Jen on Remote Training & Professional Development at LHP

Author: Jennifer Ship, LHP Accountant (AATQB)

All of the staff at LHP are keeping up with their continued professional development (CPD), thanks to the 2020 Group. This week we have been getting up to date on the latest Money Laundering training and Practice Assurance was the topic. Our learnings will enable the accountancy team at LHP to advise our clients on new legislation and changes in the technological landscape in the government, plus also social and lifestyle changes. At LHP we are all supported throughout our careers to gain accountancy and cloud accountancy qualifications in the workplace, which at the end of the day only benefits the client more.

It’s a really collaborative team here at LHP, we all bounce off each other and share our knowledge and expertise. The team is growing fast, and more and more businesses are moving to cloud accounting. We’ve seen a 20% increase in cloud software subscription signups at LHP in the last year, and in the past 3 years our team has doubled in size. Some of this is down to the new ways of working that people are doing today. Cloud Accounting is very versatile with any-time, any-device, any-place benefits.

Zoom Training for Clients

Zoom webinars for educators have given us the tools to train clients via Zoom and reduce face-face contact during the Covid pandemic while continuing the personal relationships and high level of support we offer at LHP. We have found that during the pandemic, Zoom has been a great way to connect with people and to provide training and networking through. We also work closely with the local Carmarthen Focus Hub, a government funded enterprise that provides support for businesses in Carmarthen, with talks on finance, digital tax compliance, business planning and more. Our directors do webinars for farmers on relevant tax matters and Making Tax Digital – the list goes on.

Supporting Clients with Making Tax Digital

We urge clients to contact us should they need any training on software for accounting as Making Tax Digital (new UK law) continues to come into effect for large groups of businesses in the coming year. All VAT registered by 2022 and all other businesses turning over £10k+ for the following year (2023). UK businesses by law will be required to do their tax returns and accounts in the cloud with software such as Xero, QuickBooks and Sage. We are official partners of these software providers – in fact we are a Xero Platinum Partner. When it comes to cloud accounting we provide full support and training and low monthly fixed fees. We find that regardless of the need to avoid penalties, businesses prefer running their finances in the cloud.

Let’s Talk

For any training needs or to make the move to digital accounts, please don’t hesitate to contact our team on info@lhp.co.uk or drop us a message on the Let’s Talk page. Our 70-strong team of specialist cloud accountants is based across South Wales. With offices in Carmarthen, Cross Hands near Swansea, Haverfordwest, Tenby and Lampeter and with over 85 years’ experience in supporting businesses with finance and advisory services, you are in safe hands. We are happy to discuss the options with you – and you can decide for yourself if this sounds good.