News

With the accountancy world constantly evolving it can be a challenge for practitioners to stay up-to-date with the latest news and insight on all they need to know to ensure they deliver a first-rate service to their customers. In addition to it’s CPD programme, in-person seminars and social channels, the CPAA news pages are a great way to digest relevant news content, find out more about legislative updates, review budgetary announcements and gain insight into some valuable in-depth feature articles.

Check out the more recent posts below or view our archive features by month via the right-hand column.

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The continuing evolution of MTD

25 August 2017

Making Tax Digital has seen an interesting few months, where something and nothing has changed. Once lauded by former Chancellor, George Osborne, as a “revolutionary simplification of tax”, we are now a couple of years down the line and the reforms have struggled to fully gain industry confidence, lost some of their grandeur, and have been pushed further and further back. Here, we look at the most recent announcements concerning MTD and what the future now holds.

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Freeze Frame on FRS 102 Changes

28 July 2017

Even from its unveiling in 2013, it was anticipated that the new accounting standard, FRS 102, would require some tweaking, clarification and trouble-shooting as it bedded in and new challenges arose. It was duly announced that the Financial Reporting Council (FRC) would review FRS 102 at least every three years to ensure the standard stayed on track with developments to IFRS.

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Making Tax Digital Penalties: The Plans, Our Response

09 June 2017

With less than a year to go until Making Tax Digital descends for many, the Government has set out a series of plans to address late submission penalties. It may be perceived as putting the cart before the horse, for HMRC to focus on determining the penalty process, when the finer detail about MTD is still lacking. Nonetheless, enabling the industry – including the CPAA – to have an opportunity to provide a response, is a welcome step.

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Cloud Computing

19 May 2017

As the government is moving forward with its plans to implement Making Tax Digital (MTD) it is more important than ever to think about how you can stay up to date and compliant and cloud computing is arguably the easiest and most cost-effective way to ensure this. Below, we look into what cloud computing actually is, the pros and cons and its use for accountants.

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Data Protection: Accountability and Governance

16 April 2017

The Information Commissioners Office (ICO) has updated its overview of the European General Data Protection Regulation (GDPR) which comes into force in May 2018.

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No Spring in the step of the last Budget

24 March 2017

Delivered earlier this month, the Spring Budget made its final appearance, bowing out with less of a bang and more of a whimper. While no massive tax and business overhauls were on the cards, the Chancellor announced a handful of changes that will have ramifications for our members and their clients.

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The March of Brexit and Budget

03 February 2017

March will be a month to remember, with the last March Budget announced early in the month, followed by the Brexit deadline at the end. The first month of Spring will be bookended by two significant moments, and we look at what you can expect.

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Ringing in the changes in the New Year

03 January 2017

So it is said that nothing in life is certain but death and taxes; and where 2016 saw much of the former - from Bowie to Princess Leia leaving us – 2017 will see much change to the latter. This will be the year of the double Budget, many new tax changes, Money Laundering regulations, plus a big year for Making Tax Digital (MTD) and the official start of Brexit.

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Hello, Goodbye, Autumn Statement

01 December 2016

No sooner did he deliver his first Autumn Statement, did Philip Hammond announce it would be his last, with the main Budget moving from Spring to Autumn going forward...

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Warning: Flat Rate Restrictions Ahead

01 December 2016

Taking up just a few seconds of airtime in Parliament and only one paragraph of the Autumn Statement document, a significant announcement was nestled deep in the Autumn Statement that will impact many small businesses, particularly contractors and service providers – including accountants.

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