Digitising your practice
Mastering mid-tier technology
- Hub page
- 29 Jun 2023
In our first post-pandemic research focused on mid-tier practice technology, we’ve seen some substantial changes in the landscape. Responses have given us cause to be optimistic, but also highlight challenges in the digital transformation journey. Addressing these challenges presents opportunities for firms, software providers and ICAEW.
Advisory is not just about the apps but they do help...
- Article
- 27 Jan 2021
- Andrew Coulson
In this article, Andrew Coulson FCA talks about how to select apps for advisory and how to use them to support delivering business advice.
Develop your digital practice
- Article
- 03 Jan 2024
- Matt Flanagan
How can accountants turn accounting apps to their advantage and use them to generate income? Matt Flanagan from BlueHub shares his tips.
Making Tax Digital
Business tax compliance costs £15bn a year
- 10 Feb 2025
- ICAEW Insights
In its latest report, the National Audit Office (NAO) explores the costs for businesses in meeting their tax obligations and for HMRC in administering the tax system. It reveals UK businesses incur costs of at least £15.4bn each year.
HMRC contacts companies owning residential property
- 31 Jan 2025
- ICAEW Insights
HMRC is writing to companies that may need to disclose liabilities to the annual tax on enveloped dwellings (ATED), possibly because they have relied on a relief that is not due.
Testing MTD for income tax: an accountant’s perspective
- 06 Feb 2025
- ICAEW Insights
While submitting quarterly updates is “smooth and straightforward”, HMRC must resolve the disconnect between that process and the annual return, says Aaron Patrick of Boffix.
Technical round-up: January 2025
- 30 Jan 2025
- ICAEW Insights
This month’s top stories feature Parliament accusing HMRC of damaging trust in the tax system; a warning to not respond to a fraudulent agent services text message; and more from the How to fix VAT campaign.
ICAEW’s view on plans to charge IHT on pensions
- 27 Jan 2025
- ICAEW Insights
ICAEW is concerned that the proposed processes for bringing more pensions within the scope of inheritance tax (IHT) will cause delays in payouts to beneficiaries and place a significant administrative burden on pension scheme administrators (PSAs).
Reconsider changes to taxing overseas interest, says ICAEW
- 27 Jan 2025
- ICAEW Insights
ICAEW has suggested an optional election for taxpayers to be taxed on a calendar year basis in respect of all their overseas investment income in response to the government’s consultation on simplifying the taxation of foreign interest.
Update on making tax digital and jointly owned property
- 21 Jan 2025
- ICAEW Insights
HMRC has made changes to the making tax digital income tax (MTD IT) notices, mainly relating to income from property. The current self assessment reporting relaxation for joint property will not be available to those in MTD IT.
New requirements for EU-GB imports from 31 January
- 17 Jan 2025
- ICAEW Insights
ICAEW is reminding businesses that, from 31 January 2025, all goods imported from the European Union (EU) to Great Britain (GB) must be covered by a safety and security declaration.
Data analytics
Exclusive
Ethical use of big data in financial services – case studies
- Helpsheets and support
- 05 Mar 2019
- Financial Services Faculty
ICAEW’s Financial Services Faculty is looking at how firms and consumers can deal with the challenges presented by a big data world.
Data Analytics Transforming Internal Audit
- Report
- 17 Mar 2017
- Stephen Magora
A paper from Credit Suisse entitled: Data Analytics Transforming Internal Audit – Pillars of Success, written by Stephen Magora, Director, Data Analytics at Credit Suisse.
Internal audit in the age of data analytics
- Helpsheets and support
- 16 Jun 2017
- Audit and assurance Faculty
How internal auditors should strengthen their governance frameworks to cover emerging data-analytics risks in the areas of quality, talent, independence and security.
Data Analytics Certificate
Sign up to the ICAEW Data Analytics Certificate.
Learn Python modelling skills and enhance the value you get from your data.
