No Accounting for Taste ep176: TaxCalc sold, ICB summit and Metro Bank fined

AccountingWEB

Kicking off the podcast is news that TaxCalc has landed a major investment from private equity firm Symphony Technology Group (STG). Tom Herbert discusses TaxCalc’s history, what we know about STG, what’s next for TaxCalc and the state of the accounting software market. Richard Hattersley shares tales from his time at the Institute of Certified Bookkeepers (ICB) Summit. He tells all about how the event was, some of the big headlines like MTD, its focus on the future and what this means for bookkeeping. Lastly, Matthew Ord reveals some anti-money laundering (AML) woes, specifically Metro Bank which has been hit with a £16.7m fine for failing to monitor potential AML activities. The team questions why companies are still not using the right processes and procedures.