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Member Update - September 2018
IAB Awards: Have you entered yet or could your client or employer nominate you?

Entries for the IAB Awards 2018 are open.

If you’re dedicated to helping your clients or employer and are passionate about your career, then you could be an IAB award winner. Why not enter yourself or promote the awards to your clients or employer and suggest they nominate you? Alternatively, if you work alongside a deserving colleague then you could also nominate them.

The IAB Awards are a great opportunity for individuals and businesses in our industry to showcase their achievements. Winning a business award is a great accolade and the perfect way to show your clients or employer that not only do you believe in your business, but our team of independent judges also believe in your qualities and strengths.

Find out more >
Grow your business online with a free professional website and .co.uk address

71% of UK adults head online to find information about goods and services and expect to find what they need. We’ve partnered with Yell to offer you the opportunity to build a FREE professional website for your business, so that when potential customers are looking they can find you.

Or, let Yell create your online presence for you and put you exactly where customers are looking, for just £20 a month with the Yell Starter Pack

Read More >
Keep up to date by attending the IAB’s latest seminars

Book onto one of the IAB seminars covering a range of topics including: Making Tax Digital, tax and payroll updates, automatic enrolment and much more!

Taking place in Bristol on Thursday 18th October and London on Thursday 1st November 2018 this is an excellent opportunity to get updates for your own business and your clients or the business you are employed by.

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Want to have a more productive and profitable firm? Stop chasing client documents – Now!

One of the recurring issues we hear from our customers is the amount of time wasted chasing down client documents. It’s the single biggest impediment to kicking off your workflow (and face it, no one likes having to nag clients). 

The solution to streamlining your workflow and getting clients to send you their source documents in a timely manner is actually very simple. You just need the right tools in place.

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FREE webinar: How to SIGNIFICANTLY improve the chances of getting the interviews you deserve!

The job market is fiercely competitive and many perfectly credible candidates fail to secure the interviews they deserve simply because their CV is just not providing the information that recruiters and hiring managers are REALLY looking for. The good news is that if you have the right knowledge, skills and experience, just presenting that information more effectively on your CV can lead to a significant increase in interviews.

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Join the IAB Facebook group to gain further support for your career

Did you know that we have a Facebook group for IAB student and professional members? The aim of the group is to provide further support to you and a platform where you can interact with other members and get to know 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.

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Pensions dashboard back on government agenda

The government is to go ahead with its plans to support a pensions dashboard, which will bring together information about all of an individual’s pension pots in one place.

The creation of a pensions dashboard was originally announced by the then-Chancellor George Osborne in 2016, who said it would be up and running in 2019. 

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HMRC updates VAT cash accounting guidance

HMRC has updated its guidance on how the VAT cash accounting scheme works, to provide information on how businesses should account for VAT if they leave the scheme voluntarily, or if their turnover exceeds the ceiling.

The scheme allows businesses to account for VAT on their sales on the basis of payments they receive, rather than on tax invoices they issue.

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Government announces new measures to boost funding for SMEs

The Government is proposing new laws that will arm small businesses against unfair contracts that stop them raising money from unpaid invoices.

Currently, a small supplier’s contract with a larger company may prevent it from securing invoice finance from providers such as banks and other investors.

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The Word from Sarah: Making Tax Digital

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

You will most likely have heard the news about HM Revenue & Customs new initiative, Making Tax Digital. This new change is designed to digitise the UK tax system, making it more efficient, effective and easier for taxpayers going forward. This will be phased in over 2019 to 2020 with VAT being the first tax to be affected.

There is a significant amount of information on this topic but I thought it would be useful to outline the headline challenges as I see them.

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IAB Privileges: Special offer on eye care

Throughout September, Vision Express is offering free eye tests exclusively for IAB members. You can also look forward to £30 off complete prescription glasses, 10% off sunglasses and a free three-month supply of contact lenses when you join the direct debit plan.*

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