What will accounting look like in 2022? Accounting has been around for thousands of years, but the advances in technology and trends in the business world are always changing how accountants do their jobs. In 2021, there were 380,000 accountants and auditors working in the United Kingdom alone, so it’s safe to say that things […]

Nowadays, more and more people seem to be shifting away from the concept of the 9-to-5 job, which has become more or less synonymous with slave labor in some eyes. For some time now, the freelance economy has been growing steadily, and people are becoming more open to unconventional ways of finding income. In this

With the average organization holding over 10 terabytes of data, it’s important to have an efficient way to search through that information to gain insight on key business processes and opportunities. Many companies are already harnessing big data in accounting, but others are still relying on manual methods of obtaining this information. If you want

For years, experts have been speculating about the future of accounting technology in the face of increasing pressure to provide deeper insights while also saving time and energy on back-end tasks. However, recent studies are showing that neither accounting technology nor human advisors are likely to become obsolete in the near future because of new

The effects of social media encompass different industries. And the accounting industry is one of those. The use of social media in various industries helps improve brand awareness, increases sales, and drive website traffic. So let’s take a look at how your company can also benefit from using social media channels like Facebook, Twitter, YouTube,

Nowadays, SMEs (small and medium enterprises) are outsourcing their accounting functions in order to increase profitability and to focus more on the limited resources of the company such as finance, marketing and operations. It gives SMEs the opportunity to provide better financial information and reduce costs by streamlining bookkeeping processes and automating it with software.

As you’re starting your own business, it’s easy to get so caught up in the minutiae of day-to-day operations that you don’t focus on the bigger picture, which could affect your business’s success or failure in the long run. As an entrepreneur who has gone through all of the trials and tribulations, we want to

In the United Kingdom, VAT (or Value Added Tax) must be paid on most goods and services. However, there are some situations where you do not have to register for VAT or pay any VAT at all. One such example is if your total sales are less than £81,000 in the previous 12 months. To

The ministry of housing Communities and Local Government has issued a publication on the 4th of August regarding new government legislation to ring-fence rent debts accrued during the pandemic by businesses affected by lockdown. The government is also detailing a process of arbitration between landlords and tenants in disagreement due to lockdown rent debts. The

While having an accountant to help you with your finances might not seem like the most exciting part of starting a business, it’s something that you should seriously consider whether you’re just starting out or have been in business for years. Here are five reasons why you need an accountant to help you with your