Accountingweb

On this week's episode, the AccountingWEB team discusses the growing burden of anti-money laundering regulations, GoSimpleTax's acquisition of Coconut and are later joined by Will Farnell to discuss the philosophy of the human-led firm. With regulators ratcheting up fines and accountants struggling to keep up, tightening AML regulations continue to cause headaches for practitioners. And, with the recent news that one "overwhelmed" practitioner has been slapped with a total financial sanction of close to £25,000 for AML breaches, Richard Hattersley and Tom Herbert discuss how this essential, yet burdensome measure is affecting the profession. Also on the pod, Tom talks us through the winding story of GoSimpleTax's aquisition of accounting app Coconunt after the vendor was doomed to failure thanks to the delay of MTD ITSA earlier this year. And finally, Will Farnell, the founder of Farnell Clarke and digital pioneer, beams into the pod studio to discuss the release of his new book 'The Human Firm' and looks

This special episode of the podcast explores the latest trends in accounting software, and how for many firms thoughts have now turned to how to streamline practice processes, chase late clients more efficiently or boost firm revenues. For full details visit the show page here: https://www.accountingweb.co.uk/content/no-accounting-for-tech-ep14-whats-on-accounting-firms-software-shopping-lists

Just before the Easterweekend, it was reported that HMRC have decided to restrict the Agent Dedicated Line from April 17.The controversial move by HMRC highlights yet another example by the tax authority to transition towards its 'digital by default' vision of nudging agents towards online services. Yet, what does this mean for tax agents still relying on more traditional means of communication, and are HMRC going about realising their vision in the right way? To discuss this growing issue, Richard and Tom are once again joined by friend of the pod and tax expert Paul Aplin OBE as he takes time away from his new border collie puppy to chat about HMRC's desire for digital, while looking at ways for everyone to enjoy the fruits of the digital revolution. Podcast Speakers: Richard Hattersley Tom Herbert Paul Aplin OBE Producer: Will Cole

Richard Hattersley and John Stokdyk are back once again with a brand new episode of Secrets of Accounting Excellence. This week's episode shines the spotlight on process and efficiency, an area filled with opportunity for the ambitious firm. Whether it's implementing tools to boost efficiency, or striving for continuous improvement amongst their team, accountants can transform the operations by ensuring this essential pillar of accounting excellence is met. Joined by BluSky's Client Relationships Director Nathan Embleton, the panel will be giving you a peak behind the curtain of what it takes for a firm to take their processes and worflows to that next, award-winning level.

On this week’s podcast FreeAgent CEO Roan Lavery tells AccountingWEB tech editor Tom Herbert about his part in the company’s growth from a side project into a major player in the cloud accounting industry and where he believes the vendor’s future direction lies.

News of an unnamed OnlyFans creator who claimed cosmetic dental work and breast implants as a business expense created a media storm last week. One newspaper raged, ‘close 'loophole' that lets OnlyFans stars get tax breaks’. But there is more to this story than the headlines led you to believe. Today on the show we speak to Rachel Harris, the accountant of this unnamed OnlyFans creator, and find out about some of the complications in dealing with this expense. Also on the podcast, the panel take a closer look the recent publication of both Sunak and Starmer's tax returns and ask "was there any real point?", and Tom gives us the lowdown on a new dating sim featuring a character who has a very keen interest in your finances... Podcast speakers - Rachel Harris - Richard Hattersley - Tom Herbert Producer - Will Cole

Join AccountingWEB's Richard Hattersley on a deep dive into the world of Accounting Excellence in the first episode of our brand new podcast series. This week, Richard is joined by editor at large John Stokdyk, as well as previous Accounting Excellence award winners Madison Dennis from Pink Pig Financials and Writer's Tax Jonathan Ford, to discuss one of the key pillars of accounting excellence - client service. Offering a peak behind the curtain of their own firms, our panel discuss the various ways your team can go above and beyond for your clients. And who knows, maybe you could be our next client service winner?

Mayday CEO David Tuck joins the podcast to discuss being an accountant at a tech startup, how his new firm is setting out to ‘mend month end’ for larger companies using SME accounting software, and what the accounting profession can do to make itself more attractive to potential new recruits.

As the dust settles on yet another Spring budget, Richard and Tom, alongside guests Beth Steer, Chris Campbell and Nimesh Shah digest the day's big announcements and discuss how the Chancellor's budget may affect clients in the future.

The No Accounting for Tech podcast was recorded live from QuickBooks Connect London 2023. Situated at the former fish market in Old Billingsgate and overlooking the River Thames, QuickBooks’ first UK conference in four years saw the provider announce a raft of new products and enhancements. In her first QuickBooks Connect as UK general manager, Jolawn Victor discussed her first year in the role and laid out her vision for the future of the Californian vendor’s ambitions on this side of the Atlantic. It was then over to UK product director Nick Williams to expand on the new services available to QuickBooks users, including new practice management, tax, accounts production and payroll bureau tools, and enhancements to its existing QuickBooks Advanced product.

On this week's No Accounting for Taste, the Aweb gang are joined by Director & Co-Founder of Juno Sports Tax Sophia Thomas, as she breaks down the various intricacies facing the sports accounting profession. Recently being added to the prestigious Football Black List, a celebration of black excellence across all aspects of the beautiful game, Thomas has become a knowledgeable and well-respected practitioner of this niche field. Explaining some of the unique hurdles her industry faces, Thomas gives us keen insights behind the curtain of sports accountancy. Also on the pod, our panel discuss the recent issues with HMRC's agent dedicated line and recent accusations of slow service, as well as the upcoming Quickbooks Connect event making a long-awaited comeback. Podcast guests: Richard Hattersley Tom Herbert Sophia Thomas

Accounting tech stalwart Sabby Gill joins the AccountingWEB podcast this week to outline his views on the government’s delay to MTD ITSA, the tricky line growing SaaS companies have to tread when it comes to pricing their services, and where he hopes to take the company over the coming years.

This week on No Accounting for Taste, Richard is joined by Aweb's Editor at Large John Stokdyk and Accounting Excellence alumni/judge Bhimal Hira to discuss the opening of this year's awards entries, as well as some exciting new changes to one of the accounting calendar's biggest events. Also on the podcast, the panel discuss the recent news that the number of pubs and restaurants calling last orders has reached its highets point in over a decade, and consider what can accountants do to help their hospitality clients through the storm? Podcast speakers: Richard Hattersley John Stokdyk Bhimal Hira Editor: Will Cole

Cloud accounting royalty joined the podcast this week in the form of Xero’s first UK managing director Gary Turner. In 2021, Turner took the decision to step back from Xero after nearly 13 years at the helm. During his time with the Kiwi cloud company, Turner took them from three employees and a turnover of £56,000 to an annual income of £150m from around 850,000 customers. Since his decision to leave Xero, he has taken on a range of responsibilities including mentoring, investing and starting a newsletter about running a fast-growing business and the leadership lessons he learned along the way. Speaking to technology editor Tom Herbert at AccountingWEB HQ, Turner outlined his views on the current state of the software market, which he feels is in a state of flux as the pendulum swings from a range of interconnected best-of-breed solutions back to a more consolidated approach. “If you look at pretty much any market, product category and industry at any time, it’s likely to be in the process of either be

SuiteConnect London 2023 was the cloud vendor’s first in-person UK conference since 2019, and the NetSuite team announced a series of product developments to bolster its efforts to win the hearts and minds of UK mid-market businesses, including planning and budgeting tools, a billing engine and enhanced analytics capabilities. With the launch of Netledger in 1998, Goldberg is credited by many as being the first to take desktop accounting software and put it on the cloud. In the podcast he reflects on cloud accounting’s journey to acceptance, and whether his idea has evolved in the way he expected. The discussion also touches on why mid to larger-size businesses are increasingly focussed on investing in cloud accounting tools, whether the UK government’s dream of establishing a ‘Silicon Valley’ this side of the pond is a realistic one, and what can be done to tackle the UK’s failure to help small businesses scale up. Goldberg also reflects on the new wave of generative AI tools sweeping through the accounti

This week on No Accounting for Taste, the AWEB gang is joined by Louise Herrington, founder of Performance Accountancy, to discuss what has, once again, been a full on self-assessment season. Touching upon all of the SA pain-points, from late filing clients to HMRC delays, the panel ask themselves how this year's busy season has gone and whether the exceptional circumstances we're currently living in has piled even more pressure onto exasperated accountants. Podcast speakers: - Richard Hattersley - Tom Herbert - Louise Herrington Editor: Will Cole

Since its release in November, ChatGPT has made headlines across the tech world, with millions of users instructing it to perform a dizzying array of different tasks – telling jokes, writing code, and, most pertinently for us, exploring its applications for accountancy. Jess Slack is a chartered accountant, part-time finance director and Excel trainer, and has been trialling the ChatGPT tool for a few months to see how it could potentially be used by accountants. She talks to pod host Tom Herbert about how the service and others like it could help the accounting industry become more efficient. Areas explored in the discussion include how ChatGPT copes with Excel queries, what it makes of charity VAT and what functions such AI-based tools could be used for in the future. Background reading for the podcast: How can ChatGPT help finance teams? - Jessica/Jess’s blog AI chatbot falls just short on accounting exam - AccountingWEB Can a chatbot give tax advice? - AccountingWEB Podcast written and hosted by T

As we wave goodbye to 'Blue Monday' and the first half of busy season, Richard and Tom sit down with Boddice Accounting's Vicki Boddice to discuss how the week's biggest accounting stories. Touching upon the recent news that insolvencies were up 32% compared to the year before, the panel discuss how businesses are struggling through the economic storm facing the UK and what accountants can do to support their clients. Also on the pod, the team look at the state of the hybrid working experiment in the face of the recent story of a Canadian accountant being sued for "time-theft." And finally, we try to buck the trend of January blues and ask our the panel what should accountants should be looking forward to in 2023. Podcast Speakers: - Richard Hattersley - Tom Herbert - Vicki Boddice Producer/editor - Will Cole

AccountingWEB tech editor Tom Herbert speaks to Darren Fell, CEO of Crunch and pioneer of a concept he calls ‘accounting as a platform’ which combines the company’s own accounting software with a digital network of micro-practice accountants.

On our first episode of 2023, Richard and Tom are joined by first-time guest Mitch Hahn, CEO of Nordens Accounting, as they look to make sense of what is already looking to be an interesting year for the profession. With the christmas decorations packed firmly back up in the attic, accountants are back from their break with the knowledge that 5.7m taxpayers are still to carry out their self-assessment duties, and you know what that means - Busy Season. As the 31st draws ever closer, our panel discuss how this tax year has differed from previous tax battles, and consider what tactics can be employed to keep the pulling out of hair to minimum. Also on this week's podcast, the team get a chance to analyse the MTD delay now that the dust has settled, as well as chatting about the ever-growing debate of artificial intelligence's role in accounting.