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What a No-Deal Brexit Means For Your Firm | AccountingWeb

From www.accountingweb.co.uk

Whether readers belong to one of the extreme factions favouring remaining in Europe or leaving without any deal or prefer some middle ground in between, it seems unlikely that anyone will be satisfied with the current state of uncertainty.

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Accounting and Audit 'No Deal' Letters | FRC

From www.frc.org.uk

The Financial Reporting Council (FRC) and the Department for Business, Energy and Industrial Strategy (BEIS) have published letters for auditors and accountants to share information in case there is no deal for leaving the EU by Friday 29 March 2019.

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Anti-Money Laundering - February Update

From www.aiaworldwide.com

When considering your firm-wide risk-based approach you should review sanctions and watchlists in place by the UK government and Financial Action Task Force, take into account guidance provided by AIA, regularly undertake AML-related CPD and utilise AMLCC to take the pain out of your risk assessments.

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Follow Companies for Free | GOV.UK

From www.gov.uk

Companies House is reviewing the products provided from the Companies House Direct service. From the end of February 2019 it is our intention to discontinue the monitor facility, notices to this effect were placed on the service in November 2018. They have a replacement called Follow available on the Companies House service

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AIA Partners with GDPR Specialists to Support Member Compliance

From www.aiaworldwide.com

AIA is delighted to announce a new strategic partnership with industry leading General Data Protection Regulation (GDPR) specialists, The Data Support Agency. The collaboration will provide AIA members with a cost effective, solutions driven approach for the implementation and maintenance of best practice around their own data compliance, which in turn will ensure their clients can be assured that their own data is being well maintained.

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AML COMPLIANCE UPDATE WEBINAR 

From aia-website.azurewebsites.net

Did you take part in AIA’s AML webinar on 15 February? During this session members were provided with an update on AML Compliance, covering areas including:

  • How AML Regulations affect your practice.
  • Criminal Record Checks – why these are important in the fight against money laundering.
  • Customer Due Diligence – the importance of risk assessing clients.
  • Trust or Company Service Provider – what you need to know and do.
  • Reporting suspected money laundering activity – key indicators of suspicious activity and how to lodge a report.
  • Free Anti Money Laundering Compliance software.

AIA RECOMMENDS: if you did not attend this webinar login to MyAIA and access the recording.

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AIA Sign Up New Partner Offering Discounted Card Processing Facilities

From www.aiaworldwide.com

AIA is pleased to announce its latest strategic partnership with dynamic merchant services provider, CutPay. The partnership aims to provide AIA members and their clients with preferential rates and heavily discounted card processing facilities; typically up to 40% off.

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AIA Backs Anti-Money Laundering 'Flag It Up' Campaign

From www.aiaworldwide.com

AIA are working closely with UK Government to help raise the awareness of the ‘Flag It Up’ campaign aimed at accountants and other professionals in the finance, legal and property sectors.

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AIA Urge Members to be MTD Ready

From www.aiaworldwide.com

With less than two months to go, are you Making Tax Digital (MTD) ready? If not, AIA would urge members to attend the upcoming ‘Making Tax Digital’ webinar on 18 March as Amanda Swales, Director of GoSimple Software covers all the facts and figures, digital software and new processes members will need to undertake in order to make sure their clients are MTD ready by 1 April 2019.

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Agent Update: issue 70 | HM Revenue & Customs

From www.gov.uk

Agent Update 70 is available now and contains the latest articles, updates, help and support for the entire agent community. Highlights include EU Exit, HMRC Service, the latest news on Making Tax Digital (MTD) and a tax section which introduces RTI payroll submissions and Machine Game Duty.

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Understanding Charitable Giving – With the (Gift) Aid of the Taxman | GlobalBankingandFinance.com

From www.globalbankingandfinance.com

As the end of the tax year approaches you may be thinking about maximising your ISA allowance or topping up your pension contributions before 5 April. But what if you just want to make a donation to your favourite charity or local amateur sports club?  Can this be done tax efficiently?

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Spring Clean Your Client Debtors List | Keys Finance

From www.keysfinance.co.uk

With spring upon us, now is the perfect time to look again at your outstanding debtors.  As a Practice, you have undertaken your Client work, issued an invoice and are still awaiting payment. Why?  There is no need to wait any more than 24 hours to get paid your professional fees, in full and at no cost to your Practice.  Using a simple application process, you can enhance your collections by speaking with Keys Finance today.

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Are You Taking Advantage of Your FREE AMLCC Software?

From www.aiaworldwide.com

The AIA recently met with Richard Simms to discuss all things Anti-Money Laundering. View Richard’s interview as he explains the importance of AML compliance and the benefits of utilising the FREE AMLCC software on offer for AIA members.

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Official Brexit Guidance for AIA Members to Support your Clients in the Event of a No Deal Scenario

From aia-website.azurewebsites.net

Delivering the deal negotiated with the EU remains the Government’s priority, however with less than three months until Britain’s exit from the EU, the Government must prepare for various scenarios. This preparation includes regularly updating the cross government partnership pack which provides guidance for businesses trading with the EU and their advisers.

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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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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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Towergate BIB Offer Preferential Rates on Professional Indemnity Insurance

From www.aiaworldwide.com

As the AIA approved insurance provider, Towergate BIB in association with Allianz Insurance will offer practising members preferential rates on Professional Indemnity Insurance and enhanced cover on Office Insurance policies, with the additional benefits of interest free direct debits facilities.

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The Triennial Review of FRS 102

From www.aiaworldwide.com

The first formal review of the practicalities of the financial reporting standard applicable in the UK and Republic of Ireland has provided the opportunity to ensure it is fit for purpose and helps (still) address the needs of stakeholders.

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Should you Bother to Submit a SARS? | AccountingWeb

From www.accountingweb.co.uk

Accountants have many demands on their time, whatever time of year. Completing and submitting a SARS (suspicious activity reports) takes a long time: unpaid time spent on someone who to all intent and purposes will cease being or not become a client.

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Building a Future? Make Sure You Build it on Firm Foundations | PG Mutual

From www.pgmutual.co.uk

There’s nothing more exciting than making plans for the future. Now’s the perfect time to underpin those hopes and dreams by considering an Income Protection Plus plan with PG Mutual. If you were ever off work, through illness or injury, you could then rely on a regular, monthly income to pay the rent or mortgage, cover all the bills and allow you to enjoy the fun stuff too. Plus, as an AIA member, you receive 20% off your first two years’ cover*.

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Client Money Breach Racks Up Big Disciplinary Bill | AccountingWeb

From www.accountingweb.co.uk

West Yorkshire firm Auker Rhodes has been reprimanded and fined £5000 after breaching client money regulations in a complex case that garnered a £14,930 disciplinary bill of costs.

 

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New Measures to Tackle International Money Laundering | Gov.uk

From www.gov.uk

Package of measures to increase transparency and tackle corruption unveiled today.

Measures to increase transparency and prevent abuse of limited partnerships, which some criminals have used to launder dirty money through the UK were unveiled today (10 December), as the government published its response to the consultation on the reform of Limited Partnership Law.

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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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2018 In Practice: Stress and Sweary Accountants | AccountingWeb

From www.accountingweb.co.uk

From sweary accountants to burn-out culture and compliance burdens, 2018 was a pretty tough year for accountants in practice.

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