Latest Accountancy News and Updates
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
20 Feb 2024
Could there be changes to the High Income Child Benefit Charge?
Explore this 20:20 Innovation article on the impact of potential HICBC changes in the latest Budget. This includes the implications of any changes. Read more.
- Blog
20 Feb 2024
How to market your accounting firm
This 20:20 Innovation article looks at what marketing accounting firms can employ to help you attract the right kind of clients and prospects. Read now!
- Blog
15 Feb 2024
Am I ready for Offshoring?
For business owners, directors, and accountants of small or medium-sized enterprises, the prospect of offshoring services often raises a crucial question: "Am I ready for offshoring?" 20:20 Innovation partner, Exel Solutions, take a deeper look.
- Blog
07 Feb 2024
Is 2024 a Year of Three Finance Acts?
This article looks at the prospect of up to three Finance Bill announcements in 2024 and what that might mean for you as accountants and your clients.
- Blog
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 losses of unincorporated businesses to HMRC.
- News
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 accountants, bookkeepers and tax professionals.
- Blog
25 Jan 2024
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: technology will play a vital role in shaping the future of the accounting profession, and that the future success of your business requires you to embrace these advancements and use them to drive efficiency and growth for your practice. The question is, what technology should you adopt next? Tiller Technologies believe that their E-ID solution, Verify by Tiller, is the obvious choice.
- Blog
25 Jan 2024
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. While this may not have any immediate consequences, if the company is unable to repay the borrowing, this situation will change.
- Blog
25 Jan 2024
Navigating scope creep: 5 strategies for managing client expectations
Scope creep, the gradual expansion of project objectives beyond the initial agreement, poses challenges for accountants acting as project managers. To counter it, employ clear upfront pricing, formal engagement letters, a firm yet fair approach, clear project briefs, and a breakdown of deliverables and milestones. These strategies establish transparency, manage client expectations, and contribute to project success. Leveraging tech solutions like GoProposal enhances efficiency and clarity in client relationships and pricing strategies.
- Blog
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 essential. Read on for more information.
- Blog
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 topics that may be of interest to taxpayers
- Blog
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 the year. Find out what our key predictions are.
- Blog
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 free end of year checklist for 2023 read on.
- Blog
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 extremely problematic. Find out more about the case.
- Blog
11 Dec 2023
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 their own offshore team. Find out more about offshoring today.
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 for individuals. Read more for advice.
- Blog
28 Nov 2023
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 clients, so you can not only avoid them, but dazzle your prospects with a world-class onboarding experience.
- Blog