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A strong client relationship is vital to the success of any accounting practice. On this page we provide a selection of resources on client care and management.
Eligible firms have free access to Bloomsbury Professional’s comprehensive online library, comprising more than 60 titles from some of the country’s leading tax and accounting subject matter experts.
Acting as a trustee
Amid the joys and perils of working for free, how can you be effective as a charity trustee?
The basic principles to follow when acting as a trustee.
ICAEW’s Business Law Department explains what members need to be aware of if they are asked to act as a trustee.
Technical helpsheet issued to help members to determine how relationships can impact audit independence, especially in regard to whether a firm can continue to act if a partner in the firm is a trustee of a trust that holds shares in an audit client.
ICAEW have launched a new “traffic light” personal finance guide to help signpost members through this area.
You need to be aware of these ten practice regulation issues.
Revised guidance on 'engaging in public practice' comes into effect from 1 January 2017. On this page, you will find a links to key information to help you familiarise yourself with the changes.
Client moving overseas
Three cost saving tips when working with overseas clients
In 2015 the UK announced that it would introduce new criminal laws to apply to corporations who fail to put in place reasonable procedures to prevent their representatives criminally facilitating tax evasion, both in the UK and overseas.
FAQ on whether a client who is resident overseas, but rents out property in the UK, meets the criteria needed to qualify for a UK Personal Allowance.
FAQ on the daily Private Residence Relief allowance for a diplomat, to enable him to find accommodation whilst away on diplomatic duties abroad. The house he owned in the UK was let to tenants between his brief periods of occupation.
DPB (Investment Business) licence
Information for members and firms with a DPB (Investment Business) licence.
Frequently asked questions on DPB (Investment Business).
As the pensions and investment market becomes ever more complex, the latest guide from the Professional Standards team looks at where you can offer support to your clients.
“We do not undertake any investment business so we don’t need a licence” – this is a common response that may underestimate the scope of licensed activities.
This section provides all the information you need to know to apply for an ICAEW insolvency licence, including a full list of requirements and details of the fees involved.
ICAEW materials on restructuring and insolvency to share with your clients, business partners and staff.
Insolvency is a regulated profession and insolvency practitioners must meet certain standards. They must comply with the law, statements of insolvency practice (SIPs), the insolvency Code of Ethics and ICAEW’s insolvency regulations. We also issue guidance to assist insolvency practitioners.
Guidance on business restructuring and insolvency, including insight into what insolvency practitioners can offer, examples of corporate insolvency measures and information for creditors on IP fees.
Engagement letters are a key document in the relationship between you and your client, providing a written confirmation of the work that will be carried out. The Library can provide sample wording for a wide variety of engagement letters.
The ICAEW Library & Information Service holds a collection of model financial statements and checklists.
The ICAEW Library & Information Service offers access to an extensive range of forms and precedents through the collection of printed works and electronic databases.
Obtain client screening reports checking against global risk and compliance data, including government sanctions, Politically Exposed Persons, a wide range of watch lists and negative news profiles.
This handy guide explains what regulatory authorisations are required to advise clients on different aspect of their personal finances with details on and how the ICAEW Designated Body Scheme (DPB) can be used.
Ensuring that consumers make the right choices about how and when to access their pension pots is a tall order for regulators and advisers. Mike Morrison highlights how the system of information, guidance and advice is evolving.
Our report on pensions provides a synopsis of the basics from both a personal and business perspective.
Personal Financial Planning
Resources for Personal Financial Planning covering regulation, pensions, investments, probate and practice development.
Updates and insights related to investment.
Financial planning offers excellent potential for accountants as an additional revenue stream, but you need your own plan
Probate work offers firms a real business opportunity. Combining inheritance tax planning and probate services enables you to reaffirm your position as a one-stop-shop for business advisory services.
Practical guidance for probate practitioners, including the latest regulatory updates, helpsheets, and compliance information.
ICAEW probate-accredited firms explain how they are making a success of this new area.
Tax advice for individuals
Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.
MTD for individuals is centred around the Personal Tax Account (PTA) which already has many of the services needed by PAYE taxpayers. HMRC continues to improve and develop the PTA.
Professional Conduct in Relation to Taxation (PCRT) has been updated making it easier to navigate with a new digital structure. This edition is effective from 1 March 2019.
The emergence of professional service firms in recent years has resulted from a growing demand from businesses for specialist advice to help them achieve business advantage in an increasingly competitive market place.