Continuing professional development (CPD) in accounting and tax refers to the process by which accountants and tax professionals maintain and enhance their knowledge and skills in their respective fields. This can include staying up to date on changes in tax laws and regulations, learning about new accounting software and technologies, and participating in training and educational programs. CPD is typically required for accountants and tax professionals to maintain their professional licenses or certifications, and may be mandated by professional associations or regulatory bodies.
CPD can take many forms, including attending workshops and seminars, participating in online courses and webinars, and engaging in self-directed learning activities. Many professional associations and regulatory bodies offer CPD programs and resources to help their members meet their CPD requirements.
Overall, CPD is an important part of being an accountant or tax professional, as it helps to ensure that you have the knowledge and skills necessary to provide the best possible service to your clients. It can also help you stay competitive in your field by keeping you up to date on the latest developments and best practices.