"> Blog Archive - Page 13 of 16 - IAB | International Association of Bookkeepers

Debits to the windows, credits to the door

For those of you unfamiliar with double entry accounting, this saying might have little meaning, writes Brian Harford. To those of you with some bookkeeping experience you may remember this is the rule indicating that debits go to the left side and credits go to the right side of the ‘T’ account. The rule was based on being seated in

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IAB auto enrolment blog: Pension scheme presentation

Following the IAB’s decision to stage early in 2015, a senior employee benefits consultant from LEBC visited the office to meet with all staff and to explain further about auto-enrolment and the pension scheme which had been selected. For the majority, auto-enrolment is a completely new concept so it was important that this was explained in detail so that everyone

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IAB auto enrolment blog: Beginning the AE journey

Last year, we made ourselves generally aware of the AE Regulations and took professional advice regarding existing pensions arrangements and their suitability (or not) when we came to Auto Enrol employees. We also identified the deadline date by which we are obliged to ‘Stage’ and professional advice indicated that this fell in a period when there is perceived to be

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Automatic enrolment – Know the workforce: assessing workers

Recent research from The Pensions Regulator indicates that at least 78% of small businesses will be relying on their business advisers for help and advice. And with the first small and micro employers needing to be ready to provide a pension for their workers by the summer of 2015, you can expect to be approached by your clients soon asking for

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Being Limited or self-employed can make all the difference when it comes to debt recovery

A common area of confusion for small businesses and the self-employed is the difference between Limited company and sole trader status, particularly the legal implications from a debt recovery perspective which can come as a surprise for those not in the know. First of all, it is crucial that you find this out for your business if you don’t already

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Automatic enrolment: what bookkeepers need to know about staging dates

More than a million small employers will be required to complete their automatic enrolment responsibilities over the next four years, with the first small and micro employers needing to be ready to provide a pension for their workers by the summer of 2015. Thousands of employers will soon be approaching you to help them meet their statutory automatic enrolment duties. 

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Survey reveals increased demand for finance professionals

A rising number of accounting and other finance professional are being hired for permanent positions, with many businesses looking to expand their staff, according to a new survey. The survey conducted by Robert Half, revealed while demand for individuals with sought after financial skills is rapidly increasing, managers are struggling to source and recruit the talent they’re looking for. It

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Tesco under investigation by the Financial Conduct Authority

Following on from the news Tesco has suspended four members of senior managers after finding errors in its accounts, the UK’s financial watchdog has begun a full investigation into the accounting errors that have wiped 4 billion pounds from the supermarkets stock’ market value. The mistakes, resulting from an early booking of revenue and delayed recognition of costs, were made

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Scottish Pound devalued ahead of Independence Vote!!

Whilst travelling overseas, IAB Chief Executive, Malcolm Trotter was rocked back on his heels when he saw this sign. It was displayed at the Hotel Reception of a major international chain. If those overseas already think a Scottish Pound is worth less than a British Pound, would not a ‘Yes’ Vote on 18 September lead to an immediate (and lasting?)

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