Category: Personal Tax
How are accountants likely to be affected by the Budget?
With the recent Autumn Budget delivering personal tax changes, accountants across the UK are facing a new wave of complexities in managing their clients’ needs. From updates to Capital Gains Tax (CGT) and Business Asset Disposal Relief (BADR) to Inheritance Tax reliefs such as Agricultural Property Relief (APR) and Business Property Relief (BPR), the industry […]
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Have you started preparing for your January tax return deadline?
November may seem early to start preparing for the January Self-Assessment deadline, but as an accountant, you know all too well how quickly time passes when managing multiple clients. We believe that the first step to a successful and stress-free tax season is ensuring your software is ready to handle the influx of work. Outdated […]
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Day-to-day inputting of data will soon be a thing of the past, says AAT
An AAT whitepaper, The Future Accountant, outlines how the accounting profession is undergoing a significant transformation, driven by advances in technology. This shift, while not new, has been gaining momentum. It’s true, technology has always evolved industries, removed labour-intensive tasks and allowed professionals to focus on more meaningful work. However, in accounting, this trend is […]
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The mental health crisis in accounting
As you know, the looming 5 October deadline for self-employed individuals to register for Self-Assessment is a critical point in the calendar for accountants. However, while this date might bring in more revenue for you and your team, it also represents a significant stressor for those in the profession. We’ve seen time and again that […]
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Diverse income stream carnage threatens your team
We often hear from accountants whose client has income from freelancing, investments, and rental properties and demands the same price for account filing as the simplest business models. Despite the added complexity created by multiple income streams, these clients often pay the same price as any other, and expect their accounts to be filed accurately […]
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