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Associate Member Applies His Knowledge to Help Build the Future of Young People

From www.aiaworldwide.com

The AIA is pleased to announce that Associate Member Professor Mark Watson-Gandy recently published his latest book titled KidsMBA: How to Build a Successful Business: Essential Skills and Know-How for Future Billionaires’.

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Be Secure With Our Cyber Security Seminar

From www.aiacybersecurity.com

Our first seminar of 2019 takes place on 05 February. Our speakers will discuss the dilemmas for the accountancy profession, in such a digitally advanced environment. Throughout this seminar, you will learn everything you need to know about Cyber Security and how to plan for the future.

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How US Accountants View Their UK Counterparts | AccountingWeb

From www.accountingweb.co.uk

Given the interesting times we live in, it’s perhaps a good time to take stock and have an opportunity to see "How others see us" – inspired by the recent radio series of the same name – to find out if seeing the UK profession through the eyes of peers from other countries sheds any light on where we are.

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How to Prevent Client Disputes | AccountingWeb

From www.accountingweb.co.uk

The most common cause of disputes is the failure to see the future. Am I suggesting you should invest in crystal balls and palm reading? Not at all. I am suggesting that there are certain future events in business or in client relations that are almost inevitable, and failing to adequately prepare for those eventualities is the most common cause of client disputes.

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Horror Stories: Accountants Recall Self Assessment Nightmares | AccountingWeb

From www.accountingweb.co.uk

Any accountant who has endured the onslaught of self assessment season has that one year that stands out in their personal hall of infamy. Yes, the stress of a mountain of tax returns is not enough; sometimes the self assessment gods just want to inflict more pain.  

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New Multi-Stakeholder Initiative Seeks to Make Finance Sector Ally of Sustainability | Vietnam News

From vietnamnews.vn

The Asia Sustainable Finance Initiative was launched in Singapore on Monday to help shift Asia’s financial flows towards sustainable economic, social and environmental outcomes. With WWF as its secretariat, the multi-stakeholder platform will bring together the finance industry, academia, and science-based organisations, to support Singapore-based financial institutions in deepening their sustainable finance expertise.

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Update on FRC Investigations in Relation to Carillion | FRC

From www.frc.org.uk

The FRC is investigating KPMG’s audits of Carillion (2014-2017) and the conduct of two former finance directors, Richard Adam and Zafar Khan. Additionally, in November 2018, the FRC opened a further investigation relating to the provision of materials to the FRC by KPMG in connection with the FRC’s Audit Quality Review into aspects of the audit of Carillion for the year end 2016. The decision to open this investigation followed matters self reported by KPMG.

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AIA Members Invited to Join HMRC’S Agent Forum

From www.aiaworldwide.com

All tax agents, who are a member of a professional body, are invited to join HMRC’s Agent Forum. This dedicated Agent Forum is hosted in a private area within the HMRC Online Customer Forum. You can interact with other agents and HMRC experts to discuss topical issues and processes.

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Accountant Jailed for £125k Double Fraud | Accountancy Daily

From www.accountancydaily.co

An accountant who committed a fraud at one of her employers, which meant the company had to make five redundancies among staff, and who then went on to steal money from a second business has been jailed for 32 months.

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21% Increase in Tax Take in Just 10 Years | Accountancy Age

From www.accountancyage.com

News has been revealed about HMRC this week, as UHY Hacker Young reports receipts have hit a record high; total tax take has increased by 21% in the last decade. In 2008-09, the percentage of HMRC’s total tax take was measured at 18%. This proves that the Treasury has “become increasingly reliant on VAT as a source of revenue”, the firm has stated.

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Making Tax Digital for VAT: Partnerships and Flat Rate Scheme Users Join the Pilot Party | AccountingWeb

From www.accountingweb.co.uk

Partnerships and those on the flat rate scheme for small businesses can now sign up to join the Making Tax Digital for VAT pilot. HMRC has also written to the small number of businesses with complex needs that will have to delay starting to file under MTD until October.

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Taiwan's Average Regular Wage Rises Over 2% | Taiwan News

From www.taiwannews.com.tw

Taipei, Jan. 12 (CNA) The average regular wage rose more than 2 percent from a year earlier in November, the 12th consecutive month as the economy continues to improve from a year earlier in 2018, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

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China’s 2018 FDI Hits a Record High | GOV.CN

From english.gov.cn

China’s Ministry of Commerce (MOFCOM) said overseas companies are showing more confidence in investing in the country, with foreign direct investment (FDI) in particular hitting a record high in 2018. In a year when overseas markets pose concerns for the global economy, many of them still continue to invest in China. MOFCOM said FDI in China rose three percent in 2018, to $134.97 billion. December alone saw a 23.2 percent jump of nearly $14 billion.

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New Taskforce to Tackle Economic Crime | GOV.UK

From www.gov.uk

The Home Secretary and Chancellor will today (14 January 2019) jointly chair a new government taskforce which will work with senior figures from the UK financial sector to tackle economic crime. The scale of this type of crime – which includes fraud, bribery, corruption and money laundering – is estimated to be at least £14.4 billion per year.

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AIA Encourages Members to Embrace Online CPD Learning Solutions

From www.aiaworldwide.com

Do you sometimes find it a struggle to attend CPD events in person? If so, why not try AccountingCPD’s award winning online CPD courses from the comfort of your own home or office. With over 500 hours worth of courses to choose from, there is something to inspire everyone.

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5 Top Tips for Boosting Creativity at Work

From www.aiaworldwide.com

When we're busy and stressed, doing creative things can seem like a waste of time or a luxury. However, if you don't make time to step out of your routine and expose yourself to new experiences, you'll always stay focused on familiar routines and solutions. Need help getting those creative juices flowing? Here are our 5 tips on boosting your creativity…

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Keep the Momentum Going with Achieve

From www.aiaworldwide.com

Its the first full week of 2019! Get your motivation going and prepare for your upcoming 2019 exams with the AIA's Interactive Distance Learning Programme, Achieve. If your struggling to cope with revision, or finding the exams a little more difficult than you expected, then Achieve is the programme for you.

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Accountants Urged to Flag It Up and Tackle the Threat From Dirty Money | Flag It Up

From flagitup.campaign.gov.uk

The AIA is proudly supporting Flag It Up, the Government’s anti-money laundering campaign, and is encouraging you, our members, to do the same. The new look campaign was re-launched in October to urge professionals working in the accountancy sector to remain alert to the red flags of money laundering, and report any suspicious activity via a high-quality Suspicious Activity Report (SAR) to the National Crime Agency (NCA).

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Automatic Enrolment - Workplace Pension Duties | The Pensions Regulator

From www.thepensionsregulator.gov.uk

Your clients’ automatic enrolment duties are ongoing - it doesn’t end on their staging date/duties start date If your clients have already automatically enrolled staff, it’s important they understand that their automatic enrolment duties are ongoing. The Pensions Regulator carries out spot checks in the UK, so make sure your clients know what they need to do and are up to date with their ongoing duties.

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MTD for VAT: New Year Progress Check | AccountingWeb

From www.accountingweb.co.uk

With Brexit and MTD for VAT hovering uncertainly on the horizon, the usual January Self Assessment rush this year looks more like a gentle curtain raiser for the fun to come. But even if the go-live date for the new method of filing VAT Returns is still several months away, the clock is ticking inexorably, particularly for the HMRC teams that are responsible for rolling out the enabling technology.

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2018: Accounting Success in the Face of Adversity | AccountingWeb

From www.accountingweb.co.uk

Almost every day the mainstream media reports on the dire economic times in which we now live. Whether the cause is Brexit, the inexorable march of technology or another spectre of economic doom, the message is the same: jobs cut, profit warnings issued and companies closing down.

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AIA Welcomes Bold New Vision Set Out in FRC Independent Review

From www.aiaworldwide.com

The Independent Review of the Financial Reporting Council (FRC) led by Sir John Kingman published its report to government 18 December 2018. The review recommends that the FRC be replaced with an independent statutory regulator, accountable to Parliament, with a new mandate, new clarity of mission, new leadership and new powers. The new regulator would be called the Audit, Reporting and Governance Authority (ARGA) and will have a different culture and statutory objective to serve the interests of users of accounts. It is anticipated that ARGA will also act to promote competition in the audit market.
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AIA Urge Members to Support Local Charities During the Festive Period

From www.aiaworldwide.com

It’s the season for giving.

 

Here at the Association of International Accountants (AIA) we have been supporting Newcastle West End foodbank, a locally based charity during this festive period.

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How Accountants Can Stay on Top of the Digital Wave | Director of Finance

From dofonline.co.uk

Accountants need to stay ahead of technology to anticipate client needs, says Jennifer Warawa As technology continues to develop, today’s accounting firms are quickly discovering that key tasks such as matching purchase orders and flagging invoices for payment can be expedited by leveraging the likes of machine learning and artificial intelligence (AI).

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