Cumberland | Northern Society of Chartered Accountants

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Farming Conference

This full day conference has been designed to update you on hot topics for those that have farmers are their clients. Lunch and refreshments are included within the cost of the course.

Topics covered and programme for the day:

0900 Registration and refreshments

0930 Welcome & introductions

0930 Succession planning – Heather Wildman, Saviour Associates

1115 Refreshment break

1130 Agriculture and Income tax – some common pitfalls including the HMRC campaign on sideways loss relief – Bob Trunchion, MacIntyre Hudson

1300 Lunch

1400 IHT/CGT Planning – Bob Trunchion, MacIntyre Hudson

1500 Refreshment break

1515 Benefit of Benchmarking – Robert Craig, Dairy Farmer

1600 The state of the farming industry – Neil Wilson, HSBC

1645 Q&A

1700 Close

Cumberland Society of Chartered Accountants Christmas Lunch

The Cumberland Society of Chartered Accountants is delighted to invite you to the Annual Christmas Lunch to be held in the Auctioneer Suite at The Shepherds Inn, Carlisle on Thursday 7 December 2016 at 12.30.

The cost of lunch includes a three course meal plus coffee and mince pies. At the time of booking please state if a vegetarian option is required.

First steps into management

Becoming a manager is a difficult albeit rewarding experience. Much of our future leadership style is shaped by these first experiences of managing others yet few people get time to prepare for these first steps. In this session we will start to explore what you can to give yourself the best chance of success as a Manager looking both at your personal effectiveness and how to get the best from your team.

By the end of this first steps into management session you will be able to:

describe the type of leader/manager you want to be,
set yourself up for success in your role as a manager,
explain the importance to building successful relationships with your team members,
outline tips for difficult conversations and effective feedback discussions and
avoid the pitfalls that many new managers make when becoming the boss.

Finance Act 2017

Summer 2017 sees possibly the last Finance Act at this time of year, with new Budget dates to run in the autumn, the future of the annual Finance Act is unclear. But the 2017 Act promises to go out with a bang rather than a whimper – the Bill when published was huge.

Course content will include:

Income Tax
Corporation Tax
Capital Gains Tax
New domicile rules for individuals
National Insurance Contributions
VAT
Other property taxes
Tax administration including Making Tax Digital
The Sugar Levy – a brief overview
Inheritance Tax
Tax Avoidance and Tax Administration

Acting for academies

In this session David will take a look at audit and financial reporting hot topics for practitioners acting in the academies sector. He will also provide a summary of key changes within the current Academies Financial Handbook and Accounts Direction relevant to the 2017 academy reporting season.

Acting for Academies

Essential updates for those who have academies as their clients.

This course will provide a timely and informed update on the key issues facing academy accountants and auditors in 2019.

Course information

Content
The specific course content will vary as requirements develop, but will cover the following areas:
• Going concern in the academies sector
• Related party transaction reporting
• Accounts Direction 2018 to 2019
• Acting for multi-academy trusts
• Academies Financial Handbook – key changes
• Regularity reporting update
• Academy audit and accounting – common issues and hot topics
• Other financial reporting developments

Cost

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

Audit Update

Review latest requirements of ethical and auditing standards plus feedback from QAD on audit practice. You will receive practical guidance on current audit issues.

Course information

The course will cover:

FRC Ethical Standards in practice
ISQC 1 and its impact on your firm wide procedures
Audit implications of new UK GAAP and triennial review
Auditing disclosures
Auditor reporting
Reporting on other information
Going concern
Can you audit a micro?
Developments in audit practice – bank letters, data analytics
Audit compliance reviews and root cause analysis

Cost

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

Cumberland Society of Chartered Accountants Annual Dinner 2017

The Cumberland Society of Chartered Accountants is delighted to invite you to their Annual Dinner to be held on Friday 10 March 2017 at The Roundthorn Country House Hotel, Penrith at 19:00 for a 19.30 start.

Black Tie Dinner with drinks reception

The dinner, which is black tie, will commence with a drinks reception at 19:00 attended by a photographer from Carlisle Living Magazine. A three course meal will be served from 19:30 followed by speeches.

Speakers

This year’s speakers are Cumberland Society of Chartrted Accountants Chair Lisa Murchie, ICAEW Deputy President Nick Parker and our guest speaker Derek Redmond.

Guest Speaker Derek Redmond

Derek enjoyed a long and successful athletics career during the 1980s and 1990s which saw him break the British 400m record twice and challenge American dominance of the event. He was a prominent member of the British 4 x 400 meter relay squad that took gold at the 1991 World Championships, the 1986 European Championships and the Commonwealth Games of the same year.

He is perhaps best remembered for an incident during the 1992 Barcelona Olympics 400m semi-final which in 2012 was voted the 3rd greatest Olympic moment in history in a poll of viewers of the US broadcaster NBC. Even President Barack Obama once referred directly to Derek’s perseverance on the day as a prime example of the Olympic ideal.

Tipped as one of the favorites for gold, Derek unfortunately tore a hamstring on the back straight but, full of determination, picked himself up to somehow finish the race. He and his father, Jim, who had made it through security onto the track to help, were cheered home by the Spanish crowd in incredible scenes that summed up the power of the human spirit.

The injury Derek sustained that day was worse than at first thought and, after seven operations in under two years, he was forced to retire from athletics. However, he isn’t the type of man to give in and, in a resolute response to his specialist saying that he’d never represent his country again, Derek went on to play basketball for England and just missed out on an England Rugby 7s cap – yet more evidence of his ability to excel at almost any discipline!

Nick Parker, ICAEW Deputy President

Nick is a tax partner with RSM UK. He has had a wide portfolio of clients including professional partnerships and UK subsidiaries of overseas parent companies, but he has mainly specialised in the SME sector. During his time on Council he has chaired a variety of committees including the Members Board, the Committee of Council and the Audit Committee. He was Chairman of Council for three years.

During his career, Nick has lived in Hampshire and has worked in London, Edinburgh, Southampton and Basingstoke. He is married with two grown up sons, one who is an equine surgeon and the other who is an equine yard manager.

In his spare time he likes to undertake adventures – he trekked to the base camp of Everest, trekked in Patagonia, sailed from Sydney to Cape Town across the Southern Ocean as part of the Global Challenge Yacht race and most recently attempted to climb Mount Aconcagua in Argentina, the highest mountain in the Western hemisphere. He also held a private pilot’s licence which has lapsed.

Event information

Tables of 8 and 10 will be available along with mixed tables for individual members wishing to attend.

There will be a choice of starters and desserts on the evening but you must pre order your choice of main meal.

Cost

Tickets are £42 (£35 plus VAT).

Employment Taxes – a must not miss update!

2017 sees the end of the first year operating the new employee expenses regime, and further changes afoot, including Apprenticeship Levy for some employers.

It will also be an opportunity to start payrolling benefits for clients and reducing the annual P11D workload.

This course will update you on all of the changes for the new tax year, and look in detail at the changes in the expenses rules. Other practical planning and compliance points will be covered as they arise.

Content will include:

Basic changes – PAYE and NIC thresholds; changes affecting the basic operation of PAYE and NIC; Scottish tax devolution
Reminder : NIC for apprentices and other young workers
Apprenticeship levy : quick outline; where to find out more
Employment allowance for very small companies; what should director’s salary be?
Living wage and minimum wage update.
Auto enrolment issues coming up
Travel and subsistence expenses – dealing with the first year end; changes to the travelling expense rules; compliance points to watch
IR35 changes from April 2017 – is it the end of IR35?
Changes to taxation of benefits in kind in the last 12 months; future changes that have been announced.
Payrolling benefits – time to start? What are the issues?

Cumberland Autumn Golf Competition 2016

A Cumbrian golf course situated in a splendid location between the delights of the Eden Valley and the majesty of the Lake District. The Lakeland fells provide a magnificent backdrop to this par 69 course formed in 1890.

Located high above the lovely town of Penrith, this moorland course offers a worthy challenge to any visiting golfer. A clear day will have the added advantage of providing some of the finest views of the mountains of the Northern Lake District.

Competition

Members of the Society and their employees or students are invited to compete for the William Milburn Salver and in addition to invite a guest to compete for the George H Pratt Rose Bowl.

Both competitions are Single Stablefords and handicaps will be the lowest Club handicap with a maximum of 20.

Cost

■   The competition entrance fee will be £5.00 per person.
■   A green fee of £25.00 per person will be payable by those who are not members of Penrith Golf Club.
■   If you would like to stay for the evening meal this is priced at £11.00 per person.

To save time on the day we would like to ask each member and guest to pre-order their evening meal should they require it using the attached booking form. Please note that all golfers will eat together when the final group have finished.

Please circulate the notice so that all those who are eligible are informed and return the booking form (which is attached) to the address below no later than 23 September 2016.

Payment

In order to simplify administration, and avoid the handling of large sums of cash on the day of the competition, will competitors please pay in advance with the entry application.

Please make your cheque payable to “robinson and co”, for the full amount calculated.

Please enclose your payment with the completed form and return no later than 23 September 2016 to:

Peter Ellwood,
c/o robinson+co,
Oxford Chambers,
New Oxford Street,
Workington,
CA14 2LR
T: 01900 603623
F: 01900 601782
E: [email protected]