article thumbnail

Proposed UK Bill Aims To Crack Down On Late Payments

PYMNTS

The Association of Accounting Technicians (AAT) is in the midst of a campaign to fight the problem, with three changes. Late payments can also be counterproductive in terms of productivity, and can also have other effects, like minimizing well-being and causing stress to business owners.

article thumbnail

Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

too, continues its own late payments fight, with the Association of Accounting Technicians recently describing the government’s own efforts to combat late payments in the construction sector as “insufficient.” Closes In On Construction.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Anti-money laundering and accounting: 2024 predictions

Accounting Insight

Already a group representing 13 accounting bodies is strongly opposed to the idea of a centralised regulator. It’s clear that there was a nervousness around the reforms before they were announced.

article thumbnail

UK Accounting Trade Group Weighs In On Late Payments

PYMNTS

The proposals come from the Association of Accounting Technicians (AAT), and the trio of measures would, as reported by Building , change the nation’s Prompt Payment Code. To that end, U.K. politicians from both sides of the aisle have backed a series of proposals that seek to curtail late payments across supply chains in the country.

article thumbnail

Once-in-generation opportunity to fix tax advice market

Accounting Insight

The Association of Accounting Technicians (AAT) has responded to HMRC’s long-awaited consultation on “Raising standards in the tax advice market”, which closes for submissions today. 1] Its members collectively serve more 840,000 small businesses in the UK.[2]

Tax 40
article thumbnail

Where SMEs Stand At 2016’s Midpoint

PYMNTS

19% of SMEs turn to Google for accounting advice , the Association of Accounting Technicians (AAT) found. “Being confident in yourself and your idea is excellent,” said AAT Head of Business Development Rob Alder, “but you should still ensure you get as much advice as you can, from multiple sources.”

article thumbnail

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

Omoniyi Osunsanya, has said the district will attract youths in secondary schools, tertiary institutions, and graduates to the accounting profession. “We