Knowledge Hub

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.

Recent findings from iwoca's Q1 2024 SME Expert Index reveal concerns among brokers regarding high street banks' reduced willingness to fund SMEs. Bank lending to SMEs dropped significantly, impacting their financial health. Alternative financing options like fintech lending and crowdfunding are gaining importance amid shrinking traditional banking routes.

In May 1920, Mary Harris Smith became the world's first female chartered accountant. Despite initial resistance, she set up her own firm in 1887. Her portrait now adorns Chartered Accountants’ Hall.

In today's digital era, amidst fierce competition for consumer attention, storytelling emerges as a potent tool for brand building. It forges emotional bonds, sets brands apart, fosters loyalty, simplifies complexity, ensures consistency, drives engagement, and can be measured for impact, elevating brands to influential narratives.