Extreme Finance

Giving managers more respect and a challenging project is as powerful as improving their work-life balance, according to research by executive mentors Rutbusters. The research studied the opinions of 1,000 senior managers, business owners, professionals and executives and perhaps unsurprisingly found that 84% of managers believed that higher pay or a promotion would increase their […]

Continue Reading Give managers important work and respect to end “back-to-work-blues”

Investment of $1bn in automation and blockchain projects helped EY achieve record global revenues of $36.4bn in their 2019 report, showing the growing importance of technology in the profession. These new projects have seen EY transform traditional services and launch new offerings of intelligent technologies and digital solutions, while also increasing the number of blockchain […]

Continue Reading Growth of technology projects helps EY post record global revenues

HMRC’s yield from inquiries into wealthy individuals in 2018/19 boosted in comparison to the previous year – hitting £1.8bn. The year 2017/18 generated a yield of £1bn from compliance activities in relation to wealthy individuals. Following the leak of the Panama Papers, compliance checks led by HMRC had risen, generating an increase in government revenue. […]

Continue Reading HMRC’s yield from investigations into wealthy individuals hits record

Thanks to digitalisation, not to mention regulatory changes, the global tax ecosystem is changing – fast and now. Technology offers tax administrators plenty of promised benefits. The likes of cloud computing, machine learning, AI, robotics and automation promise to make compliance yields better and close tax gaps. However, at the same time technology changes are […]

Continue Reading What does the future hold for tax professionals?

Record keeping and tax reporting are now required to be digital, thanks to MTD. How are you getting on with it? Instead of grumbling and resisting the changes that are being forced upon you (and your clients), is there a way to make it the catalyst to a more efficient and profitable accounting firm? In […]

Continue Reading Four key steps to moving your accounting practice online

In a recent research led by Reuters, one quarter of tax professionals said usage of MTD to report tax VAT returns resulted in positive experience, in which process appeared to be more efficient and easier to complete. Supporters of the digital software believe it improves visibility of indirect tax across transactions and provides accountants the […]

Continue Reading Only one third of tax professionals find VAT returns to be more accurate under MTD