The month ahead | July 2019

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A look into our editorial crystal ball highlights looming compliance headaches as a fruitful area for engagement, particularly with our business audience, writes John Stokdyk.

The summer months from June through August are usually a “no surprises” period for AccountingWEB. With Westminster still paralysed by Brexit, June’s biggest headlines came from more dependable sources such as tribunal decisions, professional regulators and Companies House.

Our June traffic patterns showed the usual surge in traffic around benefits in kind ahead of the 6 July P11D deadline, with questions showing up every other day during the month on Any Answers. Once the deadline passes, practitioners will have more time to consider their responses to the stricter enforcement from HMRC and professional bodies of revised anti-money laundering (AML) regulations, and the potential impacts of IR35 off-payroll rules for the private sector.

The initial stirrings around IR35 spotted last month have continued, particularly among finance directors and CFOs who will be in the frame for senior accounting officer penalties that will bite even harder when the IR35 regime comes into play for private-sector engagements. Concerns around this issue and AML will continue to build in the coming months.

Our finance readership has been showing up in greater numbers in the past two months thanks to some high profile scandals including the massive HP vs Autonomy acquisition lawsuit, Tesco’s PAYE clawback plan and the Patisserie Valerie collapse.

As well as enjoying a bit of schadenfreude, these accountants are also drawn by informative articles that will help them do their jobs better such as Hugh Johnson’s Unleash the Power BI series and Liam Bastick’s Modelling tips and tricks.

Zahara, a relative newcomer to AccountingWEB’s Insight Exchange community, has already cottoned on to the value of this approach by publishing a 5-step guide to managing budgets alongside a library of guides on other topics and explanatory videos from Andrew Van De Beek.

Never underestimate the power of supporting accountants with timely, relevant guidance. It’s what continues to drive the wheels at AccountingWEB.co.uk.

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