Latest news with #InternationalAccountingBulletin
Yahoo
2 days ago
- Business
- Yahoo
Deloitte elevates seven executives to partner status in Scotland
Deloitte has promoted seven executives to partner status across its offices in Glasgow, Edinburgh, and Aberdeen, Scotland. Of these promotions, four are women, the accounting giant said in a statement. The newly appointed partners are Jennifer Donnachie, Laura MacDougall, Lyndsay MacGregor, Marc McNulty, and Paul Cowley in Glasgow, as well as Patrick Werner in Edinburgh and Sarah McGavin in Aberdeen. These promotions are part of a broader initiative that will see 60 new partners appointed throughout the UK in 2025. Significantly, six of the newly promoted partners commenced their careers at Deloitte, advancing through the graduate programme. Jennifer Donnachie and Lyndsay MacGregor entered the firm as graduates in the Tax division, while the others pursued the Audit & Assurance pathway. The promotions cover a range of sectors, including Tax & Legal, Audit & Assurance, and Technology & Transformation. Paul Cowley brings extensive experience to his new position, having dedicated 28 years to the firm. Overall, Deloitte's Scottish practice has seen 495 individuals promoted this year, with 13 advancing to director roles. Earlier in 2025, Hazel Gray and David Mitchell were appointed as the new senior partners for the Aberdeen and Glasgow offices, respectively. In addition, Deloitte's Aberdeen team has recently transitioned to a new office in the city centre, reinforcing the firm's commitment to strengthening its footprint in key markets across Scotland. Deloitte Scotland and Northern Ireland Practice senior partner Angela Mitchell said: 'These appointments reflect their expertise, commitment and leadership, and it is particularly encouraging to see so many of our new partners having started their careers as graduates, highlighting the firm's focus on developing talent from within. 'I'd also like to acknowledge all of our people who have been promoted across our Scottish offices this year, including those who have stepped up to director. Their achievements reflect the depth of talent we are proud to nurture across the business.' "Deloitte elevates seven executives to partner status in Scotland" was originally created and published by International Accounting Bulletin, 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.
Yahoo
4 days ago
- Business
- Yahoo
‘Purpose with Profit' with Mark Lumsden-Taylor at IAFA 2025
With corporate sustainability firmly embedded in MHA's activities, Zoya Malik, Editor-in-Chief, International Accounting Bulletin reached out to Mark J Lumsdon-Taylor, Head of Sustainability at MHA (a Baker Tilly firm) to learn about their ESG advisory services and why it's critical to align with UK and international climate impact and risk assessment guidance and programmes Zoya Malik: Kindly describe the topic you are presenting at IAFA 2025 and how this will impact your clients' business and growth Mark J Lumsdon-Taylor: MHA offers a class-leading suite of ESG and sustainability services across advisory and technical reporting. When building our services suite, we noted that many businesses that are mandated to report their greenhouse gas emissions, did so reluctantly, whilst smaller companies avoided ESG and sustainability engagement. Many saw the value for the planet, but the value to their business was less clear. We determined to break that cycle. We adopted a mantra informing everything we developed and delivered: Purpose with Profit, ensuring the benefits to a company are as clear as those for the planet. That as I say, 'Corporate sustainability does not have to come at the cost of corporate profitability'. This approach means we qualify every sustainable action with the business benefits it delivers. We identified 10 real-world benefits for smaller companies, often undecided about their sustainability journey: Your company forms part of the Scope 3 emissions of your customers – non-compliance can mean lost business Government procurement requires demonstrable ESG commitment Sustainability programmes can deliver enormous efficiency gains Better loan terms can be offered to more sustainable businesses Sustainability can deliver enormous competitive advantage Non-compliance can be costly in terms of fines and business losses Investment criteria now include sustainability dimensions Attracting and retaining staff often requires a strong business sustainability profile Sustainability can provide compelling content for marketing and PR Leaders stand out, so ESG and sustainability leadership can attract conquest business We also co-developed a unique business sustainability assessment tool called Activate. With Activate we can assess any company's sustainability position, embryonic or in progress, under E (Economic), and ESG headings. From there we are able to inform a company's ESG and sustainability planning, including their route to net zero. As part of the global Baker Tilly International network, we deliver our services throughout the world, from CSRD reporting in Europe, SECR and ESOS compliance in the UK, to advising and reporting for countries across the world. ZM: Do tell us about the trends in the market that will impact the accounting industry and your business segment over the next 24 months in your growth markets. MLT: With climate change impacting all business risk assessment, our sustainability offering has grown exponentially in importance to our company and to our clients. The legal obligation for the UK and other countries to meet the aims of the Paris Agreement, the EU publicly declaring it wants to lead the world in sustainability, the European Green deal and its Fit for 55 enabling mechanisms, as well as national programmes across the globe, means there is increasing pressure on companies of all types to make and deliver on their sustainability commitments and obligations. As some countries return to higher GHG emissions, that need increases amongst other territories, and at MHA our robust suite of services is designed to galvanize enthusiastic commitment. ZM: How do you value your presence at IAFA 2025 and with IAB & The Accountant ? What is the objective this year for you and your business attending IAFA 2025? MLT: Billed as 'where innovation meets integrity in Accounting' the IAFA International Accounting Awards sum up the very essence of our approach to corporate sustainability at every level. We need a sustainable planet, and responsible business sustainability must go hand in glove with that. "'Purpose with Profit' with Mark Lumsden-Taylor at IAFA 2025" was originally created and published by International Accounting Bulletin, 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. Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Paychex launches Partner Pro portal for accountants
Paychex, a human capital management company, has announced the launch of its new Paychex Partner Pro portal, for accountants. This platform is designed to provide accountants with access to essential client data, reporting, and insights, specifically for business clients utilising Paychex Flex. The Paychex Partner Pro portal is said to redefine how accountants manage their book of business by offering proactive insights in a centralised view. This enhancement is expected to streamline workflows and bolster client advisory services. Paychex vice president and general manager, HCM solutions – small market, Ted Jordan said: 'Paychex Partner Pro provides a clear view into some of the most critical aspects of today's accounting operations, including aggregated client payroll and HR information, the ability to address outstanding issues, and, most importantly, identifying missing information that could help reduce potential penalties.' 'These enhanced features ensure accountants have the tools they need to be more efficient and proactive for their clients.' Jordan continued: 'Paychex Partner Pro reinforces our long-standing commitment to improving the accountant experience through continuous innovation based on user needs and industry trends.' Accountants who were earlier using Paychex's AccountantHQ now have the ability to access the full range of Paychex Flex functionality through an 'intuitive' dashboard that mirrors the client experience. Key features of the Paychex Partner Pro portal include client search capabilities, with the option to pin up to five clients for access to important details. It is also said to provides insights to help accountants identify clients with missing tax IDs, social security numbers, or those who have missed payroll dates, thereby staying ahead of potential issues. Additionally, the portal offers access to a dedicated hub filled with 'advanced and relevant' customer-specific insights. Paychex is set to showcase the Paychex Partner Pro portal at the upcoming AICPA & CIMA Engage 25 conference in Las Vegas, to be held from 9-12 June. Attendees can experience a hands-on demonstration of the portal at the Paychex booth on the expo hall floor. In addition, Paychex will conduct in-person educational sessions during the conference that are eligible for continuing professional education credits. "Paychex launches Partner Pro portal for accountants" was originally created and published by International Accounting Bulletin, 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
30-05-2025
- Business
- Yahoo
Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer
Wolters Kluwer has released survey findings highlighting the adoption, future plans, and drivers of artificial intelligence (AI) in the finance sector. The survey indicates that while 6% of finance leaders currently use agentic AI, 38% plan to adopt it within the next 12 months, leading to 44% utilisation by 2026, a 600% surge. Economic volatility has prompted 67% of finance leaders to use AI for the first time in Financial Planning & Analysis (FP&A). Additionally, 14% plan to increase AI adoption due to the current economic climate, and 8% intend to maintain their AI usage levels. Regarding team resources, 33% of respondents are considering hiring new members to manage economic volatility, while 24% are contemplating restructuring. However, 22% of finance leaders acknowledge lacking optimal team resources but are unable to implement changes. AI skills are deemed crucial by 85% of finance leaders when recruiting for their finance function, with 11% viewing these skills as essential. Data readiness is identified by 44% of respondents as a primary driver for increasing AI adoption. To facilitate this transition, Wolters Kluwer has introduced a Learning Hub to enhance AI fluency and data proficiency among finance professionals, aiming to optimise technology and boost productivity. Increasing accuracy and reducing human error are cited by 40% of finance leaders as key advantages of AI adoption, while 36% highlight efficiency and productivity gains. In terms of efficiency, 42% of respondents expect to save 10% of working time (26 days) through AI usage in the next year, allowing for a greater focus on strategic outputs. Additionally, 24% anticipate a 20% timesaving (52 days), and 22% expect a 5% timesaving (13 days). Wolters Kluwer Corporate Performance & ESG CEO Karen Abramson said: 'At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. 'We have evolved Ask AI to an embedded super agent; it now mobilises cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate.' The survey, conducted with 392 finance leaders on 21 May 2025, took place during CCH Tagetik inTouch25, an annual conference on corporate performance management innovation. Earlier in 2025, Wolters Kluwer released a study on accounting and taxation trends. "Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer " was originally created and published by International Accounting Bulletin, 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. Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
Forvis Mazars expands with new office in Bristol
Accounting firm Forvis Mazars has officially relocated to a new office in Bristol's Assembly Campus. The move, effective from 19 May 2025, is part of the group's strategy to grow its presence in the region. Located in Assembly Building C, the new office replaces the previous Victoria Street office, accommodating the expanding team. Forvis Mazars said the Bristol office is designed with sustainability in mind, achieving the BREEAM excellent standard, placing it among the top 10% of sustainable commercial office buildings in the UK. The office also supports a collaborative and hybrid working environment, allowing team members to move around the campus as needed, the firm said. The move comes on the back of what the company described as 'a period of significant success' for its Bristol team, which has recently posted another year of double-digit growth across its service areas. As part of its continued expansion in serving mid-market businesses and public interest entities, the office has grown its workforce by more than 30 over the past year, bringing the total number of employees in the city to over 100. Jon Marchant has recently been appointed as office managing partner for Bristol. He will oversee the team, focusing on growing the firm's mid-market and public interest entity audit offerings and expanding private client services in the region. Additionally, Forvis Mazars has recently appointed Raj Bhundia as tax partner to enhance its specialist tax services. Bhundia, based in the London office, will focus on expanding this business area and developing the short term business traveller proposition. "Forvis Mazars expands with new office in Bristol" was originally created and published by International Accounting Bulletin, 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
