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In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. The next phase of Making Tax Digital is coming.
Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.
The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.
Wolters Kluwer CEO Nancy McKinstry said she will retire in 2026. Wolters Kluwer intends for Stacey Caywood, current CEO of Wolters Kluwer Health, to be the new CEO next year.
The OZ program allows investors to defer their capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.
Payroll benefits From April 2026, a new UK government mandate will require employees benefits (like company cars, insurance) to be reported via payroll, meaning you wont need the P11D form across most benefits. Employers wont need to include loans or accommodation in payroll right away, this will be optional from April 2026.
You may have recently heard that Microsoft Dynamics GP and Business Central on-premise will no longer be sold to new customers after 2026. In this post we will discuss the situation with GP and what is possible. We are offering information, not advice.
(UPDATE) Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026. They can continue to purchase new licenses and modules beyond 2026. "We They can continue to purchase new licenses and modules beyond 2026. Starting April 1, 2026 new customer sales of Dynamics GP end.
Singapore to Raise Retirement Age to 64 by 2026 In a move towards fostering inclusive and progressive workplaces, Singapore’s retirement age is set to rise to 64 years old in 2026, announced by Minister of Manpower Tan See Leng during the Committee of Supply debate in Parliament.
HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. Apr 2026: MTD for ITSA – businesses, self-employed individuals, and landlords with income over £50,000. The new MTD for ITSA timeline. Here are the key dates you need to know when preparing for MTD for ITSA:
Through this long-term partnership agreement, which will run until 2026, we’re aiming to build on increased interest in the beautiful game that will no doubt be supercharged by the FIFA Women’s World Cup 2023 held in New Zealand and Australia.
The Department for Educations recent release of the National Insurance Contributions (NICs) grant methodology for April 2025 to March 2026 highlights a critical issue for school and trust leaders: the growing complexity of cash flow management in the face of rising employment costs.
31, 2026. Gabriela Figueiredo Dias, chair of the International Ethics Standards Board for Accountants, has been reappointed for a second term through Dec.
Subscription licenses can still be purchased for one year April 1, 2026: No new customer sales of Dynamics GP of any kind December 31, 2029: End of product enhancements, regulatory (tax) updates, service packs and technical support. Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026.
The government will now co-fund 40% of wage increases in 2025 (up from 30%) and 20% in 2026 (up from 15%) for lower-wage workers. Plus, if you have at least three resident employees, you’ll receive an additional SG$10,000 in SkillsFuture Enterprise Credit from late 2026, making it easier to invest in your team’s capabilities.
Starting in January 2026 , accountants will have two options: A Bachelor's degree plus 2 years of experience A Master's degree plus 1 year of experience. Virginia just became the second state to create an alternative CPA pathway.
The Ordinary Wage Ceiling Will Increase Starting from 1 January 2025, the CPF Ordinary Wage (OW) ceiling will gradually rise, with the full increase expected by 2026. This change is part of the governments efforts to ensure that CPF contributions reflect the growing wages of Singapores workforce.
billion by 2026, according to new market research, at an expansion rate of 8.6 According to Accounting Today, “The accounting software market will have a global value of $11.8 percent.
billion in 2026, according to IDC’s latest Worldwide Artificial Intelligence Spending Guide. Spending on AI systems (including hardware, software, and services) is set to rise in Asia Pacific from $20.6 billion in 2022 to $46.6
However, the implementation for renewal cases will be delayed, with the new thresholds taking effect on January 1, 2026. Impact on Renewal Applications It’s essential to note that these revised qualifying salary levels will also apply to EP renewal applications.
If you’re a small business owner who has provided paid FMLA leave to an employee, you may have heard about this credit. It can be a great way to earn back some of the wages you paid your employee while they were gone.
Upcoming CMS regulations will require you to be up and running with an electronic solution before the 2026 deadline in order to be eligible for incentive payments. The path to quicker, more accurate prior authorizations + ask the experts! Live webinar: January 17, 2023 1:30 pm CT. Get ahead of the game by automating your system now.
billion by 2026, at a CAGR of 8.5% over the forecast period 2021 – 2026. Bureau of Labor Statistics projects that accounting is a stable field estimated to experience 10% growth through 2026. Why is tech adaptation an essential skill for accountants? Online reports say the Accounting Software Market was valued at USD 12.01
Increase in CPF Ordinary Wage Ceiling (a) The CPF Ordinary Wage (OW) ceiling, which determines the amount of wages subject to CPF contributions, is set to increase from $6,000 to $8,000 by 2026. The first step of this increase has occurred on 1 September 2023, with subsequent increments scheduled to allow for a gradual adjustment. (b)
140,300 new accounting and auditing jobs predicted by 2026 — Accounting Today — Approximately 140,300 new jobs for accountants and auditors are expected to be created by the year 2026, according to a new forecast. His mission? Preparing America for automation.
Key takeaway : Although not final yet, hospitals will need to begin planning soon to be up and running with an electronic/automated solution before the 2026 deadline. Note: The PARDD API is “suggested” to be aligned with the Da Vinci project standards mentioned below.). Gold Carding and State Programs.
This ceiling will progressively increase to $8,000 by 2026. CPF Contribution on OW OW Ceiling: The Ordinary Wage ceiling is a cap on the amount of OW that can attract CPF contributions in a calendar month. As of 2023, the OW ceiling is $6,000, which is the maximum amount subject to CPF contributions.
Expansion of Wage Ceiling: Additionally, the gross monthly wage ceiling for PWCS co-funding will be raised from S$2,500 to S$3,000 in qualifying years 2025 and 2026.
For instance, if your business’s financial year concludes in December 2021 (covering January 1, 2021, to December 31, 2021), you should retain records until at least December 31, 2026. T his applies even if your company has ceased operations. Where Should Company Records Be Kept?
2 million – projected shortage of support staff by 2026. This article from HFMA is a fantastic read on the topic with some of the most striking figures below: $40,000 – the average cost of turnover for a bedside RN position. 18.7% – 2020 RN turnover rate up from 15.9%
By April 2026, the total paid parental leave will rise from 20 weeks to 30 weeks, with the additional 10 weeks being government-paid shared parental leave (SPL). This leave can be divided between parents, allowing greater flexibility in managing caregiving responsibilities.
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.
billion by 2026. With its low start-up costs, minimal overheads, and simplicity to start, dropshipping offers an attractive opportunity for aspiring online sellers in Singapore. According to Statista, the dropshipping e-commerce market is projected to reach a value of US$476.1
Apply Reverse Mentorship A lack of digital skills in senior finance leadership could trigger 50% of unwanted staff turnover by 2026, according to Gartner. Most importantly, upskilling empowers employees to maximize the potential of their organization’s digital transformation efforts.
CMS New Proposed Rule: Advancing Interoperability and Improving Prior Authorization Processes CMS-0057-P Providers that implement an electronic/automated solution before the 2026 deadline are eligible for incentive payments.
billion by 2026. The introduction of applications that apply technologies such as Robotic Process Automation (RPA) , Artificial Intelligence , and Machine Learning to insurance workflows has greatly reduced the time and efficiency with which insurance organizations can service their customers.
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