Accounting Insight News

Two-way payment sync, dimensional reporting with tracking categories, and payment method mapping: less manual work for advisors, cleaner books for clients. The best inventory software for Xero just got a major upgrade. inFlow Inventory is rolling out the biggest update yet to its Xero integration: two-way payment sync, support for Xero tracking categories, and payment-method mapping that sends every transaction to the right account automatically.

TaxAssist Accountants is expanding the support available to its clients with the launch of TaxAssist Plus – a new proposition designed to connect small business owners with carefully selected specialist partners through a trusted adviser they already know. TaxAssist Plus has been created to help clients access a wider range of services that support their business and personal financial needs, while maintaining the convenience, trust and relationship they value from TaxAssist.

Jerroms Miller Specialist Tax, part of  Sumer, is delighted to announce the publication of the latest edition of Miller, Hardy and Ismail on Company Reorganisations, co‑authored by Pete Miller, Technical Director. The book, published by Bloomsbury Professional, is recognised as one of the foremost technical texts on the taxation of corporate transactions and remains an essential resource for practitioners across the UK.

Six in ten firms now position advisory as a core service, with MTD and e-invoicing posing further opportunity Research from Wolters Kluwer Tax & Accounting shows that UK accounting firms are accelerating their shift toward advisory services, but many have not yet fully embedded these capabilities.

Month-end close is one of the most time-sensitive and resource-intensive activities finance teams undertake. Accuracy matters, deadlines are tight, and even small process inefficiencies can create delays. With the revised FRS 102 lease accounting requirements bringing most leases onto the balance sheet, lease accounting is becoming a more significant part of the month-end close process.

The 2028 Companies House accounts filing reforms present serious operational headaches for UK practitioners. While the recent delay to April 2028 gives firms breathing room, the transition introduces friction points when coaching smaller businesses through the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Accountants are no longer just crunching numbers. They must act as change managers against client resistance, technical deficiencies, and commercial anxiety. 1.

The UK accountancy landscape has hit a critical inflection point. Between sudden political upheaval at the top of government and deep systemic strains within practices, the profession is facing a mid-year reckoning that goes far beyond typical seasonal compliance cycles.

New ACCA guide highlights why early career finance professionals must master storytelling skills to stand out in the workplace and provides expert advice from top Indian stage performers and directors ACCA (the Association of Chartered Certified Accountants) today released ‘From number crunchers to storytellers’ a new guide exploring how changing communication habits are evolving workplace expectations, and the rise of automation are reshaping the skills required for professional success.

AI adoption in accounting firms jumped from 9% to 41% in the past year, yet most firms running pilots will not feel a difference on their P&L. The problem is rarely the technology. It is where firms choose to start. The common pattern is familiar: a goal gets set as “we need to adopt AI,” a committee forms, vendors are evaluated, and six months later nothing has changed. Roughly 70% of digital transformation initiatives never hit their objectives, and AI projects are following the same script.

Metro Bank is supporting communities during the heatwave by offering a place to cool down this summer, with all 78 stores open to members of the public as well as customers, providing a welcoming space for anyone needing respite from the hot weather. Visitors needing to take shelter will be able to make use of seating areas, in an air-conditioned environment, and access drinking water. The cool space will be available during normal store opening hours, from June through to 1 September.