Key takeaways Every acquisition changes finance immediately—close, consolidation and reporting all get harder with each new entity. Day-one data migration and system alignment set the tone for how smoothly an entity integrates. Standardising processes before the next deal saves far more time than fixing them after. Sector-specific requirements—regulatory, asset-heavy, or otherwise—add extra layers to group […]
Key takeaways AccountingWEB research in association with Sage reveals that just 7% of accountants report a “transformational impact” from AI, while 53% report only “minimal or moderate benefits”. Two-thirds already believe their core accounting software includes AI—so any first adoption decision for AI may cost a practice nothing at all. The one benefit that shows […]
AI isn’t just for large corporations but for small businesses, too, offering the power to transform operations, improve customer experiences, and boost efficiency. One expert in the use of AI for business is Heather Murray, who specialises in training non-technical people in the use of Microsoft Copilot. Heather talked to Sound Advice podcast host Bex Burn-Callander to demystify […]
Key takeaways MTD’s quarterly updates means you’re in the best position to know about your tax bill, thanks to HMRC’s estimate. MTD’s focus on better accounting and up-to-the-minute records could help you get finance such as loans or mortgages. MTD is your time to finally get on top of your accounting by making it digital—and […]
From The Apprentice to Dragons’ Den, we’ve all seen TV shows where would-be entrepreneurs pitch for funding to start a small business (or scale a company later down the line). While these shows make for great entertainment, they can make the idea of getting investment seem rather scary. In the real world, there are several ways to get funding to start a business […]
Recent Sage research revealed that 49% of invoices owed to UK small and medium-sized enterprises are overdue. That’s a big problem, because when clients miss agreed payment deadlines, the resulting cash-flow pressure can affect day-to-day operations, investment plans, and profitability. The good news is that UK law provides Small and Medium Enterprises (SMEs) with a number of measures to encourage timely payment, and modern […]
Making Tax Digital (MTD) for Income Tax is HMRC’s move to make eligible sole traders and landlords keep digital records and submit Income Tax updates using compatible software. It starts in phases from 6 April 2026, depending on your qualifying income from self-employment and property. In practical terms, MTD for Income Tax means using software to keep records […]
All businesses registered for VAT now need to follow Making Tax Digital for VAT, even if they’re below the VAT registration threshold (currently £90,000). The MTD for VAT rules say you have to use compatible software for VAT accounting and keep VAT accounting records digitally. It’s a significant change. But it’s simply that the government wants to help businesses move into the digital age—with […]
Later on this year, a new law could force employers to publish salaries in every job advert, something that a lot of businesses and HR teams have historically avoided. When you think about the principle behind it – saving candidates time, ensuring fair compensation – it’s hard to argue with. But, as with everything in […]
If you’re a sole trader or landlord facing your Making Tax Digital (MTD) for Income Tax quarterly update, you might’ve figured out the basics: the first one is due by 7 August 2026, and you send it through your software. But dig into the detail and MTD is full of quirks, easements and shortcuts that […]
