Top 5 Frequently Asked Questions About Engagement Letters
Do you know? Clients are three times more likely to recommend firms that have clear onboarding processes. This includes firms that present […]
Why Accountants Need Engagement Letter Templates
Do you know that 1/3rd of professional liability claims against accountancy and CPA firms involved cases where no engagement letters were drafted? […]
Value-Based Pricing for Accounting Firms: Moving Beyond Hourly Billing
Pricing services in the world of accounting has traditionally revolved around billable hours, timesheets and hourly rates. But does this truly reflect […]
ICAEW Fines Financial Controller Over Alleged Fraud
ICAEW has fined a financial controller with a bill of £14,000 for wrongly utilising company funds to pay for the repairs of […]
Full Guide to Making Tax Digital for Accountants, Bookkeepers & Tax Advisers
Making Tax Digital (MTD) is a government initiative introduced to transform the UK’s tax system, making it more efficient, transparent, and easier […]
ACSP: How Can Accountants Prove & Verify Clients’ Identity
The UK government has introduced stricter identity verification requirements, and any negligence or failure could result in civil penalties and criminal charges. […]
HMRC Targeting “Unethical” Tax Advisers
HMRC could soon hit dishonest tax advisers with penalties up to £50,000, public naming and stricter investigations. The UK government has launched […]
MTD for ITSA Expands in April 2028- What Accountants Need to Know?
Rachel Reeves’s Spring Statement which was meant for economic updates surprised the UK with buried details on tax measures including an important update on Making Tax Digital for Income Tax (MTD ITSA).
How to Simplify Accounting Compliance: 3 Easy Strategies for Businesses
Accounting and regulatory compliance are becoming more complex each year with frequent changes in industry, government policies and technological landscapes.
Authorised Corporate Service Provider (ACSP) Registration: What Accountancy Practices Need to Know
Companies House made ACSP registration mandatory for accountants, legal professionals and agents under the Economic Crime and Corporate Transparency Act on 18 […]
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