HMRC has issued new guidance aimed at taxpayers participating in the Making Tax Digital for Income Tax (MTD IT) testing programme. The update provides detailed instructions on adding or ceasing income ...

Traditionally viewed as a low-margin task, payroll is now a powerful opportunity for accountants and bookkeepers to drive growth, strengthen client relationships, and deliver strategic value. With ...

As we step into 2025, it’s the perfect time to reflect on a year of transformation and resilience in the accounting sector. Jonathan Barber, Executive Director – UK of the Institute of Financial ...

Q&A Exec Interview Adapting to increased audit fees and regulatory scrutiny Audit fees reached record highs in 2024 due to more rigorous audits and regulatory adjustments. Strategies for managing ...

The Charity Commission has announced a statutory inquiry into Community Accountancy Self Help, citing concerns over persistent non-compliance with financial reporting requirements. Community ...

The International Accounting Standards Board (IASB) has introduced targeted amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, aimed at resolving challenges in ...

As 2025 dawns, accountants find themselves at the heart of an economy still navigating the aftershocks of a global pandemic, seismic political shifts, and eroding institutional trust. From ...

The ECCTA aims to strengthen the overall business landscape in the UK. It enhances the function of Companies House by empowering us with increased enforcement capabilities which will allow us to ...

Once the domain of tech enthusiasts and speculative investors, digital assets are now transforming the financial underpinnings of global business. Cryptocurrencies such as Bitcoin and Ethereum, ...

The pound has fallen to its weakest level in more than a year, while UK borrowing costs surged to their highest since 2008, sparking fresh warnings about the economic challenges facing the government.

HM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&D) tax relief, marking a significant step in its ongoing ...

Corporate reporting is rapidly evolving, with numerous new standards and requirements being established to guide companies towards more responsible and sustainable ways of doing business. As the UK ...