Now the chaos of 2020 has drawn to a close, the AccountingWEB team gathers for the first No Accounting for Taste of 2021 to try and predict what the year ahead has in store for the accounting profession.

AccountingWEB’s Richard Hattersley and John Stokdyk put on their prognosticator hats as they welcome the CFN’s Kirsty McGregor to the virtual pod booth and attempt to foretell the highs and lows of 2021. 

What will the Chancellor have in store for the March Budget? Will the profession revert back to the old ways of working? Will the end of 2021 look brighter than the end of 2020? 

But before the team looks into their crystal balls, they race through the headlines of a week which saw confusion and alarm from HMRC’s nudge letters, while accountants continue to scramble to make the looming tax return deadline. 

And the big news coming from the world of accountancy over the past seven days has to be news of a national lockdown and new grants worth up to £9,000. 

Podcast timings

00:01:05 MTD for VAT: Are you ready for bulk migration 

00:05:25 Tax and NIC thresholds for 2021/22 

00:07:14 Tax return deadline looms as 45% still need to file 

00:13:36 Confusion and alarm from HMRC’s nudges 

00:18:04 Sunak unveils lockdown grants worth up to £9,000

00:24:07 PREDICTIONS FOR 2021

For all the news and opinions from the world of accountancy, visit AccountingWEB.co.uk.