Tax blog for accountants

News and views from our experts.

GDPR for Accountants: The 10 Key Facts Every Accountant Needs to Know

written by Editor, 13 October 2017

Guest blog by Ian Cooper, Product Manager for Non – Tax Products at Thomson Reuters

safe data for accountants

GDPR for Accountants

Compliance with the EU General Data Protection Regulation (GDPR) from 25 May 2018 requires significant changes to how accountancy firms handle client data to complete jobs, such as tax returns and processing financial records, as well as data used for marketing purposes.  more »

What is the PSC Register? Defining People with Significant Control

written by Editor, 5 October 2017

PSC register

Accountants are now using a new method to file and update their clients’ PSC Register at Companies House, due to legislative changes from June 2017. This information must be kept up-to-date to avoid breaching new Anti-Money Laundering (4MLD) regulations. Here we answer accountants’ top questions around what the PSC Register is, what these changes mean, and how software can reduce the administrative burden of providing real-time updates to the PSC.

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Social Media for Accountants: 5 Top Tips to Save You Time

written by Editor, 14 September 2017

Guest blog by Flora Sherry, Marketing Coordinator at Thomson Reuters

social media for accountants

There is no doubt that social media for accountants is essential to stay ahead in today’s online market. Many of your potential clients spend large portions of their day online, so missing the opportunity to be seen by them with relatively little work would be a wasted chance. However, getting it right is essential in order to reap the benefits that social media can bring.
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What Does The Making Tax Digital Deferral Mean for Accountants?

written by Editor, 15 August 2017

Guest blog by Mark Purdue, Tax Product Manager at Thomson Reuters

deferral MTD blog

Last month, accountants welcomed the deferral of Making Tax Digital. So surely this means you can think about the extra workload for another year or two?

In short, the answer is simply: no. Mark Purdue, Thomson Reuters’ tax expert explains why in our latest on-demand webinar. He stressed that MTD is not only imminent, but is happening right now. Making Tax Digital, it seems, is inevitable.

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Check out our upcoming webinars for accountants

written by Editor, 31 July 2017

Webinars for accountants

Stay ahead this summer with our online webinars for accountants! This month, our experts provide insight into the ever changing world of tax and accounting to keep you up-to-date…
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Share your thoughts on the Making Tax Digital deferral to win prizes…

written by Editor, 26 July 2017

MTD deferral

HMRC recently announced some major changes to the Making Tax Digital timeline, which has caused the deferral of Making Tax Digital. We are asking you to share your views on the Making Tax Digital deferral. more »

Delayed Making Tax Digital Timetable Announced

written by Editor, 14 July 2017

MTD timeline

Yesterday’s statement from the Treasury confirmed delays for the Making Tax Digital timetable. The new timeline shows that only businesses with turnover above the VAT threshold (£85,000) will need to keep digital records and will come under MTD in 2019, with other businesses coming under MTD in 2020.
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MTDiary of the First Making Tax Digital Software Pilot Participant

written by Editor, 6 July 2017

MTD Diary

Guest blog by, Gary Jacobs, Director, EaziTax

At the start of April, HMRC pushed the button on the software pilot for Making Tax Digital (MTD) with a handful of businesses and agents.

As part of the pilot process, firms will trial MTD-enabled accounting and tax software to ensure it’s fit for purpose, before the pilot is expanded from July onwards.

Gary Jacobs, Director of Eazitax, was the first accountant to enter HMRC’s MTD pilot scheme. In a passage from his diary below, Gary shares his personal experience of the MTD pilot process so far, which he read to a packed audience at Accountex last month.

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Ten Steps to Making Tax Digital

written by Editor, 15 June 2017

Making Tax Digital

Guest blog by, Mark Purdue, Product Manager – Tax Products at Thomson Reuters

Making Tax Digital (MTD) is still hitting the headlines and, despite the government’s removal of MTD clauses from the Finance Bill and the upcoming general election, the pilot program is now underway. Whilst there are still many unanswered questions, it’s still too early to tell whether the pace of HMRC’s digital transformation will change.

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Making Tax Digital – Get Your Facts Straight

written by Editor, 7 June 2017

Making tax digital

With over 91 million Google search results alone for Making Tax Digital, how can accountants cut through the noise and separate fact from fiction?
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Accountex 2017 – WOW!!! What a great exhibition it was

written by Editor, 30 May 2017

Accountex 2017

Guest blog by, Nicola Beards, Events Coordinator

Accountex – The National Accountancy Exhibition & Conference took place on the 10th and 11th May at the ExCel London and was the biggest and best event to date!
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Are you getting new clients from your social media activities? Are you social enough? You could be!

written by Editor, 18 May 2017

Guest blog by, Lauren Coates, Sales Consultant

What’s the best way for accounting firms to increase engagement on social media and create new business opportunities? Today’s conversations, research and buying decisions all take place online, and social media has transformed the way buyers search for professional service firms.
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MTD – The Reconstruction of Tax

written by Editor, 4 May 2017

Making Tax Digital – The Reconstruction of Tax

Making Tax Digital (MTD) will affect the way in which tax advisers interact with HMRC and their own clients.  At the most basic level, MTD will open up lines of communication – new reasons to talk to and engage with clients, and the availability of real time data will really benefit the profession.

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SYNERGY 2017 was a great success!

written by Editor, 27 April 2017

Synergy 2017 was a great success

Guest blog by, Amanda Magri Overend, Marketing Executive

At the end of last month we returned to the 5-star Forest of Arden Marriott Hotel & Country Club where over 250 tax and accounting professionals joined us from across the UK for SYNERGY 2017 our annual customer conference.  With a 100% turnout, it was our biggest and best conference to date.

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Q&A with Making Tax Digital Expert, Mark Purdue

written by Editor, 21 April 2017

Q&A with Making Tax Digital Expert, Mark Purdue

Our resident Making Tax Digital expert and Tax Product Manager, Mark Purdue, is presenting at Accountex on 10 and 11 May. Ahead of his upcoming talk, we sat down with Mark to ask him a few questions on Making Tax Digital and the event itself…

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