In Practice Hello ACCA Member April 2016 MY DEVELOPMENT EVENTS MY ACCA LinkedIn TECHNICAL AND INSIGHT Budget 2016: Finance Bill and directors’ loans The rate of tax charged on directors’ overdrawn loans has increased to 32.5%. Budget 2016: Micro entrepreneurs’ annual allowance The March 2016 Budget announced that from April 2017 two new allowances of £1,000 each would be introduced for property and trading income. Budget 2016: Lifetime ISA and ISA update Alongside auto-enrolment is the lifetime ISA the new pension for the under 40s? Tax changes affecting buy-to-let properties The new tax changes for holding a rental property as an individual, or in a limited company, will need to be carefully considered by landlords. Auto-enrolment: declaration of compliance Between May and August more than 100,000 small employers and their business advisers complete and submit a Declaration of Compliance to The Pensions Regulator. New state pension: what the changes mean for you The Department for Work and Pensions introduces the new state pension. What the EU General Data Protection Regulation means for accountants A uniform data security regime is being introduced across all EU member states. Find out what it means for your practice. Why keeping it professional can help avoid negligence claims A duty of care is owed by a professional when providing services free of charge in the course of a long running friendship. End of year payroll routines A summary of the main payroll routines to complete and the deadlines which need to be complied with. Company distributions Consultation highlights concerns over changes to taxation of dividend income and share disposals. Going concern The FRC has issued guidance on going concern to assist both SMEs and larger entities. Agent online self service HMRC has renamed its Agent Online Self Serve (AOSS) to Agent Services (AS). International Education Standard (IES) 8 (revised) IFAC has issued International Education Standard (IES) 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised). Insolvency litigation and the Jackson reforms New report from R3 provides an update on the Jackson reforms and what what they mean for insolvency litigation. FRS 105 – a new reporting regime for micro-companies FRS 105 is a simpler reporting regime which is being introduced for a new sub-category of small company: the micro-entity. Dealing with challenging clients The secret accountant on… dealing with challenging clients. Enterprise Finance Guarantee Scheme The British Business Bank has published its report detailing the findings from its review of the Enterprise Finance Guarantee Scheme.

Member News Accountex 2016: ACCA's lecture theatre Find out who is speaking in ACCA's lecture theatre at Accountex. Audit needs to respond more quickly to change, evolve or die Roundtables point to concerns over audit in developed countries. Building your employability ACCA learning pathways in association with accountingcpd.net CPD CPD events for practitioners Details of face-to-face CPD events across the UK. Webinars in partnership with 2020 Innovation Our partnership with 2020 Group allows practitioners to benefit from a suite of CPD webinars at a 50% discount. CPD skills webinar programme ACCA’s new flexible and bite-sized approach to CPD. Webinars: lean finance Register now for the next two An introduction to winning KPIs webinars with David Parmenter. Practice News Engagement letters – new guidance issued New guidance for practices about engagement letters for tax work. PAYE: starter checklist New starter checklist now available in print and online formats. Stay up to date with IFRS Staying up to date with IFRS is easy with the improved IFRS Fundamentals.

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