Latest Accountancy News and Updates
26 Apr 2024
Top 10 tips for accountants for keeping your data safe
20:20 Innovation offer 10 top tips for accountants and tax professionals when it comes to keeping your data safe. Read on for more advice and information.
- Blog
25 Apr 2024
Outsourcing client payroll services – why and how?
Businesses commonly outsource tasks to external organisations that operate within specific fields. There are several advantages of doing so, not least of which include saving time, increasing internal efficiency and improving quality of the tasks in question. When it comes to payroll, many organisations – regardless of size, industry or structure – benefit from outsourcing to those considered experts in the area. There are several aspects to consider when deciding whether this could be right for your clients.
- Blog
25 Apr 2024
Busting Myths About Offshore Accounting: A Reality Check
Welcome back accountants to the tax realm. Let’s not lose sight of excitement for 2024 Offshoring, so here’s a refresher on Outsourcing vs Offshoring and let’s clarify some buzz misconceptions, along with exploring offshoring benefits.
- Blog
25 Apr 2024
Can directors be held liable for company debt?
While limited liability provides valuable protection, caution still needs to be taken to avoid directors being faced with personal liability for company debts in the event of insolvency.
- Blog
24 Apr 2024
Accountex London releases 250+ education programme
Accountex London is returning in the Spring , on 15-16 May 2024. London’s ExCeL is expected to welcome over ten thousand accounting and finance professionals through its doors.
- Blog
22 Apr 2024
Celebrate World Earth Day by Embracing Sustainability in Accounting
20:20 Innovation guest speaker Georgina McLeod discusses sustainability in accounting and the impact accountants can have on a greener future.
- Blog
19 Apr 2024
Tax Administration and Maintenance Day
Explore 20:20 Innovation’s review of the new technical tax policy proposals on 18 April 2024. How will it impact your tax or accountancy business?
- Blog
16 Apr 2024
How to recruit and retain the staff you want for your accounting firm
In this 20:20 Innovation article we look at the ongoing challenges accounting firms are facing in recruiting and retaining the right talent for your firm.
- Blog
05 Apr 2024
How can the new HMRC £7.4m AI upskilling fund help accountants?
2020 Innovation technology expert Billie Mcloughlin discusses the new HMRC AI upskilling fund and how it can help accountants use artificial intelligence.
- Blog
03 Apr 2024
Risks and Rewards of Offshoring Accounting Tasks
In the contemporary global economy, enterprises are perpetually in search of methods to enhance productivity and curtail expenses. Offshoring accounting work is one tactic that has grown in favour in recent years. Businesses can get professional personnel at a reduced cost by outsourcing accounting activities to offshore sites.
28 Mar 2024
FRC updates FRS 102 – UK GAAP is changing
On the 27th March 2024 the FRC published the latest version of FRS 102, following the results of its periodic review. There are few surprises in the document and the proposals in FRED 82 have largely all been included in the new standard.
- Blog
28 Mar 2024
New Company Size and Audit Limits!
Following a period of consultation, the Government recently announced large increases in company size and audit limits, along with plans to change the narrative reporting requirements for certain companies.
- Blog
27 Mar 2024
What are the warning signs of company insolvency?
Being aware of the common warning signs of impending insolvency should be a priority for all company directors and business owners. The sooner action is taken to remedy the situation, the more options will be available for rescue and recovery.
- Blog
27 Mar 2024
First glimpse into Accountex London 2024
Accountex London is set to make its annual return to ExCeL on May 15-16 2024, anticipating over ten thousand accountants and finance professionals from all corners of the UK. Following the resounding success of the 2023 event, hailed as the largest in Accountex history, expectations are high for this year's edition.
- Blog
12 Mar 2024
How technology will change accounting in the future
20:20 Innovation explores how accountants and tax professionals are continually adapting to increased digital technologies and new accounting software.
- Blog
07 Mar 2024
Spring Budget 2024: 10 Key Takeaway Points for Accountants
Check out 20:20 Innovation’s top 10 takeaways from the Chancellor’s Spring Budget 2024 including advice for accountants on the tax and economic implications.
- Blog
06 Mar 2024
What are the biggest challenges for accounting practitioners?
This 20:20 Innovation article delves into a number of the challenges facing the accounting profession and explores potential solutions to address them.
- Blog
04 Mar 2024
The Revolution of AI in Accounting: Trends and Implications
Artificial intelligence has been revolutionizing many industries recently, and the accounting sector is no different. Businesses use AI technologies to transform their accounting procedures, aiming for increased productivity, accuracy, and insights. Let’s look at the trends that influence such change and how these affect accountants.
- Blog