April 2024 Newsletter

Although April may have started with the Easter Bank Holiday it also marked the end of the 2023/2024 tax year, a stressful time for many accountants and bookkeepers.

If you did find April particularly stressful, feeling stressed about life in general or feel that you could have tackled the tax year end more efficiently then look up Kim Searle. Many of you may have bumped into Kim at IAB events or remember her from coffee mornings. Kim specialises in helping professionals, specifically those in the finance sector to become more confident, increase their sense of well-being, and be more emotionally stable. Check out some of her up and coming Master Classes.?

Selling With Confidence on 7th May at 3pm?

Feel the Fear and Overcome it on 23rd May at 10am?

April also saw the closing deadline for the IAB 2024 Awards, and we are thrilled with all the fantastic entries we received. Over the last few weeks, our judging panel had the tough task of selecting finalists, and we will soon be reaching out to those who made it. The entries were filled with heartwarming testimonials showcasing the commitment and care given to clients, alongside the pride in the services provided. We commend all who participated; your hard work deserves recognition, and we hope the experience was rewarding for everyone involved. Keep up the amazing job!?

Accountex London have launched their 2024 seminar programme. With an impressive lineup of over 180 CPD-accredited sessions spread across 12 theatres, you'll be spoiled for choice.??

Not sure which seminars to attend? Don’t worry because this year, all sessions are being recorded. So, even if you can't decide on the spot, you won't miss out - you'll get access to recordings for the day(s) you were there, for free!??

Don’t miss IAB Group CEO Sarah Palmers session, ‘A Guide to Growing your Practice,’ Wednesday 15 May, 1pm - 1.40pm in Theatre 4.

The IAB are at stand 394 so come and see us! At 4pm on Wednesday we will be having a glass of fizz to toast the end of the first day, celebrate seeing friendly faces and meeting new people.?

This month Sarah talks about Education at the IAB

At the IAB, education takes centre stage as we strive to provide a comprehensive learning experience for our students and members. In this video, Sarah elaborates on the academic opportunities with our formal qualifications and the professional growth through Continued Professional Development (CPD). With the rapidly changing landscape of our industry, staying ahead of trends like Anti-Money Laundering (AML) is a top priority. Sarah also sheds light on our collaboration with the IAB International Advisory Board, a team of esteemed educational professionals. Through this partnership, we ensure that our qualifications remain innovative and tailored to meet the evolving needs of the workplace.??

May Croner-i Webinars?

Companies House Reforms Under ECCTA?- Monday, 13th?May @ 2pm.?This webinar will help corporates and firms understand why The Economic Crime and Corporate Transparency Act 2023 has been introduced. We will explore Companies House changes coming into force during 2024, their implications, the upcoming filing requirements for small and micro companies, and the proposed new thresholds of the company size classification limits.?

Property Tax?- Tuesday, 28th?May @ 2pm.?Our property tax webinar will address common property tax issues and equip you with some important considerations.?

National Minimum Wage Increase?

On 1st April 2024, the UK's National Minimum Wage (NMW) rates, including the National Living Wage (NLW), increased in accordance with recommendations by the Low Pay Commission from autumn 2023. The new rates, effective from April 1, 2024, are as follows:?

Additionally, a report assessing the potential impacts of these new rates and projecting the NLW rate for April 2025 has been published by the LPC. The NLW projection for April 2025, based on the government's directive to maintain the NLW at two-thirds of median pay, is estimated to range between ￡11.61 and ￡12.18 (￡11.89 central estimate).?

The LPC is conducting regional visits across the UK and will soon initiate a call for written evidence to inform its future recommendations.??

https://www.gov.uk/government/publications/the-national-minimum-wage-in-2024???

Coffee Morning?

In April’s coffee morning we were introduced to new member benefit and IAB Awards content sponsor befree. A leading outsourcing company with a wealth of experience in supporting accountants and bookkeepers grow their business. As well as the catch-up video you can learn more about them in the latest edition of iabConnect.?

We also welcomed members of the HMRC team for a demo of new tool Income Record Viewer (IRV).?

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