TOPIC
Getting a grip on open banking
At a glance Open banking lets clients securely share bank data via authorised software, with improved security. Challenges include client confusion, security fears, and inconsistent data formats between banks. Request access during onboarding, reassure clients, and...
The deepfake threat facing accountancy firms
You’ve run your AML processes. No flags on sanctions lists. Politically exposed person (PEP) checks clear. The ID documents match. Everything...
HMRC wins £920k VAT dispute with London builder
At the First Tier Tribunal (FTT), the owner of Harry Construction Limited (HCL), of North London, accepted that ‘the VAT losses arose through...
5 graphs to help you understand the UK tax gap – and what it means for accountants
Image: “HM Revenue & Customs” by Howard Lake is licensed under CC BY-SA 2.0 The tax gap remains one of the clearest indicators of where the...
M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable
Image: Malcolmxl5, licensed under CC BY-SA 4.0 The cyberattack that has targeted Marks & Spencer’s (M&S) is the latest in a growing wave...
HMRC prosecutions of tax evasion enablers plummet
Prosecutions of the enablers of tax evasion have plummeted by at least 75% in the past five years and are lower than previously claimed by HMRC,...
Spring Statement 2025: 5 experts say more could be done for small business
At a glance The Labour Chancellor’s first Spring Statement was met with disappointment by small businesses. With announcements from October...
Spring Statement 2025: chancellor targets tax advisers and scheme promoters in bid to close tax gap
Tax advisers and scheme promoters face a crackdown, as the government looks to target those pushing tax avoidance. Delivering the Spring...
Is terrorist financing a real threat?
Unlike money laundering, which involves disguising illegal funds to make them appear legitimate, terrorist financing often involves both legal...
What are the benefits and risks of outsourcing in accounting?
For accountants, outsourcing certain areas of work can lower costs, free up resources and fill skills gaps. At the same time, outsourcing...
How to navigate updated data privacy rules
At a glance With cyber incidents increasing, the UK government is strengthening data regulations Accountants handling sensitive data need to get...
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