Twinfield blog

On the face of it, the dynamic world of social media and the traditionally conservative, structured world of accountancy seem poles apart. Tweeting, sharing multimedia content and collaborating online hardly sound like features that would add value for figure-hungry clients or the firms that serve them. But just as the public is now being given [...]

The accountancy market is in a state of flux – squeezed by the trend towards lower priced book-keeping services at one end and the push into the mid market by the Big Six at the other. But as the UK’s SMEs brace once more for a tough 12 months, there is a massive opportunity for [...]

The truth is out; Twinfield has been acquired by Wolters Kluwer. The acquisition is in line with Wolters Kluwer’s strategy to expand its portfolio of products and services.  for the finance and business professional. It is a sign of the times that they have acquired a completely new business model: subscription-based online accounting. It is [...]

I fondly recall the memories I have of my grandparents’, Grandma & Grandad Kwakernaat, own grocery on the high street in Nijmegen, Holland and of my Grandad’s little kiosk at The Canisius Hospital in the city centre. It made my day whenever I was allowed to help out with little jobs in the kiosk or [...]

Maintaining financial accounts is a necessary evil; at least that is how it’s perceived by many entrepreneurs within the small-to-medium business community. Nonetheless, accounting records contain a wealth of information that, when used in the right way, could readily help generate extra income. The way in which you carry out your bookkeeping or accounting can [...]

A recent question on AccountingWEB asked: “Like many others, a fair amount of my time is being taken on chasing cients for information for their tax returns.  I would be really grateful for any ideas and suggestions how to change this. ” I think a complete change of mindset is needed (on both sides). This [...]

During my daily meetings with our clients (i.e. accountants) about Twinfield’s vision on the iXBRL introduction, I notice that everyone is willing to make the necessary preparations. I often notice that people are looking beyond the possibility of generating a digital report for the requesting party. For many people, it is an excellent time to [...]