This week, Jason Bates is joined by Edward Berks (director of banking, fintech & ecosystem at Xero), Clare Sheehan (deputy director of Making Tax Digital for Business at HMRC), Mags Laidlaw (accountant and partner at Mazars) and Charlie Wood from Capco, representing the fintech angle.
We discuss the changes that are coming for small businesses (SMBs), including the digitisation of tax. So how can SMBs keep up, and how can we raise the profile of the changes that are coming?
We hear why the traditional role of accountants might be changing, and why we’re still going to need them in future! Are professional services business models changing as a result of technology? And among all the change and progress, what will be the role of people, and where can they really add value?
How far are we (really) from a set of workable tax APIs? Clare explains what HMRC is doing to streamline the process of filing returns. Finally, what do SMBs have to look forward to in the coming years? We talk about the impact of PSD2, relationship management and where to find support.
– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. See more FinTech Insider content here. Image by Sashkin, Shutterstock.com