Latest Accountancy News and Updates

26 Jan 2024

Cash Basis: Are you ready for it to become the default?

 

Beginning in the 2024/25 tax year, the cash basis will be the default way of reporting the taxable profits or ...

26 Jan 2024

What Is New with Microsoft Copilot?

 

This article looks at the recent changes made by Microsoft and how Copilot has numerous applications for accou...

23 Jan 2024

Partner Blog

Next Steps in Tech: Why E-ID is a quick win for Customer onboarding & Regulatory Compliance

 

At the 2023 Annual conference ‘Robots & Superhumans’ the team at 20:20 delivered a compelling message: technol...

18 Jan 2024

Partner Blog

What is an unenforceable personal guarantee?

 

As a company director, you may be asked to provide a personal guarantee to secure funding for your business. W...

16 Jan 2024

Partner Blog

Navigating scope creep: 5 strategies for managing client expectations

 

Scope creep, the gradual expansion of project objectives beyond the initial agreement, poses challenges for ac...

11 Jan 2024

Networking and training for accountants at events

 

If you're an accountant who values professional development, formal networking groups and training events are ...

10 Jan 2024

2024/25 Scottish and Welsh Budgets

 

Scottish and Welsh Governments have power to set some taxes. Read on for news on the devolved taxes and other ...

09 Jan 2024

Spring Budget 2024: Key Predictions

 

HM Treasury has set a Spring Budget date of 6 March 2024 - one of many key fiscal dates in the early part of t...

18 Dec 2023

Key Dates for Accountants in 2024

 

Accountants operate in a changing industry. To explore the key dates for accountants in 2024 and download our ...

13 Dec 2023

AI Causes Confusion in Tax Tribunal

 

This 20:20 Innovation article looks at the case of Harber vs HMRC and how Ms Harber’s use of AI proved extreme...

11 Dec 2023

Partner Blog

Global Talent: What People Really Think About Offshore Jobs

 

20:20 Innovation partner, Frontline, share their own stories and clients’ experiences when they were building ...

01 Dec 2023

Can I claim tax relief for training costs?

 

This article explores tax relief for training courses. What we cover applies to business owners, your team and...

28 Nov 2023

Partner Blog

4 common client onboarding mistakes and how to overcome them

 

GoProposal have unpicked the four common mistakes accounting and bookkeeping firms make when onboarding new cl...

24 Nov 2023

What are the Public Accounts Committee recommendations for MTD?

 

This article, written by Sharon Cooke, looks at the key takeaways from the PAC report. Read on for more inform...

24 Nov 2023

What did the Autumn Statement mean for MTD?

 

The outcome of the Making Tax Digital Small Business Review was published as part of the Autumn Statement. Rea...

23 Nov 2023

The 2023 Autumn Statement: Key Takeaways for Accountants

 

Following the Chancellor’s Autumn Statement on 22nd November 2023, 20:20 Innovation round up the key takeaways...

17 Nov 2023

Partner Blog

Exploring Closure Options for Solvent Clients

 

Find out how 20:20 Innovation partner, Begbies Traynor, explain the numerous ways to close a solvent business ...

15 Nov 2023

10 Steps to Compliance with ICAEW CPD Rules

 

This 20:20 Innovation article provides further information on the steps you can take to comply with ICAEW CPD ...