Given the blizzard of other priorities faced by the profession in recent years, workflow hasn’t always been the most burning topic for accountants in practice. However, a host of factors are combining to push it up practice agendas, including (you guessed it) the UK government’s Making Tax Digital drive requiring multiple client checkpoints each year.

Other, more subtle, factors include the creeping commoditisation of lower-end compliance work, new rules around anti-money laundering and the increasing digitisation of accountants’ client base.

But how should practice owners and managers approach the task of re-engineering their practice workflow? And what tools are out there to help? To discuss the Christmas past, present and future of practice workflow, AccountingWEB technology editor Tom Herbert was joined by Aaron Patrick, head of accounting at Boffix, and AccountingWEB editor at large John Stokdyk.

To listen to the full No Accounting for Tech podcast, click play or subscribe to the podcast on your player of choice by searching for AccountingWEB. 

We’ll be back with a regular No Accounting for Taste episode next week. In the meantime, if you’re feeling generous you can help us reach more people by giving us a five-star rating on Apple Podcast, Spotify or wherever you get your podcasts.

This podcast was written and hosted by Tom Herbert and edited by Will Cole.

No Accounting for Tech ep3: Powering the practice workflow push

As accountants feel the pressure over increased scrutiny of their AML reporting, the Treasury has tabled a new consultation that is set to overhaul anti-money laundering supervision as we know it.

The Treasury have put forward four new ideas that could potentially reform the supervision of accountants and lawyers' compliance with money laundering regulations.

The options ranged from bolstering the current supervisors of supervisors OPBAS to the more extreme option of stripping the professional bodies and HMRC of its supervision responsibilities and creating a brand new supervisor - the one supervisor to rule them all.

On this week's podcast, David Winch explores the four potential reforms and offers advice to accountants anxious of upcoming changes. 

Also on the pod, the AWEB team discuss ICAS' recent review of MTD for ITSA and its call to scrap the controversial project's decision  on quarterly reporting, as well as taking a closer look at AI and asking: is this new technology a friend or foe when it comes to tax? 

Podcast speakers:
Richard Hattersley
Tom Herbert
David Winch

Producer/editor:
Will Cole

Cinematic + Bright

No Accounting for Taste ep 142: AML, AI and MTD

AccountingWEB’s business editor Tom Herbert speaks to Karen Briggs, KPMG’s new head of Brexit, about forecasting in uncertain times, what the firm is advising their clients and what a head of Brexit actually does...

No Accounting for Tech ep3: Powering the practice workflow push

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