Revolutionary technology like blockchain will drastically alter the role of accountants, meaning they will become “the digital detectives of tomorrow”, according to industry speaker and author Ian Khan. “This is the next frontier,” he said, speaking at Accountex last week, in London. “Technology is the next frontier. If you don’t know about technology, don’t know […]

Continue Reading Accountants must embrace blockchain to thrive

The new era has begun: Making Tax Digital is live. The next step is to start preparing for the first digital submission, which for many will be in July or August. The priority for you and your clients alike is to concentrate on implementing best practice processes from the start. The real thing Your practice […]

Continue Reading MTD is here – Now what?

Deloitte’s India arm is expected to be banned from trading for 5 years over its role in the scandal at Infrastructure Leasing and Financial Services (IL&FS), according to reports by news agency IANS this week. The Indian government is considering banning Deloitte under Section 140 (5) of the Companies Act, IANS reported. The order allows […]

Continue Reading Will Deloitte get 5-year ban in India?

The UK’s SMEs today operate in one of the most uncertain periods of recent history. It was therefore no surprise two thirds (64%) of UK SMEs said they feel concerned about policy, law and regulatory change, according to a 2019 study by American Express and Oxford Economics. Running a small or medium sized business is […]

Continue Reading Three ways SMEs can get ahead of the competition in times of economic uncertainty

Speaking at Accountex, Jennifer Warawa was quick to remind accountants that the pace of change in the industry will only increase from now on. That’s bad news for those who have already found the pace too fast – but exciting for anyone who is keen to take advantage of the transformation being wrought by technology […]

Continue Reading ‘A lot of businesses don’t even know about all the services which their accountant provides’

I never thought I would quote Prince (or Artist formerly known as Prince…or whatever) in an accountancy article but here goes. “Ownership. That’s what you give your kids. That’s your legacy”.  This hits the spot for the dilemma that directors of owner-managed businesses face where it is often difficult to distinguish between their personal affairs […]

Continue Reading Wearing the right hat in transactions between directors and companies