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Chair: Rebecca Benneyworth - £50 plus VAT CPD 3.
Software presenters: SAGE, Xero, Quickbooks, Kashflow

Objectives

This is a unique opportunity for members of accountancy practices to experience presentations by the four leading providers of book-keeping and accountancy software. The session will be introduced and led by Rebecca Bennyworth and representatives from the software companies will be available to meet with delegates during the event. The presentations will cover reporting systems, client and HMRC interface, licences, costs, support and much more to help you decide which software is most appropriate for your clients.

Content

  • An update on MTD progress by Rebecca Benneyworth
  • 20 minute presentations by each of the four software providers in conference style
  • Display stands by the software providers
  • Providers will be available to meet with delegates from 9.00am
The session will be limited to 50 – 60 delegates to allow interaction with the providers. If there is sufficient demand and this limit is exceeded an identical session will be run in the afternoon on the same day at 1.30pm – 4.30pm (providers will be available from 1.00pm). Bookings are on a first come-first serve basis and allocation to the afternoon session will be advised by The Offa Group Organiser on receipt of booking. The Offa Group reserves the right to limit the number of places per firm if necessary.
Speaker: Martyn Ingles - £85 plus VAT CPD 3

Objectives

Proactive accountants should be looking to see what advantages can be obtained in the final days/ weeks before the end of the tax year by ensuring all possible tax relief claims and elections are considered. It is also an opportunity to do some forward planning and consider the changes announced in the 2017 Autumn Budget and how those will affect clients from 6 April 2018 onwards.

Content

To a certain extent this will be dictated by the 2017 Autumn Budget and anything that flows from it but the course would obviously have to consider:
  • Business tax issues, such as maximising capital allowances
  • Personal tax (in particular pension planning)
  • Tax efficient extraction of cash – directors remuneration, dividends, and other benefits
  • Utilising trading and capital losses
  • Negligible value claims and setting capital losses against income
  • Utilising CGT and IHT reliefs and any planning that needs to be done
  • Review of Wills and Estate planning in the light of the additional nil rate band for the family home
Speaker: Guy Loveday - £85 plus VAT CPD 3

Objectives

The course will examine recently published accounts of small companies to see how they have coped with the demise of abbreviated accounts and FRSSE.

Content

  • Has the filleting option been chosen?
  • Has profit privacy been maintained?
  • Do the accounts comply with FRS 102 Section 1A
  • How have the FRCs “encouraged” disclosures been dealt with?
  • Has anything else been added in order to achieve truth and fairness?
Speaker: Guy Loveday - £85 plus VAT CPD 3

Objectives

FRS 102 Section 1A can be used by micro sized and small entities – but requires the application of the FRCs new “encouragement” regime which will impact upon both presentation and disclosure. This course takes a practical look at achieving truth and fairness under this standard.

Content

This course will include a template set of accounts prepared in accordance with FRS 102 Section 1A and will cover:
  • Considering the merits of abridged accounts
  • Considering the merits of ”filleting out” the profit and loss account before filing
  • Dealing with gains and losses that by pass the profit and loss account – choosing between one and two performance statements
  • Dealing with the encouragement for an entity to present a statement of changes in equity – and why it shouldn’t
  • Understanding when a company is eligible to present a statement of income and retained earnings – and why it should
  • Dealing with profit & loss disclosures
  • Disclosures that were required under FRSSE but are not required under FRS 102 Section 1A
  • Disclosures that are required under FRS 102 Section 1A but were not required under FRSSE
  • The related party disclosure anomalies
  • The five disclosures that are strongly encouraged by FRS 102 Section 1A to be included when relevant
The many disclosures that companies are encouraged to consider including – and how to choose what is necessary for truth and fairness.
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

  • Recent and forthcoming changes to PAYE and NI
  • RTI update
  • Review of statutory payments
  • Payrolling benefits
  • Pensions auto enrolment update
Speaker: Shan Hughes - £75 plus VAT CPD 3

Objectives

This course is aimed at members of staff who have, or least in the past have had, a basic understanding of the main concepts of business income tax. They may have had a break from the profession or worked in a different area of the profession for a while and need a refresher on the current rules. By the end of the course participants will be familiar with the current rules governing the calculation of taxable profits for the self employed.

Content

  • Principles of allowable and disallowable expenditure
  • Specific problem areas
  • Overview of capital allowances
  • National insurance contributions
Speaker: Pat Nown - £85 plus VAT CPD 3

Objectives

This update and refresher session focuses on the taxation aspects of the partnership business medium. It includes opportunities and pitfalls likely to be of day-to-day significance for the busy practitioner and their clients who operate through partnership business structures and considers some of the current issues arising including any relevant recent tax cases. This course is not aimed at planning strategies but will include basic planning matters and recent developments affecting partnerships.

Content

Specific areas to be included:
  • Types of partnership and partner
  • The partnership agreement
  • Tax administration issues
  • Income tax
    • Special points on adjustment of profit
    • Trading and non trading profits allocation and assessment
    • Personal expenses
    • Losses and anti-avoidance
  • Partnership changes
    • Joiners and leavers
    • Cessation and incorporation
    • Mergers and splits
  • Salaried members rules
  • Mixed partnerships
  • Capital Gains Tax
    • SPD12 and partnerships including disposals and partnership changes
    • Entrepreneurs’ Relief issues
  • Inheritance Tax
    • Points of interest
  • Partnership changes - Finance Bill 2018
Speaker: Pat Nown - £85 plus VAT CPD 3

Objectives

Recent developments have seen substantial changes to the rules for accessing money purchase pensions and the treatment of funds remaining on death. This has increased the attractiveness of pension planning by individuals but tax relief restrictions and reduction in the Lifetime Allowance often puts constraints on tax efficiency and can result in tax charges. In addition the new state pension came into operation from April 2016.

Content

The course will examine the following detailed rules:
  • Pension contributions and tax relief
    • Mechanics
    • The significance of net relevant earnings
    • Pension input periods and alignment
    • The Annual allowance
    • Unused relief
    • Excess charges
    • Tapered allowance
  • Understanding the Lifetime allowance
    • Reductions
    • Protection mechanisms
    • When the charge applies
  • Accessing money purchase pension funds
    • Income and lump sums
    • Small pension pots
    • Money purchase annual allowance rules
  • The taxation of death benefits
    • The significance of age and how benefits are taken
    • Interaction with IHT planning
  • The state pension
    • How the new state pension operates
    • Entitlement
  • Pensions and divorce
  • Workplace pensions – recent developments
Speaker: Rebecca Benneyworth - £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 Autumn Budget.

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, possible tax advice strategies
  • Taxation of small companies – recent changes, profit extraction strategies
  • Key tax administration changes
  • Autumn statement 2017 announcements that will affect clients and any immediate planning issues arising.
Speaker: Rebecca Bennyworth - £85 plus VAT CPD 3

Objectives

Making Tax Digital (MTD) will fundamentally change the administration of the UK tax system. On 13 July 2017 the government announced a new timetable and changes to the implementation, which means that MTD will not take effect until April 2019 and will only be mandatory at that time for businesses over the VAT threshold. MTD reporting for income tax has been delayed but it has not gone away. HMRC still expects MTD for income tax to become mandatory which is likely to result in significant changes to the agent-client relationship.

Content

The session will examine the MTD readiness of various tax software packages and plans for the next six months, looking in particular at functionality for MTD and supporting clients with the move. Rebecca will also explain the current position regarding MTD for both VAT and Income tax and give feedback from the pilot, together with suggestions and ideas for moving forward with implementation. Specifically, the final requirements for VAT will be explained in detail so that attendees are clear about what is required from April 2019. This session will explain, with demonstrations, the progress of HMRC’s new agent services account and show how to sign up for the account and what can be done with it.
Speaker: Jeremy Mindell - £85 plus VAT CPD 3

Objectives

Employment taxes have been undergoing considerable changes as the Government tries to adapt to the changing patterns of work. The focus on the gap between employment and selfemployment was one of the subjects of the report by Matthew Taylor which is likely to lead to further substantial developments. Income tax and NIC are two of the three largest sources of revenue for the Government, so measures to protect the tax base are constant and continuing.

Content

This course includes:
  • Plld changes
  • Status—employed v self employed
  • Termination payments the April 2018 changes
  • The Apprentice Levy
  • Expenses and benefits in the post dispensation era
  • PSA’s after the changes
  • Employment Allowance
  • Salary Sacrifice—what is left?
The course will keep you up to date with case law that has affected employment taxes in the last 12 months.
Speaker: Jeremy Mindell - £85 plus VAT CPD 3

Objectives

Marriage has always affected the tax position of individuals. Recent changes to both marriage and tax law have changed some of the planning assumptions which individuals and their advisors should make.

Content

Taxation and marriage combines two of the most complex elements of human relationships. The course looks at the tax and non-tax pitfalls for advisors in this area. The following topics will be covered:
  • Married versus unmarried couples - a tax comparison
  • Extending the definition of marriage to same sex couples and civil partnerships
  • CGT position on marriage to include principle private residence relief
  • IHT position on marriage
  • Planning for non-UK domiciled spouses
  • CGT planning for spouses
  • Entrepreneurs relief and the married couple
  • The use of the unused IHT nil rate band
  • Spouses and ISAs
  • CGT on separation
  • IHT position on divorce
  • Marriage and trusts.
Speaker: John Selwood & Peter Herbert - £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.
Speakers: Bob Trunchion - £85 plus VAT CPD 3

Objectives

This course considers the important tax planning opportunities available through the use of trusts. It will assume delegates have some knowledge of trusts and how they work (but not a lot!). It will contain various case studies to illustrate how useful trusts can be for the OMB sector and that as professional advisors, we should not be frightened of suggesting to clients that they should use them. The course will help anyone who will be advising clients, especially in the OMB sector, on “family planning” where trusts could be in point and how to use them to their maximum advantage.

Content

  • Brief review of the more complex tax implications of trusts
    • Income tax
    • Capital gains tax
    • Inheritance tax
  • Brief review of the more relevant areas of trust law
  • Planning points illustrated with practical examples using case studies on how trusts can be used in the OMB, the HNWI and elsewhere
    • Grandparents and other “family planning” trusts
    • Will and lifetime planning using
      • Flexible life interest trusts
      • Discretionary trusts
    • Thinking “outside the box” to achieve results
The course will be based around a number of examples to help give delegates a better idea of how trusts can be used to their maximum advantage.
Speaker: Bob Trunchion - £85 plus VAT CPD 3

Objectives

With the Baby Boomers approaching “that” age, even the CBI have woken up to the 55:55 rule (55% of OMB are owned and managed by people over 55). The trouble is that so many of these businesses do not have either an exit or a succession plan in place! This course is intended to provide delegates with an update and refresher of the capital gains tax, inheritance tax and other changes affecting this area, being particularly relevant to those advising business owners. Capital tax planning is essential if the shares in the family company are to be passed down to the next generation. The course will consider the protection and transfer of shares within the company. However, as two thirds of businesses are sold or wound up, strategies for that will also be covered.

Content

As some of the areas will be covered in other Offa courses in detail, some areas below may just act as reminders as to why the matter is relevant but clearly the course will have to include:
  • Tax tips when spreading shares between family members
  • The sale process including presale planning (or how do you get ready to sell your business from a tax point of view
  • ER pitfalls and planning
  • Maximising inheritance tax business reliefs
  • And pensions…..
  • Share schemes, good EBTs and other sets of golden handcuffs
  • Pros and cons of lifetime and death transfers to family members
  • Use of trusts as planning vehicles for business assets
  • Purchase of own shares, TiS and lots of other areas
Speaker: Mark Lee - £85 plus VAT CPD 3

Objectives

Many established accountancy practices have long standing clients who are stuck in their ways. That’s fine if they make your life easy and they pay good fees for you to do the work you enjoy. It’s not good if they are dilatory, challenging or unwilling to pay what you are worth. In this course you will learn tips, tricks and techniques used by smaller practitioners around the UK to influence, persuade and encourage clients to do what you want, when you want it.

Content

  • How to avoid the January rush
  • Carrots and sticks
  • Getting paid for advisory services
  • Ways to increase fees without upsetting clients
  • Avoiding scope creep
  • The key change that can reduce last minute-itus
  • Making it easy for clients to help you
  • Getting clients to use accounting software and charging for the work
Speaker: Robert Jamieson - £85 plus VAT CPD 3

Objectives

Following the Budget towards the end of 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 legislation.

Content

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

Objectives

This course is aimed at all practitioners advising high net wealth clients whether it be income or assets. This is not only a potentially lucrative market for tax advisers but also a demanding one which presents many challenges, particularly in the area of planning following the changes to the treatment of high net wealth clients announced in recent Finance Acts. This course examines the latest planning opportunities available for wealthy individuals and their families.

Content

  • Some surprising consequences of the new dividend regime
  • Buy-to-let changes – problems and possible solutions
  • Company distributions – capital or income?
  • CGT and entrepreneurs relief – two points for family companies
  • Recent pension developments
  • IHT residence nil rate band and downsizing
  • Deemed domicile – income tax, CGT and IHT
Speaker: Russell Cockburn - £85 plus VAT CPD 3

Objectives

This half day course aims to provide delegates with - (1) a review of and update on the current UK inheritance tax regime for the private client, with the emphasis on the owner- managed business sector, (2 ) an outline of the main planning options and opportunities currently available, (3) some capital gains planning points of relevance to the elderly client and (4) a summary of the potential uses of trusts in estate planning.

Content

  • Review of the current UK Inheritance Tax Regime
  • Business Property Relief
  • Agricultural Property Relief
  • The other important IHT reliefs
  • Key points on IHT and Will planning
  • Key points on capital taxes and the ownermanaged business
  • Problem and danger areas
  • Planning points and pitfalls
  • Using the Nil rate residence band
  • Capital gains tax planning points for the elderly client
  • Current IHT regime for UK trusts
  • Who should use a trust and when?
Speaker: Jonathan Wilkey - £85 plus VAT CPD 3

Objectives

Advising the elderly on the financial implications of long-term care is a rapidly expanding area of Law and Finance which has brought with it added complications for the practitioner. The course will bring together recent changes that have taken place.

Content

  • An overview of funding long-term care and asset protection
  • A review of the Care Act 2014 and what it means to accountants
  • Considering care requirements
  • Financial assessments and Local Authority recovery procedures
  • Asset protection – immediate, medium and long term and the options
  • Protecting savings, the family home and business assets
  • Effective gifting
  • Interaction with IHT and putting clients affairs in order
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 precise content of the seminar will be determined nearer the date of the course.
  • 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

This course will look at topical problem areas being reported by the professional bodies and accountants. It is aimed at all levels of staff involved in the preparation of company accounts.

Content

The course will cover the requirements of Accounting Standards, particularly those applying to small companies, Companies Act and other relevant guidance. The course may cover issues such as:
  • The application of small company accounting exemptions
  • Filing problems at Companies House in the new small company regime
  • Abridged accounts and the true and fair view
  • Common disclosure errors
  • Accounting for deferred tax
  • Accounting for investment properties
  • Encouraged disclosures, such as dividend and the need for additional primary statements
  • Problems with related party disclosures
  • Applying micro entity accounting rules.
Speaker: John Selwood - £85 plus VAT CPD 3

Objectives

Above all the focus of this course will be on how to drive the efficiency of the audit through effective risk assessment. It is widely accepted that the planning of an audit is the most important stage and risk assessment is the cornerstone of this process. Undoubtedly, getting the risk assessment right creates the ground work for an efficient and effective audit where the right tests are designed and the right level of audit evidence is obtained.

Content

This course will look at risk assessment for the risk or error and fraud. Using practical examples, the course will illustrate how risks should be identified and then targeted to aid audit efficiency. The course will also look at getting risk assessment documentation right, so as to demonstrate compliance with ISAs. The course will cover:
  • The requirements of ISAs 315,330 and 240
  • Practical examples of how fraud risk can and does occur
  • Examples of fraud and how to best detect it
  • Efficient and effective risk assessment processes and documentation including practical examples.
Speaker: David Missen - £85 plus VAT CPD 3

Objectives

Surveys regularly show that succession planning is one of the biggest concerns for farming clients today. With an ageing agricultural population it is surprising that many seem unwilling to grasp the nettle of handing on the family holding - or even starting on the process. The regular contact which builds up between the accountant and the farming family over the years make him/her uniquely placed to advise on not only the financial and taxation consequences, but also the longer term implications for the business and the family over many years. At a time when succession and profitability are such big concerns for UK agriculture, the role of the specialist agricultural accountant has never been more important.

Content

The speaker will look at the taxation background to succession planning, the opportunities available and the pitfalls and practical issues which can make it such a thorny problem. He will work through a number of real life case studies showing the interaction of personal and taxation issues and the practical actions which needed to be taken to achieve (in most cases) the desired outcome. He will also review current developments in farm tax and accounts including a short update on the practical issues arising from the implementation of FRS 102/5, and how firms have been dealing with these, recent tax changes and thoughts on what the current political uncertainty, both within the UK and the EU, might mean for farming in the near future.
Speaker: Louise Dunford - £85 plus VAT CPD 3

Objectives

The course will be lively and informative, concentrating on providing practical advice for accountants and for their clients. The proposed content is set out, but may vary depending on any new legislation being proposed and case law as it develops.

Content

  • General Data Protection Regulation – a practical guide – important implications for small businesses
  • Money Laundering 4th Directive – what does it mean for your procedures?
  • PSC Register changes
  • Bribery Act – recent developments
  • Summary of new corporate offences in relation to
    • Failure to prevent tax evasion
    • Fraud, false accounting and money laundering (if enacted)
Speaker: Louise Dunford - £85 plus VAT CPD 3

Objectives

This practical course deals with the key legal issues affecting small and medium sized companies and is fully updated with the most recent case law and regulation in place at time of delivery.

Content

Employment Law
  • Employment status
  • IR35 and reform
  • Payroll related developments
    • Minimum wage
    • Working time and holiday pay
  • Disability and Sickness
  • Social Media
  • Redundancy and Unfair Dismissal
Company Law
  • Directors’ duties and Dickinson – how not to run a small company
  • Shareholder issues including unlawful dividends, differing classes of shares and status of articles
  • Important cases in last 12 months Professional Negligence
  • Recent cases and general update Purchase and sale of a business
  • Restrictive covenants
  • TUPE – brief update
Speaker: Malcolm Greenbaum - £85 plus VAT CPD 3

Objectives

This course will discuss fundamental VAT principles which commonly cause difficulties for clients. It will enable delegates to spot issues with clients’ VAT compliance and opportunities to optimise their VAT positions.

Content

The course will look at
  • output VAT issues
    • whether a supply has taken place
    • what rates apply
    • flat rate scheme issues
    • recent cases that highlight these areas
  • input VAT issues
    • the conditions to claim relief and practical issues that arise
    • partial exemption (including the use of special methods)
    • cross-border transactions, especially services delivered and received
Speaker:Malcolm Greenbaum - £85 plus VAT CPD 3

Objectives

This course will examine situations where FRS 102 accounting and tax requirements coincide and where they differ in the calculation of accounting profits and tax profits.

Content

The course will address common misconceptions about allowable and disallowable expenditure by using practical examples. Both common and less common tax adjustments to profits will be reviewed and when (and how much) deferred tax needs to be recognised in different situations (bearing in mind the currently legislated rates of corporation tax up to and beyond 2020), again using practical examples. Where relevant, the impact on distributable profits will be discussed – an important consideration for clients that rely on dividend income from their companies to cover their living expenses.

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