PROFESSIONAL STANDARDS BLOG: PI PITFALLS

Normal insurance such as home and car insurance is written on a claims occurring basis. This means that regardless of when a claim is made against a client it is the responsibility of the insurer who covered them at the time the negligence or loss occurred that has to pay the bill.

Professional Indemnity is different; it is written on a claims made basis. It is the insurer who covers the client on the day the claim is actually notified against them that has to pick up the bill.

WHAT YOU NEED TO KNOW ABOUT STAGING DATES

The first thing accountants should be clear about when approached by an employer is what and when their staging date is. The staging date is the date set in law and is when an employer’s legal duty to implement automatic enrolment comes into force. 

The staging date is based on the number of persons in an employer’s largest PAYE scheme. This number is based on the information held by the regulator from HMRC at 1 April 2012 and not on current staff numbers.

BECOME A GROWTH VOUCHER ADVISER

AIA members are eligible to become Growth Voucher Advisers under the Government's Growth Voucher scheme, have you signed up yet? The programme helps small businesses get strategic business advice and is an ideal opportunity for you to develop your practice and support small business.

Once you have been approved as a Growth Voucher Adviser, there is a range of help and advice to assist you in making the post of your position. You're encouraged to use the Growth Voucher logo and link to your profile on the Enterprise Nation Marketplace.

PREPARATION OF ACCOUNTS FOR CHARITIES SEMINAR

AIA Members in Practice can carry out independent examination of charities with a gross income of between £250,000 and £500,000.

AIA has organised a 'Preparation of Accounts for Charities' seminar to update members on the latest developments from The Charity Commission. The seminar will cover common issues and problems, transparency and consistency, the Trustee Annual Report and the new regulatory approach.

MAY ENROLMENT NOW OPEN FOR AIA ACHIEVE

AIA is pleased to announce that you can now enrol on our distance learning course, AIA Achieve, for the May 2015 exam session. The course offers a route of study through the AIA's Professional Qualification and also through the AIA's QCF route. AIA Achieve is ideal for students who are studying away from a college or university but would still like the extra support and feedback that will help them to pass their AIA exams. 

 

1
2
3
4
5

NEWS

23 October 2014
IF

The Minister for Finance, Michael Noonan T.D, today (23rd October 2014) published Finance Bill...

23 October 2014

Global economic recovery still beset by downside risk, top official says.

23 October 2014
CH

The number of new companies being incorporated is on track to set a post-recession record in...

23 October 2014

China's outbound direct investment is expected to grow 10 percent annually...

TWEETS