Claire Rulton

Accountants & bookkeepers! 📣 Summer’s arrived, and if the sun’s playing hide and seek, it’s the perfect time to dive into some CPD-accredited learning tasks ☀️ Check out the comments for a few to get you started 👇

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📢 **APESB Issues Revised APES 310 on Client Monies** 💼 The Accounting Professional & Ethical Standards Board Limited (APESB) has issued a revised **APES 310 Client Monies**, bringing key updates to support professional accountants in managing client funds. **Key changes include:** - Flexibility to use alternative terms like “client account” instead of “Trust Account” when opening bank accounts (new paragraph 5.2) - Practical options to prevent situations that might lead to a right of set-off (new paragraph 5.5) - New definition for confidential information and updated definition of assurance engagement to align with **APES 110 Code of Ethics** (including Independence Standards) - Amendments to assurance report templates to incorporate quality management changes and align with the revised **ASAE 3100 Compliance Engagements**, effective for engagements starting after **15 December 2022** (Appendix 2 & 3) 📅 **Effective Date**: The revised APES 310 applies to engagements or assignments starting on or after **1 April 2025**, with early adoption permitted. #APES310 #ClientMonies #TrustAccount #APESB #AccountingEthics #Compliance #AccountingStandards #Audit

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Are you considering a Creditors Voluntary Liquidation (CVL) for your business? #accountants #accounting #bookkeeper #accountantsuk #cpd #financeprofessional #insolvency #businessadvice #mvl #cvl #cva #insolvencypractitioner #smallbusiness #somerset

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Accountants & bookkeepers! 📣 Summer’s arrived, and if the sun’s playing hide and seek, it’s the perfect time to dive into some CPD-accredited learning tasks ☀️ Here are a few to get you started 👇

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We are hearing a lot of political talk at the present in relation to Negative Gearing and Capital Gains Tax. So here is a brief update on the basis of these policies. With next year’s federal election just around the corner, two key areas of taxation will be a hot topic up for debate. Negative gearing and the capital gains tax (CGT) discount... Read more in our recent newsletter article below:

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🔔 Accountants and financial advisers identify main reasons why clients are struggling to pay their tax bills 👉 In a new study from Premium Credit, a leading provider of finance for companies and business owners tax bills, 54% of accountants and financial advisers cite the cost of living crisis as one of the main three reasons why clients are struggling to pay their tax bills. This was followed by 50% who said clients have seen their revenue fall, and 49% who cited personal circumstances of clients such as divorce. 👉 Read it here: https://lnkd.in/giA3fxXf #premiumcredit #specialistlender #tax #funding #research #accountants Jennie Hill

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Have you subscribed to our newsletter? Stay up to date with all the latest news from me and the world of Lednor Accounting including free hints and tips! The only question is, why wouldn't you sign up? www.lednoraccounting.co.uk #SmallBuisnessAccountant #AccountingServices #Accountant #ProfitFirst

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How will the 2024 Autumn Budget affect you? Business Hive member, Appleleaf Chartered Certified Accountants, have summarised the key points in our latest Business Guide. Head over to www.businesshive.net to download your free copy (look for our guides further down the homepage). #2024AutumnBudget #Budget #BusinessSupport

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Fail to plan and you plan to fail. One of the top reasons for business failure is bad planning and a lack of strategy. A regular meeting with your accountant can help you with developing and implementing a strategy for your business’s financial performance This is just one of the many benefits of signing up to our Company eNhanced service level, where your business benefits from a structured communication plan with us including 4 quarterly meetings as well as ongoing ad hoc support, in addition to fulfilling the compliance. https://buff.ly/3ODWQz5 #accounting #business #marshes

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Should you be angry at your accountant? Are you getting what you pay for from your accountant? I'll be helping to answer both of these questions and more when I speak at a business networking event for 4N Online UK B2BN SME today at midday. There are a lot of misconceptions regarding what an accountant should be doing, there are also a lot of misunderstanding over what the different roles in finance and accountancy can do for business - this afternoon I'll aim to clear things up and add some much needed clarity. I'll add the booking link in the comments if you'd like to join me and gain some knowledge to help push your business forward. #SMEbusiness #SME #Business #Accountancy #Bookkeeping #Payroll #Networking

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With Making Tax Digital for income tax just around the corner, we put your questions to Craig Ogilvie, HMRC’s director of MTD. 🧐 👀Click here: https://ow.ly/h2zK50TenQ0

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🚨🚨News Flash 🚨🚨 So excited to feature in Sage's new AI and accounting policy report Going for Growth with ACCA and Demos. It reveals the huge growth opportunity this technology presents for both bookkeepers and accountants and the wider UK economy. The report found: ✅ High levels of AI adoption in every UK practice could add £2bn to GDP and create an additional 19,000 jobs. ✅ AI adoption is on the rise. 26% of practices have implemented AI today, expected to increase to 52% in five years. ✅ Accountants and bookkeepers are technology optimists. 61% believe AI will create more opportunities than risks. ✅ Unless tackled, an AI skills deficit will restrict the adoption of AI. Only 16% feel well prepared to meet the AI skills demand. We look forward to staying part of the debate to ensure we can unleash the potential of AI across the accounting industry. 👉👉 Head to the Sage website to find out more Bee Motion | Cerana Official

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Who Our Tax Planning Tips Are For (and Who They’re Not For) Are you a small owner-managed business in the UK looking to optimise your tax planning? Our latest blog post is tailored specifically for YOU! **Who This Is For:** ✅ Small business owners managing their own finances ✅ Entrepreneurs operating from home ✅ Business owners seeking to maximise tax deductions and reduce liabilities ✅ Those who want to better understand mileage claims, capital allowances, and more **Who This Is NOT For:** ❌ Large corporations with dedicated finance departments ❌ Businesses with complex international tax structures ❌ Owners who do not manage their day-to-day finances Our comprehensive blog covers everything from home office deductions to capital allowances, ensuring you’re making the most of your tax benefits. Don’t miss out on valuable tips to keep more of your hard-earned money! 👉 Read more:https://lnkd.in/ekWCaCF6 #TaxPlanning #SmallBusiness #MicroBusiness #UKBusiness #FinancialTips"

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Self Assessment Tax Return-Claim allowances for > 10% tax saving As another tax year draws to a close, you have started receiving notice to complete a self-assessment tax return for the tax year 06 April 2023 to 05 April 2024. It's time to fulfil tax obligations as responsible taxpayers. Whether you're a self-employed entrepreneur, landlord, investor, or individual with complex financial arrangements, the self-assessment process offers to declare your income, claim allowable expenses, and ensure compliance with tax regulations. With careful planning, attention to detail, and perhaps some expert guidance, you can confidently navigate the complexities of tax filing and emerge with a clearer understanding of your financial landscape. Here's the list of some critical allowances you can claim on your tax return: 1. Claiming Allowable Expenses: Ensure you claim all allowable expenses related to your self-employment, rental income, or other sources of revenue. These expenses can include costs incurred exclusively for business purposes, such as office supplies, travel and professional fees. 2. Maximizing Deductions: Take advantage of all available deductions... To read the full blog post, please visit https://lnkd.in/ee8CxHRb #selfassessment #taxreturn #taxsavings #allowances

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Think switching accountants is too much hassle? Think again. Our exclusive eight-page guide explores (and explodes) the most common myths associated with transferring your business to a new accountant. https://lnkd.in/dijphE2J #taxtips #accountancy #mythbusting

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