AccountingWEB

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 multiple errors. The team asks how a letter like that get...

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-accountings-spring-software-shopping-list

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 turnaround in their decision. A popular topic at FAB, Rich...

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 businesses in the UK.

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 more interesting statistics. Tom shares the percenta...

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 Hattersley and Tom Herbert talk about deadline day statist...

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 talk about the late filers, the missing information,...

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 Office scandal. The Post Office scandal is one o...

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. For links to the items discussed on the show visit:...

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 “the biggest package of tax cuts to be implement...

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 accountants think the AI-driven may hold for the...

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, Dan spent almost 25 years as a tax lawyer. He join...

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, AWEB editor Richard Hattersley reveals all from h...

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 pay up on time, could we finally see a shift in th...

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, head of tax technical team at the Chartered Instit...

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 AccountingWEB’s technology editor Tom Herbert on the...

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 respective businesses, Cohen and Harris have been th...

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 collapse may seem sudden, how exactly did it get to th...

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 strategy sustainable anymore? Joining us on the po...

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 Technical and Strategic Engagement at the ACCA, w...

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 regulations. The options ranged from bolstering the...

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 unsurprisingly angry at the way the scheme was han...

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, Richard and Tom are joined by contributor Jason Cro...

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.