Blogs - Talk Accountancy - ICAEW Blogs and Discussions

ICAEW chart of the week - Bank of England banknotes

The confirmation last week of the new design for the Bank of England £20 banknote prompted the #icaewchartoftheweek to look at the value of banknotes in circulation. There are just over 2bn paper £20 notes in circulation together worth &...

15 Oct 2019

New regulations to aide continuous improvement of investigations

Sarah Gammon

Significant changes have been made to the Disciplinary Bye-Laws (DBLs) with effect from today - 14 October 2019. The DBLs govern the way in which complaints are investigated by ICAEW’s Professional Conduct Department and the procedures governin...

14 Oct 2019

ICAEW chart of the week - Ireland Budget 2020

Martin Wheatcroft

The #icaewchartoftheweek is on the Irish Government's 'no surprises' Budget for 2020, which was announced to the Dáil yesterday by Paschal Donohoe T.D., the Minister for Finance and Public Expenditure and Reform. Featuring no significant new ...

9 Oct 2019

Become a member of the ICAEW Regulatory Board

Sarah Gammon

The ICAEW Regulatory Board (IRB) is looking to appoint two ICAEW members to join the board. These two new members will replace existing members whose terms come to an end in December 2019. Applications close on 12 October 2019. Find out more about th...

8 Oct 2019

Pride, Purpose and Perspectives- insights from the Business Committee

Business and Industrial Strategy Team

Pride, Purpose and Perspectives- insights from the Business Committee By Simon Gray – Chair of the ICAEW Business Committee As an ICAEW member since 2000, I’ve sat on the ICAEW Business Committee for a number of years now. A short spell ...

7 Oct 2019

Overhaul of ICAEW disciplinary tribunal process

Sarah Gammon

The Disciplinary Committee Regulations now include a robust case management system to help deal with complaints more efficiently. The nature of complaints are now clarified for all parties at a much earlier stage of the disciplinary process; at a cas...

3 Oct 2019

Our communication network spans globally, but the ties between decision-makers and scientists are not strong enough – by Ella Boswell

Olivia Cox

Between January 1st and July 29th this year, humanity used up all the resources which can be renewed by our planet in one year [1]. As a biologist, I can tell you that forty per cent of insect species are expected to go extinct in the next few decade...

2 Oct 2019

Buying a second property, combating fraud and the accountancy 'class ceiling': this month's news in London Accountant

Megan Fitzpatrick

The October edition of London Accountant has now been published. These are just some of the topics we cover this month: Question of interest over second property tax: When a client sought clarity on the tax position of owning two homes, one in ...

1 Oct 2019

ICAEW chart of the week - Welsh Government Budget

Martin Wheatcroft

This week's #icaewchartoftheweek is on the subject of the Welsh Government's Budget for the current financial year. Officially a £19.4bn Budget to cover £16.3bn in Resource spending and £3.1bn in Capital investment, there i...

1 Oct 2019

ICAEW chart of the week - fiscal changes

Martin Wheatcroft

The public sector finances were subjected this week to some big methodology changes by the Office for National Statistics (ONS), as illustrated by the #icaewchartoftheweek. At the same time, the ONS took the opportunity to fix some errors in the rep...

24 Sep 2019

Preparing for Brexit - BEIS events

Sarah Gammon

The Department for Business, Energy & Industrial Strategy (BEIS) is running webinars and events to support businesses prepare for Brexit 30 days to Brexit webinar for SMEs - 01/10/2019 14:30 - 15:30 With 30 days until the Brexit deadline, this w...

23 Sep 2019

OPBAS levy increase for UK practising certificate holders

Sarah Gammon

The annual charge from the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) is set to increase for 2020. The £49 levy will be charged to all mainland UK ICAEW practising certificate holders. This will fund the operational ...

17 Sep 2019

Can over-servicing lose you clients?

Megan Fitzpatrick

There is no escaping the fact that we are in an increasingly competitive marketplace. It is therefore all too understandable to want to do more and more for your client in a drive to be seen as going above and beyond to help retain the client. Wha...

16 Sep 2019

ICAEW chart of the week - a trillion dollar deficit

Martin Wheatcroft

The #ICAEWchartoftheweek this week is on the US federal government budget. This is forecast by the Congressional Budget Office (CBO) to end the current financial year this month at just under a trillion dollars in deficit, with the budget shortfall ...

16 Sep 2019

Data Divergence

Business and Industrial Strategy Team

Underlying strength of UK business is being choked by uncertainty On 9 September, the UK had a much welcomed good news story, with GDP increasing 0.3% in July. Higher than economic forecasts, this was somewhat unexpected with many thinking the UK may...

16 Sep 2019

Bank’s MPC will monitor Brexit inflation

Megan Fitzpatrick

UK temperatures reached record highs in July, but the UK economy has not been heating up this summer. Instead, as world trade tensions and worries about a no-deal Brexit have risen, the economy has been slowing down. Growing Tensions On 1 ...

10 Sep 2019

ICAEW chart of the week - Spending Round 2019

Martin Wheatcroft

On 4 September 2019, the Chancellor of the Exchequer announced the UK Government’s plans for departmental spending for the next financial year, 2020-21; as illustrated by the #ICAEWchartoftheweek. This was unusual, as the announcement wa...

9 Sep 2019

HM Courts and Tribunals Service apologises for recent delays

Sarah Gammon

Jonathan Wood, National Services Director at HM Courts and Tribunals Service (HMCTS) has posted two blogs about the recent delays in the probate service, the causes of these delays and the action HMCTS is taking to address the issues. Wood's first bl...

5 Sep 2019

Climate change, skills gaps and cycling to work: this month's news in London Accountant

Megan Fitzpatrick

The September edition of London Accountant has now been published. These are just some of the topics we cover this month: Why accountants must take action on climate change: As ICAEW and Deloitte join up to create an online learning programme t...

4 Sep 2019

Digital Identity - Have your Say

Jane Berney

On 19th July 2019 the Department for Digital, Culture, Media and Sport in conjunction with the Cabinet Office launched a Call of Evidence on how best to set up digital identity system that will match the n...

2 Sep 2019

Safeguarding, certainty and secure funding

Business and Industrial Strategy Team

Helping regional economies to thrive in a post-Brexit Britain It’s probably fair to say that this week in Westminster has been somewhat turbulent. With the Queen assenting to the prorogation of Parliament, and the Spending Review brought forwa...

2 Sep 2019

ICAEW chart of the week - English schools budget up £14bn - or is it £1.2bn?

Martin Wheatcroft

The Prime Minister's announcement of a '£14bn package' of more money was welcome news for English schools as they prepare to re-open their doors after the summer holidays. Unfortunately, as is common with government announcements, there i...

2 Sep 2019

Optimise your income part 2: not the same as maximising your income

Megan Fitzpatrick

In the second part of a series of articles, London accountant and business adviser Surekha Aggarwal explains how accountants in business can optimise their income, but they need to understand this is not the same as maximising revenue. It is said tha...

27 Aug 2019

Preparing for your firm's next monitoring review: Advice for firms from ICAEW’s Quality Assurance team

Sarah Gammon

ICAEW’s Quality Assurance team has published three new monitoring reports to help your firm prepare for their next quality assurance review: Practice Assurance Monitoring 2019 Insolvency Monitoring 2019 Audit Monitoring 2019 The reports look ...

22 Aug 2019

Start-up survival & the role of chartered accountants

Business and Industrial Strategy Team

Iain Wright on how accountants are essential to entrepreneurialism, business survival and growth You might be reading this lying on a beach somewhere (in which case, what on earth are you doing?!) or attempting some distraction tactics for the thousa...

15 Aug 2019