Latest Accountancy News and Updates
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 information about the report and what it means for MTD.
- Blog
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. Read 20:20 Innovation insight today.
- Blog
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 for accounting professionals to advise clients on
- Blog
17 Nov 2023
Exploring Closure Options for Solvent Clients
Find out how 20:20 Innovation partner, Begbies Traynor, explain the numerous ways to close a solvent business from liquidation to making the company dormant.
- Blog
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 rules. Read more and protect your firm.
- Blog
13 Nov 2023
20:20 Innovation Website Changes Explained
At 20:20 Innovation we want to make it as easy as possible for accountants to be able to record and monitor CPD. Particularly in light of the recent changes to CPD on 1st November 2023 from ICAEW. Find out more.
- Blog
13 Nov 2023
How to Build a Successful Outsourcing Strategy
Read the AdvanceTrack partner blog on 20:20 Innovation discussing the steps required to develop successful outsourcing in your accountancy practice. Read more.
- Blog
07 Nov 2023
Understanding the New Economic Crime Act
This 20:20 Innovation article summarises the impact of the new ECCTA (Economic Crime and Corporate Transparency Act) on accountancy firms. Read more.
- Blog
03 Nov 2023
The Importance of Ongoing Accountancy Training
Find out how you and your firm can benefit from ongoing accountancy training from 20:20 Innovation with tips for your professional development. Read now.
- Blog
29 Oct 2023
Impact of AI on Tax
There are lots of questions regarding AI’s dependability in tax and advisory matters, the potential risks and opportunities it presents, and ultimately, its impact on the overall advisory market and the accounting and bookkeeping industry.
- Blog
27 Oct 2023
Why CPD in Accounting is Essential
With significant changes to CPD in accounting on the horizon, now is the perfect time for you to consider your own continuing professional development. This could be as an individual or, if you're an accounting partner, for your firm.
- Blog
13 Oct 2023
Why digital marketing for accountants is important
20:20 Innovation can support accountancy professionals with your websites and social media via our digital marketing for accountants support. Read more.
- Blog
11 Oct 2023
The War Against Money Laundering
For any accountant, the biggest professional fear that they face is the prospect of being struck off. The worst thing about it, is that the primary reason for loss of license is one of the most preventable, the facilitation of money laundering. Stringent KYC measures practically eliminate the occurrence of money laundering and are one of the easiest measures to comprehensively implement.
- Blog
09 Oct 2023
Why should accountants have external file reviews?
Are you are responsible for compliance in an accountancy firm? You may well have considered independent file reviews as part of your annual compliance processes, rather than performing the reviews yourself.
- Blog
27 Sept 2023
Analysis: the benefits of outsourcing vs offshoring for accountants
AdvanceTrack Outsourcing sets out the two key methods for leveraging external expertise to run your accounting practice.
- Blog
27 Sept 2023
Become superhuman with the help of FYI
FYI’s efficient document management and process automation engine is empowering accountancy firms to achieve superhuman levels of success by offering easy onboarding, security and reliability and proven ROIs. FYI is on a mission to dramatically improve the productivity of accountants.
- Blog
27 Sept 2023
Working with Virtual Workforce and Offshore Team: A Guide
Officed-based is not the trump card anymore. The ever-evolving landscape of businesses embraces the advanced applications in virtual workforce. Throughout Frontline’s 13 years of experience, we'll be sharing the ultimate guide to upgrading your firm with a Virtual workforce and Offshoring team.
- Blog
27 Sept 2023
What you need to know about advising distressed clients
In today’s increasingly challenging economic climate, it is more and more likely that you will be faced with a client experiencing financial or operational difficulties. Begbies Traynor advise on how to approach this delicate matter with distressed clients.
- Blog