In Practice archive: 2023

Here, you can find In Practice articles published in 2023, organised by month and topic

Anti-money laundering and fraud

• Companies House reform – identity verification

Auditing and assurance

• Common audit issues: quarterly update

Budget

• Spring Budget 2023

Business management

• How to improve efficiency and run your business on autopilot

• Navigating regulation when setting up in practice

• Why winning the trust of colleagues and clients is crucial

Cybersecurity

• Identify your cybersecurity risks – before criminals do

Employer and employee

• Stay on top of your workplace pensions duties

Financial management

• Reduce clients’ stress levels and give them energy to build again in 2023

Governance, risk and control

• Ban on the provision of auditing services to Russia

• Removal of PII cover by liquidators

HMRC

• Attention! HMRC’s agent dedicated helpline

• HMRC consultation on R&D reforms

International trade

• What clients considering operating outside the UK must know

IT and systems

• Accounting in the cloud – the light and the shade (part 2)

Professional skills

• Changes to the ACCA Rulebook 2023

Property

• CGT and the disposal of residential properties

Scotland

• Changes to the ACCA Rulebook 2023

• Scottish Budget 2023/24 – key announcements

Taxation

• Gifts and inheritance tax

• Top ten common tax elections and claims

• Using provisional or estimated figures for self-assessment

• Welcome delay to MTD for ITSA

Wales

• Draft Welsh Budget 2023/24

• Welsh government draft Budget: the key points

Business management

• Recession-proofing your firm

Company legal matters

• Updates from Companies House

Cybersecurity

• Check your cybersecurity

Employer and employee

• Lowest paid workers now free to apply for second jobs

Governance, risk and control

• Mitigating fraud risk as recession bites

HMRC

• HMRC’s latest update re PAYE issues

• Manage Access Groups – HMRC seeking volunteers

Leadership and management

• Why avoid planning for your firm’s future?

Professional skills

• Fancy joining our new practice sector community panel?

Scotland

• Supporting practitioners and their clients in Scotland

SME

• How to protect small businesses in 2023

Taxation

• Appeal status for late SA filing and payments

• Associated companies and corporation tax

• Penalties for late filing or late payment

• Personal companies and business asset disposal relief

• Super-deduction relief – investment deadline looming

• The looming abolition of basis period for sole traders and partnerships

• The new penalty regime for late VAT payments

Business management

• The key cost increases for businesses

Corporate reporting

• Disclosing employee numbers: what you need to know

Employer and employee

• Making the most of salary sacrifice

Financial management

• Late payments – have your say now

Governance, risk and control

• Transferring personal data overseas

HMRC

• Share for share exchange and advance clearance

Leadership and management

• How to incentivise your team, now and in the future

Sustainability

• How are you celebrating B Corp Month?

Taxation

• All you need to know about R&D changes

• Associated companies and corporation tax: examples

• Corporation tax and associated companies

• Exemptions under the associated companies changes

• How are you celebrating B Corp Month?

• How are you celebrating B Corp Month?

Anti-money laundering and fraud

• Register of Overseas Entities

Auditing and assurance

• Determining the size of groups for audit purposes

Company legal matters

• Companies House updates

• FCA highlights common errors in accounts

• Practical issues relating to dividend distributions

Corporate reporting

• FRC research on the non-PIE Audit Market for audit partners

Cybersecurity

• Cyberattacks: a growing threat

• NCSC relaunches board cyber toolkit

• The latest cybersecurity updates

Governance, risk and control

• New professional indemnity insurance regulations

IT and systems

• ACCA partnerships – working for our members

• The Accountant and Bookkeeper hub from Sage

• What does the explosion in AI mean for accountants?

Professional skills

• ACCA Member Insights Community

• Free webinars for practitioners

Property

• The key to the door

SME

• UK small business job vacancies down

Sustainability

• Sustainability and CSR Accreditation

Taxation

• Changes to R&D tax reliefs

• More tax avoidance schemes subject to stop notices

• New R&D regulations

• State pension arrears

• Voluntary class 3 NIC payment extension

Business management

• Starting your own practice

• Strategies to overcome challenges in the industry

• Three tips for expanding into advisory work

Company legal matters

• Shareholders dust off agreements in case of disputes

Cybersecurity

• The cyber insurance dilemma: prevention vs protection

• NCSC and ICO warn about the latest cyber risks

Employer and employee

• Beat your recruitment challenges

• Non-taxable employee benefits and payments

• Purpose-driven work – the secret weapon in the talent war?

• UK talent trends in finance 2023

• Unfair dismissal and related awards increase from April 2023

Financial management

• Your guide to achieving a zero-debtors practice

Governance, risk and security

• People errors – how to alleviate insurers’ concerns

HMRC

• HMRC publishes updated guidance on umbrella companies

IT and systems

• Firms that advise

Professional skills

• Free webinars for practitioners

• What have we learnt from Accountex 2023?

Scotland

• Updating Scotland’s practitioners

SME

• Protecting small businesses during the economic crisis

Sustainability

• Sustainability guides to support your clients

• Tax implications for electric cars

• The road to net zero for SMEs

• UK small firms need support to reach Net Zero

Taxation

• Salary or dividends: tax calculations

Business management

• Transforming practices and achieving greater control

Company legal matters

• Companies House new ‘Find and update’ service as closure of existing services announced

Employer and employee

• Acas issues guidance on reasonable adjustments for mental health

• Government publishes guidance to encourage workers back to work

• HSE upgrades health and safety support for small employers

Governance, risk and control

• Recent regulatory changes and insurance implications

HMRC

• Enquiries into tax returns: time limits for discovery assessments

• Publication of new Code of Practice 9

IT and systems

• Futrli by Sage

Leadership and management

• Learning to be the leader you need to be

Marketing

• Research shows many over-50s are going self-employed

Property

• Landlords take steps to protect their investments in a downturn

SME

• UK small business job vacancies decrease in May

Taxation

• Deadline for renewing tax credits: 31 July

• Overdrawn director's loans

• Overlap relief

• P11D – late submissions can be expensive!

• Tax implications on written-off overdrawn director's loans

Anti-money laundering and fraud

• Economic Crime Levy

• Overseas entities

Business management

• Secrets of successful advisers

• Side hustles bring in more than £22,000 a year

• Special ACCA offer from Ignition

• The human firm – unlocked

• What’s stopping you scaling up?

Company legal matters

• Dividend payment templates

• New businesses and directors’ responsibilities

Corporate reporting

• CCAB Consultation on LLP SORP

• FRED 82 – summary of proposed accounting changes

Cybersecurity

• Cyber threats – and how to handle them

• Free support to boost your online security

Employer and employee

• Government proposes employment law changes to remove EU-derived law

Financial management

• Is a self-employed pension crisis looming?

HMRC

• TaxAssist Accountants petitions for enhanced HMRC support

IT and systems

• Sage Apps: Even Better Together

Professional skills

• Accountex Summit Manchester

• Accounting Excellence shortlist – revealed!

• Free webinars for practitioners

• Practice monitoring

• Upcoming CPD for practitioners

Property

• Let property campaign

SME

• Match fit finance

• Support available to SMEs facing financial challenges

• Xero's Small Business Index

Sustainability

• ACCA welcomes significant step forward in sustainability reporting

• Helping clients create a more sustainable business

Taxation

• Tax relief on pension contributions

Anti-money laundering and fraud

• New money-laundering portal goes live

Auditing and assurance

• Auditing complex company structures

Corporate reporting

• FRC: your input is needed!

Employer and employee

• Gen Z's expectations at work

Financial management

• Advisory pricing pitfalls and how to avoid them

• Eliminating £200k accounts receivable

Governance, risk and control

• Minimising insurance premiums amid economic uncertainty

IT and systems

• Improve client experience with AI

• Managing increasing software costs in your firm

Leadership and management

• The new normal: creating an advisory culture

Marketing

• The critical factors in winning new clients

Professional skills

• Autumn CPD events

• Free webinars for practitioners

• Reduce public speaking anxiety

Scotland

• Supporting Scotland's practitioners

SME

• How to generate more business

• Xero Small Business Insights

• Offshoring services offer growth opportunity

Sustainability

• How green finance can power the ‘Just Transition’

Taxation

• Changes to R&D tax reliefs

• Full expensing – exclusions to the claim

• Get ready for the 2023/24 basis period transition

Anti-money laundering and fraud

• Company registry scam letter alert

Business law

• Probate consultation on regulatory reform

Business management

• Struggling to get your advisory services off the ground?

Employer and employee

• Employees who are charged with criminal offences

• Increased fines for failure to check right to work in UK

Governance, risk and control

• Avoid the danger of a late notification

• Calls for action as retailers face a surge in shoplifting

HMRC

• Changes to HMRC’s helpline support for accountants

• Easy access to better client forecasts

• HMRC webinars to assist practitioners

IT and systems

• Calls for action as retailers face a surge in shoplifting

• Can your website visitors reject cookies easily?

Professional skills

• Free webinars for practitioners

• Upcoming essential CPD for practitioners

Property

• Cautionary note around property tax avoidance scheme

SME

• Small business owners losing sleep over money worries

Taxation

• Four reasons to file tax returns early

• Online traders face VAT avoidance clampdown

Budget

• Autumn Statement review

Business law

• Accountants and the Economic Crime and Corporate Transparency Act 2023

• Economic Crime and Corporate Transparency Bill becomes law

Business management

• Successful practice growth

Corporate reporting

• Tailored compliance advice for AI and digital technology businesses

Employer and employee

• ICO publishes new guidance on monitoring workers

• ‘Live-in’ domestic workers to become entitled to minimum wage

Financial services

• Business Banking Resolution Service extended to 2024

Governance, risk and control

• Best practice for limiting liability to clients

IT and systems

• Management reporting from Futrli by Sage

Professional skills

• Digital CPD for practitioners

• Free webinars for practitioners

Property

• Government delays or drops green and other property-related proposals

SME

• Fifth of SMEs and freelancers see increase in late payments

• Start-up boom sees rise in rural entrepreneurs

• Xero’s latest Small Business Insights update

Taxation

• CGT and compensation on assets damaged, lost or destroyed