Author: Wayne Pope
HMRC’s digitisation of the tax process: How to keep up
In order to better regulate general compliance, HM Revenue and Customs (HMRC) are working to digitise many aspects of taxation. Under the umbrella scheme of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), HMRC are looking to remove paper filing for Self-Assessment tax returns. By far, the biggest impact this has is on […]
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How AI is enhancing digital workspaces for auditors
AI is changing how auditors operate within digital workspaces. It is seamlessly automating routine tasks, enhancing collaboration, managing documents securely, and strengthening data protection. Rather than adding complexity, AI is simplifying workflows and allows auditors to focus on higher-value tasks while maintaining compliance, accuracy, and efficiency. The benefits of integrated AI systems One of AI’s […]
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How are accounting firms using AI? – A study of the data
Artificial intelligence (AI) has firmly taken root in the accounting sector, reshaping the way firms handle everything from compliance to client service. In fact, data reveals that a staggering 99% of accountants are already using AI to assist clients and improve business operations. But as AI adoption surges, the real question becomes not if you […]
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How to reduce audit risk with real-time document control
Relying on outdated, incomplete, or incorrect documents can lead to material misstatements in financial reports, compliance failures, and regulatory scrutiny. Meanwhile, governing bodies like the ICAEW and FRC are demanding increased transparency and accuracy. However, traditional methods – email threads, paper-based filing systems, and local storage – create fragmented audit trails, making it difficult to […]
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The relationship between technology integration and success
When it comes to accounting firms, many rely on older ways of working. Things like Excel spreadsheets, classic bookkeeping methods and developing a client base purely from referrals rather than wider marketing. Certainly, back in the day, this was a perfectly reasonable way of doing business – but is it outdated now? Do those firms […]
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