ICAEW Insights

In this episode of the ICAEW Insights podcast, we discuss upcoming changes to company size thresholds and what they mean for reporting requirements. Plus, with capital gains tax in the headlines, we explore the rules and restrictions when it comes to selling residential property.

Philippa Lamb is joined by Sally Baker, Head of Corporate Reporting Strategy, and Caroline Miskin, Senior Technical Manager in Digital Taxation.

Links

• ICAEW: By All Accounts: https://www.icaew.com/technical/corporate-reporting/corporate-reporting-resources/by-all-accounts
• ICAEW: TAXline: https://www.icaew.com/technical/tax/tax-faculty/taxline

Host

Philippa Lamb

Guests

• Sally Baker, Head of Corporate Reporting Strategy, ICAEW
• Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW

Producer

Natalie Chisholm

Episode first published: 10 May 2024
Podcast recorded: 1 May 2024

In this special bonus episode of Insights In Focus, we meet new ICAEW CEO Alan Vallance to discuss the leadership lessons of his career.

Alan is an ICAEW Chartered Accountant and joined the Institute as CEO in April 2024. His career has spanned various sectors and countries, as well as detailed experience in leading membership bodies RIBA and the Chartered Insurance Institute in recent years.

In this conversation with Philippa Lamb, Vallance shares how his career journey has shaped his approach to leadership – from qualifying as an ACA at Ernst & Whinney (now EY) to working in post-Soviet Hungary and his 15 years with Australia Post at a time of early digitalisation.

Links

• How the profession can embrace change, according to ICAEW’s new CEO: https://www.icaew.com/insights/viewpoints-on-the-news/2024/apr-2024/how-the-profession-can-embrace-change-according-to-icaews-new-ceo

Host

Philippa Lamb

Guest

Alan Vallance, CEO, ICAEW

Producer

Natalie Chisholm

Episode first published: 3 May 2024
Podcast recorded: 25 April 2024

In this Insights In Focus episode, we discuss how accountants can build the skills needed to take on leadership and executive roles during their careers.

In a recent report by the Financial Times, one anonymous headhunter was quoted as saying: “If America is run by lawyers, then the UK is run by accountants.” It’s backed up by the data, too: around one-third of today’s FTSE 100 CEOs have previously served as CFOs in their careers. But what makes finance professionals a good fit for the top spot? And what skills beyond financial prowess will help them make a success of it?

To answer those questions, host Philippa Lamb is joined by Sarah Walker-Smith, CEO of legal and professional services group Ampa; Joe Dubbin, Managing Director of executive search firm Cripps Leadership Advisors; and Melanie Coeshott, career coach and mentor at Blue Diamond.

Links

• ICAEW Academy: https://www.icaew.com/learning-and-development/academy
• ICAEW: The Tax Track podcast: https://www.icaew.com/insights/podcast/the-tax-track
• ICAEW Student Insights podcast: https://www.icaew.com/insights/student-insights/podcast

Host

Philippa Lamb

Guests

• Sarah Walker-Smith, CEO, Ampa
• Joe Dubbin, Managing Director, Cripps Leadership Advisors
• Melanie Coeshott, career coach, Blue Diamond

Producer

Natalie Chisholm

Episode first published: 17 April 2024
Podcast recorded: 12 April 2024

In this episode, we discuss why the arrival of the 2024/25 tax year is particularly busy for accountants, and the main changes to be aware of from 6 April. Plus, six months on from the passing of the Economic Crime and Corporate Transparency Act, we learn what progress has been made to enact its various provisions.

To shed light on those two topics, Philippa Lamb is joined by Stephen Relf, Technical Manager, Tax, and Sally Baker, Head of Corporate Reporting Strategy.

Links

• ICAEW: The Tax Track podcast: https://www.icaew.com/insights/podcast/the-tax-track
• ICAEW: Tax changes taking effect from April 2024: https://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2024/tax-changes-taking-effect-from-april-2024
• ICAEW: Economic crime hub: https://www.icaew.com/technical/trust-and-ethics/economic-crime
• Economic Crime and Corporate Transparency Act 2023: the story so far: https://www.youtube.com/watch?v=UAZWpeLR_T0

Host

Philippa Lamb

Guests

• Stephen Relf, Technical Manager, Tax, ICAEW
• Sally Baker, Head of Corporate Reporting Strategy, ICAEW

Producer

Natalie Chisholm

Episode first published: 5 April 2024
Podcast recorded: 26 March 2024

In this Insights In Focus episode, we discuss how changes to the funding of British farms could affect the UK’s broader economic resilience.

As a result of Brexit, British farms will stop benefiting from the EU Common Agricultural Policy by the end of 2027. The policy paid subsidies largely regardless of land use. Now, farmers need to transition to new schemes established by the UK’s devolved administrations. These require farms to meet environmental requirements such as hedge management, rewilding and tree-planting, which critics say will have a negative impact on food production and reduce the UK’s resilience to market shocks.

To discuss the future of British farming, host Philippa Lamb is joined by David Missen, consultant at Larking Gowen, and Roseanne Bennett, partner at Greaves West & Ayre.

Links

• ICAEW Farming & Rural Business Community: https://www.icaew.com/technical/farming-and-rural-business

Host

Philippa Lamb

Guests

• David Missen, consultant, Larking Gowen
• Roseanne Bennett, partner, Greaves West & Ayre

Producer

Natalie Chisholm

Episode first published: 22 March 2024
Podcast recorded: 11 March 2024

In this Insights In Focus episode, we discuss the contents of the 2024 Spring Budget and their likely impacts on the UK economy.

The Spring Budget was delivered against the backdrop of recession and persistent inflation. While the Chancellor had better-than-expected headroom for delivering tax cuts, the UK economy and its public finances are still navigating a difficult road to recovery. And, with a general election taking place within the year, will anything announced on 6 March have an impact on public sentiment?

Host Philippa Lamb breaks down the Spring Budget with Iain Wright, ICAEW Managing Director, Reputation and Influence; Frances Haque, Chief Economist at Santander UK; and David Williamson, Political Editor of the Sunday Express.

Links

• ICAEW: Spring Budget 2024: https://www.icaew.com/technical/economy/spring-budget-2024
• ICAEW Manifesto 2024: https://www.icaew.com/technical/economy/manifesto-2024
• ICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor
• ICAEW Resilience and Renewal hub: https://www.icaew.com/technical/economy/resilience-and-renewal

Host

Philippa Lamb

Guests

• Iain Wright, Managing Director, Reputation and Influence, ICAEW
• David Williamson, Political Editor, Sunday Express
• Frances Haque, Chief Economist, Santander UK

Producer

Natalie Chisholm

Episode first published: 8 March 2024
Podcast recorded: 7 March 2024

In this Insights In Focus episode, we catch up with ICAEW Chief Executive Michael Izza ahead of his stepping down from his role later this month.

Izza has been with ICAEW since 2002 and Chief Executive since 2006. In that time, he’s steered the Institute through the global financial crisis, the pandemic and the early stages of a global technological revolution.

Host Philippa Lamb discusses with Izza the fresh challenges and opportunities facing the profession, as well as what he will be taking away from his time at ICAEW.

Links

• ICAEW Insights: https://www.icaew.com/insights
• ICAEW Manifesto 2024: https://www.icaew.com/technical/economy/manifesto-2024
• ICAEW - Alan Vallance announced as new ICAEW Chief Executive: https://www.icaew.com/insights/viewpoints-on-the-news/2023/oct-2023/alan-vallance-announced-as-new-icaew-chief-executive

Host

Philippa Lamb

Guest

Michael Izza, Chief Executive, ICAEW

Producer

Natalie Chisholm

Episode first published: 1 March 2024
Podcast recorded: 22 February 2024

In this episode, we discuss how firms can maintain momentum on the International Standard of Quality Management, as well as changes in preparation and filing as a result of the Economic Crime and Corporate Transparency Act. We also hear about ICAEW’s new podcast, The Tax Track, and changes to the Engaging in Public Practice certificate.

Philippa Lamb is joined by Alex Russell, Head of Audit and Assurance Strategy; Sally Baker, Head of Corporate Reporting Strategy; Lindsey Wicks, Senior Technical Manager for Tax Policy; and Chris Greenhalgh, Manager in Professional Standards.

Links

• ICAEW - Quality management in audit firms: https://www.icaew.com/technical/audit-and-assurance/audit/quality-management-in-audit-firms
• ICAEW Corporate Reporting faculty: https://www.icaew.com/groups-and-networks/faculties/corporate-reporting-faculty
• ICAEW - By All Accounts: https://www.icaew.com/technical/corporate-reporting/corporate-reporting-resources/by-all-accounts
• Changes to accounts preparation and filing requirements: https://www.icaew.com/insights/viewpoints-on-the-news/2024/jan-2024/changes-to-accounts-preparation-and-filing-requirements
• ICAEW - The Tax Track podcast: https://www.icaew.com/insights/podcast/the-tax-track
• ICAEW - TAXline: https://www.icaew.com/technical/tax/tax-faculty/taxline
• ICAEW - Practising certificates: https://www.icaew.com/technical/practice-resources/practising-certificates

Host

Philippa Lamb

Guests

• Alex Russell, Head of Audit and Assurance Strategy, ICAEW
• Sally Baker, Head of Corporate Reporting Strategy, ICAEW
• Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW
• Christopher Greenhalgh, Manager, Professional Standards, ICAEW

Producer

Natalie Chisholm

Episode first published: 9 February 2024
Podcast recorded: 5 February 2024

In this Insights In Focus episode, we discuss the future of audit and corporate governance reform.

Back in May 2022, after years of reviews and consultations, the government announced its plans for reform. The key proposals included the area of a new audit regulator, a wider definition of public interest entities, and ensuring that FTSE 350 firms would not be wholly reliant on the largest audit firms.

However, nearly two years on, very little has changed. Corporate governance reform was quietly dropped by the government in October 2023, and audit reform was notably absent from the King’s Speech the following month. So, what happens now?

Host Philippa Lamb is joined by Iain Wright, ICAEW Managing Director of Reputation and Influence; Darren Jordan, Partner at Moore Kingston Smith; and Maria Kepa, EY Director in Corporate Governance.

Links

• ICAEW Audit and Assurance hub: https://www.icaew.com/technical/audit-and-assurance
• ICAEW - Working in the regulated area of audit:https://www.icaew.com/regulation/working-in-the-regulated-area-of-audit

Host

Philippa Lamb

Guests

• Iain Wright, Managing Director, Reputation and Influence, ICAEW
• Darren Jordan, Partner, Moore Kingston Smith
• Maria Kepa, Director, Corporate Governance, EY

Producer

Natalie Chisholm

Episode first published: 1 February 2024
Podcast recorded: 26 January 2024

In this Insights In Focus episode, we discuss what 2024 is likely to bring for businesses and their accountants.

Beyond a Spring Budget and elections on both sides of the Atlantic, there are few certainties for the coming 12 months. Looking at ICAEW’s Business Confidence Monitor and forecasts from the Office for Budget Responsibility and the Bank of England, 2024 is likely to be another challenging year of low growth and weak business and consumer sentiment. As with recent years, uncertainty is set to be the only constant.

A year on from making their predictions for 2023, host Philippa Lamb is again joined by Iain Wright, ICAEW Managing Director, Reputation and Influence; Frances Haque, Chief Economist at Santander UK; and David Williamson, Political Editor of the Sunday Express.

Links

• ICAEW Business Confidence Monitor: https://www.icaew.com/technical/economy/business-confidence-monitor
• ICAEW Resilience and Renewal hub: https://www.icaew.com/technical/economy/resilience-and-renewal

Host

Philippa Lamb

Guests

• Iain Wright, Managing Director, Reputation and Influence, ICAEW
• David Williamson, Political Editor, Sunday Express
• Frances Haque, Chief Economist, Santander UK

Producer

Natalie Chisholm

Episode first published: 15 December 2023
Podcast recorded: 11 December 2023