February 2024 Newsletter

Welcome to your February newsletter, the biggest news since last month is that we've been in the news!??

We recently launched a free 'managing your finances' one-hour learning course that was available in libraries across Kent with plans to roll out in other areas of the UK. The course has received positive feedback and even caught the attention of the local BBC news. Watch the video to learn more about this exciting initiative.??

Managing your Finances - https://youtu.be/sXItiT_dN68

Our goal is not only to help people with basic financial management but also to potentially open doors to new career opportunities in fields like accountancy, bookkeeping, or business support. Don't hesitate to share this opportunity with your friends, family, colleagues, or clients who may benefit from it. Any thoughts and feedback are welcome.

Sign up now, it's free - https://www.iab.org.uk/product/managing-your-finances/

Government plans to legislate to keep double cab pickup tax treatment

The government has?announced?that it will legislate to retain the tax treatment on double cab pickups as goods vehicles, where applicable.?

This comes after a backlash from farming and motoring industry representatives, stating that the new rules were not consistent with the government’s wider aims to support businesses. You can read the CIPP’s article about the now revoked changes?here.?

Nigel Huddleston, Financial Secretary to the Treasury, comments:?

“We will change the law at the next available Finance Bill in order to avoid tax outcomes that could inadvertently harm farmers, van drivers and the UK’s economy.”?

As such, the previously published guidance stating the new rules to use from July may be disregarded. However, it may take some time for this to be removed from GOV.UK.?

Double cab pickups that qualify under the current rules to be classed as a goods vehicle will continue to do so and will receive the accompanying tax treatment.?

Transitioning your Business?

This month Sarah is talking about her experience of expanding your service offering and how technology and upskilling can make this a reality.?

February 2024, Discussion with CEO Sarah Palmer - https://youtu.be/Dw68cNi_Q_o

Accountancy and bookkeeping, like many other professions, are not immune to the march of technology. Smart programmes, apps and the use of Artificial Intelligence are streamlining the way we offer support to our clients.?

?While this use of tech may be seen as a threat, and understandably many of you may be anxious about the impact on your practices, it offers so many advantages.??

Read more here - https://www.iab.org.uk/specialist-advisory-services/

Accountex returns to ExCeL London on the 15-16 May 2024. Find the latest accountancy and finance software, learn about new trends in the education programme, and network with other professionals.??

What can you expect at Accountex London?2024??

??Get actionable insights and stay up to date with 250+ inspiring seminars?? ??Gain up to 16 CPD hours ??

??Discover tech from 295+ exhibitors and get personalised solutions for your business

??Meet new contacts & grow your professional network?

Book your free ticket here - https://www.accountex.co.uk/london/?utm_source=partner&utm_medium=website&utm_campaign=iab

Coffee Morning

Lots of positive feedback from the February coffee morning. This month Paul Lodder from Dext joined us to share a best practice concept he created around?Improving recoverability and client relationships with automation.?

We also welcomed David Pegg who shared his wealth of experience in the world of VAT generating lots of questions in the session.?

Kerry also provided lots of topical and useful information see some of the key links below.?

HMRC Employer Bulletin- https://www.gov.uk/government/publications/employer-bulletin-february-2024

Check HMRC current performance service levels to establish your wait time - https://www.gov.uk/guidance/check-hmrcs-current-performance-and-service-level

If you couldn’t attend, you can catch up on the coffee morning via our website where both presentations from our speakers are also saved.?Don’t forget attending the live coffee morning session earns you 1 x verified CPD point and online catch up earns 1 x non verified.??

Coffee Morning Videos - https://www.iab.org.uk/coffee-morning-2/

IAB charity bike ride donation pivotal in tipping the construction of ‘The Winston Churchill Centre for Education and Learning’

A big thank you to IAB staff and members who took part in the?charity bike ride?back in 2021.?

The centre is set to open on 6th?June 2024, the 80th?Anniversary of D-Day.?

On Tuesday 16 January, the moment was marked with the ‘breaking of ground’ at the Memorial site in the presence of Cressida Hogg and?Lord Richard Dannatt as well as representatives from British Embassy, Paris, Seulles Terre et Mer (confederation of 28 communes), the Normandy Region, the Department of Calvados and the Commonwealth War Graves Commission.?

Lessons of the Past for Generations of the Future- https://www.britishnormandymemorial.org/news-story/d-day-80-lessons-of-the-past-for-generations-of-the-future/

Meet some of our sponsors!

We are thrilled to introduce you to some of the sponsors that have come on board with us for our 2024 events. If you've been following our social media, you will have noticed the announcements we've been sharing. This year's lineup of sponsors is incredibly diverse, showcasing a true reflection of the ever-evolving finance industry. What's even more exciting is the deeper strategic partnerships we have forged with some brands, who are now joining us as content partners. This collaboration brings a visionary dialogue to our events, adding a unique touch of their expertise and professionalism to the industry. Look out for more sponsorship announcements through March!?

befree - https://befreeltd.com/uk/

Company Protection - https://www.companyprotection.co.uk

Online Business School - https://www.onlinebusinessschool.com/

Parker Andrews - https://www.parkerandrews.co.uk/

Capium - https://www.capium.com/

CIPP - https://www.cipp.org.uk/

If you haven’t yet reviewed the categories and submitted your entry, you have until 5pm?on Friday 5th?April.??

Enter Now! - https://www.iab.org.uk/2024-iab-awards/