WBV Chartered Accountants’ Post

After spending a wonderful weekend with friends and family, it’s reminded me that I owe a huge thank you to everyone who has helped and supported me on my journey to earning my Diploma in Regulated Financial Planning, especially everyone involved with the trainee program at Mattioli Woods plc.   So, thank you! 😁   Now, the real work begins. 🚀 #FinancialPlanning #FinancialAdvice #Wealthmanagement #CII #ProfessionalDevelopment

Dear All, Please do not forget to include the tainees in outside practice also, in your debate. Where these trainees are not even provided with the required training (as no culture exist) and now more and more industries are rushing to register themselves to secure an opportunity to have so called "sasti labour". And in the end these companies themselve not even consider them fit to be hired (even when the job is available, they prefer hiring from outside) and throw them like an extra baggage and the process goes on. The atrocities of those trainees are even more due to limited exposure and career growth. #ICAP #CAF #CA_Trainee #CA #Professional_Development #Motivation

Protect Your Business from Hidden Gratuity Liabilities: Know the Difference Between Trainees and Apprentices!!!! . . Many employees who have undergone training or apprenticeships are left confused about their eligibility for gratuity under the Payment of Gratuity Act, 1972. Are all trainees excluded from gratuity? How do you differentiate between a "trainee" and an "apprentice"? 👨⚖️ The Judgment 👩⚖️ In Steel Authority of India Limited IISCO Steel Plant vs. Md. Mohiuddin & Ors. (2024 LLR 831), the Calcutta High Court clarified that not all trainees are excluded from gratuity benefits. The court ruled that only those undergoing "apprenticeship training" under a formal contract of apprenticeship as defined in the Apprentices Act, 1961, are exempt from gratuity. Others, even if labelled as trainees, are considered employees under the Payment of Gratuity Act. 🔑 Key Insights for Employers and Employees: Not all trainees are apprentices. A person can only be considered an apprentice if they are undergoing specific training as per a contract under the Apprentices Act. Trainees are employees, too. Trainees not covered by the Apprentices Act are entitled to gratuity under the Payment of Gratuity Act, 1972. No break in service. If a trainee is absorbed into the job without a break post-training, the period of training is counted towards continuous service, making them eligible for gratuity. ✔ Solution for Employers 1. To avoid future compliance issues related to gratuity, it’s essential to clearly differentiate between apprentices and trainees right from the hiring stage. When hiring apprentices, ensure they are employed under a legally recognized Apprenticeship Contract as per the Apprentices Act. This way, their tenure won’t be considered for gratuity calculations. 2. For trainees or employees undergoing training without an Apprentices Act contract, always document their status and training duration transparently in their employment terms. Also, review the employment agreement periodically to confirm that the categorization aligns with applicable labor laws. By taking these steps, employers can effectively manage gratuity liabilities and prevent disputes down the line. Regularly consulting with compliance experts and conducting internal audits can further mitigate risks and help maintain a smooth operation. #GratuityRights #ApprenticeVsTrainee #PayrollCompliance #LabourLaw #PayrollExpert PS: My focus is on helping employers take the right steps so they won’t face the burden of statutory liabilities.

Respected Inam ul Haque FCA , For the past few days, there has been controversy surrounding your post. I agree with one aspect of your post: the value of money should not be the primary concern if we aim to grow as professionals. However, the post lacks appreciation and praise for the hard work of trainees during the current economic crisis. I have a few questions: How much has the price index increased? Is anyone providing ad hoc allowances to the students? Do we arrange free coaching facilities for these trainees? Does we adjusted the Credit leaves or pay wages for over work? There are numerous questions to consider. While #ICAP does provide minimum stipend rates for trainees, the bylaws typically do not specify a maximum stipend rate. We adhere to the minimum rate defined by ICAP but do not agree to pay a higher rate, even though there is no restriction against it. I strongly urge us to understand the difficulties faced by CA trainees and to create a culture that provides them with their rightful incentives. Thank you. #ICAP #CAF #CA_Trainee #CAPakistan #CA #Professional_Development #Motivation

🥁 And the results are in!🥁 20 out of 22 of our Academy apprentices have passed their second AAT exams. We are so happy with the 90.9% pass rate! We know how hard you all work and are so happy to have you as part of the team! More results are to come but we couldn't wait to share the good news! 🎉 #Accountacy #Apprentices #ExamResults

From Ledger to Leader: Celebrating the GAPA Students Who Are Adding Success to Their Balance Sheets! 🎓 Here's what some of our talented GAPA students have to say about their journey so far through the Accounts Program: Whether you're aiming for CA Foundation or seeking a financially-rewarding career, GAPA is your stepping stone! 🚀 ... #GAPA #Financeinstitute #Careergrowth #Successstories #Skilldevelopment #accountancy Suchi K. Kothari Nisha Ghelda

How much time does your management spend on paperwork for Trainees and Apprentices? How many times have you had to chase up the RTO for modules, or try to get your apprentices into TAFE? Are you aware of the actual cost to the business, when you account for the precious minutes that your team spends managing this? If you haven't considered this, I would strongly recommend doing a cost-benefit analysis. When you realise that it's a LOT of time, and #time is #money, reach out! Protech Group GTO uses our 10-step quality process, delivering the highest quality candidates, but we also manage the training of your apprentices and trainees, giving you time to work ON the business, and not IN it. #apprentices #trainees #GTO #RTO #training #costbenefit

🌟 Reflecting on My AAT Journey 🌟 As I look back on my AAT training, I can’t help but feel immense gratitude for the invaluable skills and knowledge I’ve gained. The Association of Accounting Technicians (AAT) program has truly been a game-changer in my professional development. 🔍 Key Takeaways:        1.     Practical Skills: From bookkeeping to financial management, the hands-on experience has equipped me with the essential tools to excel in the accounting field.        2.     Industry Insight: The AAT curriculum provided deep insights into the latest industry practices, preparing me to tackle real-world challenges with confidence.        3.     Career Advancement: With my AAT qualification, I’ve unlocked new career opportunities and am now better positioned to make strategic contributions to my organisation.        4.     Networking Opportunities: Being part of the AAT community has allowed me to connect with like-minded professionals and build a supportive network. I highly recommend the AAT program to anyone looking to advance their career in accounting. It’s a solid foundation that opens doors to countless possibilities and has helped me develop and grow my role at CITI Limited. #AAT #Accounting #ProfessionalDevelopment #CareerGrowth #Grateful

Hi All, something in the nature of a PSA recommendation from a disillusioned old bloke who is 30 odd years into his insurance apprenticeship. If you are broking workers compensation insurance in WA I highly recommend that you do, at the very least, a simple mail out to all of your clients with that coverage reminding them of the importance of pre-employment medicals. The new legislation changes are without question going to wipe out a significant number of smaller trades style businesses (and some bigger ones) over the next couple of years, and for the sake of an hours drafting and an annoying mass email (I detest mass emails) you could potentially save your clients from being in that number. Hold strong through June and have a great week. If you are an employer in Western Australia: 1. Before employing anyone get a full medical history from them, signed. 2. Before employing anyone get an independent medical assessment completed at your own expense. 3. Before employing anyone don't just phone their references, get all of the information you can. All of it. Be excellent to each other!

As dawn breaks over London skyline 🏙️ I am still in utter shock, disbelief and above all this overwhelming feeling of appreciation. Appreciation for: 🤍 my whole heart Ryan Jenkins ACIM for embracing my dream and seeing it as his own, you are my hero ⭐️ My family & the people who beleived in me and circle around me always. You know who you are - thank you 🙏 ⭐️ To the AAT community - thank you for being a governing body who truly cares for their members. 💚🌍 ⭐️ To the people who had doubts, thank you for solidifying that choosing me, was the right choice. ⭐️ To founding NOEXSPENCE - trust me you have seen nothing yet! Hold tight. 🚀 ⭐️ To my ICS Learn family - thank you for supporting me through my studies and for my tutor understanding my sometimes extremly late night submissions of assignments. ⭐️ To every single student and inspiring accountant out there who sometimes has doubts, second guessing or feels lost. I see you, I appreciate you and please, please keep going. & finally to ME - Julie, you did it. In the face of adversity you choose yourself. You are enough. You always have been. It’s time to beleive and trust the process. You’ve got goals to tick of that list - let’s get to work 🫶 #AAT #AWARDS #AATQB #ONETOWATCH #LEARNERMINDSET