Latest news with #Accountex
Yahoo
4 days ago
- Business
- Yahoo
Accountex London 2025 attracts more than 16,000 attendees
The 14th edition of Accountex London took place on 14-15 May 2025 at Excel London, welcoming more than 16,000 attendees, including more than 12,000 unique visitors. This marked a 10% increase from the previous year's show. The event attracted visitors from across the UK and internationally, including Nigeria and the Seychelles. Accountex London portfolio director Caroline Hobden said: 'With the MTD mandates fast approaching and AI transforming software and the way we work, there was an electric atmosphere at the show. 'The reaction from the profession has been amazing, with 75% of exhibitors already rebooking their stands for next year.' The event featured more than 300 service and software providers, including prominent fintech companies such as FreeAgent, Intuit QuickBooks, IRIS, Sage, TaxCalc, Wolters Kluwer, and Xero. Exhibitors showcased a wide range of services, from document management and cybersecurity to audit services and cash flow forecasting, offering live demos and sharing tech updates. The event hosted more than 250 sessions across 13 theatres, featuring 295 speakers from the accounting and finance sectors. Key topics included Making Tax Digital, AI's impact on work, Robotic Process Automation, cyberattacks, R&D legislation, apprenticeships, and sustainability reporting. 4cast Bookkeeping director Kristy Glenister, a visitor, said: 'Accountex London never disappoints — and 2025 was easily the best one yet! I attend each year to stay ahead of the curve and discover new tools that can help both my business and my clients thrive. The sheer variety of vendors meant I left with fresh ideas and software I hadn't even known I needed.' New features at the show included the Olyusei App, a UK first, which provided attendees with clear audio via their own headphones. The Solo Traveller Lounge was introduced for visitors attending alone, and British Sign Language interpretation was available across three stages, in collaboration with AAT, Accountex's first 'Accessibility Partner'. The FD Show, announced at Accountex London, will launch in 2026, focusing on finance leaders with expert insights, practical solutions, and live sessions. It will feature more than 40 key suppliers offering enterprise solutions for finance professionals. "We are incredibly excited to launch the FD Show, a brand-new event designed specifically for finance leaders. Running alongside Accountex London in 2026, this new platform will offer CFOs and FD's unparalleled insights, strategic connections, and the tools they need to lead in a rapidly evolving business landscape. We have a huge amount of support and interest already and are very much looking forward to delivering this next year,' Hobden added. Accountex Summit Manchester is set to return on 23 September 2025 at Manchester Central, featuring more than 120 fintech suppliers, a free CPD-accredited seminar programme, and a post-show networking event. "Accountex London 2025 attracts more than 16,000 attendees " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
HMRC set to introduce 'biggest' tax challenge for people who earn over £50,000
HMRC's Making Tax Digitalhas been named the 'biggest challenge' of the next 12 months with thousands at risk of future fines. Making Tax Digital for income tax is expected to be implemented for all self-employed people earning over £50,000 by next April. Just 3% of self-employed people are currently using the required third-party software to submit their tax returns, demonstrating how significant the shift will be over the next year. A new survey by accounting conference and expo Accountex London has found that 4 in 5 accounting professionals think MTD for income tax is the 'biggest challenge' of the next 12 months. READ MORE: UK tourists in Tenerife and Gran Canaria warned as protesters say 'we will not stop' READ MORE: DWP announces exact month bank account checks will begin for three benefits READ MORE UK tourists warned as people 'abandon' Majorca and 'can't take it anymore' Craig Ogilvie, Director of Making Tax Digital at HMRC said: 'With April 2026 on the horizon, we are issuing letters to customers we believe will be mandated, outlining specific requirements and timelines. We urge those who meet the mandation criteria to join our testing programme on now to help shape the final service and make your transition smoother.' Clive Barnett, External Readiness Lead, HMRC: 'Joining our MTD for Income Tax testing phase now gives businesses and agents hands-on experience before April 2026. Participants can prepare for this significant change with benefits such as dedicated support and penalty-free quarterly submissions. 'HMRC is making sure our marketing, communications and product launches all align to ensure there's a package of support around during the testing period and the long-term adoption to help people make the right choices for their business and clients.' Eriona Bajrakutaj, founder of Volt Digital Transformation, explains that MTD implementation will require further communication with clients, potentially requiring firms to hire more accountants. Eriona said: 'If you do not implement digital systems, you will need the extra capacity because we're now going to see clients five times a year. I think managing client expectations will be a big challenge because it means clients will need to reframe their business model to ensure it can report in a digital format. But clients can actually be trained quite easily. The biggest push back to be aware of is from your team. If they don't want to go on the digital journey, it will hinder how fast you get there and how well you can service your clients. Try to involve your teams during every step of the process so they can see what you're trying to achieve and know their opinion matters as you transition.'
Yahoo
13-05-2025
- Business
- Yahoo
Sponsored: Accountex London returns for its 14th year
The world's largest accounting and finance expo, Accountex London is returning to Excel on the 14-15 May 2025. Over 11,500 attendees from around the world are expected to reunite, after the 2024 show was hailed the biggest show in Accountex history. 'Every year Accountex proves itself as THE one-stop-shop for the accounting and finance community. And this edition is no exception! There are lots of new features to help attendees leave with ideas that they can immediately put into practice, and boost their careers. As always, the education programme is packed with exclusive industry updates, and the exhibitor list is full of both established brands and up-and-coming start-ups. By this point, visitors know to expect a few surprises, and we can't wait to see the reactions!' Said Accountex Portfolio Director, Caroline Hobden. Attendees will have the chance to reconnect with existing suppliers, learn about the latest product launches, and explore new solutions, to streamline their business processes, reduce time and costs. The exhibitor list boasts 300 fintech companies including leaders like FreeAgent, Intuit QuickBooks, IRIS, Sage, TaxCalc, Wolters Kluwer, and Xero. As well as emerging brands and first-time exhibitors such as AY Business Law, Briefcase, Business Fitness, Accounting Flow, AuditBot and Adsum. As well as live software demonstrations and face-to-face discussions with the teams behind the brands, visitors will get their questions answered to understand how these solutions can benefit their businesses. The CPD-accredited seminar programme is compiled of 250+ seminars across 13 theatres. Programme themes incorporate everything that affects accounting, finance and bookkeeping professionals in and out of the office. Topics include everything from practice growth strategies and developments in AI to ESG, AML and Making Tax Digital updates from HMRC. As thousands of the accounting and finance community reunite over the two days, there are countless networking opportunities to make new connections and catch up with old colleagues. This includes the Bookkeepers Basecamp, Sustainability zone, Content Creation Clinic and after-show parties. Accountex London is taking place at Excel on the 14-15 May 2025. You can register for your free ticket here. Accountex "Sponsored: Accountex London returns for its 14th year" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
MTD posts challenges and opportunities for UK accountants
Making Tax Digital (MTD) for income tax is poised to reshape the UK accountancy sector in 2025, emerging as both the industry's most significant challenge and its greatest opportunity, according to a recent Accountex survey. The survey, which gauged accountants' perspectives on the digitalisation of tax and Self-Assessment, revealed that 81.70% of respondents view MTD as their primary concern for 2025. Other notable challenges include tax changes (44.44%), AI adoption (38.56%), client servicing (33.33%), and recruitment (20.26%). Despite these concerns, 79.08% of accountants also see MTD as a major opportunity. The top five opportunities identified were MTD (79.08%), AI (46.41%), tax changes (46.41%), client servicing (41.83%), and new business acquisition (21.57%). Accountants noted that MTD's requirement for more frequent communication will provide greater visibility into clients' businesses, enabling upselling, stronger relationships, and expanded advisory services. However, preparedness remains a concern, with 34% of accountants stating they are not ready for MTD for income tax, set to take effect in April 2026 for sole traders and landlords with qualifying income from self-employment and property exceeding £50,000. While previous MTD mandates in 2019 and 2022 saw more than 90% of businesses adequately prepare, 11.15% of agents still rely on the HMRC platform for filing returns, an option that will not be available for self-assessment returns above the £50,000 threshold in 2026. HMRC figures highlight the benefits already being realised, with 45% of businesses reporting time savings of up to 40 hours per year, 40% noting improved operations and finances, and 20% crediting MTD with driving digital transformation. The total estimated value of time saved ranges between £603m and £915m annually. Key changes under MTD for Income Tax include mandatory digital record-keeping, the use of MTD-compatible software, and quarterly submissions of income and expense summaries to HMRC. Accountants estimate that the initial £50,000 threshold will affect 20% of their clients, with the impact expected to grow significantly in April 2027 for those with qualifying income above £30,000 and in April 2028 for those above £20,000. Accountants also view AI as a tool to streamline processes, improve client servicing, and attract new business. The survey suggests that the shift to MTD is not solely about software or compliance but requires a cultural change in how tax and Self-Assessment are approached. Early preparation, client education, and internal team alignment are seen as critical for accountancy firms to navigate and capitalise on this digital transition.
