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Member Update - July 2019
What can a theme park teach us about bookkeeping?

Thank you to Kris McCulloch from The Bookkeepers Alliance for providing this article.

Sometimes the best inspiration comes from somewhere totally different from our profession.  By looking at what other sectors do well, we can take their ideas and adapt them to suit our business.

I’ve recently been on a tour of UK theme parks with my family for our summer holidays.  One of the businesses I’ve been noticing recently that can teach us a lot about pricing is Merlin.  Their pricing strategies are amazing and employ every trick in the book.

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New membership benefit: SmartVault discount for IAB professional members

SmartVault are a cloud-based document transfer and storage solution. Their software is GDPR compliant, with bank-grade encryption and automatic file back-up. They are tailored to the financial sector, with bespoke folder and email templates for accountants and bookkeepers plus integrations with DocuSign, TaxCalc, Xero, Quickbooks, Outlook and more. 

All IAB professional members are entitled to 20% discount on a SmartVault subscription. 

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SmartVault Webinar: The guide to going virtual for bookkeepers and accountants

What does working virtually mean, and how do you navigate the world of applications to ensure you are adding value and not taking away time from your business. Learn how to transition your business over to a digital-first mindset during this 30-minute, complimentary webinar from SmartVault.

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How to make the most of your Yell.com listing – for free!

If you’re looking for some free exposure for your business online, claiming a free listing on Yell.com is a great place to start. In fact, setting up free listings on a number of platforms like Google My Business and TripAdvisor all helps search engines build up a good view of your business, and can help you appear more consistently in local search. Find out more about how to make the most of your online presence by clicking on the link below.  

The IAB has partnered with Yell Business to bring you offers to help your business be found and chosen online.  Please find further details of these offers below.  

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Changing your contact details on the Members' Area

You are now able to change your contact details via the Members' Area section of our website.  You can change your phone number, postal address and email address.  You are also able to view your membership number when you login.

To login please visit: www.iab.org.uk/login. You can change your contact details by visiting the 'My Account' section and then going to the 'Account details' page.   

Should you have any queries please contact the membership team: membership@iab.org.uk or +44 (0)1732 897750. 

How to get great results from your bookkeeping business: delivery

Once upon a dim and distant past, the main job of the bookkeeper was to move a pile of paper from the left-hand side of the keyboard to the right-hand side of the keyboard  (or, even further back, the big red book), capturing the important details of each piece. And then to file the paperwork in a way that it could be found again as needed.

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Don’t let a scammer enjoy your or your clients’ retirement

Scammers are targeting pension pots of all sizes – make sure you and your clients know how to spot the signs

Pension fraudsters are targeting you and your clients with the average victim losing £91,000 each.

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HMRC: Signing up to Agent Services Account and Making Tax Digital

HMRC has made some improvements to the Agent Services Account (ASA). The ASA allows Agents to act on behalf of their clients for Making Tax Digital (MTD).

To view the changes and the updated step-by-step guide to MTD sign up please visit the link below. 

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Companies House changes late-filing penalty appeal process

Companies House has updated the guidance on how it assesses penalty appeals made by businesses for the late filing of accounts, with the changes coming into effect from 1 October.

The late-filing penalties manual now has a revised policy for accounts which are being rejected but have not been received by the company or presenter. Current rejection rates for online filings are 0.5%, while 6% of paper filed accounts fail to get through the approval process.

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The Word from Sarah: Business tips you should know

In her regular feature, Sarah Palmer tackles the issues that matter.

I recently recorded a Podcast for The Successful Bookkeeper with Michael Palmer, CEO of the global bookkeeping business Pure Bookkeeping. We talked about how and why I started bookkeeping and discussed some of the problems I faced while growing a business and my thoughts on the challenges the industry is currently facing.

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IAB Privileges: 17% off Worldwide Attraction Tickets with Online Ticket Store!

Book attractions, excursions, theatre tickets and experiences all over the world with Onlineticketstore.co.uk. Whether it’s a week at Walt Disney World Florida, a dinner cruise in Dubai or a day trip in Rome, you can look forward to hassle-free booking 24/7, instant e-tickets and unbeatable customer service. IAB members receive a 17% discount*.

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*Terms and conditions apply. See website for details. Offers subject to change without notice. IAB Privileges is managed and run on behalf of IAB by Parliament Hill Ltd.

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