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With entries to the 2024 Accounting Excellence being open, Karen Kennedy, director at Kennedy Accountancy and Andrew Griggs, senior partner at Kreston Reeves join Richard Hattersley and Matthew Ord to talk all things accounting excellence.

Kennedy Accountancy won last year’s New Firm of the Year Award and Kreston Reeves picked up the award for both the Audit Team of the Year and the AccountingWEB Pride Award for ESG.

They discuss the three pillars of accounting excellence:

Client care
Kennedy and Griggs speak about how big of a focus client care is, how important it is to their firm, how things have changed and the initiatives they have both undertaken.

Processes
They continue to discuss how their firms are improving efficiency, staff development and the quality of services they provide.

Growth
Lastly, both Kennedy and Griggs explore what growth looks like for them and how they successfully keep up and achieve balance when growing.

Richard Murphy is a professor of accounting practice at Sheffield University Management School, a chartered accountant and an economic justice campaigner. He joins AccountingWEB for a new episode of No Accounting for Taste.

Discussion begins on Labour’s plans to raise an extra £5bn a year by tackling tax avoidance. Murphy offers his take on whether shadow Chancellor Rachel Reeves is looking in the right places and whether she is speaking to the right people. Murphy’s taxing wealth report is shared as he discusses that with certain measures, £90bn could be raised.

Talk then turns to the Institute of Chartered Accountants in England and Wales’s (ICAEW) annual accounts being recently published. The team alongside Murphy looks at the funds paid to the ICAEW as a result of fines and penalties given to chartered accountants, whether things have changed in the accounts and what’s next for the reserves.

After the Easter weekend, the AccountingWEB team joined for another episode of No Accounting for Taste.

Tom zeroes in on HMRC matters, exploring their new One Login service, questioning why now and what impact this will have. He also delves into recent complaints lodged against HMRC after their letter to Devonports LAS accountants contained multiple errors. The team asks how a letter like that gets posted and how are they written.

With the recent news that the Accounting Excellence Awards are now open, Richard looks back at the entries from last year and discusses the most common trends and challenges. Interested in starting your entry for Accounting Excellence? Click here.

Matt closes off the podcast by recounting an interview with AJ Chambers’ James Gosling, speaking about M&A trends. They talk about issues with succession, consolidators and firms struggling to retain talent.

AccountingWEB’s technology editor Tom Herbert is joined by experts Natasha Everard from Bewitching Bookkeeping and Bhimal Hira from Prysm Financial to share their insights into what's hot and what's not on the accounting technology runway in 2024. For full shownotes visit: https://www.accountingweb.co.uk/tech/accounting-software/whats-on-accountings-spring-software-shopping-list

The team discuss what they got up to at the Festival of Accounting & Bookkeeping (FAB), coming back together for another packed episode of No Accounting for Taste.

Just before we hit record, HMRC made a sudden U-turn on the decision to make permanent cuts to the helpline. Matthew, Richard, and Tom delve into the ensuing chaos and the swift turnaround in their decision.

A popular topic at FAB, Richard speaks about the government consultation to regulate the tax advice market. He looks at what this means and what accountants have to say.

Tom moves on to a fraud case where cybercriminals stole £53,000 from an accountant’s Revolut business account. He details Revolut’s response and explores the rules of reimbursement.

Lastly, we hear from a special guest, Kate Bell, farms and estates partner at Albert Goodman on the trials and tribulations of farming, its need for stability and how they are navigating tax measures. Kate talks about the impact that basis period reform, double cab pick-ups and the furnished holiday lettings regime has had on farming.

On this week’s No Accounting for Taste, it’s all things Spring Budget. Chatting with Allica Bank’s Conrad Ford, Richard and Tom look at Jeremy Hunt’s “Budget for long-term growth”, questioning whether this was the pre-election Budget they were expecting.

This session is sponsored by Allica Bank, who provides full-service banking for established businesses in the UK.