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Member Update - May 2019
Last chance to book to attend our London seminar

Time is running out to book a place at our seminar taking place in London on Wednesday 22 May.

The seminar will feature presentations on a range of topics which can be of relevance to you whether you are in an employed position, self-employed or if you are simply looking to update your knowledge and skills.  The topics which will be covered include: Making Tax Digital, attracting and retaining ideal clients through digital marketing and much more!

Find out more and book >
Notice of IAB AGM

The IAB’s 45th Annual General Meeting will be held at 10:45am on Thursday 20th June 2019 at CIPP offices, 90 Long Acre, (Arne Street Entrance), Covent Garden, London, WC2E 9RA.  This notice includes further details of the AGM, including information on the election candidates.  You are also able to access a downloadable form that you can use to vote by proxy.

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Upgrade your membership

We would like to remind you of the opportunities available to upgrade your membership. As you may already know there are three grades of professional membership, which are:

  • Associate
  • Member
  • Fellow (this also enables you to use the title of Registered Bookkeeper) 
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Anti-Money Laundering Survey

HM Treasury are currently in the process of consulting on future changes to Anti-Money Laundering requirements which have come about from the 5th Money Laundering Directive (5MLD).

5MLD requires Obliged Entities (the definition of which extends to members of the accountancy profession) to report any discrepancies they find between the beneficial ownership information available to them and beneficial ownership information on the Companies House PSC (People with significant control) register.

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Self-study open day

We have arranged an open day in Kings Hill, Kent on Thursday 13th June 2019 for anyone interested in finding out more about studying our qualifications via the self-study route.  The event will provide you with the opportunity to find out more about:

  • how to become a qualified bookkeeper
  • self-study, what this involves and the resources available to support your studies
  • the bookkeeping and payroll qualifications available for you to study
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5 Tips to get your business ready for Making Tax Digital – if you’re not already

Thousands of businesses in the UK who submit their own VAT returns need to get ready for the impact of Making Tax Digital.  HMRC has claimed digital tax returns will help reduce an £8bn tax gap resulting from avoidable administrative errors. MTDfVAT has produced five top tips on how to best prepare for this revolutionary change within HMRC. It guides smaller businesses on how to get ready and prepare for 1st April 2019.

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The Business Show – Don't forget to confirm your e-ticket registration!

Europe’s largest business exhibition; The Business Show held at London’s ExCeL on the 15 and 16 of May, is thrilled to announce the NEW Keynote Speaking line-up.

The Business Show will be celebrating its 41st edition and has organised a phenomenal line-up of expert speakers which will include....

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Driving blind

This article has been provided by Kris McCulloch from The Bookkeepers Alliance.

As the cars we all drive become increasingly clever, so too does the information they pack into their Dashboards.

As the driver you can now see at a glance what speed you’re travelling at, how much fuel you have left, how hot the engine is, when your next service is due, your tyre pressure, whether anything is going wrong under the bonnet and so much more.

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MTD VAT Service scheduled maintenance

HMRC will be undertaking scheduled maintenance to the Making Tax Digital (MTD) service, in order to deliver additional functionality for those using the service.

As a result, some services will be unavailable from 4pm on Saturday 11 May until 4pm on Monday 13 May.

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Businesses to be given increased protections from criminals

Companies will be better protected from fraud under new Companies House reforms that will do more to safeguard the personal data of business owners and ensure the accuracy of the register.

Business Minister Kelly Tolhurst has unveiled a substantial package of reforms, with the aim of minimising the burden on law abiding companies. 

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Pension benefits rules set to align with younger partner

The government is overhauling the date couples can receive pension age benefits so they will only be payable when the second person in the couple reaches retirement age, rather than the eldest as now.

The rules come into force from 15 May 2019 and mean that couples will no longer be able to choose to claim pension age benefits as soon as the older partner of the couple reaches state pension age.

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Guest blog: Three common questions asked by directors of insolvent companies

This month we are featuring a guest blog from David Perkins at Parker Andrews which is a firm of Licensed Insolvency Practitioners.  

Am I automatically banned from being a director of another company?
No. There is no automatic ban on the director of an insolvent company taking up another directorship. 

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IAB Privileges: Vehicle Breakdown Cover

Do you want one less thing to worry about before your next road trip? Then why not take a look at this breakdown cover benefit from startrescue.co.uk – and make certain you have breakdown cover in place if your vehicle breaks down!*

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© 2007-2019 International Association of Bookkeepers

*Terms and conditions apply. See website for details. Offers subject to change without notice. Insurance is subject to underwriting. Your vehicle must be registered to and ordinarily kept at an address within the territorial limits (UK). Personal breakdown cover allows the policy holder to be covered in any vehicle (some exclusions may apply). A vehicle breakdown cover policy only covers the vehicle specified in the policy. IAB Privileges is managed and run on behalf of IAB by Parliament Hill Ltd of 3rd Floor, 127 Cheapside, London, EC2V 6BT who are authorised and regulated by the Financial Conduct Authority for non-investment insurance mediation under registration number 308448. Details can be checked on the Financial Services register by visiting the FCA’s web site at https://fca.org.uk/register.

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