Insight Exchange editor Valme Claro talks through the last 30 days for the AccountingWEB audience.
May has left us the first horror story about an MTD for VAT return gone wrong. Neil Warren’s article about a small business that made £19,000 of VAT errors on its first return was the most popular story on the site last month.
The complexity of HMRC’s new requirements and their burden on the practices’ internal systems has also prompted a considerable number of practitioners to start thinking about their exit strategies. Richard Sergeant’s analysis of why practitioners are seeing MTD as the final straw was one of the most read (and commented) articles this month.
Outside the world of VAT, the most popular stories of the last 30 days included accounting frauds, news about the Big Four, as well as technology updates such as Sage’s imminent UK launch of Intacct and TaxCalc’s new Practice Management suite.
These were the top articles on AccountingWEB in May:
- MTD horror story: Small business makes £19,000 of VAT errors
- VAT: How to deal with HMRC
- MTD for VAT: Supplier statements now acceptable
- Accountant jailed for £3m fraud involving Rita Ora and Matt Dawson
- MTD pushes practitioners towards the exit
- Striking off a company: Get the details right
- KPMG fined £6m and severely reprimanded over audit
- Autonomy finance chief jailed for five years
- KPMG slammed over Patisserie Valerie conflict
- Sage plans Intacct UK launch
- TaxCalc introduces Practice Manager suite
- Cloud giants tussle over 2019 results
To find out what June holds for the accounting profession, head over to our overview of the month ahead with AccountingWEB head of insight John Stokdyk.