The Association of Chartered Certified Accountants (ACCA) has given its backing to proposals from the Solicitors Regulation Authority (SRA) aimed at tightening oversight of solicitors who handle client money. In response to the SRA’s consultation, the accounting body said it supports the move to reinstate the requirement of mandatory filing for all accountants’ reports with the SRA, whether qualified or unqualified. The ACCA has also restated its support for the introduction of a compulsory yearly decla ...

UK accountancy group DJH has completed the rebrand of McBrides Accountants, which will now operate as DJH Bexley. The company announced the rebrand following the conclusion of a ten‑month integration process and the completion of a £200,000 ($270,158) Nexus House office refurbishment. The office of the Sidcup, London-based practice has undergone a full revamp as part of the changeover, including upgraded meeting rooms, IT and technology systems, and the creation of a new break-out space for staff and cli ...

Core Insights - HaysMac, a London-based chartered accountants and tax advisory firm, has acquired a specialist US tax team from Moore DM, enhancing its capabilities in US tax compliance for US nationals and high-net-worth individuals in the UK [1][2] Group 1: Acquisition Details - The acquisition includes a group of US tax specialists, with Chris Baker joining as director, which will allow HaysMac to manage US tax returns from its London office [1][2] - This move adds a US-focused service to HaysMac's existing UK tax work, aligning with the firm's strategy to expand its global practice and deepen its presence in the private wealth market [2] Group 2: Market Demand and Strategy - There is a growing demand among US and internationally connected individuals in the UK for reliable support regarding their US tax obligations, which HaysMac aims to address with this acquisition [2] - The acquisition is part of HaysMac's long-term plan to broaden support for clients with cross-border assets and interests, reinforcing its position as a trusted partner for international private wealth clients [3] Group 3: Leadership and Team Expansion - Graeme Privett, head of private clients at HaysMac, emphasized that the addition of Chris Baker and his team enhances the firm's ability to support both new and existing clients [3] - The firm recently rehired Andrew Roberts as audit director in its Social Purpose team, indicating ongoing growth and development within the organization [3]

UHY has increased its footprint in New York’s Capital Region through a combination with Queensbury-based certified public accounting practice CMJ. Founded in 1988, CMJ provides accounting, tax and advisory services. The company works with a wide range of business structures including corporations, LLCs and partnerships. CMJ’s scope of services covers entity formation, operational issues and organisational structuring, as well as succession planning and advice on mergers and acquisitions. Under the term ...

Bishop Fleming, a UK-based audit, tax, accountancy and advisory practice, has appointed two senior directors as it looks to expand its risk and private client tax work across its UK network. The accountancy practice has hired Razia Gent as director of Internal Audit and Risk Advisory, based in its Birmingham office. The company has appointed Peter Budden as Private Client director in its Bristol headquarters at Temple Back. Razia Gent joined Bishop Fleming from BDO in Birmingham, while Peter Budden joi ...

Australia’s peak accounting and self-managed super fund (SMSF) bodies have lodged a joint submission to the Treasury’s consultation on professional indemnity insurance (PII) in the context of the Compensation Scheme of Last Resort (CSLR). In the submission, Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia, the Institute of Public Accountants and the SMSF Association urged Treasury to lift transparency and strengthen data collection on PII claims. In a statement, CA ANZ said robust ...

The proposed merger between BDO UK and BDO Ireland has moved a step closer, with the two firms exchanging contracts after partners approved the deal. In a statement, BDO UK said the deal will add BDO Ireland’s offices in Dublin and Limerick to the UK business' 17 existing locations. In November 2025, the two companies confirmed that they were in talks to combine operations and said discussions were in their concluding phase. The transaction is subject to regulatory clearance and is expected to complete ...

The Financial Reporting Council (FRC) in the UK has approved changes to FRS 102, updating the rules that govern how companies may reshape the layout of their balance sheets and profit and loss accounts in their annual reports. The updated standard aims to let entities use presentation options under company law while keeping the reporting framework relevant and informative for users. The update has been drafted to keep presentation requirements broadly aligned with International Financial Reporting Stand ...

Core Insights - The rise of AI technology is dismantling traditional middle-class careers, particularly in white-collar sectors, rather than blue-collar jobs [1][2] Group 1: Vulnerable Careers - Data entry and processing clerks are facing a projected 35% decline by 2032, equating to approximately 53,000 jobs lost in the US [4] - Paralegals and legal assistants are being replaced by AI tools that can conduct legal research and draft documents significantly faster, with a reported 60% reduction in case preparation time [6] - Insurance underwriters are seeing a shift as AI systems evaluate risk profiles and make coverage decisions more efficiently, with McKinsey estimating 25% of tasks in the insurance industry to be fully automated by 2030 [8] - Bookkeepers and accounting clerks are increasingly being replaced by AI platforms that automate transaction categorization and financial reporting [10] - Customer service representatives are being replaced by AI chatbots, with companies like Klarna saving $40 million annually by replacing 700 agents [12] - Loan officers and mortgage processors are becoming obsolete as AI-driven platforms can assess creditworthiness and approve loans faster than traditional methods [15] - Medical coders and billing specialists are facing job losses as AI systems automate coding and claims processing with high accuracy [17] - Junior and mid-level financial analysts are at risk as AI tools can generate reports and identify market trends, potentially replacing significant portions of the workforce [19] - Technical writers are seeing a decline in demand as AI can generate documentation with minimal human input [21] - Administrative and executive assistants are being replaced by AI tools that manage scheduling and communication tasks [23] Group 2: Wealth Strategy - The article suggests that the conventional career path is breaking down, and the future lies in leveraging AI tools to create one-person businesses [24] - By utilizing AI, individuals can offer services that were previously managed by teams, thus transforming the traditional employment model [26] - The shift towards AI-powered businesses allows individuals to scale their output and create value without competing for traditional salaried positions [27]

The Institute of Singapore Chartered Accountants (ISCA) has backed measures announced in Singapore’s Budget 2026, saying they underscore the accountancy profession’s national role. The institute regards the Budget as a signal for accountants to take on a stronger role in keeping businesses resilient, well governed and prepared for long-term expansion. Its response draws on recent ground engagements conducted with the Association of Small and Medium Enterprises (ASME), which pointed to mounting pressures ...