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Data has always been critical for accountancy practices. The difference between past and present, is that twenty-five odd years ago when I was an accountant; everything was stored in paper files. I remember pouring over rows and rows of filing cabinets with draws bursting at the seams, boxes and piles…
Paul Onions | 23rd August 2022 | 3 min read
It’s only natural, as we near the turn of the year, to look back and think about what’s happened in the last 12 months – and it’s quite a list! Admittedly, it hasn’t gained quite as much attention as the Royal Wedding and subsequent pregnancy, but this year was also…
Paul Onions | 18th December 2018 | 3 min read
HMRC have waved the white flag, surrendered and admitted defeat adding four new scenarios to their excluded cases list. HMRC have been working hard to overcome the challenges they have experienced with Class 2 NIC, Marriage allowance and updating their calculation to include the new savings starting rate, personal savings…
Paul Onions | 7th April 2017 | 3 min read
Making Tax Digital: Sanctions for late submissions and late payment Consultation HMRC wants to help businesses get their tax right first time and prevent them feeling punished for making mistakes. The penalty model will follow 5 principles that HMRC have defined as: It should be designed from the tax payer…
Paul Onions | 31st March 2017 | 4 min read
Part I – The story so far Adapting to the latest FRS is changing business relationships as UK GAAP goes through its most significant evolution in years. International Financial Reporting Standards (IFRS) have been progressively replacing the various national accounting standards with a single international framework, one which accountants in…
Paul Onions | 25th November 2016 | 2 min read
Scoping out the size of the task In our previous blog posts on how best to approach the changeover to the new FRS, we’ve looked at how using the right software can make the transition a pain-free process and the new business opportunities that are arising as a consequence. The…
Paul Onions | 21st June 2016 | 2 min read
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