Intuit QuickBooks

2025 will be promising for SMEs,says Lamont Pridmore Accountants

2025 will be a good year for small and medium-sized enterprises (SMEs) as new research shows an average revenue increase of 11.5%, Lamont Pridmore Accountants said. Despite some initial misgivings about the future from some corners of the SME world, recent findings from Intuit QuickBooks, the University of London, and…

Read More »

Job market remains ‘stagnant’, QuickBooks finds

The job market and employment numbers continue to decline, according to Intuit QuickBooks’ latest Small Business Index for September 2024.  Job vacancies in UK small businesses dropped by 0.08%, with 100 fewer open positions, while employment saw a slight decline of 0.03%, translating to a loss of around 1,400 jobs. …

Read More »

Nearly half of SMBs turn to accountants to help navigate cost-of-living crisis

Some 43% of small to medium businesses (SMBs) are using an accountant to seek more financial forecasting support amid the cost of living crisis, according to a new research by online software provider QuickBooks. It also stated that more than a third (35%) who don’t currently have an accountant are…

Read More »

Nearly half of business owners delay filing Self Assessment tax return

Despite having up to 10 months notice to file their Self Assessment tax return, nearly half (46%) of owners are holding off filing until 2-3 months before the deadline, according to new Intuit QuickBooks research.  In fact, a quarter (25%) of the millions of small business owners across the country…

Read More »

SMEs spend 20% more on credit card than pre-2020, Intuit finds

Small businesses currently spend 20% more, on average, on credit card fees than they did before the pandemic due to elevated inflation and high-interest rates, according to a new report from global financial technology platform Intuit.  At the same time, monthly credit card payments – including interest charges – are…

Read More »

How practice management software can revolutionize accounting businesses

Clients are increasingly leaning on accounting firms for a broader range of services. While clients traditionally expected the “number-crunching” of compliance and bookkeeping services, accounting professionals can also provide consultancy, strategic advice, HR and marketing services, to name a few. This expansion of services is great news for business growth,…

Read More »

AI to strengthen accountants’ position as strategic business partners

Almost nine in 10 (86%) accountants have agreed that within the next five years, AI will play a crucial role in their ability to be an “effective” strategic business partner to their clients, according to new research from Intuit QuickBooks. According to the report, the most commonly cited benefit of…

Read More »

Over 75% of accountants work extra hours during New Tax Year, study finds

Over three quarters (78%) of accountants said they’re prepared to work extra hours to help reduce the burden on their clients during the New Tax Year period, putting in an average 20 hours of overtime, according to new research from Intuit QuickBooks. It said it found the difficult economic climate…

Read More »

Accountants under most pressure at end of tax year, study finds

Some 46% of accountants experience the most pressure and stress in supporting their clients during the end of the tax year – even more than in the lead up to Self-Assessment deadline (42%) and the Christmas season (31%) – according to new research from Intuit QuickBooks. It said this is…

Read More »

The HMRC portal is closed: how to support the SMBs that missed the MTD VAT deadline

There’s a lot on the minds of small business owners. In the current economic climate, these priorities are in constant competition. So it’s no surprise that a recent survey by Intuit QuickBooks found that small businesses are more likely to prioritise tackling rising costs, chasing late payments, and hiring new…

Read More »