An exploratory study of digitalisation in the UK accountancy practices initiated by Making Tax Digital and Cloud Accounting

Rafique, Muhammad

Abstract

Digitalisation is expected to bring major changes to all businesses and cloud accounting is an emerging technological trend. This grounded theory study explores the impact of the Making Tax Digital initiative and the emergence of cloud-based accountancy software on the digitalisation of small accountancy practices in the UK. Based on the findings, three hypotheses have emerged. First, the Making Tax Digital initiative will have a partial impact on the digitalisation of accountancy practices. Second, clients not accountants control the pace of digitalisation. Third, the adoption of digitalisation is influenced by an accountants’ mindset.

• Journal Article Type: Article
• Acceptance Date: Apr 17, 2021
• Online Publication Date: Apr 30, 2021
• Publication Date: Apr 30, 2021
• Deposit Date: Apr 28, 2021
• Publicly Available Date: May 4, 2021
• Journal: IOSR Journal of Business and Management
• Electronic ISSN: 2278-487X
• Publisher: International Organization of Scientific Research
• Peer Reviewed: Peer Reviewed
• Volume: 23
• Issue: 4 (Series 5)
• Pages: 40-46
• DOI: https://doi.org/10.9790/487X-2304054046
• Public URL: https://nottingham-repository.worktribe.com/output/5499983
• Publisher URL: http://iosrjournals.org/iosr-jbm/pages/23(4)Series-5.html