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Speaker: Bob Trunchion - £85 plus VAT CPD 3

Objectives

In this litigious age, all accountants must give thought to year end planning.They will be looking to see what advantages can be obtained in those final days / weeks before the end of the year especially after all the myriad of changes coming from Making Tax Digital (MTD), Brexit, The Autumn Statement 2016 and draft FB 2017 as well as all the changes to cash extraction from last year. This course will consider what one has to and what one ought to do at this time of year and how one might be able offer extra services to clients. Incorporation will receive some mention but not much in the light of the matter being covered in the other part of the day.

Content

  • Business tax issues
  • Personal tax (including pension matters)
  • Cash extractions – directors remuneration, dividends, and other benefits
  • Using CGT and IHT reliefs and any planning that needs to be done
  • Utilising trading and capital losses
  • Should and how we might want to deal with “Brexit” for those clients already trading or importing materials abroad or just thinking about it
  • Starting to think about MTD (remembering that this is being dealt with properly in a later Offa Course)
  • Negligible value claims and setting capital losses against income
  • Other reviews (Powers of Attorney, Wills and Estate planning and investment profiles etc) for consideration
Speaker: Bob Trunchion - £85 plus VAT CPD 3

Objectives

With all the recent tax changes (particularly Dividends), the traditional question as to whether to incorporate a business has become increasingly difficult to answer. In this litigious age, limited liability is increasingly important, but what are the tax consequences of obtaining this. This course covers the problem of which is the best structure (or is there one?) for the family or small business. It then looks at the best way of getting there after all the recent changes such as the changes to goodwill for CGT and CT amortisation. This practical course looks at the pitfalls and planning points which arise, using case studies to illustrate points.

Content

  • Should we incorporate for other reasons and when is tax the driver?
  • Break even point for incorporation
  • Would it be better to disincorporate and why
  • If we do disincorporate, how do the new transactions in securities rules work?
  • The tax cost of the proprietor’s car and other cash extraction matters (including pensions)
  • CGT on incorporation – s162 and s165 TCGA relief again?
  • CGT and the new Disincorporation relief – where are we now C16 is no more?
  • The existence and valuation of goodwill and other intangibles transferred after the changes
  • VAT and SD/SDLT implications – TOGC etc
  • Alternative structures, including the use of a LLP
  • How about a group?
  • And, the old hot potato of tax efficient extraction of profits
  • and the problems of IR35 etc
Speaker: Neeta Vora - £85 plus VAT CPD 3

Objectives

Employment Status considerations and IR35 continue to be a very grey and contentious area. We will be discussing how employment status is determined, the impact of potential changes and the future for personal service companies, subcontractors and employment status. The introduction of Onshore/Offshore Intermediaries Legislation on 6 April 2014 was a monumental change with new reporting requirements effective from 6 April 2015. The amended legislation does not exclusively impact agencies and umbrella companies, it could impact you and your clients. We will be discussing the impact of this legislation, how you can protect your position and your clients’ position, and the future for those using intermediaries. Over the last 24 months we have seen HMRC step up their game. We will equip you with the tools needed to prepare a defence and protect your clients should HMRC open an enquiry, giving you an insight into some of the tactical approaches used in practice.

Content

  • Review of employment status
  • The intermediaries legislation
  • CIS and subcontractors
  • Practical tips to protect clients
Speaker: Giles Mooney - £85 plus VAT CPD 3

Objectives

This course will cover the main tax planning areas that are relevant to the tax affairs of individuals and their families. It will highlight pitfalls that must be avoided majoring on developments in the last twelve months or so. The course will cover the planning points that apply to individuals both in their personal capacities and as directors or shareholders of family companies.

Content

  • Taxation and the family
    • Husband and wife
    • Children, including the higher rate charge on child benefit
    • Use of trusts
  • Personal investments
    • Tax efficient investments
    • Pensions
  • Director/shareholder tax
    • Husband and wife companies
    • Benefits in kind
    • Extracting profit from the family company
  • Capital taxes
    • The maximisation of capital gains tax reliefs
    • Essential inheritance tax planning
Speaker: Giles Mooney - £85 plus VAT CPD 3

Objectives

In recent years there have been a number of tax cases which have helped clarify our understanding and application of legislation and better understand HMRC’s interpretation of law. From understanding employment benefits to capital loss claims, the development of precedent is, in many ways, more important than the development of the legislation itself as it brings together the taxpayer, the Revenue’s interpretation and the law itself. This seminar will consider the implications of court and tribunal cases to SMEs, companies, employers and wealthy individuals and the opportunities they present for tax planning and the importance of getting tax right.

Content

This will be drawn from the vast collection of important cases covering all the major taxes and will include recent important decisions of note.
Speaker: Shan Hughes - £75 plus VAT CPD 3

Objectives

To ensure participants are aware of current payroll issues and forthcoming changes. This course is suitable for those participants who have a reasonable working knowledge of payroll issues.

Content

  • Forthcoming changes to PAYE and NI
  • RTI update including year end procedures
  • Review of statutory payments and payrolling benefits
  • Pensions auto enrolment compliance and penalties update
Case studies may be used as appropriate.
Speaker: Shan Hughes - £75 plus VAT CPD 3

Objectives

This course is suitable for those participants who have a basic understanding of VAT. As a guide it will normally be suitable for those participants who have been in practice for between 24 and 36 months. It is not suitable for partners or managers with extensive experience in VAT matters or those who have attended this course previously. The aim of the course is to ensure that participants can deal confidently with day to day VAT issues. The course highlights some of the key areas people get wrong when completing or reviewing their clients’ VAT records.

Content

  • Review of day to day issues, such as credit notes, bad debts, part exchanges, entertaining costs, vehicles and related expenses, etc
  • Review alternative VAT schemes, such as flat rate and cash accounting
  • Case studies and quizzes may be used to illustrate key areas.
Speaker: Bill Telford - £85 plus VAT CPD 3

Objectives

For many, years ending on or after 1 January 2016 will be the first accounts they prepare under new UK GAAP. This seminar will consider the practical experience of the first two years to steer delegates through the practical problems of applying new UK GAAP.

Content

  • Full, filleted, abridged or abbreviated – applying the company law preparation and filing rules
  • Making sure you get the right accounting policies
  • Properly applying the transitional exemption choices
  • Explaining transition
  • Issues in specialised entities
  • The bits of the standard which have caused the problems
    • Interest free loans – the latest position
    • Foreign currency transactions
    • Deferred tax
    • Intangibles
    • Problems in group accounts
    • Valuations in practice – double entry, deferred tax and audit issues
Speaker: Bill Telford - £85 plus VAT CPD 3

Objectives

On this course we will review latest cases involving tax law and GAAP and consider the latest guidance from HMRC and others on the practical impact on the tax computation of changes in tax law and new UK GAAP.

Content

  • Recent tax cases involving interpretation of UK GAAP and tax law
  • The tax computation and the changes in taxable profit
  • Adjustments required in the tax computation caused by the changes in GAAP
  • Changes in tax law and the tax computation
  • The problem areas, including
    • Interest free loans
    • Derivative financial instruments and the Disregard regulations
  • Working with HMRC on transition
  • Deferred tax computations in practice
Speaker: Rebecca Bennyworth - £85 plus VAT CPD 3

Objectives

This course will look at current topical tax issues for smaller practitioners and their clients. The exact content will in part depend on announcements in the run up to the date of the course, including the new Chancellor’s first Budget. We also have a number of changes coming through which were announced in 2016.

Content

The content will include:
  • Review of tax of the self employed – recent changes, planning points, current issues, incorporation numbers
  • Taxation of landlords – a roundup of the current issues; restrictions on interest starting in 2017, impact on tax payment and other issues, possible tax advice strategies
  • Taxation of small companies – recent changes, profit extraction strategies
  • Key tax administration changes
  • Autumn statement 2016 and Budget 2017 announcements that will affect clients and any immediate planning issues arising
Speaker: Rebecca Bennyworth - £85 plus VAT CPD 3

Objectives

This session will be presented when the legislation to implement MTD (making tax digital) will be part of the Finance Bill 2017, so we shall have a clear picture of what the detail will be. This session will bring you up to date with the requirements and outline the changes that clients need to make. It will set out the timeline for progress to the “end of the tax return” and examine what this means for your clients. The important transitional rules will be explained in detail so that you have a clear understanding of how reporting will work over the next two years. The session will also consider the impact on the accountancy practice, and the services you may wish to provide in the future.

Content

The following topics will be covered:
  • Who is required to keep digital records and make quarterly updates? Exemptions, exceptions, delayed start. How and when will it commence for my clients?
  • What does digital accounting look like? What are the detailed requirements? Where are the traps and key issues?
  • Simplification measures – should we be recommending the simplified cash basis or the simplified GAAP basis? What about stock, basis periods new rules, treatment of existing overlap profits?
  • Cash basis for landlords – impact of changes
  • Admin rules – new penalty proposals
  • Future plans
  • Adapting your services – what might this look like?
Speaker: Stephanie Henshaw & John Selwood - £175 plus VAT CPD 6

Objectives

On completion of the course, participants will:
  • Be aware of all Audit and Accounting Standards and Practice Notes issued and relevant changes to Company Law occurring since the last update course
  • Understand the practical effect of these changes on their clients and their own firms, and any action that should be taken
  • Understand the probable practical impact of any other pronouncements and discussion papers that affect accounting and auditing
  • Be aware of the key areas of focus as regards the quality of their work and matters of particular interest to professional bodies

Content

The precise content of the seminar will be determined nearer the date of the course.
Speaker: Mark Ward - £85 plus VAT CPD 3

Objectives

As we discovered in the previous course presented by Mark, the day will deal with a number of issues affecting individuals, their families and businesses. At any stage of life it may be necessary to consider and plan for the effects of income tax, NIC, corporation tax, capital gains tax, inheritance tax, possibly VAT and even stamp duty land tax. This event is aimed at those practitioners who need to look at various options to structure personal and business matters efficiently for tax. It will be a discussion forum session based on a number of short case study questions to ensure maximum benefit to participants. For those of you that attended the previous session, the topics are likely to be similar in scope but unlikely to cover the same particular point unless a new angle has arisen. For those of you who may have missed that session, or maybe fear for your sanity on such a course, this is a great chance to deal with a number of planning issues in a more relaxed setting, allowing participants to fully consider the issues within the context of their own clients’ circumstances.

Content

The course will depend on topical issues leading up to the event, but are likely to encompass:
  • Husband and wife planning
  • Residences
  • Children’s income and gains
  • Planning the business: income and corporation tax points
  • Planning the business: capital gains
  • Implications of divorce and separation
  • Practical and realistic IHT mitigation including wills and trusts as planning tools
  • Agricultural and business property
Case studies will be used as appropriate.
Speakers: Mark Ward - £85 plus VAT CPD 3

Objectives

This course departs from the normal chalk and talk approach to the taxation of trusts and estates, and instead discusses the various issues using short case studies. Whether a trust is the correct vehicle will depend on the commercial and personal intentions of the taxpayer. Even advisers who traditionally shy away from the topic will now be dealing with clients whose wealth or business circumstances are such that trusts are an attractive option. A basic (or greater!) understanding of the issues will be vital for advisers. Delegates will NOT be expected to crunch numbers, but will hopefully gain an insight into the calculations and the theory behind them via an interactive approach.

Content

  • Income tax for discretionary and interest in possession trusts
  • Capital gains tax implications
  • Inheritance tax
    • Lifetime transfers
    • Ten-year and exit charges
    • Planning for spouses and civil partners
    • Planning for the family home
    • Maximising the opportunities of the transferable nil rate band and the new residential nil rate band
  • Estates
    • Income tax and capital gains tax
    • Deeds of variation
    • Will trusts
Speaker: Peter Herbert - £85 plus VAT CPD 3

Objectives

Accountants acting for small charities continue to face a major challenge keeping abreast of fast-changing rules and guidance issued by both accountancy bodies and the Charities Commission. A key change for 2017 is the new Charities Commission rules on the conduct of independent examinations, which are expected to take effect for accounting periods ending on or after 31 March 2017. This course will clarify recent accounting rule changes, in particular those affecting smaller charities, and provide practitioners with a range of practical tips to ensure that they and their clients are complying with them.

Content

The content will include:
  • The new Charities Commission rules on independent examination – what changes and how to comply
  • The choice of SORPs for smaller charities – what’s happened in practice
  • New GAAP for small charities – 12 months on what were the real problem areas?
  • Tricky areas of accounting and where smaller charities often go wrong (e.g. accounting for grants; accounting for restricted funds)
  • The demise of Kids Company - lessons learnt for smaller charities and their advisors
  • Common problem areas in independent examination files – a file reviewer’s perspective
  • Accounts production for smaller charities – what the software gets wrong; and how to put it right
  • Charities Commission roundup for smaller charities
Speaker: Tony Austin - £85 plus VAT CPD 3

Objectives

This is an essential course for anyone concerned with the finance of charities and donors. It will particularly look at the rules and how to avoid common difficulties with direct tax matters involving charities and donors.

Content

The content will include:
  • The definition of a charity for tax purposes
  • Direct taxation principles pertaining to the various types of income of charities, the exemptions for income, non-charitable expenditure and the tainted donation rules
  • How income from trading and fund-raising events by charities is taxed and how tax can be avoided in a manner acceptable to HMRC
  • Gift Aid rules, documentation and the problem of benefits
  • Non Gift aid donations to charity and the tax consequences for the donor and done
  • HMRC compliance
Speaker: Dean Wootten - £85 plus VAT CPD 3

Objectives

The course is aimed at those individuals who advise OMB clients. It will focus on areas of particular interest for OMBs in 2017.

Content

Recent issues affecting sole traders, partnerships and corporates will be considered with a particular emphasis on the practical implications of these developments. The course will look to cover the complete spectrum of taxes that OMBs encounter including the tax implications of FRS 102. Detailed course content will be set nearer the time as the aim of this course is to be very current!
Speaker: Dean Wootten - £85 plus VAT CPD 3

Objectives

The aim of the course will be to go through areas of practical interest to the general practitioner when dealing with personal tax clients.

Content

We will aim to cover planning issues and pitfalls in a wide range of areas affecting personal tax clients. We will also review key dates in the tax calendar which must never be missed. Careful consideration will be given to elections – timing and format – in key areas such as buy-to-let property, PPR nominations for second homes and many more. We will also review the trickier computations that personal tax clients may encounter. A review of recent cases affecting practitioners will also be undertaken with an emphasis on what lessons can be learnt from other peoples’ mistakes!
Speaker: Graham Redman - £85 plus VAT CPD 3

Objectives

This seminar will challenge delegates to consider the implications of Brexit on their clients’ businesses. It will explore the possible outcomes of Brexit on agriculture including timetables. Farming businesses are never operated solely for profit and are mostly incredibly resilient. However, many are also dependent on subsidy and (while many don’t know it) supported prices. Neither of these are guaranteed in a post-Brexit environment and this seminar will explain the options of support and trading arrangements that the Treasury and Defra have hinted at.

Content

The presentation will focus on the implications to agriculture at farm level, using model farms and at industry level, including ideas for what professionals and advisors might consider to support their clients.
Speaker: Robert Jamieson - £85 plus VAT CPD 3

Objectives

Following the autumn Statement on 23rd November 2016 and the Budget Speech in March 2017, the latest tax proposals will be examined and fully explained. The speaker also intends to give his initial planning thoughts on the key aspects of the new measures.

Content

The course will cover business, corporate, personal and capital tax changes.
Speaker: Robert Jamieson - £85 plus VAT CPD 3

Objectives

This recently introduced course examines a number of topical tax planning points for owners of small private companies and unincorporated businesses.

Content

  • Deathbed planning – rights issues
  • Furnished holiday lettings and services provided
  • Is it a trading company for business relief purposes?
  • Excepted assets and IHT
  • The impact of S162B IHTA 1984
  • Recycling business relief
  • Problem areas with holdover relief
  • Associated disposals
  • Multiple completion contracts
  • Company distributions – capital or income?
  • CGT status of residential property used as employee accommodation
Speaker: Malcolm Greenbaum - £85 plus VAT CPD 3

Objectives

The objective of this course is to increase confidence in practitioners so that they can address their clients varied property portfolios without missing key opportunities and issues. The areas below are topical either because they relate to recent legislation or to consultancy queries that the speaker has received from firms of accountants. Attendance would therefore permit practitioners to directly address their clients’ needs without recourse to third parties for advice, increasing the firm’s margins.

Content

  • Effect of different ownership structures – e.g. unincorporated, corporate, pension scheme ownership
  • Jointly owned properties – income tax and CGT issues
  • Capital allowances on property purchases
  • Furnished holiday lets – definitions and practical issues
  • Current issues with buy to let properties – interest relief, deductible expenses
  • ATED-related CGT on residential properties
  • CGT for non-residents disposing of residential property
Speaker: Malcolm Greenbaum - £85 plus VAT CPD 3

Objectives

Practitioners are often afraid to offer clients advice on VAT and SDLT issues relating to property transactions, perceiving the law to be complex and riddled with uncertainty. This course takes delegates through the legislation and then applies it to various practical scenarios pointing out where there are common misconceptions in the minds of practitioners and clients alike. The objective is to enable practitioners to expand the range of advice they can offer clients, enhancing their potential to create additional revenue streams and minimise the use of third party consultants.

Content

  • Review of legislation – zero-rating, reduced rating, standard-rated and exempt supplies
  • Option to tax – application process, practical issues and disapplication in certain cases
  • Practical scenarios to analyse VAT implications
  • Recent case law decisions
  • SDLT and LBTT – recent changes including the 3% supplement for residential property purchases
  • Annual Tax on Enveloped Dwellings – when it applies, reliefs, returns and payment
Speaker: Rebecca Benneyworth & Bob Trunchion - £175 plus VAT CPD 6

Objectives

This popular course is presented by two of the country’s leading taxation lecturers and will benefit all practitioners and staff involved in giving tax advice to their clients and who need to keep abreast of current developments. To ensure that delegates are kept fully up to date the content of this course will be set shortly before presentation to take account of the changes as they occur. All major changes will be explained and tax planning opportunities identified.

Content

The course will include:
  • Budget and Finance Act Review
  • Statements of Practice
  • Changes in Personal Tax, Business Tax, Corporation Tax and VAT
  • Employee Taxation
  • Changes in Capital Taxes
  • Tax administration
Speaker: John Selwood - £85 plus VAT CPD 3

Objectives

UK GAAP for small and micro companies is going through the change of a generation. This course will look at problem areas and give practical guidance on how to address the tricky bits.

Content

The areas covered will be those areas that practitioners are currently struggling with. This will be based on feedback from cold file reviews and frequently asked technical questions. This is a topical course and the content will reflect that. The course may cover issues such as:
  • Abridged accounts and the true and fair view
  • Encouraged disclosures, such as dividend and the need for additional primary statements
  • Reasons why accounts get rejected by Companies House
  • Problems with related party disclosures
  • Accounting for directors and shareholders loans
  • Selection and disclosure of accounting policies
  • Other common disclosure errors in company accounts
  • Applying small company exemptions including audit exemption
  • Applying micro entity accounting rules
Speaker: John Selwood - £85 plus VAT CPD 3

Objectives

The course will cover all the latest developments in auditing.

Content

  • Revised ISAs (UK and Ireland)
  • The new FRC Ethical Standard or Auditors
  • Changes to company law from an audit perspective
  • Changes to the audit report
  • Feedback from regulators
  • Other topical issues
Speaker: Ian Maston - £85 plus VAT CPD 3

Objectives

The course will explore the Inheritance Tax issues for family businesses. It will explain the reliefs and exemptions available, and highlight the pitfalls to be avoided. There will be a focus on tax planning -for both trading and investment businesses – including ideas for business structuring, lifetime giving and the best testamentary and post-death strategies.

Content

  • The rules of business property relief
  • Capital gains tax reliefs
  • The deductibility of loans
  • Cash rich and mixed trading/investment businesses
  • When and whether to ‘bank’ business property relief
  • Tax efficient lifetime giving
  • ‘Nil Rate Band’ strategies
  • ssues around incorporation and pre-sale planning
  • How to take advantage of valuation rules
  • The use of trusts
  • Tricky issues with groups of companies
  • Problematic partnerships
  • The use of share reorganisations
  • The availability of the instalment option
  • Planning for spouses and civil partners
  • International considerations
  • Tax efficient Wills
  • The role of Deeds of Variation
Speaker: Mark Morton - £85 plus VAT CPD 3

Objectives

Over recent years there have been a number of changes aimed at avoidance which affect the SME company e.g. loans to participators, corporate partners, etc. There are also more traditional areas of HMRC interest, such as the settlements legislation.

Content

This courses aims to cover these key areas of interest:
  • Extraction including changes to dividend taxation
  • Loans and equity finance
  • Loans to shareholders
  • Ensuring Entrepreneurs’ Relief
  • Recent developments affecting close companies
Speakers: Mark Morton - £85 plus VAT CPD 3

Objectives

This course will provide attendees with a review of the system for relief of capital expenditure by businesses. It will consider practical problem areas and current topical issues.

Content

  • Identifying capital expenditure and the meaning of ‘repair’
  • Plant and machinery - meaning and eligibility
  • Claiming plant and machinery allowances, including the AIA and integral features
  • Specific issues with capital expenditure on plant
  • Recent developments
Speaker: Peter Herbert - £85 plus VAT CPD 3

Objectives

This seminar will provide an update on practice regulation as it affects smaller firms of accountants. New regulatory requirements will be explained and an insight provided into hot topics based on the feedback we receive from ICAEW and ACCA inspectors.

Content

The exact programme will depend on what is topical at the time of the seminar but is likely include:
  • The impact of the 4th Anti Money Laundering Directive in practice
  • New UK GAAP accounts – what quality assurance inspectors are looking for
  • IT, data protection and avoidance of cybercrime
  • Top tips for handling client monies and Designated Professional Body registration
  • CPD and appraisal processes
  • Quality control – minimum requirements for accounting and taxation
  • Regulator feedback on Practice and Quality Assurance compliance
Speaker: Simon Hurst - £85 plus VAT CPD 3

Objectives

There is growing concern over the risks associated with the use of spreadsheets in all aspects of business. This course will concentrate on some practical tips and techniques to help reduce those risks. Some significant new features in Excel 2007 through to Excel 2016 will be covered, but most of the course will be relevant to users of any Excel version. The intention is to cover areas that provide real practical benefits which not only make spreadsheets more robust and more reliable, but also improve efficiency and performance. The course should be useful to anyone who uses Excel or is responsible for the use of Excel in their organisation. It will cover both basic and advanced features in the context of the avoidance and detection of spreadsheet errors and improved efficiency of spreadsheet use. Please note, the course is not hands-on but comprehensive notes will be provided to allow you to explore the areas covered in more detail.

Content

  • Firm foundations – how to design your spreadsheets to minimise the risk of errors. The basic Excel techniques and knowledge that underpin efficient and reliable spreadsheets
  • What not to use Excel for. Why Excel can’t manage data. How best to get your data into Excel
  • Managing input – Data Validation and Protection
  • Robust formulae – designing formulae to work reliably and adjust for changes
  • Checks and controls – the Excel functions that can help spot errors for you and bring them to your attention
  • Auditing tools – Excel’s built in error-checking and why you shouldn’t rely on it. The Formula Auditing tools and other techniques to reveal errors and inconsistencies
  • Goodwill and intangibles
  • The workbook review and auditing tools introduced in Excel 2013

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