join. With the Any Answers community asking whether the pressure of the job is worth it, podcast guests Rachel Harris and Lucy Cohen sympathise with their fellow accountants. As the leaders of their re…

Once a staple on the UK highstreet, the ever-present retail giant has been subjected to a spectacular fall from grace after falling into administration last week.Citing supply chain issues and the cost of living crisis as main drivers for its downfall, Wilko's future remains uncertain as administrators continue to weigh up bids.While Wilko's collap…

As costs continue to rise across the board, it's no surprise that the age-old conversation of fee increases has resurfaced on AccountingWEB.In a recent episode of Any Answers Live, one viewer admitted that they had not increased their fees in over a decade, due in part to the fear of confrontation. Yet, in light of inflationary pressures, is this s…

HMRC's HMRC’s accounts, consultations, as well as it's annual Charter report has finally been released. Now that the dust has settled, the newly released documentation has been thumbed through by the AccountingWEB team to give you the lowdown on the tax authority's reports.To help us sift through the papers, we are joined by Glenn Collins, Head of …

As accountants feel the pressure over increased scrutiny of their AML reporting, the Treasury has tabled a new consultation that is set to overhaul anti-money laundering supervision as we know it.The Treasury have put forward four new ideas that could potentially reform the supervision of accountants and lawyers' compliance with money laundering re…

This week’s podcast picks through the bones of the blistering NAO report on Making Tax Digital in the company of Richard Wild from the CIOT and Andrew Burman from global tech firm Ryan. The panellists discuss the criticisms levelled against the tax transformation project and examine what can be done to get it back on the rails.…

After some expert sleuthing from our tech editor Tom Herbert, AccountingWEB discovered that the government's much-lauded 'Help to Grow' scheme, designed to small businesses adopt new technology, including accounting software, shut up shop hitting a paltry 1% of its sign-up targets.Costing the taxpayer around £30 million, many were left some firms u…

With the news that HMRC was closing its VAT helpline on the 22nd May, a mere five days after its announcement, the AccountingWEB community were unsurprisingly incensed about the decision. And with the date of the closure spotted to be a whole year out of date, accountants are beginning to feel a "sense of chaos" from HMRC. On this week's episode, R…

Two accounting tech specialists join AccountingWEB technology editor Tom Herbert this week to discuss the themes running through the recent software conference season, with the biggest undoubtedly being the explosion in artificial intelligence tools available for accountants.द्वारा AccountingWEBUK

On this week's podcast, the AccountingWEB editorial team discusses ICAEW's letter to HMRC urging the tax authority to consider "fresh thinking" over the much-maligned MTD ITSA, and they round up the latest updates and announcements from the accounting tech vendors. Due to a delay from HMRC earlier this year in introducing MTD ITSA, many believed th…

Richard Hattersley and John Stokdyk discuss the growing emphasis accountancy firms are putting on recruitment, employee engagement and training and development.After looking at client service and process, the AccountingWEB team explores the Accounting Excellence pillar that ensures the practice runs smoothly - people. In many ways, this is the most…

The number of e-commerce businesses launching in the UK continues to rise dramatically, meaning that demand for e-commerce accounting services is also at an all-time high. However, many accounting firms are struggling to tackle the unique challenges posed by the sector, citing messy data, knotty compliance issues such as VAT and Brexit, and a pleth…

On this week's episode, the AccountingWEB team discusses the growing burden of anti-money laundering regulations, GoSimpleTax's acquisition of Coconut and are later joined by Will Farnell to discuss the philosophy of the human-led firm.With regulators ratcheting up fines and accountants struggling to keep up, tightening AML regulations continue to …

This special episode of the podcast explores the latest trends in accounting software, and how for many firms thoughts have now turned to how to streamline practice processes, chase late clients more efficiently or boost firm revenues. For full details visit the show page here: https://www.accountingweb.co.uk/content/no-accounting-for-tech-ep14-wha…

Just before the Easterweekend, it was reported that HMRC have decided to restrict the Agent Dedicated Line from April 17.The controversial move by HMRC highlights yet another example by the tax authority to transition towards its 'digital by default' vision of nudging agents towards online services.Yet, what does this mean for tax agents still rely…

Richard Hattersley and John Stokdyk are back once again with a brand new episode of Secrets of Accounting Excellence. This week's episode shines the spotlight on process and efficiency, an area filled with opportunity for the ambitious firm. Whether it's implementing tools to boost efficiency, or striving for continuous improvement amongst their te…

On this week’s podcast FreeAgent CEO Roan Lavery tells AccountingWEB tech editor Tom Herbert about his part in the company’s growth from a side project into a major player in the cloud accounting industry and where he believes the vendor’s future direction lies.द्वारा AccountingWEBUK

News of an unnamed OnlyFans creator who claimed cosmetic dental work and breast implants as a business expense created a media storm last week. One newspaper raged, ‘close 'loophole' that lets OnlyFans stars get tax breaks’. But there is more to this story than the headlines led you to believe. Today on the show we speak to Rachel Harris, the accou…