Sharon Cooke’s Post

I often talk about this subject, anyone can set themselves up as an accountant and give tax advice and it often shocks people and it should. This article is about trying to regulate and standardise the profession. You don't want anyone fixing your boiler or handling your pension pot so don't let just anyone advise and guide you in your business finances. We always make it clear that we do not give personalised advise to non clients and that is because we are regulated by a professional body, The Institute of Financial Accountants. If we don't know you and understand your business why would you want us to? Being able to guide you through what could be complicated legislation takes time and it relies on specialist knowledge and experience. Make sure you work with the right Accountancy practice, check their regulatory body, check they are qualified and make sure they understand your profession. We are proud of our expertise and knowledge and would never take on a client that we didn't feel confident about working with. Reach out if you want to work with an established and properly regulated Accountancy Practice. We're are professional and of course, very nice!

📣 Exciting News! 📣 The Certified Public Accountants Association (CPAA) has officially reached out to the Prime Minister, highlighting key issues affecting our industry. From HMRC service levels to agent regulation and the burdens of quarterly reporting under Making Tax Digital (MTD), we've put forward our concerns and suggestions for a more streamlined and supportive system. Read the letter here - https://lnkd.in/eN3KmQJ6 #CPAA #TaxSimplification #HMRC #MakingTaxDigital #UKAccounting #ProfessionalStandards #SupportSmallBusinesses

Dear LinkedIn community, I'm thrilled to announce the successful completion of my first UK tax season as an ACCA Affiliate! It's been a challenging yet immensely rewarding journey, and I wanted to share some reflections from this experience. Throughout the season, I had the privilege of preparing personal tax returns along with corporate and partnership returns for my clients, implementing proper tax planning strategies to ensure compliance and maximum benefits. Despite our diligent efforts, some clients reverted on the last day, creating a crunch situation. Working until midnight with UK people, I successfully prepared and submitted their returns, ensuring none of our clients faced penalties. This experience shed light on the profound trust and reliance our clients place in us. The responsibility of my role became even more apparent, emphasizing the critical role we play in their financial well-being. Looking ahead, I've identified key learnings for the next tax season: 1. Stay Ahead of Amendments: I realize the importance of updating myself in advance on next year's amendments. This proactive approach will enable me to plan and execute tax strategies more effectively. 2. Early Client Engagement: To avoid last-minute rushes, we need to start the data collection process early. Proactively engaging with clients, educating them on the importance of timely submissions, and streamlining the data collection process will be paramount. 3. Enhance Communication Methods: Improving our communication methods is crucial. Exploring new ways to connect with clients, providing clear and concise information, and offering easy-to-understand computation summaries will reduce back-and-forth communication. 4. Inevitability of Last-Minute Submissions: While we strive for early submissions, it's essential to acknowledge that last-minute submissions may still be inevitable. Planning for contingencies and having a streamlined process for such situations will be part of our strategy. I am grateful to AskUs Consultants LLP for the experiences and lessons learned during this tax season. I look forward to implementing these insights to enhance our services and continue providing exceptional value to our clients. Cheers to growth, learning, and another successful tax season ahead! #ACCA #TaxSeason #FinanceProfessional #ContinuousLearning #ClientService #TaxPlanning #CareerJourney

⏰Coming This February ⏰  Are you ready to take your tax research and writing skills to the next level? Our upcoming webinar is the perfect opportunity for you! Join us by signing up here:  ➡️ https://bit.ly/TR-WA-FEB24 Our Tax Research and Writing Advice webinar is designed to demystify various research sources, explaining their relevance, usage, and the protection they offer both you and your clients. 📘🔎 But that's not all! This webinar is a part of our comprehensive Tax Fundamentals Webinar Series. In these sessions, Senior Accountant Allyson Pannier and our founder Peter Johnson will delve into fundamental accounting principles, enhancing your knowledge and expertise.  💼 📅 Save the Date! Join us for our first session: Tax Research and Writing Advice - 12 PM, Wednesday, 21 February 2024 (AEDT) In this session, we'll cover a range of crucial topics, including: ✅ Tax Legislation ✅ Rulings & Determinations ✅ Case Law Analysis ✅ ATO Alerts and Documents ✅ And much more... Wondering about the other webinars in the series? Here's a sneak peek: 🖥️ Practical FBT Fundamentals - March  🖥️ Rental Properties And Tax Fundamentals April 🖥️ GST In Practice - May  🖥️ Completing Income Tax Returns - June  🖥️ Understanding Client Structures - July  🖥️ Advising Client on Structures - August 🖥️ Cars & Tax - September  🖥️ Capital Gains Tax - October  🖥️ Capital Allowances - November Who Should Join? 🖊️Early to Middle Career Professionals 🖊️Any professional keen on enhancing research and communication skills And guess what? You can get up to 10 hours of CPD or 1 hour per webinar! 🎓 Missed the live session? No worries! You'll receive access to our webinar slides and recording, allowing you to learn at your convenience. Don't miss out on this opportunity to elevate your professional skills. Sign up now! 👉 ➡️ https://bit.ly/TR-WA-FEB24 #tax #advising #writtencommunication #taxresearch #writingadvice #taxfundamentals #junioraccountants #CGT #structures #fundamentals #accountingbasics #accountants #accounting #advisersdigest #CPDtraining #CPD #webinars #onlinetraining #AllysonPannier

⏰Coming This February ⏰  Are you ready to take your tax research and writing skills to the next level? Our upcoming webinar is the perfect opportunity for you! Join us by signing up here:  ➡️ https://bit.ly/TR-WA-FEB24 Our Tax Research and Writing Advice webinar is designed to demystify various research sources, explaining their relevance, usage, and the protection they offer both you and your clients. 📘🔎 But that's not all! This webinar is a part of our comprehensive Tax Fundamentals Webinar Series. In these sessions, Senior Accountant Allyson Pannier and I will delve into fundamental accounting principles, enhancing your knowledge and expertise.  💼 📅 Save the Date! Join us for our first session: Tax Research and Writing Advice - 12 PM, Wednesday, 21 February 2024 (AEDT) In this session, we'll cover a range of crucial topics, including: ✅ Tax Legislation ✅ Rulings & Determinations ✅ Case Law Analysis ✅ ATO Alerts and Documents ✅ And much more... Wondering about the other webinars in the series? Here's a sneak peek: 🖥️ Practical FBT Fundamentals - March  🖥️ Rental Properties And Tax Fundamentals April 🖥️ GST In Practice - May  🖥️ Completing Income Tax Returns - June  🖥️ Understanding Client Structures - July  🖥️ Advising Client on Structures - August 🖥️ Cars & Tax - September  🖥️ Capital Gains Tax - October  🖥️ Capital Allowances - November Who Should Join? 🖊️Early to Middle Career Professionals 🖊️Any professional keen on enhancing research and communication skills And guess what? You can get up to 10 hours of CPD or 1 hour per webinar! 🎓 Missed the live session? No worries! You'll receive access to our webinar slides and recording, allowing you to learn at your convenience. Don't miss out on this opportunity to elevate your professional skills. Sign up now! 👉 ➡️ https://bit.ly/TR-WA-FEB24 #tax #advising #writtencommunication #taxresearch #writingadvice #taxfundamentals #junioraccountants #CGT #structures #fundamentals #accountingbasics #accountants #accounting #advisersdigest #CPDtraining #CPD #webinars #onlinetraining #AllysonPannier

Accountancy Age says “The successful implementation of MTD depends on the government's ability to address the concerns raised by stakeholders and provide a transparent and customer-centric approach” There are always concerns among accountants and our clients about the response time of HMRC. What is your experience of HMRC, and how do you think their service could be improved? https://lnkd.in/eXpAxvF2 #MakingTaxDigital #MTD #cloudaccounting #HMRC #TaxCompliance

It's 70 day's to May 1st. A date all tax payers know all to well. Especially Accountants. 𝐍𝐨 𝐦𝐚𝐭𝐭𝐞𝐫 𝐭𝐡𝐞 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐢𝐭'𝐬 𝐞𝐚𝐬𝐲 𝐭𝐨 𝐝𝐞𝐟𝐚𝐮𝐥𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐈 𝐰𝐢𝐥𝐥 𝐠𝐞𝐭 𝐭𝐨 𝐢𝐭 𝐰𝐡𝐞𝐧... You can fill in your own reason. What often happens when the pressure is off, we sit back and relax for a while to catch our breath. The pain of what you just went through soon forgotten. So the cycle continues. Many folks told me "your crazy Paul to run Round Tables for Accountants in Tax Season". No one will show up. 𝐈 𝐝𝐞𝐜𝐢𝐝𝐞𝐝 𝐭𝐨 𝐝𝐨 𝐢𝐭 𝐚𝐧𝐲 𝐰𝐚𝐲 𝐚𝐧𝐝 𝐠𝐮𝐞𝐬𝐬 𝐰𝐡𝐚𝐭? Accountanting firm owners are showing up. 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟏𝐬𝐭 𝐚𝐭 𝟓 𝐩𝐦 𝐄𝐚𝐬𝐭𝐞𝐫𝐧 𝐈 𝐚𝐦 𝐡𝐨𝐬𝐭𝐢𝐧𝐠 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐑𝐨𝐮𝐧𝐝 𝐓𝐚𝐛𝐥𝐞 𝐄𝐯𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐎𝐰𝐧𝐞𝐫𝐬. It's likely an accountant attending has solved an issue you have. Accountants Helping Accountants. Click the link to register. Accounting Firm Partners and Owners Only may attend #accountants #cpa #businessadvisoryservices #roundtablediscussion #taxseason2024

The audit and accountancy professions have endured a tough few years. High-profile corporate collapses and other accounting scandals have caused significant reputational damage. Meanwhile, the constant tinkering with the tax system by successive governments creates continual challenges for advisers. Our latest blog examines some of the challenges facing accountants, auditors and tax professional and looks at how training can help provide some answers. Read today https://ow.ly/mskR50TFq3S

[Last Chance📣] Calling all practicing accountants, this is your last chance to join our Tax Research and Writing Advice webinar. Don’t miss out on the opportunity to brush up on your all-important tax research and writing skills! ➡️ https://bit.ly/TR-WA-FEB24 This webinar will help you to understand the different sources of research information, what they apply to, how to use them and what protections they provide you and the client. Led by industry expert, Allyson Pannier, take your accounting skills to the next level, better advise your clients, and get 1 hour of CPD! Not only that, this webinar is the first of ten sessions in our comprehensive tax fundamentals series where our founder, Peter Johnson, and Allyson Pannier will boost your knowledge and expertise while gaining up to 10 hours of CPD! In this webinar, we will cover: ✅ Tax Legislation ✅ Rulings & Determinations ✅ Case Law Analysis ✅ ATO Alerts and Documents ✅ And much more… Save the date, you won’t want to miss out! 📅 Wednesday, 21 February 2024, 12PM (AEDT) If you can’t make it to the live session, no stress! The recording and presentation slides will be available to download so you can learn when it suits you. Register now, limited spots available ➡️ https://bit.ly/TR-WA-FEB24 #tax #advising #writtencommunication #taxresearch #writingadvice #taxfundamentals #junioraccountants #CGT #structures #fundamentals #accountingbasics #accountants #accounting #advisersdigest #CPDtraining #CPD #webinars #onlinetraining #AllysonPannier

🎉 Exciting News! Abdo has been recognized by USA Today as one of just four Minnesota firms to crack the Top 100 most recommended Tax and Accounting firms in the nation. This honor, which was voted on by clients and peer firms, reflects our commitment to building trusted relationships & delivering exceptional client experiences. #TopAccountingFirms #TheAbdoDifference