Latest practice related news from Insights

With Making Tax Digital (MTD) for Income Tax now underway, many accountants and their clients are asking a simple question: are we ready?

For mid-tier accountancy firms, technology, talent and operating models are becoming ever more tightly interwoven. ICAEW’s 2026 Evolution of Mid-Tier Accountancy Firms research highlights how investment in technology and artificial intelligence (AI) is driving new thinking about workforce design, skills development and career pathways, with many firms still working through the implications.

ICAEW’s 2026 Evolution of Mid-Tier Accountancy Firms research findings evidence that consolidation activity continues to be a defining feature of the mid-tier accountancy sector. Rather than converging on a single model, the sector is evolving along multiple paths, reflecting differing priorities around growth, culture and control.

Caroline Smale, ICAEW’s new President, is setting an ambitious agenda for her year in office, championing members, strengthening the profession’s voice and opening up opportunities for the next generation.

The impact of technology on the workforce and continued consolidation are the key factors shaping the future of mid-tier accountancy firms in the UK, confirms ICAEW research.

Artificial intelligence is becoming a practical reality for accountancy firms, not a future concept. As Making Tax Digital increases reporting frequency and client touchpoints, many practices are looking for scalable ways to manage growing workloads more efficiently.

Are you ready for the 2026 update to the Code of Ethics? The update introduced two new sections on tax planning services and tax planning activities. Make sure you understand what’s required.

In mid-tier accountancy firms, achieving alignment between organisational priorities and the technology roadmap is rarely straightforward. Managing Partners (MPs) carry responsibility for strategic and commercial direction, client relationships, organisational culture and overall financial stewardship, including budget setting and investment decisions. Meanwhile Chief Technology Officers (CTOs), and their equivalents, focus on the integrity, resilience, and evolution of the firm’s digital backbone. Their perspectives can diverge, their KPIs are likely to differ, and their pace of decision-maki...

It's time to buckle up. MTD for income tax is no longer on the horizon; it's on the runway, and it's nearly time for take-off. This 6-step 'best practice' summary from IRIS can help.

Mid-tier accountancy firms are undergoing a period of structural change as they respond to shifting client expectations, technological disruption, and increasing regulatory complexity. Research from the ICAEW’s Evolution of Mid-Tier Accountancy Firms 2025 highlights a profession that is actively adapting its service mix while balancing growth opportunities with operational and regulatory risk.