Harper May | Knowledge Hub | UK Accounting Recruitment Agency

Remote financial management is crucial for modern organisations, offering flexibility, cost-efficiency, and resilience. Essential tools include cloud-based accounting software, virtual communication platforms, and robust security measures. Clear communication and remote team collaboration are key for success in managing finances remotely.

Following Labour's landslide victory, Sir Keir Starmer's government, with Rachel Reeves as the first female Chancellor, intends significant tax reforms. These include potential increases for higher earners, VAT on private schools, and modernising non-dom tax status, alongside pledges to strengthen HMRC and tackle tax avoidance.

This article explores work addiction, or the workaholic phenomenon, detailing signs like persistent work thoughts and neglect of personal life. It discusses impacts on individuals and organisations, advocates for setting boundaries, promoting balance, and seeking support to address this pervasive issue effectively.

Election 2024 brings uncertainty for accountants amid Labour's victory. Economic growth is pivotal; potential tax hikes loom, impacting client strategies. Labour's policy shifts, like EU qualifications recognition, may reshape practices. Amidst fiscal debates and client concerns, readiness for change becomes paramount.

The International Non-Profit Accounting Guidance (INPAG) final consultation draft by CIPFA and Humentum addresses fund accounting, expense classification, and donor reporting. It aims to standardise and improve non-profit financial reporting. Comments are due by 16 September 2024.

Accountants must transform complex financial data into compelling narratives. Zoe Kleinman, BBC's technology editor, shares strategies for CFOs and FDs to improve communication, emphasising the importance of engaging storytelling, avoiding jargon, and being concise. Effective editing and continuous self-assessment are crucial for impactful presentations.