Trust as a differentiator: How to build reliable AI tools for customer success
Artificial intelligence (AI) is revolutionising the way the accounting industry works. It’s elevating human performance by taking on the burden of repetitive but required tasks, and by accelerating analysis. But accounting is based on trust. So, companies must be totally sure that AI works accurately before they can use it to its full potential. Even […]
Cash basis changes: How accountants can support their clients
The UK government ran a consultation during 2023 on the cash basis rules as part of its wider focus to simplify tax for small businesses. Right now, more than 66% of eligible businesses don’t officially use the cash basis, even though the government believes many may benefit from its simplicity. In reality, the number of […]
Generative AI in 7 easy steps: A practical business guide
Rapid advances in generative AI present both opportunities and challenges for your business. Emphasising how generative AI can augment human capabilities rather than replace them could lead to significant productivity and innovation boosts. Despite apprehensions surrounding AI, focus on its advantages. According to the Microsoft Work Trends Index, at London Tech Week, Microsoft UK CEO […]
Cost of goods sold: What is it and how to calculate it?
Cost of goods sold (Cogs) is a crucial business metric. In this article, we explain what Cogs is, and how to calculate and account for it in your business. Here’s what we cover: What is cost of goods sold? Why Cogs is important for business How to calculate cost of goods sold How to account […]
This $35 Business Accounting Bundle Could Help You Prepare for Tax Season
Learn the basics of business accounting in time for tax season.
How AI Is Transforming the Accounting Industry — and What the Future Will Look Like
It’s time to harness the power of AI and transform bookkeeping.
Aspiring Entrepreneur? Here’s the Lucrative, Accessible Online Career You Need to Explore.
Starting a business or side hustle in this unexpected industry can unlock financial and location freedom. Here’s what you need to know.