Accountingweb

Host Richard Hattersley welcomes AccountingWEB's John Stokdyk and Maddy Christopher to No Accounting for Taste pod booth to cover the latest news and trends from the profession. On the show this week the team explores the virtual finance director (VFD) trend which is sweeping the profession and has become a core offering at Lime Advisory, the firm of this week's resident accountant Jamie William. He has seen the take up of these services increase over the past 18 months as clients have leaned on his firm for cashflow forecasts and Covid loan assistance. Jamie also reveals key ingredients of his firm’s VFD techstack and how he thinks the trend will evolve. The team also rounds up the big news from the past week. The big news was the abolition of basis periods in 2022. The news was met with exasperation on AccountingWEB. We discuss the effect this will have on accountants and the implementation of Making Tax Digital. This past week also saw Xero’s Gary Turner announce his departure from operational dutie