The £100 billion blind spot in UK business spending

Plus: 5 things you need to know about MTD IT

Daily Digest

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IN PARTNERSHIP WITH AJ CHAMBERS
Your guide to standing out in the 35 under 35 2025 rankings
Ready to submit your nominations for the 35 under 35 rankings? Whether you're nominating yourself or a colleague, these tips will guide you through the process and help you stand out. The deadline for nominations is fast approaching, so be sure to submit your application by 30 June 2025.

EXPERT INSIGHT BY FORRESTBROWN
Never miss a deadline with ForrestBrown’s R&D tax relief deadline tool
ForrestBrown’s easy-to-use tool identifies key dates for your clients’ R&D tax relief claims, helping you stay on top of deadlines.

 

FROM THE MARKET

 

EDITOR’S PICKS

INSIGHTS
Shadow spend black hole swallows 10% of UK business expenditure
Over half of UK businesses expect shadow spend to grow in the next year, triggering budget overspend and missed savings

EXPERT INSIGHTS BY SAGE
The AI-MTD advantage: Why accountants must act now
AI isn’t replacing accountants. It’s showing up just in time to help them manage the complexity of MTD - and shift how firms operate.

In partnership with Sage

 

THE BIG INTERVIEW

Q&A: Inside Protiviti’s front-row view of audit’s next evolution
Internal audit is no longer a passive control function - it’s becoming a strategic advisor in an era defined by AI, talent shortages, and rising risk. In this Q&A, Protiviti UK’s Janet Barberis and Deepa Krishnamachari explain how audit teams are evolving, what’s holding them back, and why culture, data quality, and skills gaps matter more than ever. From AI adoption to regulatory readiness, this is a candid look at what internal audit needs to stay relevant.

 

WE’RE ALSO READING

 

MAKING TAX DIGITAL

Navigating HMRC Security Checks with Timelines Triggers Documentation and Professional Assistance
HMRC security checks commonly last 2–8 weeks but may extend to several months for complex tax cases, with delays often caused by incomplete or inaccurate submissions. Prompt, accurate responses and organised digital records are essential for avoiding penalties and accelerating resolution. Understanding triggers, using official HMRC platforms, and, for more intricate checks, professional tax advice, remain critical for UK taxpayers facing reviews.

 

WHAT WE'RE LISTENING TO

Build A Business That Feels Like A Fairy Tale
Cindy Schroeder transitioned from unsatisfying corporate roles to establish a successful remote bookkeeping business for painting contractors, tailoring her services to a niche market. By founding Bookkeeping Buds, she created a support network for women bookkeepers and demonstrated that intentional business design and clear objectives can deliver personal fulfilment alongside professional growth.
Listen here

 

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