SEMINAR SYNOPSES 2016 : ALL VENUES

Transcription

1 SEMINAR SYNOPSES 2016 : ALL VENUES 2 Audit Risk and Fraud 4 Accounting and Auditing Stock + WIP under FRS102 5 The First FRS102 Accounts 6 Employment Taxation Update 7 Tax Planning for 6 April 2016-Taking Advantage of the Changes 8 Acting for Clubs and Associations 9 LLP An Update 10 HMRCs Disclosure Facilities and Campaigns 11 Personal Tax and Retirement Planning 12 Half Yearly Tax Update incl Budget Review 14 Current Accounting Issues 15 Audit and Assurance Update 16 Practical Audit: Course1: Control Planning, Completion and Review 17 Practical Audit: Course 2: The Detail Looking at the Approach to Individual Sections 18 Real Life Money Laundering 20 Practice Regulation Update 22 Company and Business Law Update 23 Partnership and Sole Trader Tax Tips for Accountants 24 Property Tax Update 25 Accounting The Difficult Bits 26 Solicitors Accounts Rules 27 Small Company Reporting in UK GAAP for Special Categories 29 Financial Reporting for Charities 30 Audit and Accounting for Pension Schemes 31 Reporting for Social Housing Providers 32 Ethical and Technical Issues through Case Studies 33 Audit Issues through Case Studies 34 Passing on the Family Business 35 Half Yearly Tax Update 36 Share Capital for Corporate and Commercial Advisors 37 Tax Investigation Tips for Accountants 38 Private Company Valuations 39 Acting for Doctors An Update 40 VAT Update 41 Accounting and General Business Update 1

2 Audit Risk and Fraud A serious audit risk is that or fraud and frauds do happen! This half day looks at the ISA s that cover the topic but then at the types, the motives and the indicators of fraud with a view to identify the risk of occurrence and how frauds may be prevented. Planning use AR and detailed AR early on Risk of Material Misstatement- ISA 315 ISA 315 Definitions what do these mean in practice Assertions whose are they? Business risk Risk assessment The need for sound and functioning internal controls What is significant risk The risk of fraud must be considered Risk Assessment Procedures and Related Activities Responsibility for the Prevention and Detection of Fraud - the entity Responsibilities of the Auditor Focus on frauds Types of fraud Motives for fraud who commits fraud Indicators of fraud High risk areas and responses Revenue Management over ride Existence of assets particularly stock and WIP Valuations Impairments (suppressed or hidden) Missing liabilities Bribery 2

3 Link to your audit programmes T.B.C. AJ Bell Stadium, Manchester T.B.C. 65 3

4 Accounting and auditing stock and WIP under FRS102 (Inventory and Revenue - construction contracts) A half day course on the significant accounting and auditing issues on moving to FRS102 terminology and practice. The session is aimed at being helpful to accountants and auditors, but also financial and project accountants who have to prepare the figures. This session will cover the following: New UK GAPP -sections 13 - inventories 23 - revenue Construction contract accounting linked to FRS 102 s23 and to required audit work Overview of audit work linked as it must be to ISAs ISA 300, Planning an Audit of Financial Statements ISA 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment ISA 330, The Auditor's Responses to Assessed Risks ISA 501, Audit Evidence-Specific Considerations for Selected Items - inventory, litigation and claims AJ Bell Stadium, Manchester 9.45am 75 4

5 The First FRS 102 Accounts What do they look like? Issues real and imagined Section 1A replacing the FRSSE Managing transition New accounting policies - examples Basic financial instruments Directors loans Where to turn re Complex financial instruments Charity FRS accounts and SORP A half day that looks at FRS 102 accounts and the issues known and emerging Developing compliant accounting policies - examples of accounting policies Do the policies lead to transition issues? Financial instruments and loans possible treatments and disclosures A precis of what auditors should be awake to Where we are with the Charity SORP sans FRSSE AJ Bell Stadium, Manchester 1.45pm Best Western Moat House, Stoke 1.45pm 75 5

6 Employment Taxes Update As we approach the end of the income tax year we arrive at a key part of the tax year relating to employment taxation with all its obligations. This is particularly true this year as there have been major changes to the administration of employment taxation. The changes include the abolition of dispensations and the new exemption of re-imbursed expenses and the payrolling of benefits. Additionally, cases abound where people have tried to reduce their tax by manipulating the rules of employment taxation. This dedicated course offers the opportunity to keep up to date and to understand the latest developments which will allow for opportunities to explore savings and to avoid pitfalls for your clients who are in employment. Items covered will include: The Autumn Statement and FB2016 items relating to employment taxes Developments in the continuing review of and the subsequent legislation relating to employment taxation Cases involving employment taxation with lessons to be learned and opportunities to be grasped Examination of key issues and traps to avoid with completion of year end returns National Insurance developments Selected pensions developments Who should attend This course is specifically designed for accountants or tax advisers who deal with the employment tax and related affairs of clients Best Western, Stoke on Trent 9.45am The Britannia Hotel, Wigan 9.45am AJ Bell Stadium, Manchester 9.45am 65 6

7 Tax Planning for 6 April 2016 Taking Advantages of the Changes The start of a new tax year provides a fresh impetus for reviewing tax planning. This is particularly true with all the changes having been introduced by the present government. The recent Finance Acts and the Finance Bill 2016 see major changes being introduced from 6 April 2016 and for subsequent tax years. These changes need to be carefully considered and acted upon as necessary. Additionally, as the way in which tax will be raised and paid is in a state of flux, it is important to be aware of the implications of such changes and prepare yourself for action. This course will provide a comprehensive update on matters which you need to be aware of NOW. The course will cover: Finance Acts 2015 provisions Extracting profits from businesses before and during including the major changes to the taxation of dividends Understanding the changes affecting employment income Grasping the implications of all the business tax changes coming in 2016 The main changes to property income and their impact The future changes coming into operation affecting capital taxes Principles and decisions from the Courts lessons to be learned and the available opportunities Who should attend This course is specifically designed for accountants or tax advisers who deal with the personal tax and business tax affairs of clients Best Western, Stoke on Trent 1.45pm The Britannia Hotel, Wigan 1.45pm 65 7

8 Acting for Clubs and Associations Special category audits need to have a special effort applied. Entities registered as Cooperative and Community Benefit Societies (formerly Industrial and Provident Societies) or Friendly Societies are among the most common of these special category audits. This course will concentrate on these organisations and will cover the following areas: Course Contents The main legislation governing clubs and associations and the impact of the Cooperative and Community Benefit Societies Act 2014 The de-regulation provisions and the impact these have on the assignment The main laws and regulations applying to clubs and associations, for example the Licensing Act and Gambling Act Accounts disclosure issues including the impact of new GAAP The main audit risks and how to deal with them and common problem issues How to undertake and independent accountants assignment An introduction to Community Interest Companies Other topical issues Adding value to the assignment Who should attend? Practitioners who act for clubs and associations Key benefits of attending Ensure participants are up to date with current practice and thinking AJ Bell Stadium, Manchester 9.45am 65 8

9 LLP Update Course Duration: 2 hours Who Should Attend? Partners and staff involved in preparing and auditing accounts for Limited Liability Partnerships (LLPs). Course outline LLPs have certain characteristics of both companies and partnerships. Many practitioners only have a few of these as clients and are confused by some of the more complex areas. These course looks at the accounting and auditing issues with these entities and also changes that will impact on LLPs with the new UK GAAP coming into force from 1 st January The areas covered include: Overview and the characteristics of LLPs; Life of an LLP; The LLP SORP, members agreements and participation rights The Puttables Amendment; SORP- Other matters; Business Combinations and group accounts; Auditing LLPs; and Future changes AJ Bell Stadium, Manchester 1.45pm 49 9

10 An Update on HM Revenue & Customs Disclosure Facilities The introduction of the Common Reporting Standard in 2016 will see further reporting requirements being imposed upon financial institutions with regard to their account holders. The Treasury expects the new measures to produce an extra 500 million in taxes. In advance of the first receipt of data arising from the introduction of the Common Reporting Standard in 2017, the government has announced that there will be a new timelimited tax disclosure facility running from 2016 to mid-2017, together with the earlier than expected closures of a number of current disclosure facilities in This course is designed to update practitioners upon the Common Reporting Standard, changes to the current HMRC disclosure facilities and to provide an understanding of the new HMRC Common Reporting Standards disclosure facility. We will cover the following topics: - The Common Reporting Standard background and workings Update on current HM Revenue & Customs disclosure facilities Introduction to the Common Reporting Standard disclosure facility AJ Bell Stadium, Manchester 1.45pm 65 10

11 Personal Tax and Retirement Planning Retirement is an event which, hopefully, comes to us all sooner or later. The role of a good tax advisor is to take advantage of the available opportunities to organise a clients affairs in a tax efficient manner, leaving maximum accumulated wealth for their retirement. Recent changes in pension legislation need to be fully understood to offer the best advice in this complex area. While access to pension schemes in retirement has been made more flexible in 2014 and 2015, there are inevitable pitfalls and snares for the uninformed. When considering planning for retirement, it is not only the pension provision which needs to be considered but all the income tax and capital tax provisions, both before and during retirement. This course will give delegates a thorough understanding of personal tax planning and other tax matters connected with planning for retirement, and ultimately the efficient management of taxation of wealth in retirement. Course content: The approved pension provisions (including state pension provisions) Unapproved pension provisions The use of other assets for pension provision including property Exit routes from a family company or OMB CGT planning on retirement Consideration of different returns from different methods of provision Consideration of relevant aspects across each age group Extracting funds from pension arrangements Income and capital taxes during retirement Who Should Attend? This course is designed for accountants and tax advisors who deal with the personal tax affairs of clients, including those planning to retire and those already in retirement AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 9.45am Best Western, Stoke on Trent 9.45am

12 Half Yearly Tax Update (Including Budget Review) As a professional looking after clients affairs it is essential to be up to date with current developments and this is particularly true in the field of taxation. The last six months have seen a hive of activity with the passing of Finance (No. 2) Act 2015 into law, followed by the Autumn Statement, the 2016 Budget and then the 2016 Finance Bill. In addition to the Finance Bill 2016 we have seen a number of consultations which could herald major changes in the law such as the review of termination payments and the issue of draft documents on subjects as varied as domicile changes and the rules on distributions. As always, a relentless stream of cases go through the Courts which will give clarification of the law and its application, the direction on future planning opportunities and the pitfalls to be avoided. This update will give you an insight into the relevant developments over this period which will aid your day to day handling of clients affairs. Items covered will include: The main items from the 2015 Autumn Statement and the draft FB2016 Key aspects of the Budget and an initial review of the contents of the actual Finance Bill 2016 Important income tax developments including the new dividend rules and employment tax changes Business (including Corporation) tax changes that you need to be aware of Capital tax news affecting your clients short term and long term wealth Key indirect tax developments Who Should Attend? This course is specifically designed for accountants and tax advisors who deal with the personal and business tax and related affairs of clients. 12

13 AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm

14 Current Accounting Issues This course will teach delegates to understand the practical impact of the FRC s Future of UK GAAP project on all sizes of companies and make delegates aware of all FRC Accounting Standards and FREDs issued since last update course. This will be our first session after the first general use of FRS 102 and so we will consider the real practical issues arising on the change. Content We will be looking at developments over the past 12 months including: Adoption of FRS 105 for Micro Entities what to prepare and what to file. FRS 102 for Small Companies and how the Companies House accounts must look. FRSSE 2015 and how to transition from FRSSE to FRS 102 or 105 An overview of key changes to SORPs HMRC treatment of FRS 102 accounts and the possible areas for concern and attention such as revenue recognition and prior period changes Examples of the new required notes and disclosures what will be acceptable best practice? Any other comment of note from regulators such as FRC and ICAEW AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 9.45am Best Western, Stoke on Trent 9.45am 65 14

15 Audit and Assurance Update The clarified ISA regime has been in place for some years and auditors must continue to demonstrate that their audit files are compliant with the requirements of clarified ISAs. This course will offer delegates the tools to demonstrate an understanding of the requirements and will look at the most recent changes affecting auditing in the UK and the implications for planning and executing an audit in practice. Recent changes in the audit exemption rules have meant that more companies will not require a statutory audit so this course will also cover developments in the guidance in relation to the provision of assurance services. During the course of the seminar we will look at:- Auditing FRS 102 financial statements and changes including the transition adjustments and note. Property valuations and other issues such as whether full true and fair reporting has been achieved. Audit reporting new options in audit reports, the use of Bannerman paragraphs and other key terms when preparing an assurance type report. Do you qualify for audit exemption? The main complications and pitfalls to be aware of. Current FRC hot topics and matters for consideration reliance on computer generated information, how to properly apply materiality concepts This course is aimed at partners, manager and senior audit staff AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm 65 15

16 Practical Audit: Course 1 Control: Planning, Completion and Review The purpose of this course is to go through the control aspects of the audit process and to provide the participants with some practical guidance on how they can ensure they are compliant whilst still doing a cost effective and beneficial job for the client Course contents This course focusses on individuals who are controlling the audit with more junior staff working with them. The key elements of the workshop will be: Responsibilities Planning the assignment Reviewing the work Reporting Who should attend? Partners and staff involved in audit at a senior level Key benefits of attending Partners and staff will become more confident in their audit skills AJ Bell Stadium, Manchester 9.45am 90 16

17 Practical Audit: Course 2 The Detail This course is designed for the more junior members of a team and will focus more fully on undertaking the detailed audit work and testing. Course contents The key elements of the workshop will be: The purpose of the audit Following the plan Recording work Sampling Dealing with errors The section objectives The key issues of all the major audit areas and how to address them Who should attend? Staff who have little current experience of audit Key benefits of attending This course will allow the staff to consider the purpose of the audit and to understand what they need to do and why AJ Bell Stadium, Manchester 1.45pm 90 17

18 Real Life Money Laundering Course Duration: 1.5 Hours Who Does it Benefit? Everyone working in an accountancy practice. The course can act as a reminder to the experienced or as an introduction to those new to the subject. Everyone dealing with clients and in particular those responsible for the setting up and monitoring of money laundering prevention. Methodology Through the use of short case studies, delegates will be shown the main pitfalls of the money laundering regulations. Course Aims and Objectives At the end of this course the participants will be able to: Appreciate the impact of the Regulations and the Proceeds of Crime Act Identify possible indicators of money laundering Show an awareness of best practice that affect the role of the accountancy firm in relation to money laundering Content 1 Introduction 2 UK regulatory structure, including the impact of $MLD 3 Putting procedures in place 4 Reporting money laundering 5 Tipping off 6 Problems with clients 7 Identification issues 8 Practical solutions 9 Tips 10 Conclusions 18

19 AJ Bell Stadium, Manchester 9.30am Britannia Hotel, Wigan 9.30am Best Western, Stoke on Trent 9.30am 49 19

20 Practice Regulation Update Course Duration: 1.5 Hours Overview The busy accountancy practitioner has faced a tsunami of technical change in order to service clients. There are plenty of courses to introduce and explain those changes but the rate and extent of change means there is little time to revisit previous developments or to look at broader practice administration issues. This course is designed to provide confidence that practitioners are keeping on top of their own compliance obligations and to focus on recent changes and examine how they have worked out in practice. The course is a 1½ hour lecture. Delegates are encouraged to ask questions and share experiences for the benefits of others. What you will gain Confidence that you are keeping on top of your compliance obligations. You will have the opportunity of asking questions of our expert. Who should attend Everyone in an accountancy practice responsible for the firm s compliance with professional standards. Content The course content is necessarily a response to changes in practice regulations and recent changes. However, it will typically include: Practice administration issues this session will draw on feedback from the professional bodies. It will typically include: o Practice communications developments affecting websites, letter headings, terms of business, marketing documents; o Regulatory compliance data protection, money laundering, DPB o Professional Indemnity Insurance o Dealing with client money Risk management and client service this session will look at practical aspects of servicing clients while ensuring the firm is not exposed to unexpected risks and will typically include: o Topical engagement/ disengagement issues o Topical reporting issues, including certificates and other confirmations 20

21 o Recent professional guidance on risk management Practical problems and issues this session will review a selection of recent technical changes (last 2-3 years), providing a refresher on the key points and examining their impact in practice AJ Bell Stadium, Manchester 11.30am Britannia Hotel, Wigan 11.30am Best Western, Stoke on Trent 11.30am 49 21

22 Company and Business Law Update Course aims and objectives The purpose of the course is to provide delegates with an update in business legal issues. Who does it benefit? The course is aimed at those who need a reminder of basic law that affect their business and the affairs of their clients. Contents Company law refresher Companies House news Tips for practitioners Limited liability partnerships Employment law - recent changes Consumer Protection Computer legislation Personal insolvency AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm 65 22

23 Partnership & Sole Trader Tax Tips for Accountants Over the last few years, there have been a number of important changes to the tax treatment of partnerships. But the new rules for the taxation of dividends are making unincorporated businesses more appealing than they were before. If you advise unincorporated businesses or if you are one yourself you need to make sure that you aren t missing tricks. This seminar will focus on such unincorporated businesses and a range of tax issues including: Choosing accounting dates Losses Partnership mergers and demergers Overseas partners Hobby businesses Corporate partners Partnership succession planning When to incorporate or use a service company AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 9.45am Best Western, Stoke on Trent 9.45am 65 23

24 Property Tax Update Taxing property is easy for governments, because they are fixed and it s easier to identify sources of income and gains. Fairly recently, rule changes have meant that many who were outside the UK tax net (mainly non-residents) are being brought within it, although there are still lots of opportunities for them to stay outside. Other changes to interest deduction are supposed to be cooling what is an overheating property market (well, in London, anyway), and yet more changes are in the pipeline. Whether you have clients who have full property businesses, or who are simply those who are fortunate to own more than one residence, this seminar will be useful for you. This seminar will look at a range of property-related tax issues including: Private residences: o CGT exemption o second properties o working away from home o non-residents o divorce VAT on self-build IHT planning for property ownership, including non-doms SDLT, including special cases (partnerships, company reconstructions) ATED Transactions in Land : anti-avoidance rules, isolated transactions Passing on property businesses o IHT issues o CGT AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm 65 24

25 Accounting The Difficult Bits Introduction Financial reporting for private companies is undergoing significant changes. The introduction of a new regime based on International Financial Reporting Standards represents the biggest shake up of financial reporting for private entities in a generation. At the same time, regulators are growing ever critical of the quality of financial statements. Life is getting extremely difficult for those on the front line. Using worked examples, the course is intended to provide practical guidance on the application of new accounting regime to UK entities unable or unwilling to use the exemptions for smaller entities. Who should attend? Everyone who is involved in the preparation or review of financial statements of private companies in the UK. Content Background The New UK GAAP and its impact on non-small private entities IFRS, FRS 101, or FRS 102? FRS 102, section 1A or FRS 105? Transition issues Accounting for financial instruments, including: o Accounting for loans o Forward currency arrangements o Interest rate swaps Investment properties Conclusions AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 9.45am Best Western, Stoke on Trent 9.45am 65 25

26 Solicitors Accounts Rules - Update Objectives The course will focus on the application of the SRA s Accounts Rules and the issues involved. It will ensure delegates are conversant with the detail of these provisions and are confident about their practical application. We aim the course at those who are experienced in dealing with solicitor clients and acting as reporting accountants. At the end of the course, delegates can: Appreciate the recent changes made to the Rules Demonstrate an awareness of the regulatory changes effecting solicitors in practice Understand the commercial outlook for the legal profession Who should attend This course will be of benefit to anyone advising solicitors in practice, including those involved in the work of reporting accountants under Solicitors Regulatory Authority s Accounts Rules. Content Introduction Update on recent changes, including ICAEW authorisation of ABSs Changes in risk based reporting regime Duties of COLP and COFA Trivial or Non-Trivial Breaches? Common problem areas of the SRA Accounts Rules Residual balances rules and resolutions Solicitors and money laundering cases Recent disciplinary cases involving the Accounts Rules Other news and changes to the Rules Current performance and outlook for the sector 26

27 AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm 65 Small Company Reporting in 2016 With the demise of the FRSSE practitioners are going to need to ensure that they have a full understanding of the impact that this will have on the reporting for small entities and also that they make the right choice for their clients Course contents The course will cover the following areas: The choices and who they apply to The main changes clients will face The steps that need to be taken Who should attend? Partners and managers in accounting firms who act for small entities AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 9.45am Best Western, Stoke on Trent 9.45am

28 UK GAAP for Special Categories The changes resulting from the introduction of FRS 102 have resulted in the issue of a number of special category SORPs. The purpose of this course is to consider the main issues for: Charities Pension schemes LLPs Course contents The purpose of this session will be to provide practitioners with the information that they need to navigate their way through the changes for these key special category assignments. Who should attend? Partners and staff in practices who produce accounts for these special category entities Key benefits of attending Participants will be able to understand the impact that these new regulations will have on their clients AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm

29 Financial Reporting for Charities An Update Course Duration: 2 Hours This course is aimed at those that produce charity financial statements or audit them along with charity trustees. It is an update course and as such dwells on current and topical areas. These include the guidance on public benefit, important aspects of the SORP and the topical subject of going concern in the current economic climate. The course is split into the following areas: Public Benefit; SORP requirements and Financial Reporting ; Common Charity Accounting Errors ; UK Charities Working Abroad ; and Going Concern AJ Bell Stadium, Manchester 9.30am Britannia Hotel, Wigan 9.30am Best Western, Stoke on Trent 9.30am 55 29

30 Auditing and Accounting for Pension Schemes Course Duration: 2 Hours Pension schemes are rarely far from the news these days. This course will not only cover the most salient accounting issues for pension schemes it will focus on practical audit issues such as with contributions or investments. The course aims to give the delegates a good general knowledge of the issues, history and terminology associated with these schemes so that they will not only be knowledgeable about accounting and auditing issues with schemes themselves but will also have a better general knowledge to discuss issues such as FRS 102/IAS 19 deficits with clients too. Areas covered include: The Pensions Environment; The Pensions SORP; Practice Note 15; Auditing Contributions; and Reporting to The Pensions Regulator AJ Bell Stadium, Manchester 12noon Britannia Hotel, Wigan 12noon Best Western, Stoke on Trent 12noon 55 30

31 Reporting for Social Housing Providers Course Duration: 2 Hours This course will cover the main requirements of the SORP for Social Housing Providers and look at some of the audit issues connected with these. It will include the following: How to prepare and audit financial statements which are compliant with FRS 102 and the complementary Housing Statement of Recommended Practice 2014 for Registered Social Landlords; Understanding some of the key audit issues arising in respect of the SORP and how these might be addressed; How will the presentation of social housing grant change under the latest SORP (compared with the previous version) and how will it impact on a Registered Social Landlord's balance sheet and Income and Expenditure Account? How will the presentation of the loan agreements of Registered Social Landlords change - and to what extent will the changes increase volatility in the Income and Expenditure Account? How will the holiday pay, sick pay and pension arrangements that a Registered Social Landlord has be presented under the latest SORP - and will there be any substantive changes from the previous version? AJ Bell Stadium, Manchester 2.30pm Britannia Hotel, Wigan 2.30pm Best Western, Stoke on Trent 2.30pm 55 31

32 Ethical & Technical Issues through Case Studies With so many rules and regulations that we need to comply with this course looks at some key issues that practitioners will face and how these can be dealt with. Course contents The purpose of this course is to cover some topical issues through the use of case studies. There will be a series of case studies covering a number of areas, including the following: Ethical issues Common problem areas accounts Other topical issues relating to accountants. Who should attend? Partners and staff running assignments Key benefits of attending Participants will have a clearer understanding of how to deal with some problem areas AJ Bell Stadium, Manchester 9.45am

33 Audit issues through case studies Many practitioners struggle with the application of audit standards and principals the purpose of this course is to look at practical issues that arise in practice and how these can be resolved through the use of case studies. Course contents The purpose of this course is to cover some topical issues through the use of case studies. There will be a series of case studies covering areas that cause issues including: - Going concern - First year of an audit - Independence issues Who should attend? Individuals involved in audit Key benefits of attending Participants will gain a clearer understanding of the practical application of the auditing standards AJ Bell Stadium, Manchester 1.45pm

34 Passing on the Family Business When it comes to selling a business (or even giving it away), most clients only do it once and they need to make sure they do it right because it s too late to fix things afterwards. Indeed, a lot of business disposals need preparation that can begin a number of years before the disposal actually takes place. It means a business disposal is going to be special work for the business s advisers, and indeed some clients feel that the people who deal with their accounts and tax returns might not be the right people to advise them on this lifechanging event. If you look after small businesses that grow, you will want to know you can recognise the issues and seem confident in front of your clients. This seminar will look at giving away, selling or leaving family businesses in Wills. It will include: CGT and Entrepreneurs Relief Giving businesses away and holdover relief IHT and Business Property Relief Passing businesses to employees Selling part of a business o For unincorporated businesses, is it just a sale of business assets? o For corporates, Substantial Shareholdings Exemption and demergers Selling to yourself to get 10% tax Property businesses Best Western, Stoke on Trent 9.45am Britannia Hotel, Wigan 9.45am AJ Bell Stadium, Manchester 9.45am 65 34

35 Half Yearly Tax Update As we do not know the changes that will take place in taxation at this stage it is difficult to offer a definitive synopsis. What we can say, at this point, is simply that this course will look at: recent legislative changes and proposals; case law; updates to best practice; and developments in tax planning advice Best Western, Stoke on Trent 1.45pm Britannia Hotel, Wigan 1.45pm AJ Bell Stadium, Manchester 1.45pm 65 35

36 Share Capital for Corporate and Commercial Advisors Course duration: 3 Hours Introduction Much of the UK s tax code relies on tests that refer to share capital. So it is important for tax practitioners to understand the company law issues involved and for corporate lawyers to understand what tax practitioners need. This half-day seminar will take you through many of the tax issues where share capital is relevant, giving you both technical grounding and practical advice. What you will learn Introduction o Broad overview of the tax tests o 51%, 75% and 90% subsidiaries o Ordinary share capital o Non-ordinary share capital o What is control for tax purposes? Group relief o What is group relief? o How do the tests apply? o Equity holders and normal commercial loans o Opportunities and elephant traps? What is a company / non-uk entities o Are they companies? o Do they have share capital? o Memec and Anson revisited o Practical issues Capital gains o Capital gains groups, SSE groups and comparisons with group relief groups o The substantial shareholdings exemption o Entrepreneurs relief issues o Non-share companies Share capital and distributions o Overview of the distributions rules o In respect of share capital o Other distributions issues o Liquidation, winding up and striking off AJ Bell Stadium, Manchester 1.45pm 90 36

37 Tax Investigations Tips For Accountants This course gives you the expert guidance you need in situations where HMRC have already decided to enquire into your client's tax return. It also explores avenue for making a voluntary disclosure where there has been no HMRC intervention but tax irregularities have come to light. It explores the difficult task of co-operating with HMRC while limiting the disruption, anxiety and uncertainty that an enquiry can cause. You will find useful tips to help you give the best advice in cases where your client tells you that there may be an issue with a previously submitted return. The course will help you to find the best way of resolving the problems with the past while minimising the cost. This course will enable you to: Discuss with your clients the nuances in tax Recognise the statutory rights and obligations of both HMRC and taxpayer Ensure that effective and appropriate responses are provided when an approach is made by HMRC Select the appropriate means for disclosure to guarantee the case is handled appropriately Understand the penalties and provisions of a Certificate of Full Disclosure Identify the more practical issues with agreeing a time to pay arrangement with HMRC Approach from HMRC How bad is this going to be? Are they sticking to the time limits? What can HMRC expect of you? What restrictions apply to HMRC? How should you plan a meeting with HMRC? When can HMRC make a discovery assessment? Approach to HMRC To disclose or not to disclose? Formal disclosure routes Can your client claim relief? (Continued on Next Page...) 37

38 Settlements What is the old penalty regime? What is the new penalty regime? How can an appeal be made? Independent reviews and Tax Tribunals AJ Bell Stadium, Manchester 1.45pm Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm 65 Private Company Valuations This course will help delegates to distinguish between tax calculations and such commercial considerations as fair value, recognise poor value practice and negotiate with the share valuation. During the session we will touch briefly on valuation practice, fair value and associated problems, interdisciplinary study, fiscal negotiations and success factors, valuation of majority shareholdings in unquoted companies, and will discuss in more depth:- most common methodologies an outline negotiations with SAV current HMRC policies, flavours of the month and trends AJ Bell Stadium, Manchester 1.45pm 90 38

39 Acting for Doctors An Update OBJECTIVES The course will address the main changes affecting doctors working in the NHS in England, the impact of those changes on the services that accountants can offer in the sector and a consideration of common issues about which clients ask. CONTENT The content will include the following areas: The NHS environment, CCG interaction and independent provider organisations Contract changes: GMS/PMS/APMS and NHS standard contracts Locums and expense claims Property matters NHS Pension Scheme (the 1995, 2008 and 2015 schemes) Pension tax charges and protection Retirement issues Business structures Other topical tax matters WHO SHOULD ATTEND Accountants already acting for clients in the sector who are looking for a technical update and refresher. The content assumes some existing knowledge of dealing with clients in the sector and is primarily aimed at those dealing with doctors in general practice. Course Date: AJ Bell Stadium, Manchester 1.45pm 90 39

40 VAT Update In this course we will be examining VAT issues in the areas of: Income and output VAT Land and buildings Composite supplies Income from overseas Purchases and input VAT Overseas expenditure- acquisitions VAT and the reverse charge mechanism Blocked input VAT- business entertaining 'Clawback' and 'payback' Accounting and reporting Declaring and correcting errors Bad debt relief Reporting overseas trade AJ Bell Stadium, Manchester 1.45pm Best Western, Stoke on Trent 9.45am 65 40

41 Accounting and General Business Update With all the changes that accountants are faced with it is hard to keep on top of things. In this course, Valerie Steward aims to ensure that you are aware of the key issues that you need to be on top of. It will highlight the main changes in the audit and accounting field but will also look at Practice Regulations, Money Laundering, Bribery, Client Money, Credit Regulations, Data Protection and Ethics to help you ensure that you have not missed anything! The accounting and general business update enables you to: Be assured that you are aware of the key regulation issues that you need to comply with Understand the importance for practice and where relevant your clients Plan the action needed to ensure continued compliance Who should attend? Staff and partners in practice AJ Bell Stadium, Manchester 9.45am Britannia Hotel, Wigan 1.45pm Best Western, Stoke on Trent 1.45pm