Category: Uncategorized

Here’s a quick look at what’s new

AI-powered bank feed Automatically categorise transactions based on previous behaviour.

Built-in UK depreciation methods within QuickBooks Online Advanced Automatically calculate reducing balance method of depreciation in line with UK accounting standards.

Practice Manager updates Custom task statuses, bulk actions, and saved views.

Enhanced user permissions in QuickBooks Online Advanced More control over who sees and edits what.

Faster homepage on QBO and Advanced Save time with quicker load speeds and smoother performance.

A survey by City AM reports that only 28% of company directors feel ready for compliance with key provisions of the Economic Crime and Corporate Transparency Act (ECCTA)

“Companies House signals a strict enforcement approach, including the potential for unlimited fines and director disqualification.”

Read City AM’s article HERE.

Some tax advisers provide advice that facilitates non-compliance by their clients. This harms the tax system and increases the tax gap, which is estimated to be 4.8% of theoretical tax liabilities or £39.8 billion in absolute terms in the 2022 to 2023 tax year.

HMRC are consulting on increased powers to tackle tax advisors that abuse the system. Click here.

Published 26 March 2025