AccountingWEB.co.uk

A former HMRC compliance officer has been handed a suspended sentence after using the tax department’s systems to produce letters with fake national insurance numbers as part of a £3.3m money-laundering operation. 📃 🖱️Click here: https://ow.ly/lLfe50UhEFP

Jim Harra, HMRC’s chief executive, has announced plans to trial the use of generative artificial intelligence in a bid to deal with complaints and meet efficiency targets. 🤖 👇👇👇 https://ow.ly/piec50Uht1n

Billhop offers a fresh approach to business payments, enabling companies to use credit cards to settle invoices and taxes seamlessly — especially with suppliers which don’t accept card payments. 💳 👀Read now: https://ow.ly/lBwi50UhsQc

US department store giant Macy’s has delayed its third-quarter results after the company found an employee had made erroneous accrual entries to hide as much as $154m in expenses over three years. 🛍️ 📖Read more: https://ow.ly/mXjQ50UhllS

Mindset, demographics and a lack of investment in new technology are all contributing to CFOs feeling they are operating with one hand tied behind their backs. 🙋♂️ 🖱️Click now: https://ow.ly/G8aK50Uhlky

We are joined by Gravita’s Thomas Adcock to discuss the impact of the inheritance tax changes on farmers. The team chat about the government’s new chatbot and the rise of virtual finance directors. 🎙️Listen now: https://ow.ly/N5kJ50UhvNy

Visitors to government web pages may have noticed a new feature – an AI chatbot designed to make it easier to find information on GOV. AccountingWEB puts the bot through its paces and looks at what is being tested. 🤔 👉Read here: https://ow.ly/75r650Uhl89

Cloud accounting platform Translucent has launched three new products designed to address multi-entity data issues, including a tracking category audit tool and the ability to add six additional tracking categories across a Xero group. 🧐 👇👇👇 https://ow.ly/jb7F50UhkZ9

The UK’s independent public spending watchdog has disclaimed the government’s accounts for the first time ever as a result of the severe backlogs in the English local authority audits. 📖Read more: https://ow.ly/swMg50UgwQ6

The first tier tribunal refused a taxpayer’s application to bring a late appeal against a protective VAT assessment raised over nine years earlier. ⏰ 👇👇👇 https://ow.ly/VkSi50UgwOx