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ICAEW will monitor compliance with its tougher CPD rules through sample checks on individual members and firms, focusing on support and guidance rather than penalties. Non-compliance will require corrective action, and firms’ CPD systems will undergo reviews to ensure adherence.

Using international tax accountants offers key benefits: they bring expertise in navigating complex global tax laws, help maximise profitability through effective tax planning, ensure compliance across multiple jurisdictions, and reduce risks such as double taxation and financial penalties.

Accountants can achieve better work-life balance by addressing excessive workloads through flexible working policies, international outsourcing, and innovative scheduling solutions. Employers should urgently review procedures to align with new legislation, enhancing morale, retention, and business effectiveness.

High-street presence remains vital for accountancy firms, fostering trust, reliability, and personalised service. Despite a shift towards remote work and online services, physical locations ensure accessibility, supporting small businesses and playing a crucial role in local economies and client relationships.

Develop a successful onboarding programme by starting with pre-boarding, creating a positive first day, providing tailored training, integrating company culture, and offering ongoing support. Continuously gather feedback and refine the process to boost new hire productivity and retention.

AI is poised to boost the UK economy and create jobs, particularly in accountancy. However, challenges like data quality, ethical concerns, and skills shortages could hinder widespread adoption, despite accountants' optimism about AI's potential benefits.