Top 25 errors that accountants make
Date: 27 November 2018 13:00 for 13:30 - 16:30
Type: Audit Assurance and Financial Reporting, Course, Tax
Organiser: Tyne and Wear
The course will cover areas that practitioners regularly advise OMB’s on and will highlight the potential problems in these key areas. We will also aim to cover missed opportunities!
Course information
The following topics will be covered:
• Not appreciating the opportunities savings income offers OMBs
• Thinking clients will not be interested in electric cars
• Not utilising the trivial benefits exemption
• Not dealing with off-payroll workers in the public sector correctly
• Thinking the off-payroll public sector rules will never extend to the private sector!
• Not fully understanding how the new buy-to-let finance charge rules work
• Thinking that all landlords will benefit from incorporating
• Incorrect use of rent-a-room relief
• Misuse of the trading and property allowances
• Not dealing with PILONs correctly – pre and post April 2018!
• Not appreciating the impact of the Scottish income tax rules or when they apply
• Not fully appreciating the implications of property transfers between spouses
• Neglecting planning and compliance for returning non-residents
• Not giving capital allowances due care when buying commercial property
• Not performing our own reasonableness checks on motor expenses
• Uncertainty on acceptable levels of wages to spouses and older children
• Thinking Alphabet shares are a bad idea!
• Using dividend waivers without due care and attention
• Under estimating the importance of company pension contributions
• Thinking the new winding up rules catch all capital distributions
• Using restricted right shares for spouses
• Ignoring the concept of beneficial owner for dividends
• Any other errors that come to my attention!
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
Speaker
Dean Wootton
Dean Wootten has been involved in tax training for many years and lectures on a wide variety of tax matters. Dean started his career as a Chartered Accountant, qualifying with Grant Thornton in 1988. Dean then spent two years overseas with KPMG before returning to a medium sized provincial firm in Sussex. Shortly after returning to the UK Dean qualified as an Associate of the Institute of Taxation in 1991.
Whilst in practice Dean gained valuable experience including five years at partner level. The experience gained enables Dean to focus his lecturing on the practical aspects of the issues presented.
Together with Chris Jones, Dean was a founder director of Online Tutors Limited, a company specialising in providing online CPD training.
Dean is also the senior lecturer on the CTA VAT route at Tolley’s and the EU VAT paper on the ADIT international tax exams..
Dean is a regular contributor to Taxation magazine where his articles have got a reputation for providing clear practical advice.
In 2014 Dean worked with the Bahamian Government in preparation for the introduction of VAT in the Bahamas from 1 January 2015
For a number of years Dean has provided VAT consultancy advice to practitioners throughout the UK. Dean is uniquely placed to provide practical advice in such a specialist area – he has unrivalled VAT technical knowledge but is able to get this across to practitioners and clients in a very clear manner.
How to book
The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.
You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.
Alternatively you can download a booking form or book by email.
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