The cloud offers several benefits for accountants, as it revolutionizes the way they manage data, collaborate with clients, and deliver services. Here are some key advantages of using the cloud in accounting:
In the realm of UK employment taxation, IR35 has become a hot topic and a source of confusion for both contractors and businesses alike. Designed to tackle tax avoidance by "disguised employees," the off-payroll working rules, commonly known as IR35, aim to ensure that individuals working through intermediaries, such as personal service companies, are paying the appropriate employment taxes. In this article, we will delve into the intricacies of IR35, exploring its purpose, impact, and implications for contractors and businesses in the UK.
FinTech innovations are indeed revolutionizing accounting processes in several ways, making them more efficient, accurate, and accessible. Here's a discussion on some of the latest FinTech innovations and their impact on accounting: