Automation is changing how UK accountants deliver services, but the real opportunity lies not in replacing human expertise but in amplifying it. This article explores how chartered accountants can strategically implement automation to reduce routine work, increase profitability, and position themselves as indispensable business advisors. You'll discover practical steps to ...

Continuing Professional Development (CPD) is a professional obligation for UK accountants and an essential part of maintaining competence, relevance, and compliance. Whether you're a member of ICAEW , CIMA , AAT , or IFA , meeting CPD requirements is not only a regulatory duty—it's also a strategic career asset. In this complete guide, we break down the 2025 CPD ...

CPD for Global Accountants: 2025 Guide to Stay Compliant Continuing Professional Development (CPD) is a professional obligation for chartered accountants in the UK, particularly those affiliated with global accountancy bodies. But beyond compliance, CPD is one of the most effective ways to stay relevant, protect your credentials, and build long-term credibility in a ...

Introduction The accounting profession in the UK is undergoing a rapid transformation, driven by technological advancements, evolving regulatory landscapes, and dynamic economic conditions. For UK accountants, Continuous Professional Development (CPD) is not just a regulatory requirement but a strategic imperative to remain competent, relevant, and valuable in 2025 and ...

Burnout is often seen as a personal shortcoming, but it’s actually a response to prolonged workplace stress. The good news is that, because burnout stems from specific conditions, it can be managed and even prevented. Understanding that burnout is linked to external factors rather than internal weakness empowers you to take control of your well-being and make meaningful ...

Have you heard the term “Warrior Accountant”? Until recently, I hadn’t either. So what is a warrior accountant, and why might someone want to become one? In today's dynamic business landscape, professional accountants are increasingly called upon to go beyond traditional financial reporting. Shareholders and consumers are increasingly demanding accountability beyond ...

In my last post here , I outlined the steps I take when managing an international legal project. This follow-up question was both popular and insightful, so I'll attempt to answer. First, it's worth noting that there are many types of international legal projects from expansion projects (e.g. branches or subsidiaries in a new jurisdiction), acquisitions and joint ventures, ...

I'm often asked this question so I'll attempt to provide a high-level roadmap. My first step is to use the FIRAC method to organize my work. I identify the facts , spot the legal issues , research the legal rules that apply to the project, analyze the facts and draw conclusions about the legal risk and possible mitigation strategies. This is an iterative process, ...

In a previous post here , I provided an overview of the European Union’s draft Artificial Intelligence Act (“AIA”). On December 8, 2023 the European Parliament and the Council on the Artificial Intelligence Act reached political agreement on the content of the AIA. Next, the agreement will receive formal approval, which is expected to take place sometime in April 2024. ...

A Most Favoured Customer (“MFC”) clause usually states that the Supplier will treat the Buyer as their most favoured customer, which means that the Buyer will get Pricing terms that are no less favourable than any of the Supplier’s other customers. The MFC clause may even state that the Buyer will get better pricing than other customers. Some clauses go further and promise ...

Pricing terms (i.e., amount, discounts, invoicing currency) for Deliverables (i.e., goods, services, or licensed materials) are often contained in Schedules to an Agreement. The Agreement usually has clauses describing the structure of the Agreement itself. Within these clauses the parties can identify how schedules can be made and by whom, how they are to be interpreted in ...

It depends. The issue is determined in accordance with the applicable law. Applicable law should be interpreted to include the law of the contract, the law of the jurisdiction at the seat of arbitration (if different), and the law of the jurisdiction of enforcement. Arbitrability is important for enforcement purposes. Under Article II 1. of The Convention on the Recognition ...