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Member Update - July 2017
Delay to Making Tax Digital initiative is welcomed

Industry bodies have welcomed the government announcement that mandatory digital record keeping and quarterly reporting by small businesses and landlords for income tax purposes will be deferred until at least April 2020.

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HMRC – future events

HMRC has arranged further Talking Points sessions covering Companies House and PAYE.  A digital working together meeting has also been arranged. 

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Call for simpler Corporation Tax for smaller firms

Government advisers have called for a radical simplification of corporation tax to benefit companies of all sizes and attract investment in post-Brexit Britain.

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Temporary changes to PAYE employers agent code service

HMRC is warning agents about temporary changes to the PAYE for employers agent code service. The Revenue’s Deputy Director Digital Support for Businesses and Agents, Colin Ford, said that HMRC regularly carries out routine maintenance and specific improvements.

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Auto-enrolment: Key messages July 2017

Do you have clients who have recently become new employers? Make sure you know when their automatic enrolment duties start.

The date your client starts to have automatic enrolment duties will depend on when they first became an employer.

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Bolster your career with access to further technical support

Being a self-employed bookkeeper or accountant can be a lonely profession. Many who work from home, or even in an office, often have little or no contact with other people, except for the occasional conversation with a client.

In addition to the tax and VAT helpline and technical advice that you currently have access to, there is now a new website where members wishing to receive support can go to gain answers to any questions they might have.

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IAB Facebook group is there to help you

Have you checked out our Facebook group, designed exclusively for IAB students and professional members? The aim of the group is to provide further support to members and a platform where they can interact with each other. The group can be used for discussions relevant to studying or the bookkeeping profession, and can be used to post any queries you may have. We hope this group will provide more support to you in your studies or careers.


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IAB’s recommendation reward scheme

As a member of the IAB you already recognise the benefits that membership can bring. Now we can add one more!

If you have a colleague or friend who works as a bookkeeper or an accountant, and you would like them to join you as part of a professional body for people who make businesses better, then there has never been a more rewarding time to do so.

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New IAB logos for all your literature

The IAB has a selection of logos for professional members to use on marketing literature and stationery. The logo is a mark of professional excellence, and signals to clients or employers that you are at the very top of your profession. The logos can be used on websites, email footers and social media profiles to name but a few. To view the guidance on using the IAB logos and to find out which logos you are entitled to use please click here.

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Word from Sarah: Self-Worth equals Net Worth

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

Money is simply an idea; it is a means of exchange. Think about it for a moment, before money we bartered with each other as a means of exchange. When the concept of money first came about we use to have the “chuck wagons” or gold wagons, then, to make it more practical, coins were invented so we were able to carry money from one town to the next, then we converted the coins to paper in an attempt to make the coins lighter as the distances we travelled increased. 

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IAB Privileges: Save 10% on Forest Holidays

Imagine relaxing with a bottle of wine and your special someone in your own luxury log cabin. The only sounds you can hear are the melodic chirp of birdsong, a gentle rustle in the trees and the bubbling of your private hot tub. Sounds good, doesn’t it? Save 10% on your stay at leafy locations across England and Scotland with Forest Holidays.*

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International - Euro zone trade booms in May, EU-Russia commerce surges

Euro zone's trade boomed in May with both exports and imports of goods to the rest of the world growing markedly, in a new sign that global commerce was in good health.

The European Union, the world's main trader, also saw its trade increase with all its main partners, with a surge of exchanges with Russia despite economic sanctions on Moscow.

Read the full article on Reuters >
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