In Practice archive: 2022

Here, you can find In Practice articles published in 2022, organised by month and topic

Anti-money laundering and fraud

• Take Five to stop fraud

Business management

• How to get paid on time, every time

Covid-19

• Covid-related grants to include on tax returns

• Omicron support for businesses

Cybersecurity

• The ever-increasing threat you can’t ignore

Employer and employee

• Should you give that reference?

• Statutory Sick Pay Rebate Scheme

Financial services

• Impact of LIBOR transition on end users

General business

• Complaints about accountancy firms and immigration advice

HMRC

• HMRC information and inspection powers

• How does the base rate rise impact on HMRC’s rates?

Marketing

• The basics of marketing your accountancy firm in 2022

Professional skills

• Apprenticeships – a modern talent solution

• Podcasts for practitioners

Property

• Self-assessment tax returns for landlords

Scotland

• Scottish spending plans revealed for 2022/23

SME

• Use your voice to influence government

Taxation

• Late penalties for 2020/21 tax returns

• Latest changes to inheritance tax forms

• Tax guides to assist your clients

Wales

• Looking for assistance from members in practice in Wales

• Supporting accountants and businesses in Wales

Anti-money laundering

• How to prepare for an AML compliance review

Business management

• Fixed-fee billing and why you should embrace it

Client management

• Disengagement process for corporate clients

Company legal matters

• Dormant subsidiary companies

Corporate reporting

• Updated accounting standards from 1 January 2021

• Would you like to be on the FRC Tribunal Panel?

Covid-19

• More Brits than ever want to start a business post-Covid

Employer and employee

• New guidance: Employers welcome new CIPD advice on whether and how to introduce ‘hybrid’ working

• New law: Employers assess workplace implications of upcoming laws against domestic abuse, including at work

• New law: Employers prepare for online-only ‘right to work’ checks for certain non-British nationals

General business

• Business guides for your clients

• Fuelling local growth

• Get Fit for Business

• Housekeeping after the January madness

• Specialist v generalist – should you niche or not?

Governance, risk and control

• Did you jump too soon?

• Selecting the correct limit of indemnity for your practice

HMRC

• Have your say on HMRC’s performance levels

• HMRC raises late payment interest rate again

IT and systems

• Government scheme to give SMEs discounts on software

Marketing

• How to make your business look professional online

Professional skills

• ACCA Apprenticeships: Pledge for Potential

• ACCA writes to Chancellor about payroll costs

• Changes to the ACCA Rulebook (Part 1)

• Changes to the ACCA Rulebook (Part 2)

• Help to Grow initiative falling flat

• Join our new insights community now!

Property

• New law: New rules set to help first-time homebuyers and self-builders in England

SME

• Late payments crisis threatens small firms in 2022

Sustainability

• Supporting your clients' sustainability journeys

Taxation

• ATED – new valuation date on the horizon

• Last few days to extended self-assessment window

• MTD for ITSA: start preparing your clients

• MTD ITSA: Your first 100 days plan

• Making Tax Digital for VAT is coming ― are you ready?

• Shares owned by children

Wales

• Supporting practitioners across Wales

Anti-money laundering

• AML supervision and the OPBAS levy

• Changes to HM Treasury list of high-risk third countries

• Cracking down on dirty money in the UK

Business management

• Resolving unbilled work when moving to a fixed-fee model

• The dangers of scope creep

Covid-19

• Accountants targeted amid furlough uncertainty

Cybersecurity

• Cybersecurity – the latest updates

Governance, risk and control

• Financial sanctions in relation to Russia

• Sanctions placed on Russia and Belarus

• CCAB statement on Russia and sanctions

International trade

• Doing business in a foreign country

IT and systems

• Software and website development costs

Professional skills

• Are you a genuinely proactive accountant?

• Conference 1 for practitioners

• Free practitioner webinar series on risk

• MTD for ITSA podcast: segmenting your clients

Scotland

• Lowdown on the Scottish Budget 2022/23

SME

• Join ACCA’s global practice community

Taxation

• VAT on disbursements and recharges

Business management

• How to prepare for the death of a director

• What’s your measure of success?

Client management

• Five questions about your client’s business credit score

• Understanding your gross fee requirements

Corporate reporting

• Extended loss carry back guidance updated

• Intangible fixed assets: common errors

Covid-19

• Bounce back loan fraud

Cybersecurity

• Cybersecurity update from NCSC

Employer and employee

• ACAS updates guidance on managing bereavement in the workplace

• Hybrid working guidance updated

• Unfair dismissal and related awards increase from April 2022

HMRC

• HMRC issue with CT600

• HMRC updates form 64-8 for agent authorisation

IT and systems

• App of the month – Ignition

Professional skills

• Free practitioner webinar series on risk

• Introducing the ‘flexi-job’ apprenticeship

Scotland

• Supporting Scotland’s practitioners

Taxation

• How changes to corporation tax will impact associated companies

• National Insurance holiday for employers of veterans

• Technical tips – R&D tax credits

• Ukraine: tax relief and guidance

Business management

• How to add value

• Unhappy contractors given no choice on umbrella companies

Company legal matters

• Overdrawn director loan account written off

Covid-19

• ICO guidance helps employers ensure compliance with data protection laws as Covid-19 restrictions end

Cybersecurity

• Get cyber protected

• ICO issues guidance to help organisations handle data protection consequences of ransomware attacks

Employer and employee

• Government publishes new guidance for employers on reducing respiratory diseases in the workplace

• One year on: counting the cost of IR35 reform

• Remote work could be key to Britain's 'Levelling Up' plan

• Study finds working from home increases productivity

General business

• Business tenants should consider legal implications before offering to take in goods ordered online by local residents as a new service

Governance, risk and control

• Russia sanctions and the accountancy sector

• Why you need to keep insuring your past work with run-off cover

HMRC

• ACCA engagement with HMRC and Treasury on Capital Allowances Reform

• Online end-of-year expenses and benefits service decommissioned

• Updates from HMRC

Marketing

• Growing your practice through data-driven marketing

Professional skills

• Free technical webinars for practitioners

• Technical tips from members

• Upskilling teams’ business finance knowledge

Property

• Government updates code for resolving rent arrears issues between commercial landlords and tenants in England and Wales

• HMRC targeting UK property owners through non-UK resident structures

Scotland

• Supporting Scotland’s practitioners

SME

• Small firms take steps to combat escalating costs

Taxation

• CGT lifetime limit nudge

• Master your digital future and MTD

• What businesses new to MTD need to know

Auditing and assurance

• Ten things to know when checking audit thresholds

Business law

• Government proposes significant changes to UK data protection laws

Business management

• How to add value to your practice: part 2

• How to add value to your practice: part 3

Company legal matters

• Directors’ duties – what you need to know, part 1

• Directors’ duties – what you need to know, part 2

Corporate reporting

• Update of UK-Irish GAAP on the horizon

Cybersecurity

• ACCA guide to... best business password apps

• Cybersecurity threats to the accounting sector

• Introducing Cyber Essentials – an essential tool for accountants

Employer and employee

• Government proposes to extend ban on ‘exclusivity clauses’

General business

• Pavement licence scheme to be made permanent

Governance, risk and control

• Use of Russian technology products and services

HMRC

• Digital services identification evidence

• Technical tips from members

• Updated HMRC guidance on National Insurance threshold changes

IT and systems

• ACCA guide to... cloud computing: an overview

• ACCA guide to... managed server hosting

• Fathom – our app of the month

Professional skills

• Rulebook changes to Probate withdrawal

Scotland

• Supporting Scotland’s practitioners

SME

• Exploring Capitalise’s firms of the future

• Lending to small firms hits all-time low

Taxation

• Benefits in kind reporting for high net worth individuals

• Maximising capital allowances relief

• MTD for income tax

• Super-deduction is still super!

Anti-money laundering and fraud

• Register of overseas entities

Business management

• Don’t assume the high street is dead

• How to create a practice that doesn’t rely on you

• Ignition supporting ACCA members with engagement letters

• Proactive actions to avoid liquidation

• Your clients need you more than ever!

Charity sector

• Charities law is updated

Client management

• Deceased insolvent estates

Company law

• Model articles for companies with a sole director

• Purchase of own shares or buybacks

Covid-19

• Coronavirus Job Retention Scheme guidance

• Recovery loan scheme extended for two years

Cybersecurity

• Taking equity of your cybersecurity needs

Employer and employee

• Employment status and employment rights

• New guidance for employers on how to stop harassment in the workplace

Financial services

• Clients urged to register unresolved banking complaints

• FCA consultation on LIBOR changes

Governance, risk and control

• Free practitioner webinar series on risk

• Professional indemnity and cyber insurance

• Prohibition on provision of accountancy services to Russia

• Russia and accountancy sanctions

• The time it takes to discover a mistake

IT and systems

• Help to Grow: Digital advice now available to more SMEs and microbusinesses

• The digital accountant: is your firm behind the curve?

Professional skills

• Changes to the ACCA Rulebook

Scotland

• Security law modernised in Scotland

• The latest support for Scottish practitioners

SME

• Flexi-Loan product doubles to meet small business demand

• Help to Grow extended

Sustainability

• Sustainability toolkits for SMEs and SMPs

Taxation

• MTD for VAT registration – key changes

• MTD – preparation is the key to successful implementation

Business management

• How to increase the value of your practice

Company law

• Companies House Update

Corporate reporting

• Accounting for cryptocurrencies

• FRS 102 and accounting for deferred taxation

• FRS 102 and accounting for property valuations

Employer and employee

• ACAS updates guidance on answering employee queries about discrimination at work

• Four-day work week could be the norm by 2030

General business

• ACCA responds to consultations

• Letters to new government ministers

Governance, risk and control

• Keeping professional indemnity insurance costs at bay

Professional skills

• ACCA and Capitalise's Free CPD accredited learn modules

Scotland

• Supporting Scotland’s Practitioners

Taxation

• S455 and the director’s loan account

• VAT on supply of services to customers outside the UK

Anti-money laundering

• Proliferation financing

Auditing and assurance

• Audit monitoring reviews

• Application of ISQM 1

• Strengthening the UK's audit and corporate governance framework

Business management

• Almost half of hybrid workers say they plan to go into their office more often this winter to save money on energy bills. Is your practice prepared?

• How accountants can fulfil the rising demand for professional services

Charity sector

• ESG reporting for smaller charities

Corporate reporting

• FRS 102 and accounting for deferred taxation

Employer and employee

• Keeping quality staff – a mission-critical issue

Leadership and management

• What defines a good business leader?

Professional skills

• Current CPD offers

• Free technical webinars for practitioners

Scotland

• Supporting Scotland’s practitioners

Sustainability

• Technical tips – net zero and supply chains

Taxation

• The new penalty regime for late VAT payments

Anti-money laundering and fraud

• Companies House and overseas entities

Auditing and assurance

• ISQM 1 and 2 – setting new standards

Business management

• Creating tomorrow’s practice today

• Why a clear vision for your firm is critical

Corporate reporting

• Inside track with Sir Jon Thompson, CEO of the FRC

Financial services

• Act now to register longstanding banking complaints

HMRC

• The latest updates from HMRC

International trade

• Navigating the international business environment

• The Department for International Trade (DIT) wants to hear from you

IT and systems

• Accounting in the cloud – the light and the shade

Leadership and management

• How can I get my team to step up?

Professional skills

• Changes to the ACCA Rulebook

• Free technical webinars for practitioners

• Become an ACCA early careers ambassador

Scotland

• Supporting Scotland's practitioners

SME

• Economic resilience hub launched

• Seize the opportunity and help clients get ahead

Taxation

• Associated companies and the small profits corporation tax rate

• Basis period reforms – handling the transition

• Exceptions to the 60-day CGT rules

• Income and expenses – helpful hints for the tax return