Tolley’s Library Fundamentals
Comprehensive Resources for Accountants.
Are you a small accountancy practice, a sole practitioner or a bookkeeper searching for a one-stop solution to manage your practice efficiently?
Are you in need of reliable UK taxation resources for accountants to stay up-to-date and remain compliant? Tolley’s Library Fundamentals is the answer.
Offering essential guidance in areas including tax planning, compliance, payroll, and practice management, Tolley’s Library Fundamentals is a long-standing, extensive, and respected resource—and one that’s available exclusively through your ICPA membership.
How ICPA Members Benefit from Tolley’s Library Fundamentals
Tolley’s Library Fundamentals is available exclusively to ICPA members. It provides members with respected, comprehensive and easy-to-use resources, tools, examples and policies to make both client servicing and practice management more efficient.
In addition to our other incredible benefits, an ICPA membership provides unlimited access to Tolley Fundamentals. Through the login we provide, you’ll be able to access the library at any time, with no limit on usage.
Become a member and you’ll benefit from bespoke professional guidance. In addition to tax and accountancy, this also includes areas such as AML, GDPR and payroll.
You’ll discover our short list of membership requirements, as well as details of the various membership packages we have available. Whether you’re a sole practitioner, a bookkeeper or a small accounting firm, you’ll find a package that’s right for you.
Don’t miss out on the opportunity to access Tolley’s Library Fundamentals and Elements. Join the ICPA today for all the tools you need to manage and grow your practice effectively
What is Tolley’s Library Fundamentals?
Tolley’s Library Fundamentals consolidates a wealth of critical information for accountants and bookkeepers into one accessible platform.
Used by 91% of the top 100 tax firms in the UK, Tolley+ Research has a deserved reputation as a trusted resource in the accounting industry. If you’re looking for UK taxation, accountancy, AML, GDPR and payroll resources for accountants that are credible and authoritative, Tolley’s Library Fundamentals has you covered.
It offers practical resources, commentary and guidance to aid your practice in a variety of ways, including:
Accountancy
- check_small Accountancy fundamentals for small practices.
- check_small This includes relevant accounting standards and model accounts, as well as Accounting Insights which deal with some of the more complex areas of accounting.
Taxation
- check_small Covering both direct and indirect taxes, this guidance explains all relevant taxes in both the personal and commercial spheres.
- check_small Subscribers have access to around 150 worked examples, covering everything from employee incentives to profit extraction.
Company & Commercial Law
- check_small This guidance covers the full lifecycle of a company, from formation through to dissolution.
- check_small It covers the Companies Act in a comprehensive but concise way, making it more accessible.
Payroll & Employment Law
- check_small Tolley’s Fundamentals provides you with everything you need to help your clients support their employees.
- check_small From contracts and employment rights through to worker legal status and redundancy, it also includes guidance and examples on running payroll.
Practice Management Tools
- check_small A curated collection of practice management resources for accountants, including policies and pro forma documents to help your practice succeed.
- check_small Areas covered include AML, GDPR, engagement letters, health & safety, bribery & corruption, grievance, equality, maternity/paternity rights, and internet/email.
Accountancy Standards and Tax Guidance for Small Practices
As an accountant, it’s vital to stay up-to-date with the latest changes to accounting standards and tax legislation. Failing to do so will not only affect the quality of service you provide to your clients – it could also have serious legal and regulatory consequences.
So, what is the best way to stay up-to-date with standards and legislation? Tolley’s Library Fundamentals can help.
Tolley’s Library provides a wealth of accountancy fundamentals for small practices. The Fundamentals menu is an accessible, comprehensive guide to accountancy rules and regulations, explaining Financial Reporting Standards – and how they apply to sole traders, partnerships and companies – clearly and accurately.
Within the Fundamentals menu, you’ll also find practical examples of accounting principles, allowing you to understand how they are used and interpreted in real-world scenarios.
In addition to comprehensive coverage of accounting standards, Tolley’s Library Fundamentals includes a range of tax and compliance tools that can help enhance the efficiency and accuracy of your day-to-day tasks. These resources include model accounts to work from, step-by-step practical templates to make a range of tasks easier, and tax planning tools to improve client servicing.
Payroll and Employment Law Resources
Payroll management and employment law can be complex to navigate. A combination of GDPR and data management, legislative changes, employee legal rights, contracts and more can make these areas a minefield.
Tolley’s Library Fundamentals provides practice management resources for accountants to keep you compliant.
Payroll resources included within Tolley’s Library Fundamentals cover the entire lifecycle of an employee. ICPA members benefit from practical information and guidance on every aspect of payroll management, as well as templates and examples to improve your processes.
These resources cover everything from PAYE to National Insurance and statutory payments.
Among the practice management resources for accountants that this resource includes are guidance, examples and templates covering employee rights, contracts, working hours, legal working status and redundancy procedures to keep your practice on the right side of employment law.
Comprehensive Practice Management Tools for Accountants
The smoother and more efficiently your practice runs, the more time and resources you will free up: effective practice management can allow you to better service your clients and help you to grow. Tolley’s Library Fundamentals includes many practice management resources for accountants that can make this task easier.
Through your ICPA membership, you have access to a range of practice management resources for accountants that will help in the day-to-day running of your practice and keep you compliant. These include engagement letter templates, AML procedures, GDPR policies, health & safety guidelines, anti-bribery & corruption tools, grievance procedures and equality information.
The pre-made policies available via Tolley’s Library can be modified to suit your own practice needs. This makes policy creation a quicker process while ensuring that you stay compliant, taking away some of the administrative burden from your practice. It also allows you to improve client services, providing them with the right documentation promptly and tailored to their needs.
How to Access Tolley’s Library Fundamentals
To access Tolley’s Library Fundamentals – and Tolley+ Research Support – simply sign up to become an ICPA member. Once you’re registered, we’ll provide you with login details for the platform, which also features user guides and help functionality.
How else can the ICPA help you?
There are plenty of ways in which you can benefit from being a member of the ICPA. Find out more below.
Frequently Asked Questions
Tolley’s Library Fundamentals is a vast library of practical resources, commentary and guidance to help accountants to run their practices efficiently and improve client servicing.
Tolley’s Library Fundamentals includes practical benefits and resources covering accountancy, taxation, company & commercial law, payroll & employment law, and practice management tools.
The practice management resources for accountants available through Tolley’s Fundamentals include engagement letter templates, AML procedures, GDPR policies, health & safety guidelines, anti-bribery & corruption tools, grievance procedures and equality information.
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