Digi-Tools In Accrual World

Taxpayers Turn to AI | MTD for Landlords & The Hidden Cost of Payroll Errors | Accounting Tech News


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Get your weekly fix of accounting tech news and fintech news with Digi-Tools in Accrual World. This week, we uncover a shocking new trend: over half of taxpayers are now using AI to prepare their tax returns, but are they ignoring the risks?  We debate whether this is an opportunity or a threat for accounting professionals.


Next, we explore a critical topic for accountants: Making Tax Digital for Income Tax. Stu from FreeAgent joins us to explain their unique approach of segregating landlord and sole trader income, and how creating separate ledgers can simplify bookkeeping and boost automation for your clients.


Finally, we reveal the hidden impacts of payroll errors. With a staggering 84% of SMEs having experienced a payroll mistake, we discuss how these errors can erode employee trust and create significant compliance headaches.

 

Plus, don't miss our roundup of the biggest stories in the accounting tech space:


ICAEW has launched the biggest overhaul of the ACA qualification in 30 years.


TRIVER secures £114m to expand its SME invoice finance platform.


Caseware unveils 'Validate', an AI tool for last-mile audit review tasks.


Thomson Reuters acquires AI startup Additive to boost tax automation.

Episode Chapters:

00:00 Welcome to the  Digi-Tools in Accrual World Podcast!

04:06 Segregating Landlord and Sole Trader Income for MTD - FreeAgent

13:49 App News

13:55 ICAEW launches future proofed qualification
17:20 Majority of taxpayers now using AI for tax returns
20:24 TRIVER secures £114m to expand SME lending platform
23:30 Caseware unveils AI audit tool for ‘last-mile’ review tasks
24:41 Light raises $30m to grow AI-powered finance platform
27:01 Thomson Reuters acquires Additive, boosting AI tax automation

28:32 The hidden impacts of payroll errors - Employment Hero

36:57 Come and join us on the pod!

...more
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Digi-Tools In Accrual WorldBy Indi Tatla, Ryan Pearcy, John Toon


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