Newsletter - In Practice - November 2014

In Practice

Hello ACCA Member

November 2014

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Pensions' auto enrolment – assessing workers

Be prepared for when clients ask you about how to assess their staff's eligibility for auto enrolment.

Collecting overdue tax through tax codes

From April 2015 HMRC is increasing the amount of overdue tax it can recover through a PAYE tax code.

Significant changes to employment law

An overview of recent developments surrounding overtime and holiday pay and shared parental leave.

New ruling on overtime and holiday pay

Court decision likely to have significant impact on how employers calculate holiday pay.

Eliminate data entry from year-end accounting – Bankstream Demo

Trading losses

Ahead of the self-assessment deadline, how can trading losses be utilised for tax purposes?

Limit on income tax reliefs

Examining how the limit on income tax reliefs from 6 April 2013 (part of Finance Act 2013) will operate.

Pension changes for frequent movers

The government plans to change the pension rules for workers who leave jobs within two years.

Business to consumer supplies

The EU place of supply VAT rules will change from 1 January 2015.

Capital gains tax – share matching rules

How share identification rules should be followed for a disposal of shares in a company, for CGT purposes.

SRA accountants' reports – all change

SRA responds on proposals around solicitors' use of accountants' reports and opens a further consultation.

Private residence relief

With high levels of multiple property ownership, a look at the private residence exemption for CGT purposes.

Allowability of legal and court costs

We go 'back to basics' as we examine what can be allowed in terms of legal costs.

Asset Based Lending offers your clients greater liquidity and returns

Rental expenses

60 seconds on some of the common tax issues on rental expenditure.

Data protection advice for accountants

Legal and compliance risks that accounting firms should consider when processing clients' confidential data.

Ignore FATCA at your peril

FATCA is important: it is going to affect our business lives and we have no choice but to accommodate it.

Outlook for the insurance market

What does the future hold for insurance premiums, including professional indemnity?

Financial statements for colleges

Updated guidance for colleges and auditors in preparing financial statements for colleges.

Academies’ reporting

Academy trusts must submit their audited accounts and auditor’s management letter to the EFA by 31 December.

SmarterPay – direct debits and direct credits just got easier

Member News

Welcome to your new look In Practice

A brief explanation about the changes to In Practice.

Awards success for ACCA members

ACCA practitioners and firms are celebrating success at the British Accountancy Awards.

2015 UK/Irish practising certificate renewals

The 2015 renewal process is now underway.

Tell us what you think of ACCA

Complete the 2014 ACCA member satisfaction survey now.

CPD

Open for booking:

There are a limited number of places available on the CPD events listed below.

ACCOUNTING STANDARDS UPDATE
26 Nov, Newcastle, £195
09 Dec, Norwich, £195
11 Dec (09.30-16.30), Leeds, £195

TAX UPDATE FOR THE BUSY ACCOUNTANT
02 Dec (09.30-16.30), Nottingham, £195

MODULAR TRAINING PROGRAMME
(Both in London; £110 per course)
04 Dec (09.30-13.00)
UK GAAP Reporting Options From 2015
04 Dec (14.00-17.30)
Tax Implications of Adopting New UK GAAP

GUIDE TO PRACTICAL AUDIT COMPLIANCE
FOR PARTNERS AND MANAGERS
10-11 Dec, London, £398

PRACTICAL GUIDE TO ISQC 1 FOR
PARTNERS AND MANAGERS
12 Dec, London, £235

AUTUMN UPDATE: TAXATION CONFERENCE
13 Dec, London, £135

HOW TO BOOK
Online via ACCA's Online Booking System
Download and complete the booking form
Email: professionalcourses@accaglobal.com

Practice News

EU Accounting Directive – consultation results

A summary of members' responses to our consultation on the EU Accounting Directive.

Supporting our members in practice

In response to member demand we have created a hub on our website which highlights relevant support and resources for practitioners.

Government needs to put stability ahead of headlines

ACCA offers advice to the Chancellor ahead of December’s Autumn Statement.

Changes to the ACCA Rulebook 2015

Find out what will change in ACCA's Rulebook in 2015.

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