Tom Herbert

4 days ago | accountingweb.co.uk | Tom Herbert

Apparently a new type of audit that verifies the effectiveness of AI models is on its way... Afternoon all,Your friendly neighbourhood technology editor here with another question. According to today's FT (link here but paywalled, sorry), Big Four accountancy firms are "racing to create a new type of audit that verifies the effectiveness of artificial intelligence tools".

1 week ago | accountingweb.co.uk | Tom Herbert

Launched in 2024, Adsum's OpenTax product allows firms to aggregate client tax data, pulling real-time information from HMRC’s agent accounts and providing updates and notifications of status changes such as submissions, payments, refunds or penalties. Starting last year with VAT, the developer has layered corporation tax and PAYE data into the tool, with self assessment information now available within the product.

1 week ago | accountingweb.co.uk | Tom Herbert

Much like staring directly into the sun, it’s advisable not to spend too much time actually thinking about catchy marketing buzzphrases for accounting software. However, if you’ve been hanging around accounting tech circles long enough, a selection of these straplines will be seared into your mind like the afterimage of a burning ball of gas. This year’s freshly pressed garment parading the conference catwalk is “AI won’t replace accountants, but accountants using AI will”.

1 week ago | accountingweb.co.uk | Tom Herbert

AccountingWEB technology editor Tom Herbert rounds up the latest news and analysis from the accounting technology universe in bite-sized video form.

1 week ago | accountingweb.co.uk | Tom Herbert

A few months ago, I wrote about the prospect of compound startups: a new breed of connected software suites built from the ground up. These platforms purport to offer an “everything under one roof” service, aiming to replace the patchwork of inconsistently integrated best-of-breed tools or ageing desktop systems. In the context I was writing about, these were predominantly aimed at mid-market and larger businesses.