What's Been Happening - December 2023 edition

A quick market roundup of all the key news story from the last month or so…

ALSO: You can see an abbreviated version of this post in the Accounting insight Newsletter each month from Accountex - sign up here

Practice & Accounting

• Shaw Gibbs Gibbs expands reach with the acquisition of Harmer Slater - more here
• Also Shaw Gibbs acquires DNG Dove Naish LLP More here
• An update of key movers and shakers in the accountancy space! including news from RSM UK , MHA North West , Haines Watts and Evelyn Partners . More here
• 普华永道 announces 600 job losses as redundancies reduce
• The ICB UK (Institute of Certified Bookkeepers) #LUCAaward winners announced - more here (Congrats to Wild Bookkeeping Ltd , AccountancyManager , Starling Bank and others)
• IRIS Software Group buys Bishop Fleming Chartered Accountants Payroll service bureau. More here
• Xeinadin x5 acquires EVERITT KERR & CO LTD and McKeogh Gallagher Ryan - a Xeinadin Company
• Azets Corporate Finance exceeds ￡1bn in annualised deal value
• " HM Revenue & Customs has lost sight of needing to put taxpayers at the heart of changes to the tax system with estimated costs of ￡1.9bn for businesses to comply with Making Tax Digital (MTD)" said the Public Accounts Committee - Link

Software & Technology

• Sage 2023 results - with Sage reporting double-digit revenue growth

• Crezco raises ￡12 million AND partners with Xero for payments
• Translucent passes 1000 Xero entities since July
• Xero has announced a cluster of new features for its UK users, including a tax manager to view clients’ obligations in one place, a tool to approve and pay bills without leaving the system, and an e-invoicing receive capability. More here
• Intuit shuts down Mint and pushing users to use Credit Karma that it acquired in 2020.
• TaxCalc expands capabilities…. more here

Finance & Banking

• Kroo Bank , a UK neobank, crowdfunded ￡1 million out of an expected ￡70 million fundraise
• TSB, Santander and Metro Bank topped the PSRs list of banks with the most amount of APP fraud sent per ￡m of transactions.
• The FCA found that more than 25% of Brit's used BNPL during a six-month period.

I'll be back next month for more news and updates!

#Accountants #Bookkeepers #accountech #fintech #technology #banking #finance #accounting #BeAKnowItAll #MTD