Welcome to the November edition of Practice Plus. This month we bring you lots of news and guidance to keep you updated. In particular, we draw your attention to some recent CCAB-I representations on tax matters and bring you details of CPD events happening after the income tax filing deadline.
Explore the new CPA Ireland Digitalisation Hub now!
Verification checks on remote working relief to be minimised
The Digitalisation Hub is an outstanding benefit for our members & students. CPAs provide an essential service to the Irish economy & this hub will provide a roadmap for digital transformation and guide you to the software of most relevance to your business. With so many options available, getting the right mix of tools can be hard.
Extension to Income Tax Deadline not envisaged
Minister for Finance, Paschal Donohoe T.D., confirmed in the Dáil that an extension to the Income Tax deadline was not envisaged, but that the situation was being kept under review. Accountants under extreme deadline pressure can contact Revenue through MyEnquiries to seek to arrange for the filing of tax returns after the deadline
Working from home relief must respect self-assessment rules says CCAB-I
CAB-I, recently wrote to the Minister for Finance, Paschal Donohoe,on aspects of the Finance Bill 2021 which require amendment.
CCAB-I have recently contacted Revenue on foot of feedback from members on the high volume of verification checks by Revenue on remote working relief.
Charity Trustees’ Week 15-19 November 2021
Charity Trustees’ Week is hosted in partnership by the Charities Regulator, Boardmatch Ireland, Carmichael, The Wheel, Volunteer Ireland, Charities Institute Ireland, Pobal and Dóchas.
Audit of Less Complex Entities – Accountancy Europe Webinar 19th November
Accountancy Europe are hosting a webinar on the proposed standard the Audit of Less Complex Entities, 19th
November 3pm (Central European Time).
Essential Practice Update – 26th November 2021!
Essential Practice Update: Full & Half-Day Event – 26th
CPA Ireland's Essential Practice Updates are designed with accountants working in practice in mind. This full-day seminar is an excellent opportunity to gain in-depth guidance on key technical topics from knowledgeable subject matter experts.
The Property Services Regulatory Authority Annual Report
The PSRA have recently published their annual report.
IAASA audit committee videos
IAASA have made available their recent Audit Committee Briefing.The videos are now available
CRO via their Twitter account, has several videos to view via YouTube on filing returns. As always, we would advise to keep an eye on the CRO twitter page as this is gets the regular CRO updates.
The FRC FRS 102 and Climate Matters factsheet
The FRC (Financial Reporting Council) has just published a short but insightful factsheet on climate matters in the context of FRS 102.
Accountancy Europe publish a briefing paper on Non-audit services and auditor’s independence
Accountancy Europe recently published a briefing paper on Non Audit Services and auditor’s independence.
IAASA’s inspection insight series - cash and cash equivalents
IAASA has published its key messages for auditors in the area of cash and cash equivalents
New IFAC Platform Offers Digital Access to International Accounting Standards
The International Federation of Accountants (IFAC) unveiled a new online resource
providing unprecedented access to the international standards that support and distinguish the accountancy profession.
From January 1st 2022 note the CPD Requirements for Statutory Auditors and New IAASA Guidelines
CPA members, affiliated partners and responsible individuals who are authorised by CPA Ireland as statutory auditors are reminded of their requirements to maintain their competence in audit through CPD.
For the remainder of 2021, remember your CPD!
Complimentary Trainee Recruitment Service
We are now in the final quarter of 2021, CPA Ireland practising certificate holders are reminded of their obligation under Bye Law 8, CPD, to complete sufficient structured and unstructured CPD.
2021 Deadline for Trainees to Register with CPA Ireland
The 2021 registration deadline to register as a student with CPA Ireland is 1 December.
Book a Virtual CPA Career Chat for Your Trainees
Is your practice ready to face the future of accounting? The accounting industry is rapidly evolving, and your practice will need dedicated professionals who are ready to evolve alongside the industry
The accountancy jobs market is now very much candidate driven and the existing skills shortage has been magnified by the after-effects of the pandemic.
Changes to your firm in 2021?
Have you made any changes to your firm in 2021, such as the retirement or addition of a partner, director or shareholder? Or perhaps you have incorporated your practice and are now practising through a corporate entity.