Guest blog by, Ian Cooper, Digita Business Development Manager
Making sure your practice is the first thing your clients think of before making any financial decisions can lead to tighter business relationships, says Ian Cooper.
Let’s face it, nearly all accountants would love the opportunity to advise their clients before they commit to financial decisions. So how can offering portals as part of the service help ensure you and your clients are working hand in hand before these major decisions are made?
Portals provide a number of benefits for both accountants and their clients. The most obvious benefits are their efficiency, security and convenience. However there are also a number of less obvious benefits to be taken advantage of.
by Chris Henley, Customer Support
When opening Practice Management, you don’t want to be wading through a plethora of clients and information that isn’t relevant to you.
Practice Management can help simplify the client list to suit your needs. On the left side of the screen, you will see the group and filter options. These allow you to filter your client list to show only your active clients or group by, for example, client type or client manager.
By selecting these options, you’ve gone from seeing all clients to seeing just your active clients neatly grouped by their type ready for you to work on.
If your client list is still looking cluttered and you have superfluous columns you don’t use you can simply left-click on the column heading and drag and drop them off screen to get rid of them. Don’t worry if you get rid of a column you shouldn’t have you can easily use the field chooser to get the column back.
Guest Blog by Briony Kempton, Head of Accounts Production, UK Tax & Accounting
In my last blog I highlighted the changing regulatory landscape in the UK GAAP impacting a number of entities be that corporates, charities or LLPs.
Small companies can still apply the FRSSE for their December 2015 year ends – although this is an updated FRSSE (effective January 2015). However, small companies are also impacted by the introduction of FRS 102. For accounting periods beginning on or after 1 January 2016 the FRSSE will be withdrawn and small companies will have to apply Section 1A of FRS 102 (early application is permitted). Section 1A sets out the presentation and disclosure requirements for small entities based on the new small companies’ regime within company law. The recognition and measurement requirements of FRS 102 will apply to companies applying Section 1A. A new micro entity standard, FRS 105, will also be effective for smaller entities, again effective for accounting periods beginning on or after 1 January 2016 (although early application is permitted).
Guest blog by, Gary McCombe, Digita Product Specialist
Ever since the introduction of iXBRL and mandatory Corporation Tax return filing, HMRC has provided a free, PDF based, product that could be used for the most basic situations. The intention for this product was that it would be used by unrepresented companies to prepare their own tax returns. It was never intended to be used by agents but due to the way that it worked, a number of agents used it on a regular, or exclusive, basis for preparing client filings. Over the last year, 15% of CT600 returns were made using the HMRC product.
This page can be viewed at https://www.digita.com/pro/blog/index.php/2016/02/
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