Running a Practice
All CIOT members are required to adhere to Member Rules and for those in practice there are some additional requirements to be aware of during the life cycle of the business.
Setting up in practice
The CIOT have prepared guidance for those setting up in practice as they start out on their journey. This includes a checklist which they can use to plan relevant issues.
It is important that members running their own practice keep up to date with Professional Standards requirements and guidance.
As well as referring to the requirements set out in Member Rules they may also find the following additional guidance of particular help:
- Alternates – appointing an alternate
- Barristers – instruction from Members
- Criminal Finances Act 2017
- Cyber security
- Deeds in Settling Tax Enquiries
- Engagement letters
- GDPR: FAQs
- HNW certificates
- Mortgage Lenders
- Penalties Checklist
- Penalties for enablers: FAQs
- Power of Attorney
- Research and Development Professional Standards
- Provision of Services Regulations
- Social media
Ceasing to be in practice
When ceasing in practice or retiring there are a number of areas which members need to be aware of. Refer to the following guidance