The overwhelming majority of SMEs say that their accountant plays a critical role in their business operation and is their first point of contact. The Count on Accountants research, conducted by Sage, revealed that 91% of SMEs consider that their accountant is a vital adviser to their business, although nearly two-thirds, 64% of accountants believe…
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The current anti money laundering (AML) regime’s main objectives fail to capture the important role the accountancy sector plays in acting as a ‘gatekeeper’ to the financial system and preventing criminals from doing business in the UK, says ICAEW The government’s focus on the number of Suspicious Activity Reports the accountancy sector makes misses this…
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Next year sees the rollout of the extension to Making Tax Digital for self-employed people, which means accountants need to start preparing their clients, explains Lee Murphy, managing director at The Accountancy Partnership The Making Tax Digital (MTD) pilot scheme was launched for self-employed people in March 2018, with plans to roll it out further.…
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As artificial intelligence (AI) becomes more mainstream accountants need to lead the way in adopting it as part of environmental, social and governance (ESG) reporting, says the Association of Chartered Certified Accountants (ACCA). A new report by ACCA and Chartered Accountants Australia and New Zealand (CA ANZ) states that the accountancy profession, with its…
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