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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . The new MTD for ITSA timeline.

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Top 9 Innovations Accounting Businesses Should Adopt in 2024 and Future

Ace Cloud Hosting

According to Accounting Today, “The accounting software market will have a global value of $11.8 billion by 2026, according to new market research, at an expansion rate of 8.6 percent.

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Navigating Success with the Best Accounting Software for CPAs and Accounting Firms

CapActix

That’s where the best accounting software for CPAs and accounting firms comes into play. Customer management software enables businesses to organize and track customer information, deadlines, and conversations, resulting in more efficient interactions and improved client satisfaction.

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Skills Modern-Day Accountants Need to Equip Themselves With

Analytix Finance & Accounting

Why is tech adaptation an essential skill for accountants? Online reports say the Accounting Software Market was valued at USD 12.01 billion by 2026, at a CAGR of 8.5% over the forecast period 2021 – 2026. Accounting software also requires insights to ensure optimal functioning. billion in 2020.

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B2B Payment Trends in 2024 and Beyond 

AvidXchange

billion in 2026, quadrupling from 2022. According to The Federal Reserve , at launch in July 2023, 35 financial institutions were participating in the FedNow Service Network. PYMNTS reports that real-time payment transaction volume is expected to hit $8.9 As of May 2024, that number had ballooned to 758.

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How Accounting Automation Can Save Your Business Time and Money

Nanonets

In a survey, 58% of accountants said automated accounting led to increased efficiency. US accounting services show that nearly 75% of accounting tasks can be automated. This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026.

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What is document workflow automation?

Nanonets

Projections indicate that by 2026, this market is expected to reach a value of $19.6 Leverage API integration to integrate Nanonets with existing tools and systems, such as accounting software, ERPs, and CRMs. Utilize multi-language support, enabling extraction from documents written in different languages.