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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5 ways attending an event can benefit your practice in 2017

written by Editor, 2 March 2017

benefit your practice

Guest blog by, James Bowers-Lee, Solutions Consultant, Thomson Reuters

Tired of waiting for the answers?

Time is valuable, I think we can all agree with that, and making the most out of this time is what we all strive to achieve, but are we actually doing that? more »


Digital Technology Trends in 2017 – and Those to Watch Out For!

written by Editor, 27 January 2017

Digital Technology Trends in 2017

Guest blog by, Zara Osman, Solutions Consultant, Thomson Reuters

What’s the current situation?

We all use social media, smart phones and internet banking on a daily basis. Once revolutionary, app and cloud technology has now crept into our everyday lives to become the norm. This global transition is driven by our need for interconnectivity and mobility. Behind the scenes, networks of data gathering sensors and machine-to-machine communication are all hard at work. more »


Thomson Reuters and Xero have teamed up to offer an optimised workflow

written by Editor, 8 December 2016

Whitepaper

With April 2018 fast approaching, time is running out for accountants to embrace change and get their business ready for the journey to be Making Tax Digital compliant. more »


Autumn Statement – the key points for accountants

written by Editor, 23 November 2016

AutumnStatement

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

Traditionally, the Autumn Statement focuses on the wider economy, with less emphasis on major changes to tax legislation, and this year’s statement didn’t disappoint! more »


Top Tips on How To Get Your Emails Noticed

written by Editor, 14 October 2016

Email Marketing

Guest blog by, Chris Taylor, Marketing Assistant, Thomson Reuters

Email marketing has been overshadowed in recent years, thanks to the fast moving, up to the minute sharing capabilities of social media. However, smartphones, tablets and other mobile devices have made it easier than ever for consumers to access their e-mails anytime, anywhere. more »


Making Tax Digital: Get your views heard – time is running out

written by Editor, 6 October 2016

Get your views heard

Get your views on Making Tax Digital heard

HMRC published its six Making Tax Digital (MTD) consultation documents on 15 August 2016 – setting out ambitious plans to simplify tax and make it digital.

However, with Autumn now upon us, poll results from our recent webinar Making Tax Digital Explained highlighted an alarming lack of response to the ongoing HMRC consultation. more »


Reaction to Making Tax Digital Consultation

written by Editor, 23 August 2016

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

Making Tax Digital

Just two weeks (2 August 2016) before the long-awaited release of the Making Tax Digital (MTD) consultation documents (15 August 2016) we polled more than 350 accountants. Unsurprisingly, 91% feel there isn’t enough information available on MTD, and this lack of information has caused much uncertainly, speculation and concern. more »


The Making Tax Digital Blog Series Part 3: Are Compliance Services Still Important To Businesses?

written by Editor, 28 July 2016

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

Making Tax Digital

Every business needs to get the basics right to stay aware of and meet statutory obligations, and ensure that the correct level of tax is paid. However, it hardly sets the pulse racing. The discipline around financial administration, however, creates value in terms of knowing where you are and being able to react to both challenges and opportunities. more »


The Making Tax Digital Blog Series Part 2: Why Efficient Collection Of Data Needs To Match Efficient Client Management

written by Editor, 21 July 2016

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

Making Tax Digital

The Making Tax Digital initiative now seems to be almost inevitable. The drive for better data received in a more timely way is seen as a cornerstone of how the government seeks to create and modernise aspects of its relationship with taxpayers. more »


Finance Bill 2016

written by Digita Support, 19 July 2016

By Chloe Procter, Tax Support Specialist

Finance Bill 2016 changes

As the Finance Bill 2016 makes its way through Parliament, agents and companies need to be aware that certain changes to be introduced may affect existing computations and also their ability to file online.
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The Making Tax Digital Blog Series – Part 1: What Will Digital Tax Accounts Mean to You and Your Client Relationships?

written by Editor, 14 July 2016

Guest blog by, Mark Purdue, Product Manager – Tax, Thomson Reuters
Making Tax Digital

The Making Tax Digital initiative now seems to be almost inevitable. The drive for better data received in a more timely way is seen as a cornerstone of how the government seeks to create and modernise aspects of its relationship with taxpayers.

more »


Join our Upcoming Webinar Series: Your Practice Tech Health Check

written by Editor, 16 June 2016

 

Does your software perform as well as you’d hoped? Is your workflow falling over? Don’t wait until next year to review your software – give yourself a head start by attending our interactive series of online events this summer. These upcoming webinars in June, July and August are designed to help you take stock and address areas of your practice and software which you may want to improve before the busy self assessment season starts again. Why wait until the year end, when you can increase your productivity and reduce your overheads now.

We run regular, free webinar sessions which cover a range of subjects each month. However, if you’ve ever missed one we’ve got you covered with the recording. Register your place today to either join in real time or watch at your own convenience.

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Can more accountants make more of KPIs and make more profit?

written by Editor, 9 June 2016

Guest blog by, Paul Shrimpling, Remarkable Practice

Employees

At the Thomson Reuters 2016 conference I shared 3 important insights about valuable KPIs, client meetings and helpful questions.
After 15 years of advising accountancy firms I have uncovered 3 worthwhile obsessions for accountants in practice.
If you don’t implement the right KPI’s, develop the right client relationships and focus on the right queries to help power your practice forward you will notice;

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