May 2020

Covid-19: new SSP scheme to launch

A new online service launched on May 26 for small and medium sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees, the Government has announced. The Coronavirus Statutory Sick Pay Rebate Scheme is part of a package of support measures for businesses affected by the Covid-19 outbreak. It will allow small and medium sized

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Accountex rescheduled for 2021

Due to the ongoing pandemic Accountex, Europe’s biggest accountancy and finance conference and expo, has been postponed until 2021. The show will return to ExCel London on 12-13 May 2021. Organisers Diversified Communications UK had shifted the May event to mid-November, but has now taken the decision to move it to 2021. It said that “the decision has been widely

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Key Tax Savings for clients who are self-employed hospital workers.

While the nation’s attention is currently fixed on the work of our carers and hospital workers, little thought is paid to those that are self-employed and still need to submit their tax returns. Of course, it’s sometimes tough to determine what counts as a deductible expense and what doesn’t. That’s why we’ve asked Mike Parkes from GoSimpleTax to provide a

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Stay alert, comply with the Money Laundering regulations & report suspicious activity

COVID-19 – preventing Money Laundering/Terrorist Financing in Accountancy Sector Practices Bookkeeping and accountancy practices and practitioners should be aware that criminals will continue to operate throughout, and look to take advantage of, the COVID-19 outbreak. This includes laundering the proceeds of crime and terrorist financing, so it is important that everyone is aware of the changing risks. Accountancy Sector Anti-

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How to automate your business’s bookkeeping

We understand from many of our members that they are remarkably busy at the moment during the coronavirus crisis, dealing with the likes of furloughed employees and helping with government grant applications. During this time of increased volume, those of you that have automated your processes already will (hopefully) be taking it in your stride.  If, on the other hand,

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Increased threat of money laundering, says watchdog

Criminal gangs are exploiting the chaos caused by the global Covid-19 crisis, with a hike fraud, cybercrime, misdirection or exploitation of government funds and money laundering being reported. In a new report, the Financial Action Task Force (FATF) says the pandemic is impacting on the ability of government and the private sector to implement anti-money laundering and counter terrorist financing

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Friday Roundup 15th May 2020

The news from the week ending 15th May 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing From Croner-i David Surridge Rebbeca Cole Angela Robson Below are the notes from the podcast Janet Reference to the Coffee Morning where our guests, David Surridge and Rebecca Cole from Croner-i joined us This is a new partnership which

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Small business tax advice from the founder of easy as 123

Episode 5 of the IAB Podcast we interview Laurence Taylor from Easy as 123. In this episode, we discuss:- • Why he started the business • Laurence’s small business tax advice • Tax habits to make life so much easier • Bringing his coaching skills to the business • How he keeps in contact with his client and sends out

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Government updates advice of scheme for self-employed

HMRC has started to contact people who may be eligible for the new Self-Employment Income Support Scheme (SEISS). If they are eligible, this scheme will allow them to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500. In an email to agents HMRC said: “The process is quick and easy for your clients

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