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This Accounting Job Will Become Scarcer in the Next Five Years, WEF Predicts

CPA Practice

One of the most interesting parts of the report looks at the jobs market outlook for the next five years (2023-2027). During that time, 69 million jobs are expected to be created—but 89 million jobs are expected to be lost. That’s a net loss of 14 million jobs, or 2% of the ones available today.

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What the 2023 Autumn Statement Means for Making Tax Digital

Xero

Self-employed people and landlords earning above £50,000 annually will still be mandated to join MTD for ITSA in April 2026, with those earning above £30,000 to follow in 2027. For example, clients could work with one practice for day-to-day bookkeeping and accounting, and another for ITSA submissions.

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Tax Savings for Small Business Owners: Bonus Depreciation and Section 179

xendoo

20% after December 31, 2025 and before January 1, 2027. Our expert bookkeepers , accountants , and CPAs can help you navigate your financials throughout the year! Bonus Depreciation is currently being offered at 100%, but is scheduled to decrease to: 80% after December 31, 2022 and before January 1, 2024.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Those earning income over £30,000 will come into MTD from April 2027. Apr 2027: MTD for ITSA -businesses, self-employed individuals, and landlords with income over £30,000.

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Everything you need to know about HMRC’s Making Tax Digital programme

Accounting Insight

This move isn’t just a change in process; it’s a reimagining of the tax system to be more transparent, efficient and easier to manage for VAT-registered businesses and individuals generating over £30,000 annually from business or property income from April 2027.

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4 important business trends to watch for in 2024

Reckon

2027: nearly 15% of new applications will be automatically generated by AI without a human in the loop. More small businesses will be looking to streamline bookkeeping, interact with customers in better ways, crunch data more effectively, and shave time of common tasks.)