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Why Use Digital Software Over HMRC

With Making Tax Digital for Income Tax around the corner HMRC will be moving away from maintaining their own software. Now is the time to switch to digital. Digital software helps those that need to submit a tax return keep on top of their bookkeeping. But that’s just the beginning. We’ve asked Mike Parkes from GoSimpleTax to better explain the

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Insurers must pay SMEs’ lockdown losses

Tens of thousands of small businesses could be set to finally receive insurance payments covering their loses from the first lockdown, following a new court ruling. The Supreme Court has found in favour of SMEs receiving payments if they had business interruption insurance policies. The ruling is expected to cost insurance companies hundreds of millions of pounds. The test case

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Big rise in student cheating

Universities across the globe are reporting a spike in student cheating during the pandemic, driven by online learning. It has led to calls for a fundamental rethinking of what is being taught and assessed, Times Higher Education has reported. The speedy transition to virtual environments added to student stress and vastly increased their opportunities to use online ‘assistance’. Many students

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At least 250,000 UK small businesses set to shut, study warns

A record number of small business owners are planning to close their firms over the coming year, putting the UK on course to lose more than a quarter of a million businesses, according to the Federation of Small Businesses (FSB). Almost 5% of the 1,400 firms surveyed for the FSB’s Small Business Index (SBI) study say they expect to close

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Friday Roundup Podcast 15th January 2021

Please note this podcast was recorded on 14th January The news from the week ending 15th January 2021 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Simon Recap of the coffee morning this week with 2 guest speakers Jordan Vickery from Pixie the practice

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Simplifying your bookkeeping business – The Pixie Interview

Episode 18 of the IAB Podcast In this episode of the IAB podcast, I’m interviewing the co-founders of Pixie. Jordan is the Co-Founder and Head of Marketing at Pixie. He’s previously worked and consulted with a number of leading names in the accounting profession including Practice Ignition, Accountex, Digital Accountancy Show and more. He’s also the host of ‘How to?

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The rise and rise of the robots

Large swaths of businesses have used the Covid-19 pandemic to bring in the robots. New research from Deloitte on robotic and intelligent automation found two-thirds (68%) of business leaders worldwide used automation to respond to the impact of the pandemic. The Big 4 firm’s survey of 441 executives from 29 countries shows how the lockdown has forced many organisations to

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How To Limit Your Stress This Tax Return Deadline – Take control of your clients

Dreading January? As an accountant to self-employed sole traders, we’re going to guess that’s a yes – unless you’ve managed to file your clients Self-Assessment tax returns already… hats off to you if you have! Getting this monumental task completed early is no mean feat. But it is possible to get through the tax season without experiencing a stressful sprint

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Deadline looming for CJRS claims

HMRC is writing to agents to remind them that Coronavirus Job Retention Scheme (CJRS) claims for December must be submitted no later than Thursday 14 January. Claims can be made before, during or after you process your payroll, but HMRC is advising that “it’s best to make a claim once you’re sure of the exact number of hours your employees

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