In January the ICPA passed a significant landmark when we welcomed our 1,000th practice to the ICPA, and every staff member, together with our long-time supporters, celebrated the milestone at The Farmer Clubs in London. It was a tremendous evening as I thanked each and every member of the team for their efforts in getting us to this level. I pointed out that when we launched all those years ago small practices had no voice and no champion that understood their unique and undervalued talents.
All that changed when we stood up for this sector of our profession and ensured that they were represented and catered for whenever new legislation was being introduced. That their professionalism was recognised, even when HMRC were – and are still – calling it into doubt. That’s why we have now over 1,000 practice members and we are far from complacent.
We have recently agreed to provide every ICPA member with a bi-monthly e-magazine, ‘HMRC Enquiries Investigations and Powers’, produced by Armstrong Media and edited by Mark McLaughlin. We aim to challenge HMRC’s belief that the tax gap is fuelled by the very smallest of businesses; there is no doubt that investigations and enquiries will increase and the ICPA are determined to give members all the help and tools possible. Check out the site at http://hmrctaxinvestigation.co.uk to see what you are missing. If you are not an ICPA member and want to subscribe to this e-magazine the cost is £95 per year (it’s free to ICPA members).
As I pointed out in December, the big concern at the moment is GDPR (the General Data Protection Regulations). Frankly, the level of scaremongering on the internet is astonishing, which is why we commissioned Mark Lee, together with Armstrong Media, to produce the ICPA Guide to GDPR, which is again free to ICPA members. The guide will tell you exactly what you need to do and how to do it and when, and will be published mid-March.
These two new initiatives highlight why over 1,000 small practice accountants from every major UK institute have joined the ICPA.
In this issue we welcome the first contribution from award-winning accountants Elaine Clark and Steve Collings, so for the very best content pertinent to our practices by the very best writers start turning the pages.
- Tony Margaritelli (Chair ICPA)
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