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While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. FT : Accounting firms say the metrics tell investors little about whether an audit is being done well and are likely to be misunderstood without additional context.
Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants.
Today, the most successful accountants are proactive advisors, seamlessly integrated into their clients’ businesses. Cloud accounting, automation, and real-time data access are transforming how accountants work. Those who embrace these tools become what we call ‘connected accountants’. What is a connected accountant?
One respondent suggested that there were already disgruntled clients unhappy with accountancy firms taking on PE investment, and that remaining independent was an opportunity for their firm. In “Choosing your accounting firm: why ownership matters” he writes: The accounting industry is currently at a crucial crossroads.
The Institute of CharteredAccountants in England and Wales (ICAEW) has announced a new category within its Technology Accreditation scheme; “Client Communications” and ClientWindow is the first solution to be accredited in this new category.
Menzies LLP - A leading charteredaccountancy firm. The recent budget has imposed significant challenges on businesses across the board, with the retail sector being particularly affected. The Chancellor has announced several policy changes and tax increases that will impact retail. increase in Employers National Insurance Rates A 1.2%
Payroll and tax expert Beth Jackson is not only one half of 2 Sisters Accounting, but a new business specialist, who has worked with hundreds of small businesses. From there I worked in small accounting practices and learnt everything on the job. What motivated you to start 2 Sisters Accounting? Completely by accident!
Menzies LLP - A leading charteredaccountancy firm. In this case, it is important to take into account your tax position as a whole. What is the trading allowance? The trading allowance is a tax-free allowance of up to 1,000 per year for any trading or casual income sources.
Menzies LLP - A leading charteredaccountancy firm. A key theme of today’s budget was “Invest, Invest, Invest!” with the intention of driving economic growth. The chancellor has pledged over £100 billion of additional capital investment over the next five years which will be welcomed by this capital intensive sector.
Menzies LLP - A leading charteredaccountancy firm. Depending on the circumstances this may defer the tax relief available into the next accounting period.
Rohini has a Masters of Finance from the London School of Economics, and a CharteredAccountant certification from the Institute of CharteredAccountants of India. Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting.
Menzies LLP - A leading charteredaccountancy firm. Retention of Title (ROT) iswhere the seller of physical goods attempts to protect itself against non-payment by retaining ownership of those goods until payment is received, even after the goods have been delivered.
Today AccountsIQ , a leading provider of fully cloud-based accounting software, has announced new additions to its senior leadership team. A charteredaccountant, he previously worked in PwCs Assurance department, followed by its Finance Managed Services team.
Menzies LLP - A leading charteredaccountancy firm. If you already have a government gateway account, you will use the same account, alternatively you can ask your advisers to prepare and submit the application for you. That guide is a useful start point for anyone needing to account for VAT for the first time.
Menzies LLP - A leading charteredaccountancy firm. The recent Budget has painted a mixed picture for the Transport and Logistics sector. Our Transport & Logistics Team have summarised the key changes that will impact the T&L Sector. On the positive side, the freeze in fuel duty is a relief for road haulage businesses.
Menzies LLP - A leading charteredaccountancy firm. Regulatory changes driving the need for ESG Assurance The regulatory landscape is evolving, with governments and regulatory bodies worldwide pushing for greater transparency and accountability in ESG reporting.
Menzies LLP - A leading charteredaccountancy firm. Therefore, a qualified accountant serving as a director of a company, would be expected to recognise signs of insolvency at an earlier stage and as a result, may face more severe consequences. What is it and why should directors be concerned?
Menzies LLP - A leading charteredaccountancy firm. With the cost of living going up and businesses feeling the pinch, it is more important than ever for tax relief to be maximised where possible. One area that can sometimes be overlooked is capital allowances which provide tax relief on capital investment.
Menzies LLP - A leading charteredaccountancy firm. Professional accountants, lawyers and restructuring professionals are all really good sources of advice, with the latter being professional problem solvers and strategic solution finders.
Menzies LLP - A leading charteredaccountancy firm. Creditors play an important role in insolvency proceedings, one of the reasons is because they hold significant influence over the process and its results.
Menzies LLP - A leading charteredaccountancy firm. HMRC Recruitment Drive The Government has confirmed that 5,000 new HMRC compliance officers will be recruited, with the first 200 of these starting in November. This is expected to cost £1.4 billion over 5 years and raise £2.7 billion by 2029/30.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Technology Multiplier, founded by ex-Stripe exec, nabs $27.5M
Menzies LLP - A leading charteredaccountancy firm. Menzies were approached by Touchlight to support the company with a broad range of accounting and tax services. These ranged from complex accounting treatments and audit readiness to navigating capital allowance legislation and meeting enhanced R&D compliance standards.
Menzies LLP - A leading charteredaccountancy firm. One tax rise that Rachel Reeves did warn us of in advance of the budget was an increase in the employer Class 1 national insurance contributions rate. What was not expected was the significant lowering in the threshold at which this becomes payable.
Menzies LLP - A leading charteredaccountancy firm. Would you risk it for a chocolate biscuit? We talk about risk a lot, from insignificant choices about what to eat through to decisions which can have a monumental impact on our lives and our businesses.
Menzies LLP - A leading charteredaccountancy firm. So why is a forensic accountant commenting? This usually comes up in Sale and Purchase disputes, where parties try to define specific accounting policies for their deal but inadvertently cause conflict or confusion with standard accounting. The list could go on.
Menzies LLP - A leading charteredaccountancy firm. Budget impact on care homes The Budget 2024 has introduced a raft of policies and financial measures aimed at addressing economic instability and promoting growth.
Menzies LLP - A leading charteredaccountancy firm. With the Autumn Budget coming up on 30 th October, rumours are circulating regarding what might change for taxpayers, but what does that mean for crypto owners? An increase to capital gains tax?
Menzies LLP - A leading charteredaccountancy firm. Since Covid 19, the workplace has undergone a dramatic transformation with the success of hybrid and home working, and the workplace becoming more global than ever. This change means that many employers are now seeking new hires or secondees from international sources.
Menzies LLP - A leading charteredaccountancy firm. In this podcast, Menzies look at the Autumn Budget Breakdown 2024, with speakers Jonathan Bass, Partner, Business Recovery, Matt Watkins, Tax Disputes & Disclosures Director, Helen Cuthbert, Partner, Private Client and Stephen Hemmings, Partner, Business Tax.
Menzies LLP - A leading charteredaccountancy firm. The Autumn Budget 2024’s increase in Employers’ National Insurance to 15% presents a significant cost burden for law firms across all structures, potentially affecting hiring and salary strategies.
Menzies LLP - A leading charteredaccountancy firm. ADR has returned to the forefront of HMRC’s attention following the FTTs release of an updated Practice Statement. In May 2025 The First Tier Tribunal (“FTT”) released a new Practice Statement regarding the use of Alternative Dispute Resolution (“ADR”) in Tax Disputes.
Menzies LLP - A leading charteredaccountancy firm. HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. If you have received a nudge letter from HMRC, do not ignore the letter.
Menzies LLP - A leading charteredaccountancy firm. The October 2024 Budget brought with it sweeping reforms to the taxation of non-UK domiciled individuals and their associated offshore trust structures.
Menzies LLP - A leading charteredaccountancy firm. From the 2026/27 tax year HMRC are requiring certain individuals to maintain digital records and submit quarterly returns. Below is a summary of how MTD will operate and who will be affected. Are you required to register for MTD?
Menzies LLP - A leading charteredaccountancy firm. Overview The Government has announced a series of policy and funding reforms aimed at increasing housebuilding and strengthening skills within the construction sector, in a bid to support economic growth and meet long-term infrastructure demands.
Menzies LLP - A leading charteredaccountancy firm. Overview The Government has announced a series of policy and funding reforms aimed at increasing housebuilding and strengthening skills within the construction sector, in a bid to support economic growth and meet long-term infrastructure demands.
Menzies LLP - A leading charteredaccountancy firm. Managing cash is important for any business, but what happens if customers need to extend their credit terms beyond those already agreed and what are the risks of doing so? Offering credit terms to support sales is a normal and expected part of doing business in many sectors.
Menzies LLP - A leading charteredaccountancy firm. From January 2026, UK cryptoasset users will enter a new era of tax transparency. Whether you’re investing, trading or holding (HODL) assets such as Bitcoin, Ethereum, Dogecoin, HMRC will soon have greater visibility over your crypto activity than ever before.
Menzies LLP - A leading charteredaccountancy firm. The 2024 Autumn Budget introduces rising costs for tech employers through increased National Insurance and wage requirements, while offering targeted relief for smaller tech businesses and investing in digital infrastructure to support sector growth.
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