Northern Society of Chartered Accountants

Autumn Tax update

This course is specifically designed to meet the needs of practitioners with family and owner-managed business clients where good all-round tax advice is required.

An essential update for all practitioners and staff involved with clients affected by tax issues, as well as tax specialists. This course aims to keep your technical knowledge up to date to comply with the ever-changing regulatory environment.

Course information

The Government have changed the way in which tax law is being promulgated. We now get a Spring Statement with little tax content, an Autumn Budget in Mid November after consultations during the summer with further consultation with draft legislation before the Finance Bill being issued to allow greater scrutiny. We will need to monitor the progress of these changes but also keep abreast of recent tax cases and other tax developments that may impact on our clients. The course is intended not only to alert you to regulatory changes, but to highlight points which can be used in practice.

This course aims to cover the following topics:

• Budget 2019, Spring Statement 2019
• Practical implications of Finance Act 2019
• Consultations etc resulting from the budgetary cycle, their ramifications
• Future changes proposed elsewhere – such as MTD
• Recent HMRC guidance
• Recent Tax Tribunal and Higher Court decisions
• VAT developments

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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Practical Tax Conference 2019

The Residential Tax Conference that covers the topics that matter to you, your practice and your clients.

Save the date – More information will be available as arrangements are confirmed.

Course information

Join some of the UK’s most respected tax experts, industry professionals and other in-demand speakers to explore the latest on the tax developments, issues and changes that matter most to practitioners.

This ever-popular event not only gives you the chance to hear from some of the best speakers on the circuit, but also gives you the opportunity to explore the issues with them via panel sessions and during more informal networking breaks.

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Farmers – an update with Bob Trunchion

Anyone needing an update into the sector as it goes through a period of dramatic change.

A course to review and provide an update on the particular UK accounting and tax regime applicable to farmers. The course identifies some of the controversial and risk areas of tax planning and compliance for these clients.

Course information

Content will include:

• Where is farming today – diversification and tax impacts
• Succession planning, partnership agreements, divorce and death!
• Where are we on Brexit and the consequences for Agriculture – The Agriculture Bill
• Loss reliefs general and special legislation – “all one trade”, averaging etc – the HMRC attacks on losses
• Capital expenditure reliefs
• Basic payments and their phasing out and other subsidies
• Alternative farming arrangements – Share Farming and Contracting
• Farmhouses and IHT planning
• Where are we with BPR and APR with relevant case updates
• Entrepreneurs Relief and CGT planning
• The potential for Compliance checks and enquiries

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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Spring Tax Update with Bob Trunchion

This course is specifically designed to meet the needs of general practitioners, concentrating on matters that really affect your clients.

An essential update for all practitioners and staff involved with clients affected by tax issues, as well as tax specialists. This course aims to keep your technical knowledge up to date to comply with the ever-changing regulatory environment. The course is intended not only to alert you to regulatory changes, but to highlight points which can be used in practice.

Course information

With ‘Brexit’ looming but what type of Brexit remaining a mystery at the point of going to print, the Autumn Budget (which promised much and produced little, and with a minority government, we expect fiscal policy to change course, making attendance very important as we will need to consider these changes and their consequences.
These courses aim to provide delegates with a practical and intensive review of developments over the last six months as well as changes likely to occur in the near future.

This course aims to cover the following topics:

• Tax announcements in 2018 Autumn Budget
• What is in the resultant Finance Bill?
• Is there anything our clients should be doing now in the light of ‘Brexit’
• Where are we on MTD and how should we be preparing our firms and our clients
• Recent Tax cases and HMRC pronouncements
• VAT developments

Join us in the afternoon for Audit Update and current issues. Complimentary lunch will be provided for those attending both sessions.

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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Finance Act 2019 with Rebecca Benneyworth

Designed for the general practitioner in an accountancy practice to provide them with up to date knowledge.

The Finance Act is expected to receive Royal Assent before the start of the 2019/20 tax year. The Bill includes measures announced in the October 2018 Budget and other changes which had been announced earlier. This course will update you on all of the changes relevant to the general practitioner.

Course information

Course content will include:

• Income Tax
• Corporation Tax
• Capital Gains Tax
• National Insurance Contributions
• VAT
• Other property Taxes
• Tax administration, including: Making Tax Digital, Inheritance Tax, Tax Avoidance and Tax Administration

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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Finance Act 2019 – Penrith – with Rebecca Benneyworth

Designed for the general practitioner in an accountancy practice to provide them with up to date knowledge.

The Finance Act is expected to receive Royal Assent before the start of the 2019/20 tax year. The Bill includes measures announced in the October 2018 Budget and other changes which had been announced earlier. This course will update you on all of the changes relevant to the general practitioner.

Course information

Course content will include:

• Income Tax
• Corporation Tax
• Capital Gains Tax
• National Insurance Contributions
• VAT
• Other property Taxes
• Tax administration, including: Making Tax Digital, Inheritance Tax, Tax Avoidance and Tax Administration

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

More

Preparing your client for Making Tax Digital – Penrith – with Rebecca Benneyworth

Rebecca Benneyworth will provide you with the latest developments in Making Tax Digital.

To provide a full understanding of the current state of implementation of the Making Tax Digital project.

Course information

Content

MTD for VAT
• What the law requires
• Transition to the new system
• Options for those not within mandation
• HMRC guidance
• MTD for income tax

Proposed timetable
• Progress of the pilot
• Preparing your practice
• Preparing your client

MTD for corporation tax
• The proposals

Target audience

The course will appeal mainly to members in practice. Members in business may find the VAT content useful.

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

 

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Preparing your client for Making Tax Digital with Rebecca Benneyworth

Rebecca Benneyworth will provide you with the latest developments in Making Tax Digital.

To provide a full understanding of the current state of implementation of the Making Tax Digital project.

Course information

Content

MTD for VAT
• What the law requires
• Transition to the new system
• Options for those not within mandation
• HMRC guidance
• MTD for income tax

Proposed timetable
• Progress of the pilot
• Preparing your practice
• Preparing your client

MTD for corporation tax
• The proposals

Target audience

The course will appeal mainly to members in practice. Members in business may find the VAT content useful.

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

 

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Procedures, PI Time Bombs, Regulation and Risk in the tax engagement with Bob Trunchion

The course builds on Bob’s experience in this complex area and is aimed at not just tax practitioners but, particularly, all general Partners and staff dealing with any client’s tax affairs.

Recent Finance Acts have not only increased the complexity of the tax engagement, they have dramatically increased HMRC’s powers, massively changing the landscape in our relationship with both HMRC itself and with our clients. This combined with our clients restricted cash flow means that in this increasingly litigious age, anybody involved in tax could be on the receiving end of a claim.

Course information

The course will look at equipping participants with a refresher on how we should be reacting to this world on increasing complexity and if we don’t, an understanding of the world of PI, how claims arise, procedures to be adopted and, just as importantly, ways of reducing the chances of them arising in the first place.

The course also needs to outline some of the myriad of complex rules governing what we can or cannot do as accountants.

When Bob joined MHA MacIntyre Hudson, he became involved in a PI claim that took years and years to sort out. Since then, he has become devoted to trying to stop accountants from falling into bear traps when dealing with the tax affairs of their clients. Recently, he has been approached by several of the larger players in the PI market to amplify the facts that tax claims are the most likely claims for accountants to be caught over and the numbers are going through the roof!

Course content

• A refresher on Regulatory problems such as the Criminal Finances Act, GDPR, Reserved Activities which all can hit the complexities of giving tax advice and compliance!
• How are we doing on DPB activities – are the QAD interested?
• Where are we on PCRT?
• How does it affect the tax planning you offer your clients – what would QAD be looking for?
• How are we adapting (or have we) to a digital age?
• An introduction to PI and risk management
• A selection of case studies that look at where things have gone wrong in areas such as the following:
– Failed tax planning
– PAYE
– VAT
– CT etc

The case studies are all based on real PI or reported tax cases.

Join us for the morning session: CGT and IHT Planning. Lunch will be included for delegates attending both sessions.

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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CGT and IHT planning with Bob Trunchion

Course content aimed at all partners and staff who advise business owners and SMEs.

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 and the key capital gains tax and IHT issues.

Event information

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 a succession plan in place!

This course is intended to provide delegates with a refresher and to keep them up to date with the capital gains tax and the inheritance tax changes affecting this area. The course will be particularly relevant to those advising business owners and high net worth individuals to alert them to the latest tax planning opportunities. With MTD on the horizon, remaining the close trusted advisor for the client will be vital for our future profitability and this is a vital where we can contribute.

The course will include:

• Tax tips when spreading shares between family members
• ER pitfalls and planning
• Protecting businesses on divorce/bankruptcy
• Maximising inheritance tax business reliefs
• pensions
• Share schemes 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, Transactions in Securities, alphabet shares and lots of other areas

Join us for the afternoon session: Procedures, PI Time Bombs, Regulation and Risk in the tax engagement. Lunch will be included for delegates attending both sessions.

Cost

Rate	Cost
Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT

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