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Thomson Reuters launches new AI-powered audit intelligence suite - Accountancy Age Thomson Reuters has unveiled its new Audit Intelligence suite today (September 12). Announced from their Toronto headquarters, this new suite of AI-powered, data-driven audit solutions promises to reimagine auditing by significantly enhancing efficiency and accuracy while boosting auditor confidence...

UK regulators launch consultation on the future of digital financial reporting - Accountancy Age The Financial Reporting Council (FRC) and other UK regulators have launched a wide-ranging consultation on the future of digital financial reporting in the country, signaling potential significant changes to how companies submit financial information. The discussion paper, released on August 13, 202...

Do you know what's in the new AI Cyber Code? - Accountancy Age Artificial intelligence is no longer a futuristic concept but a present-day reality. As a result, the UK government is taking proactive steps to ensure that our digital infrastructure remains secure as AI becomes increasingly integrated into our daily lives and business operations. The Department fo...

Navigating R&D tax credit claims in the software development world - Accountancy Age Originally set up to be a generous scheme to position UK companies at the forefront of innovation, Research & Development Tax Relief is one of HMRC’s flagship policies, and one of the most significant tax reliefs available for companies. However, since January 2023, there has been a significant in...

Q&A: EY's Marna Ricker on the promise of quantum computing for tax - Accountancy Age The concept of quantum computing was first introduced by Richard Feynman in 1959 during his renowned lecture “There’s Plenty of Room at the Bottom.” In this lecture, Feynman explored the idea of manipulating individual atoms to perform computations, laying the groundwork for what would eventua...

Q&A: Dains’ CEO Richard McNeilly on Olympian-inspired growth and strategic acquisitions - Accountancy Age Dains is making significant strides as it approaches its 100th anniversary. Recently, the firm has embarked on a series of strategic acquisitions and expansions that highlight its commitment to growth and innovation. With private equity backing from Horizon Capital, Dains has successfully integrated...

Xeinadin bets big with Sage - Accountancy Age Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), together with Xeinadin, one of the UK’s top 20 largest accountancy firms, today announce a strategic partnership. This multi-year partnership positions Sage as the preferred transformat...

5 things I learnt from Xerocon 2024 - Accountancy Age Sue Perkins knows more than XBRL than expected. Xero’s CEO likes to get at least 80g of protein a day, which is hard since she’s a vegetarian. And totebags remain the swag of choice among vendors – I managed to limit myself to only two. All things I learned from Xerocon 2024, but probably not ...

99% Accountants Using AI to Boost Efficiency and Client Services Discover how 99% of accountants are leveraging AI to enhance efficiency and client services, driving profit growth and streamlining processes

Automating AML KYC Compliance with Technology Discover how automating AML KYC compliance can reduce time and enhance security. Learn about biometric verification and other innovations

8 steps to migrate your practice to the cloud - Accountancy Age Thinking about migrating your accounting practice to the cloud, but unsure where to begin? Starting the cloud accounting process can seem daunting, but it offers many benefits for your practice, which is why so many are adopting cloud software. The benefits of cloud accounting include: Increased eff...

VAT Compliance in Digital E-Commerce: Navigating Tax Laws Understand the complexities of VAT in a digital world and how e-commerce businesses can navigate tax compliance across global markets.