Tax blog for accountants

News and views from our experts.

Thomson Reuters Reveal Expert Insights into Emerging Technologies at Accountex 2016

written by Editor, 9 May 2016

Keynote speech discusses the implications of Blockchain technology on accountancy

Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, will share its expert insights into emerging technologies at this year’s Accountex.

Richard Collin, head of mobile application development at Thomson Reuters will deliver his keynote speech ‘What is Blockchain?’ on Thursday 12 May, at 1pm. Delegates can hear how this new technology is set to revolutionise the tax and accounting professions by booking their place in the Accountex Keynote Theatre.

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Key changes that practises may come across under the new UK GAAP

written by Editor, 19 February 2016

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  For accounting periods beginning on or after 1 January 2016 the FRSSE will be withdrawn and small companies will have to apply Section 1A of FRS 102 (early application is permitted).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).

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Business Continuity Planning: Are You Ready for Disaster?

written by Editor, 30 September 2014

Business Continuity
It could be as simple as a power cut or as serious as the severe flooding this year that created miles of record breaking devastation across the UK. Regardless of the cause, any interruption to your operation is bad for business.

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5 Steps to an Effective Document Management System and Workflow Solution

written by Editor, 12 September 2014

Blog by Dave Pearson, Digita Senior Development Manager – Practice & Workflow

It’s vital to get the right fit of Document Management System for your practice’s needs and opportunities – but how do you determine what that fit is when no two practices are the same and there’s such a wide array of differing functionality available? more »

Training isn’t just for beginners…

written by Editor, 23 July 2014

Blog by Glenn Tucker, Manager of Digita Client Services
When you invest in new software for your practice, part of the package will almost certainly include training. Digita offers training in a variety of formats: onsite classroom style, online via WebEx, and on-demand videos.

Here are our top three tips for choosing training: more »

Putting the Election into Feature Selection

written by Editor, 2 June 2014

Blog by Ian Manson, Product Manager of Digita Company Secretarial
Software development is a continual work in progress. It doesn’t stand still in the constantly evolving competitive, technological and especially regulatory environment. more »

Are you serious or do you just play at Networking?

written by Editor, 10 April 2014

Guest blog by Mark Lee FCA
The only cards accountants generally play with at networking events are business cards. Popular business card games include the perennial classics: ‘how many can I give out in one night?’ and ‘how many can I collect?’. more »

The Top 5 Corporation Tax Filing Failures

written by Editor, 26 March 2014

Blog by Gary McCombe, Digita Corporation Tax Product Specialist
HMRC statistics for the last tax year show that Digita Corporation Tax users had an average first time tax filing success rate of 95% and, once all of the failures were submitted successfully again, this increased to over 99%. more »

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