News Archive

Interview with Jane Pincher MICB, recent achiever of the Level II and III Examinations in Computerised Bookkeeping. “Before I started bookkeeping, I was a bank manager working within the business sector for 7 years. As I worked with small businesses on a daily basis, I noticed that a lot of companies were going bust due to their lack of understanding of VAT and PAYE. A lot of the clients I saw couldn’t afford to pay for an accountant and were often doing their own ...

Two great days when you Summit all up   Where else could you almost four hundred bookkeepers over two days if it were not for the ICB Bookkeepers Summit?   Bookkeepers from across the world last week descended upon Savoy Place, London, on Thursday and Friday 17/18 November, making the Summit the biggest ICB gathering to date.  Celebrating fifteen years serving the bookkeeping profession, and having just been awarded the coveted ‘Professional Body of The Year’ aw...

Diana Bruce – November 2011 Senior Policy Liaison Officer for the Chartered Institute of Payroll Professionals   Improving the Operation of Pay As You Earn (PAYE): Collecting Real Time Information   I had the pleasure of speaking at the ICB’s conference in London on 17 November and one of the topics on the agenda was Real Time Information.  This subject generated a lot of interest and as implementation is just around the corner, this article will ...

      You will already be aware that the Exchequer Secretary gave his consent to raising the coding out limit of tax owed from below £2,000 to £3,000. The new Regulations took effect from 20 July 2011 allowing HMRC to collect up to £3000 of tax owed through the PAYE tax code. The revised underpayment coding out limit applies to non-SA underpayments from 2010-11 onwards. So for example, a 2010-11 informal tax calculation (P800) issued after October ...

  As most readers will be aware the VAT Flat Rate Scheme (FRS) was introduced to enable small businesses (turnover up to £150,000 excluding VAT) to simplify their VAT accounting procedures.    So reduced record keeping is one of the advantages of the scheme but are there any other benefits?  Yes indeed.  All trades will have their own flat rate percentage and it is this percentage that is applied to VAT inclusive sales made by the business which could result...

    Conference Brochure Dinner and Awards Menu Click to launch the full edition in a new windowPublisher Software from YUDU Click to launch the full edition in a new windowOnline Publishing from YUDU     Powerpoint Presentations | Day One  Powerpoint Presentations | Day Two     Online VAT and CT Chris Kelly, HMRC (PDF) The Professional Bookkeeper...

  These short videos interview the nominees for ICB Student of the Year and ICB Bookkeeping Practice of the Year at this year's Luca Awards. Winners Moolchand Dubey and Karen Jewell Ltd, were presented with their Luca Awards at the Annual Dinner and Awards Ceremony held at the Banqueting House, London, on 17th November.   The much anticipated Luca Awards ceremony took place on Thursday 17th November with an audience of 200 guests and HRH...

The Office of Tax Simplification has approached ICB to ask for its members' views on simplifying the tax system for small businesses.  Following the response to Anne Marie Morris MP's rousing speech on the importance of small and micro-businesses at this year's conference last week, it is clear that ICB members have a good deal to say about making the situation better for their clients and the companies they work for. As you are no doubt aware, the Office of Tax Simp...

ICB is honoured to receive an award for Professional Institute of the Year at this year's BKN Bookkeeping Awards; ' the benchmark for excellence throughout the bookkeeping profession in the UK.' Each of the winners has been 'nominated and voted for by bookkeepers, accountants and fellow professionals, and showcase the best of the bookkeeping profession in the United Kingdom.' The award itself could not have come at a better time, with the announcement being made on 1st Novem...

Bookkeepers everywhere are moving to the cloud to make collaboration with clients both easier and more efficient. Opportunities to boost their own profits are starting to surface as bookkeepers discover how to leverage this connected relationship with clients and offer new services in a much more effective way. ICB is delighted that next month's conference will be attended by Xero, providers of online accounting software, giving attendees the opportunity to find out a little more...

If you are a student: Fastrack your bookkeeping career Improve your examination results Boost your confidence and be reassured that you can achieve and can have fun doing it Learn more about the profession and what ICB can do for you Meet and be inspired by qualified bookkeepers who know what it's like If you are a member: Find out exactly what your company and/or your clients need to do about the new compulsory workplace pensions starting next year Learn about...

ICB October Newsletter 45,096 Subscribers   Google helps ICB keep its head in the cloud It's not just key organisations like HMRC, Companies House, DWP, and the Pensions Regulator who know just how important an audience ICB members are: this year's conference will feature an exciting presentation from the world's favourite internet guru - ...

It's all hotting up for conference I can't believe that it's only a couple of weeks until we all get together at this year's student and member conference, the Bookkeepers' Summit, on 17 and 18 November at Savoy Place in in London.  Conference is great fun, very friendly and we all get to learn new things at the same time. And this year is certainly no exception! Just imagine the sight of so many bookkeepers gathered together in one room, most either studying or alre...

With the recent announcement of our Luca Award Nominees and the acknowledgement of the success and passion of ICB members, the staff at the ICB HQ struggled to pick just ONE member of the month for this month's issue of InVoice. Over the last week, the ICB offices have been graced with the presence of our Luca Award Nominees for the Student of the Year and Bookkeeping of the Year categories. Their inspiring stories and their enthusiasm towards their studies and their jobs was something we fe...

Associate Members who achieve their Level III bookkeeping qualifications are eligible to become Full Members and use the protected title, Certified Bookkeeper.   Passing ICB Level III qualifications demonstrates your advanced bookkeeping skills in drafting year end final accounts for Limited Companies amongst other things. In line with the New Membership Structure, effective from 1st October, members would need to complete the Diploma in Manual Bookkeeping and the Diploma i...

Sign up for a free EARNIE payroll webinar on 3rd, 7th, or 9th November ICB and HMRC accredited Earnie Payroll offers solutions both for running your own in-house payroll and for offering payroll bureau services to clients.  EARNIE, part of the IRIS Software Group, provides payroll solutions to over 8,000 companies throughout the UK. We are pleased to announce that the EARNIE team will be running three online demonstrations of their software exclusively for ICB st...

On 26th September, Members and Students of the Oxford region branch were treated, by representatives of Shaw Gibbs LLP, to a detailed presentation on Inheritance Tax. The positive feedback from the meeting was so strong in content and number that we had to share it with those of you who missed out! Click here to view the presentation. Shaw Gibbs LLP has been shortlisted as Accountancy Firm of the Year for the Luca Awards 2011. Vote now for your favourite Accoun...