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Nominations are open for the IAB Awards!

The IAB’s awards will be taking place on Thursday 7 December and nominations are now open. The categories are: Bookkeeper of the Year Accountant of the Year Payroll Professional of the Year Small Business Mentor of the Year Student of the Year We are accepting nominations online until Monday 2 October 2017: http://www.iabawards.org/nominations. Winning an IAB Award is excellent recognition of

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HMRC Talking Points sessions – August and September 2017

HMRC has arranged further Talking Points sessions. Please find further details of these online meetings below: HMRC Application Programming Interface (API) strategy and delivery update: Covering how APIs will change the way HMRC works with and supports, tax software developer products used by agents. Fr‌id‌ay 1‌8 Au‌gu‌st – m‌id‌da‌y to 1p‌m: Register now Submission of SA Returns affected by Exclusions: This

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Taxman raids to increase under new evasion law

Dawn raids carried out by the taxman have jumped 34% in the past five years, and look set to increase. The enforcement of a new corporate criminal offence from September could increase the number of raids carried out by HMRC, according to law firm Pinsent Masons. Last year, the total number of property raids rose by 8% from 1,449 to

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Accounting and finance jobs up 21% in the UK

Job vacancies for accounting and finance professionals have risen across the UK, with the number of jobs available in the second quarter of 2017 up 21% compared with the same time last year. According to research by recruitment consultancy Robert Walters, demand has grown for professionals across a range of specialisations and levels of seniority with technical skills and commercial

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Business support programme gives hope to homeless entrepreneur

A young entrepreneur from East Hull has vowed to make the most of a new enterprise programme to build his own business and break the debilitating cycle of joblessness and homelessness. As part of the programme, Aaron Conroy has successfully completed the IAB Level 1 Certificate in Computerised Accounting for Business, achieving 100% in most of the modules. Aaron had

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HMRC Agent Update – Issue 61

HMRC has published the latest issue of its Agent Update. Some of the top articles included are: Publication of information about tax reliefs that are state aids – You may wish to remind your clients that certain details about their business will be published if they receive tax reliefs that are state aids of more than €500,000. New Trusts Registration

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Landlords don’t like young tenants

The housing crisis for young people is set to worsen as more and more landlords refuse to rent to people under 35, says a study by Sheffield Hallam University. The research found one-third of landlords were ‘cutting back’ on renting to under-35s. It appears concern over young people’s ability to pay the rent is encouraging landlords to look for older

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Somerset accountant jailed for £350,000 tax fraud

Somerset accountant Stephen Love has been jailed after using £350,000 of a client’s VAT payments to help the cash flow of his business. Love, a director of construction company JBA Martin Limited and Wessex Accountants Limited, looked after the building firm’s books. He was sentenced to two years and three months in prison. Judge David Ticehurst said: “You knew what

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UAE to introduce VAT

The United Arab Emirates looks set to be the first Gulf state to introduce VAT, as it looks to make up for falling oil revenues. From January 2018, tourists and other shoppers visiting Dubai and other cities in the UEA will have to pay a 5% tax on goods and services. The UAE government said the new tax will raise

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