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Member Update - April 2017
Update your knowledge and skills by attending a CPD event

If you're looking to further your skills and knowledge then there are several Continuing Professional Development (CPD) events taking place over the next few months which may be of interest to you. These include the IAB's seminar in London on Thursday 18th May, a series of anti-money laundering workshops arranged by the Institute of Financial Accountants (IFA) and The Bookkeepers Conference which is being arranged by The Bookkeepers Alliance and is taking place on Monday 12th June.

Find out more >
SARs: taking action against suspected money laundering

As bookkeepers, most of us are aware of the threat that money laundering poses to our industry, as well as to the economy. But in some cases it’s probably fair to say that we don’t often think about the direct or indirect social harm it can cause, facilitating more serious crimes such as human trafficking, illegal drugs and the arms trade. As intermediaries, we have a crucial role to play in disrupting this threat.

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New AML watchdog

A new watchdog has been set up to help close any loopholes used by criminals to launder their dirty money in the UK.

The Office for Professional Body Anti-Money Laundering Supervision (phew!), or OPBAS to you and me, will sit within the Financial Conduct Authority and should be up and running by the start of 2018.

Read More >
Join the new IAB Facebook group to gain further support for your career

We have launched a new Facebook group for IAB students and professional members. The aim of the group is to provide further support to you and a platform where you can interact with fellow members and get to know each other

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Cyber crime – the implicit threat to digitised financial processes

A staggering seven million cyber crimes are committed against smaller businesses in the UK every year. That’s 19,000 every day. On average, each of these incidents costs the victim nearly £3,000, and takes 2.2 days to recover from.

Read More >
Bank cheques to be cleared in 24 hours

A new system for next day clearance of cheques is to start later this year. Currently, cheques can take up to six working days to clear, but this will change in October.

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Last tickets available for Europe's largest business show!

The business show is just weeks away and 90% of the tickets have already sold. Europe's largest business exhibition is back on 17th and 18th May at ExCeL London. 

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Pension Solution can help with your auto enrolment

Pension Solution was set up by the Pensions and Lifetime Savings Association (PLSA) specifically to help small employers through automatic enrolment. The PLSA is an independent trade association acting as the UK voice of the workplace pensions industry.

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Automatic enrolment: minimum contribution levels due to increase in April 2018 and April 2019

By law, on 6 April 2018, all employers are required to increase their contributions into their staff's automatic enrolment pension to at least 2%.  Staff contributions will also increase so that their contributions make up the shortfall needed to bring the total minimum contribution up to 5%.

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Word from Sarah: why payroll services is a much undervalued profession

As I write this, payroll year-end is in full swing and I am considering my pricing strategy for the new financial year. In my opinion, the payroll industry, comprising both payroll software providers and payroll bureau, is seriously undervalued. Most payroll professionals see auto-enrolment as yet another piece of legislation or business process that they are forced to deal with, but to me auto-enrolment feels like the end of a disruptive period, which started with HMRC’s introduction of RTI.

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IAB Privileges: Save £165 on a season of cricket at Lord’s

Spring spells the return of cricket. And there are few finer places to enjoy the knock of leather on willow than Lord’s. Save £165 on membership with Middlesex CCC and pay no more than £100 to enjoy five glorious months of county championship games, one day cup games and T20 Blast games.*

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International - Turkey to prioritise economy, including inflation, finance minister says

Turkey's government will prioritise the economy, including bringing down inflation and unemployment, and will not take tax measures that could further stoke consumer price growth, Finance Minister Naci Agbal told Reuters on Tuesday.

Read the full article on Reuters >
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*Terms and conditions apply. See website for details. Offers and prices subject to change without notice. This is a special introductory offer for new members of Middlesex County Cricket Club. IAB Privileges is managed on behalf of IAB by Parliament Hill Ltd.

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