Daily Digest
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EXPERT INSIGHT BY DAYSHAPE
The profitability engine accountancy firms are overlooking
Don’t be left in the dark. Strengthen margins, improve efficiency, and set your firm up for long-term success.
FROM THE MARKET
EDITOR’S PICKS
INSIGHTS
Small firms behind bulk of £47bn UK tax gap
The UK tax gap held steady at 5.3% in 2023–24, translating to £46.8 billion in unpaid taxes, according to the latest HMRC statistics. While the percentage has remained broadly stable over recent years, the shape of the gap is shifting—and not in ways many expected.
THE BIG INTERVIEW
Q&A: Inside Protiviti’s front-row view of audit’s next evolution
Protiviti’s Janet Barberis and Deepa Krishnamachari explain why internal auditors need a seat at the transformation table.
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WE’RE ALSO READING
THE ECONOMIC TIMES
Tax hikes put UK budget deficit on track against official forecasts
ESG IN ACCOUNTING
Is Sustainability Reporting Effective In Bridging ESG Data And Financial Statements
Neoeco's approach to sustainability reporting enhances traditional accounting by integrating AI for accurate ESG data processing, addressing existing shortcomings. The platform's reliance on Life Cycle Assessment (LCA) offers comprehensive analyses beyond basic CO2 metrics, crucial for industries under regulatory scrutiny like electric vehicles. This framework aids larger enterprises in navigating complex supply chain demands, aligning with evolving global standards.
WHAT WE'RE LISTENING TO
Differentiate or Disappear: Why Accountants Must Stand Out in a Tech-Driven World
Failing to adapt from compliance work to services like R&D support and capital raising will leave accountants behind as AI and value-based pricing dominate. Emphasising differentiation, ESS BIZTOOLS helps firms stand out and grow in today's tech-driven landscape.
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