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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Making Tax Digital – start here! with Rebecca Benneyworth

Rebecca Benneyworth provides the latest developments for Making Tax Digital

This course will cover all of the issues in relation to the roll out of Making Tax Digital to the remaining VAT population in 2022 and more importantly, helping you to prepare for the introduction of Making Tax Digital for Income Tax scheduled for 2023. It will explain in detail what you need to do to prepare your client base for the implementation of MTD for income tax and what steps to take now in preparation.

Course Information

Course content

  • MTD for VAT – the last phase of implementation; dealing with the remaining clients not currently within MTD; identifying digital exclusion and what to do about it and when; digital links – some practical illustrations; software – from spreadsheets and bridging to full cloud based systems
  • MTD for income tax – planned timeline
    • Who is in, who is out?
    • When will they come in? New businesses; Accounting periods
    • What do they have to do? Digital records – content and format; quarterly submissions – when, how, what? Tax estimates??
    • The annual ‘wrap up’ and how it fits into it all
    • The end of the self assessment return? Or not??
  • Practical steps and my top tips; what services will you provide? Are you geared up for this internally? How has it affected my practice? How have my clients coped?
Cost
Rate Cost
Price £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021.

Please note that the respective discount of £30.00 and £15.00 will automatically be applied to the checkout and will be dependent on the membership level of each delegate.

If you are currently on a career break or retired please ensure to answer the form question.

Discounted rate
Price: £60.00 + VAT
Retired/Career break: £30.00 + VAT

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Finance Act 2021 with Rebecca Benneyworth

An essential Tax update with Rebecca Benneyworth

This absolutely essential course will take you through the Finance Act 2021 step by step and identify all content relevant to the general practice adviser, explaining the impact of any changes. The course will highlight areas of advice and issues to raise with clients and any changes you will need to make to your practice procedures as a result of the changes.

Course Information

Content

All content in the Finance Act 2021 will be covered if it is relevant to the general practice accountant. Members working in business will benefit from some of the content, although it may not all be relevant to them. The course will cover the content of the Act under the following headings:

  • Business and corporation tax, including new loss reliefs
  • Personal income tax including employment taxes and benefits in kind
  • Savings and pension tax measures
  • Capital Gains Tax
  • Other Capital taxes changes
  • Tax administration, including a range of new penalties

Who Should Attend

The course is aimed at all practitioners and staff who work in tax and have a reasonable level of tax knowledge, and should be regarded as essential CPD for those individuals. The course will also be of some benefit to those working in business who need up to date tax knowledge as part of their job.

Cost
Rate Cost
Price £90.00
Retired Member £45.00
Career Break Member £45.00

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021.

Please note that the respective discount of £30.00 and £15.00 will automatically be applied to the checkout and will be dependent on the membership level of each delegate.

If you are currently on a career break or retired please ensure to answer the form question.

Discounted rate
Price: £60.00 + VAT
Retired/Career break: £30.00 + VAT

More

General Practitioners Quarterly Meeting

A quarterly meeting for small & sole practitioners.

An opportunity for ICAEW members who work in a small practice or is a sole practitioner to meet to discuss topics that matter to them.

Event information

Join our quarterly roundtable discussion group for small practice or sole practitioners working across the Northern region. The discussion topics have been suggested by members in practice. At each meeting we will get a general update from your ICAEW Practice Committee (IPC) Representative Geoff Little.

Programme
Time Session
12:30 Welcome
12:35 Update from IPC Rep – Geoff Little
12:45 Speaker
13:15  General discussion, sharing of best practice, networking
14:00 Close
Cost
Rate Cost
ICAEW Member No Charge

 

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Making the most of your practice visit – General Practitioners Quarterly Meeting

A quarterly meeting for small & sole practitioners.

We will be joined by QAD Manager, Chris Greenhalgh, who will guide members through your practice visit.

An opportunity for ICAEW members who work in a small practice or is a sole practitioner to meet to discuss topics that matter to them.

Event information

Join our quarterly roundtable discussion group for small practice or sole practitioners working across the Northern region. The discussion topics have been suggested by members in practice. At each meeting we will get a general update from your ICAEW Practice Committee (IPC) Representative Geoff Little.

Programme
Time Session
12:30 Welcome
12:35 Update from IPC Rep – Geoff Little
12:45 Speaker
13:15  General discussion, sharing of best practice, networking
14:00 Close
Cost
Rate Cost
ICAEW Member No Charge

 

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Welcome to Northern Society of Chartered Accountants

Join our informal coffee morning to find out about local activities on offer

Join us for our informal coffee morning to find out what activities are on offer to young/recently qualified members locally. This will also be an opportunity for you to network (virtually) with your peers.

Event Information

Our coffee morning will be hosted by Northern Society Committee members Oliver Deacon, Alex Gent and Joe Walsh who will be happy to hear your views.

Cost
Rate Cost
ICAEW Member No Charge
About Northern Society of Chartered Accountants

Northern Society of Chartered Accountants (NorSCA) represents 4,000 ICAEW members and ACA students working in business and the finance profession across the North East of England, Teesside, northern Yorkshire and Cumbria.

We have been assisting businesses in the north of England and producing chartered accountants for over 130 years.

About ICAEW

There are over 1.8m chartered accountants and students around the world – talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.

Over 181,500 of these are ICAEW Chartered Accountants and students, a powerful and diverse network of talented people, whose initiative and integrity help economies thrive. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.

We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We speak for the profession, uphold standards and campaign for progress in a volatile world. We work with others to develop strong, accountable and open economies where people can trust data, leaders can make good decisions, public finances are transparent and businesses are accountable.

ICAEW (Institute of Chartered Accountants in England and Wales) is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.

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General Practitioners Quarterly Meeting – CABA update

A quarterly meeting for small & sole practitioners.

Event information

We will be joined by CABAs representatives who will update members on the well being and resilience resources that are available to members and their families.

Join our quarterly roundtable discussion group for small practice or sole practitioners working across the Northern region. The discussion topics have been suggested by members in practice. At each meeting we will get a general update from your ICAEW Practice Committee (IPC) Representative Geoff Little.

Cost
Rate Cost
ICAEW Member No Charge
Programme
Time Session
12:30 Welcome
12:35 Update from IPC Rep – Geoff Little
12:45 Speaker
13:15  General discussion, sharing of best practice, networking
14:00 Close

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Retired members virtual visit to Beamish Museum

We are delighted to invite our retired members to join us for a further virtual tour of Beamish the living museum of the North.

Beamish is an open air museum located at Beamish, near the Town of Stanley in County Durham, England.The museum’s guiding principle is to perserve an example of everyday life in urban & rural North East, England at the climax of Industrialisation in the early 20th century.

Event information

Our March meeting will see a tour of the 1900s Pit Village, showing a colliery community at the time of Peak Coal production in the North East.

Garage, cars, motorcycles and bikes and cycle works, which are a replica of a typical early 1900s garage.

Co-op Store, grocery, drapery and hardware departments, which was moved from Annfield Plain in County Durham.

Town see how families lived and worked in the years leading up to the First World War.

Pit Village, the Francis Street cottages came to Beamish from Hetton-le-Hole, on Wearside, and were orginally built in the early 1860s by Hetton Coal Company. Six of the original row of 27 homes were moved to the museum in 1976 and rebuilt in the Pit Village.

Whilst this event is predominatly for retired members, if other members wish to attend then you are very welcome to come along.

Tour to cover Pit Village, showing a colliery community.

Speaker

Simon Woolley, Head of Learning at Beamish, The Living Museum of the North.

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Pensions & other year end tax planning

Northern Society of Chartered Accountants www.norsca.co.uk

This course will look at the world of pensions to see how they impact upon clients, especially in the area of retirement and estate planning.

With people living to a much greater age, various governments, to try to encourage people to save for the future, changed the pensions’ regime dramatically in 2006 and have played around with it incessantly thereafter.

Event information

So the system remains horrendously complex but the rules present many opportunities. The course will look at the world of pensions to see how they impact upon clients especially in the area of retirement and estate planning. It is not a financial services course and will not be dealing with products from a financial services aspect but will be looking at how the latest available products can assist the tax planner!

We are also going to have to deal with the delayed Budget – will this start to raise taxes to pay for the massive borrowings caused by Covid?
So we need to have a look apart from Pension Contributions at what is feasible to do before 5 April 2021

Content

  • Contributions – quantum and pitfalls – Lifetime limits, Annual Allowances, Employer contributions – a quick reminder – why should we make a contribution now?
  • Planning advice – not just registered pension schemes;
    • What else can you save into that could be tax efficient? What about Cash rich companies…. How is BADR and BPR developing alongside pensions;
    • Why spend your pension when you could spend your ISAs?
    • Third party contributions;
    • Capital Tax planning in the light of the changes – is it more counter intuitive than you think?
  • Other Year End Planning including looking at:
    • Cash extraction,
    • Tax efficient benefits,
    • Is there any thing we need to do on loss relief?

Who should attend:
Partners and staff involved in the provision of advice to clients particularly in the area of estate planning and related items.

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Later Life Tax

Drawing on the experience of our two speakers – Rebecca Benneyworth and Karen Barwick – the aim of this course is to provide tips for those key moments which can require careful tax planning and financial arrangements as clients start to contemplate their business exit and retirement.

This half day on-line course will benefit partners, manager and other members of staff who need to give tax and financial planning advice to business and personal clients.  A reasonable tax knowledge is assumed.

Our two speakers will cover:

  • Differences between Enduring and Lasting Powers of Attorney;
  • Risks associated if you do not make a will;
  • Vulnerable client policy;
  • Different routes to care funding and pitfalls to avoid;
  • Capital gains tax issues – private residence relief; maintaining the relief; gifts of assets; business asset disposals;
  • Income tax issues – pre-owned asset charge (a refresher); other income tax issues;
  • Inheritance tax – implications of financial plans; residential nil rate band and downsizing relief.

Cost

Rate Cost
Member £90 (plus VAT)
Retired member £45 (plus VAT)
Career break member £45 (plus VAT)

There is a discount available of one third off prices on all NorSCA virtual CPD until 31 December – it will be applied automatically when you “check out”.

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Making tax digital update

Rebecca Benneyworth has been an advocate of MTD since the consultation period in 2016 and remains keen to ensure that as many smaller firms and businesses as possible take advantage of these changes.

This session is an essential update for anyone working practice in accounts or tax as Rebecca will give delegates a clear idea of what processes they will need to adopt to serve clients in a completely new reporting environment. It would also be suitable for those working in business, although there is little detail as yet on plans for corporation tax.

This session will look at the July 2020 announcements from HMRC in regard to the process not only of the MTD project, but to what might develop with personal and business tax accounts over the next few years. It will cover the current requirements for VAT as a refresher, picking the tricky areas, and then move to the meat of developments to come through to 2023 when we shall see full mandation for income tax.

Content will include:

  • MTD for VAT requirements – a brief refresher; tricky practical areas
  • April 2021 developments – full digital links in place – how to achieve this
  • April 2022 developments – everyone in for VAT! Dealing with very small businesses. To deregister or not?
  • Income tax self assessment – the timeline. 2023 mandation – who will it affect? What will be needed? How will the mechanics work? What about very small businesses? Landlords and holiday lets.
  • Corporation tax plans and proposals
  • Where to with digital tax accounts?

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