News and events from TaxCalc
Fine. or fine?
HMRC has issued fines for non-compliance to AML regulations. Don’t make the same mistake.
With HMRC issuing fines to certain accountants for failing to have proper anti-money laundering (AML) procedures in place AML is an issue that can’t be ignored.
What can an independent practice learn from the software selection process used by a 200-strong accountancy franchise?
We were recently asked to join two of the directors of the TaxAssist franchise on stage at Accountex. The brief was to share some of the lessons we both learnt during their recent software review, which resulted in TaxCalc being rolled out nationally for core compliance needs.
Whilst outlining the key criteria that turned out to be pivotal in the assessment for the network, it struck us that the very same principles equally apply to an independent practice considering their own needs, and are worth sharing.
While the UK finds itself these days having to manoeuvre political and economic minefields, the accountancy profession faces its own increasing levels of uncertainty with technological, social and legal factors influencing practices at every turn.
The challenges have been continuous, with updated FRSs, the GDPR, MLRs and the imminent rollout of MTD for VAT with BREXIT and MTD for Business hot on their heels. There’s simply no getting away from the fact that change is inevitable.
These changes will affect the services you provide, how you interact with your clients – and how you manage your practice.
You’ll know how committed we are to enhancing your TaxCalc experience and improving your practice’s performance.
We've listened to your feedback and have made a number of improvements to task management and enhanced the facility to sync data from Companies House.