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  • There are several things I like about being a member of the IAB, but I think the most important one to me personally is that the organisation is about people.  Helping people, training people and encouraging people to be great bookkeepers. I'm certain my business wouldn't have survived it's first year without their guidance and reassurance.

    Michael Wood AIAB
  • In 2011 I enrolled at the UWI Open Campus in Barbados to pursue the Level 3 Diploma in Bookkeeping & Accounting.  Taking that first course was like a refresher for me which led to me taking another course.  As the studies progressed they became challenging but with the help of my tutor Mr. Brathwaite and Louise Scott my personal attendant at IAB it became easier and led to my successful completion of three Level 3 exams. I even attained my MIAB designation.  ...

    Suzanne Greene MIAB
  • I found studying by Distance Learning a lot better than I thought it would be. The text books provided with the course are excellent, and I was able to complete the course a lot quicker than I would have been able to following a college-based curriculum.

    Rosemary Bishop
  • Becoming a member of IAB and now IAAP are two of the best investments I feel I could have become a part of. They represent International bodies that especially in this technological and digital age serve to keep you in the arena of being successful. In almost every fibre of business is bookkeeping and accounting and to be able to not only have the resources and benefits; you can proudly and confidently walk beside other professionals wearing your designated letters behind yo ...

    Tempie Williams, MIAB, AIAAP

Start-ups alerted to instant pensions duties

11/05/2017

New businesses which start up from October this year are being warned they will have instant pension duties.

The alert comes as the current schedule for employers to meet their automatic enrolment duties comes to an end. All businesses which existed before April 2012 have now passed their staging date.

More than half a million employers have now complied with the law and have integrated automatic enrolment into the day-to-day running of their business.

From October, new businesses will need to put pension plans in place alongside all the usual tasks associated with setting up a business.

TPR will write to employers to tell them what they need to do and by when, and has also launched a new online suite of information and tools for new businesses and their advisers.

Executive Director of Automatic Enrolment Charles Counsell said: ‘More than seven million are now saving into a workplace pension and automatic enrolment is now simply part of running a business.

‘From October, as soon as you take on staff you will have duties towards them. Anyone setting up a business and taking on staff will need to work automatic enrolment into their plans. I urge new businesses to visit our website for our new guidance on what they need to do.”

The advice to employers comes as research published today by TPR demonstrates the roll out of automatic enrolment continues to run smoothly.

The employer awareness and understanding report shows the vast majority who are reaching their staging date this year are confident they will be compliant with their duties.

In addition almost half of new businesses who have only been trading for two or three months said they had already taken their first steps to meet their duties, by determining how many staff they need to enrol into a pension scheme.

The survey also shows that employers, including new businesses, continue to think that automatic enrolment is good for their staff.

similar survey of business advisers also shows that the majority of business advisers are already helping their clients with automatic enrolment.