Recording of a June 2019 webinar on the move from a compliance accountancy practice to an advisory practice. Experts from ICAEW and Xero explain how by embracing digital technologies, compliance work becomes more efficient, and so allows firms to provide advisory services that command greater value.
Highlights of an ICAEW Practice Business Advisers event held in the Chartered Accountants’ Hall, London on 5th October 2018.
How accountants in practice can make the most of digital developments
Technical helpsheet to help members in practice with implementing Making Tax Digital for VAT. It gives a breakdown of the key dates and next steps on keeping digital records, setting up an HMRC Agent Services Account, preparing clients for MTD, and using MTD compliant software.
The IT Faculty has produced a number of software product guides.
Tax compliance issues
Access resources on corporation tax within the UK tax regime
Expert commentary and practical guidance from ICAEW related to VAT under the UK tax regime.
Access resources related to IR35 and the taxation of intermediaries in the UK business tax regime
Information on key questions with regards to business taxation.
Advising in a changing world
Technical helpsheet which aims to help answer some common questions relating to tipping off when money laundering is suspected.
The Fraud Advisory Panel's April 2019 guide to invoice fraud. The helpsheet defines what invoice fraud is, gives advice on the warning signs and includes an action plan of what to do if you suspect a client is victim of invoice fraud.
ICAEW has developed guidance for practice firms on what to include in engagement letters. This page provides a series of sample wordings to help you draft your own engagement letters.
Read our quick-start guide, outlining a variety of areas that could impact your business, to help you start preparing for Brexit.
Courses created specifically for finance, business and accountancy professionals.
Get accredited with probate
This section explains the benefits and how your firm can become a probate accredited firm.
This section looks at the opportunity probate presents and what you should consider before applying.
Guidance for ICAEW members and non-members who wish to apply to become authorised to undertake probate work.
Boost your probate services with marketing resources from ICAEW.
Exit routes and succession planning
An overview of succession planning and why it is essentital for any practice to have a well thought out succession plan to cover multiple scenarios.
A guide exploring the do's and don't in succession planning.
Successful practice succession can be a real challenge. You may need to fund the retirement of older partners while keeping the practice an attractive proposition for new ones.
A 'tech stack' for accounting firms is a collection of apps which enable your firm's operations to run smoothly.
The article presents case studies of accounting firms who were successful through technology using cloud computing software. Software services included payroll management, servicing remote clients, and doing bill payment, software products included Xero, QuckBooks Online, and Sage Business Cloud Accounting.
The article focuses on the role of technology in bringing change to the delivery of accounting and consulting services. Topics discussed include technologies include blockchain, artificial intelligence, and robotic automation, digital services include cyber-security, IT advisory services, and data analytics services, and increasing the competence and skill of professionals.
The article discusses the significant change faced by accounting and finance groups as companies move toward digital transformation. Topics discussed include the ways that companies can provide opportunities for their people to thrive and contribute as they undergo change, the different models of important accountant behaviors, and the need to form a team that will put theory into real-world practice.