AccountingWEB (UK)

AccountingWEB (UK)

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Practice, tax, tech, regulations for accountants

When Tax Avoidance Turns Sour
NewsApr 24, 2026

When Tax Avoidance Turns Sour

Tax avoidance can boost wealth, but missteps trigger hefty back‑tax bills, interest, penalties and public shaming. Recent UK cases – a £5 million (≈$6.3 million) HMRC settlement by Nadhim Zahawi and scrutiny of Angela Rayner and Richard Tice – illustrate career‑damaging fallout. Accountants and...

By AccountingWEB (UK)
Accountants’ Role in an AI World Is Pivotal
NewsApr 16, 2026

Accountants’ Role in an AI World Is Pivotal

The article argues that accountants must become the architects of AI governance as the technology reshapes finance functions. It highlights three critical areas: the patchwork of employee attitudes toward AI, the way AI magnifies existing biases, and the need for...

By AccountingWEB (UK)
Could Tax Avoidance Be Next on AI’s Agenda?
NewsApr 15, 2026

Could Tax Avoidance Be Next on AI’s Agenda?

The article argues that artificial intelligence could become a new weapon in the fight against tax avoidance, with HMRC considering large‑language models to spot illegal schemes faster than human auditors. At the same time, the same technology could be weaponised...

By AccountingWEB (UK)
Is WFH Working for the Profession?
NewsApr 9, 2026

Is WFH Working for the Profession?

MyPerfectCV’s 2026 UK remote‑work report finds that employees can save up to £2,400 (≈$3,050) annually, though higher home‑office costs cut those gains. UK workers average 1.8 remote days per week—the highest rate in Europe—while 78% say their work‑life balance improved,...

By AccountingWEB (UK)
Inside the Accounting Firm with No Humans
NewsMar 26, 2026

Inside the Accounting Firm with No Humans

Consultant Alexis Kingsbury launched Accrual Intentions, the world’s first fully AI‑staffed accounting firm, using Claude Code to create 11 distinct AI agents and a complete workflow. The experiment was tested on ICAEW fellow Ryan Pearcy’s company, producing a full set...

By AccountingWEB (UK)
Can You Avoid the Incoming MTD Headache?
NewsMar 5, 2026

Can You Avoid the Incoming MTD Headache?

Making Tax Digital (MTD) for income tax launches on 6 April 2026, initially applying to businesses with £50,000 turnover. The threshold will subsequently fall to £30,000 and then £20,000, pulling a large swath of small landlords and part‑time self‑employers into the regime....

By AccountingWEB (UK)
Introduce an AI Policy Before It’s Too Late
NewsMar 4, 2026

Introduce an AI Policy Before It’s Too Late

Accounting firms are urged to formalise AI usage policies as artificial intelligence becomes integral to audit, tax and advisory work. The Finance, Accounting & Bookkeeping Show in Birmingham will host a dedicated programme on AI threats and opportunities, highlighting the...

By AccountingWEB (UK)
Partners in Decline: What’s the Future for Partnerships?
NewsFeb 4, 2026

Partners in Decline: What’s the Future for Partnerships?

The accountancy profession is witnessing the near‑complete erosion of the traditional partnership model, replaced by limited‑liability partnerships and subsidiary companies. Unlimited personal liability, once a hallmark of partnerships, has been mitigated through LLP structures, shielding partners from colleagues' mistakes. Private‑equity...

By AccountingWEB (UK)
Here’s to the Self Assessment Crazy Ones
NewsJan 29, 2026

Here’s to the Self Assessment Crazy Ones

January’s self‑assessment deadline forces UK accountants into an annual sprint, with 5.65 million taxpayers still filing as the month begins. Managing partners at mid‑tier firms, despite deal‑making and AI projects, are back at desks completing returns, treating the period as a...

By AccountingWEB (UK)
How Do You Know if Your Price Is Right?
NewsJan 22, 2026

How Do You Know if Your Price Is Right?

Accountants face a crossroads in 2026 pricing, weighing freezes, modest inflation‑linked increases, reductions, or bold hikes. While fee freezes effectively act as cuts in a high‑inflation environment, modest increases tied to CPI or RPI are generally client‑acceptable. Reducing fees may...

By AccountingWEB (UK)
No More Worlds for Accounting Software to Conquer?
NewsJan 15, 2026

No More Worlds for Accounting Software to Conquer?

The article argues that core accounting software has reached a plateau, with recent cloud‑based tools delivering mainly incremental upgrades rather than breakthrough functionality. While AI promises automation, tangible, consistent benefits for accountants remain scarce, and many AI‑driven features feel like...

By AccountingWEB (UK)