Accountants are well versed in the art of spinning plates. Maintaining client relationships, finding the time to share qualitative insight and winning new business, all while fulfilling day-to-day accounting and bookkeeping tasks, is a challenge. And the task isn’t getting any easier.

Firms have already been bracing for a number of complex regulatory changes, from extension of Making Tax Digital (MTD) rules to new HMRC requirements tied to the Economic Crime and Corporate Transparency Act.

Following the Budget – and as we approach busy season – the latest set of tax-related Budget changes will certainly add new pressure for businesses.

With so many changes on the horizon, accountants need to move very quickly to begin their tax planning for clients now, which requires time. They will be anxious to understand what changes have occurred, what to do, and how they can check the right boxes to avoid any fines or penalties.