AML & client due diligence
The anti-money laundering terms your supervisor expects you to evidence.
9 terms
39 terms explained
UK accounting and compliance glossary
Plain-English definitions of the AML, Companies House, HMRC and practice management terms UK accountants and bookkeepers deal with every week — with what each one means for how you run the work.
Companies House & company law
Filing, identity verification and company record terminology.
8 terms
Tax, HMRC & agent access
Agent authorisation, filing regimes and HMRC service names.
14 terms
Practice management & economics
Workflow, capacity and the numbers that describe a firm's health.
8 terms
Every term, A to Z
A
ACSPAuthorised Corporate Service Provider
A Companies House registration that lets a supervised firm verify identities and file on behalf of clients.
Agent authorisation
HMRC's permission for a firm to act for a client on a specified tax.
AMLAnti-money laundering
The rules, checks and records that stop a practice being used to handle the proceeds of crime.
ARDAccounting reference date
The date a company's financial year ends, which drives its accounts filing deadline.
ASAAgent Services Account
The HMRC account agents use for newer services such as MTD, trust registration and CIS.
Auto-enrolment
The duty to enrol eligible workers into a workplace pension and pay minimum contributions.
C
Capacity
The amount of client work a team can complete in a period, given available chargeable hours.
CDDCustomer due diligence
Identifying and verifying who your client is, who owns them, and what work you are being asked to do.
CISConstruction Industry Scheme
A scheme requiring contractors to deduct tax from subcontractor payments and file monthly returns.
Confirmation statementCS01
An annual Companies House filing confirming that a company's registered information is up to date.
Corporation TaxCT600
Tax on company profits, reported on form CT600 within 12 months of the period end.
E
ECCTAEconomic Crime and Corporate Transparency Act 2023
The Act that gave Companies House new powers, introduced identity verification and created the ACSP regime.
EDDEnhanced due diligence
The extra checks required where a client or engagement carries higher money laundering risk.
Engagement letter
The written agreement setting out the services, responsibilities, fees and terms between firm and client.
L
M
P
Payments on account
Two advance instalments towards a Self Assessment liability, due 31 January and 31 July.
PEPPolitically exposed person
Someone entrusted with a prominent public function, or their close family and associates.
Professional clearance
Contacting a client's previous accountant before accepting an engagement.
PSCPerson with significant control
Someone who ultimately owns or controls a company, recorded on the Companies House PSC register.
R
S
SARSuspicious Activity Report
A report to the National Crime Agency where you know or suspect money laundering or terrorist financing.
Self AssessmentSA100
The HMRC system by which individuals report income and pay tax, filed online by 31 January.
Strike offDissolution
Removal of a company from the register, either voluntarily or compulsorily by Companies House.
U
V
Built for UK practice growth
Every deadline. Every client. One system.
Start with the workflows that cause the most chasing, then bring leads, AML, proposals and clients into the same calm operating system.
Why recording every task matters in an accountancy practice
Accounting firms run on deadlines: VAT returns, payroll, confirmation statements, accounts and Self Assessment. Recording every job as a task, with an owner and a date, is the simplest way to make sure nothing is missed.
Avoid penalties
HMRC and Companies House charge penalties for late filing. A task for every deadline, with an internal date before it, gives the team a buffer.
Nothing depends on memory
Recorded tasks mean work continues when someone is off sick, on leave or has left the firm.
Consistent quality
Subtask checklists make every job follow the same steps and reviews, whoever does the work.
Visibility for managers
Filters by owner, status and deadline show at a glance what is late, what is due and who needs help.
Practical tips from UK practice
- Set an internal deadline two to four weeks before every statutory deadline.
- Use recurring tasks for repeat work such as VAT, payroll and bookkeeping.
- Break larger jobs into subtasks, including a review step.
- Comment on the task instead of by email, so the history stays with the work.
Related Remindoo features
Written and reviewed by Waqas Sagar ACA FCCA FMAAT, Chartered Accountant with 18+ years in practice. Founder and MD of Accotax, an ICAEW, ACCA and AAT regulated London practice that has served over 5,000 clients, and founder of Remindoo. Guidance is general; check current GOV.UK and professional body guidance for your firm.
What UK practices say about Remindoo
Read all reviews on Trustpilot“With Remindoo, everything from the first enquiry to onboarding and ongoing client management is tracked in one place… It saves us hours and gives me, as a practice owner, complete visibility of where the firm stands.”
“The biggest benefit is having clients, tasks, deadlines, workflows, proposals and communication all organised in one place.”
“During my trial, the team were absolutely amazing. They helped onboard my clients, set up my settings and made sure everything was ready for me to use… they made the whole process completely stress-free.”
“It brings client information, tasks, recurring deadlines, workflows and reminders together in one place, giving us much better visibility across the team.”
