Northern Society of Chartered Accountants

Tax update – Spring 2023

Join Martyn Ingles for his half yearly Tax update.

There were lots of changes in 2022, not just chancellors and prime ministers, but also tax announcements and subsequent U-turns.

Course Information

This Spring tax update will clarify what changes have been enacted after all, and will also highlight the tax changes that are proposed for the future.

Content will include:

The course aims to cover the following topics:

• Tax announcements in the latest Budget
• Practical implications of Finance Bill 2023
• MTD and the new basis periods for unincorporated businesses
• The new corporation tax rates and the associated company rules
• R&D developments, focusing on tax credit relief for SMEs
• Recent Tax cases and HMRC pronouncements

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

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

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Efficient audit and independent examination of charities

Join Peter Herbert on how to efficiently audit or independently review charity account.

Thresholds for the audit and independent examination of charities are much lower than those for companies in the ‘for profit’ sector, yet the standard of work required by professional bodies is just as high.

Course Information

The content for this seminar will be informed by file reviewer feedback and will cover all the challenging aspects practitioners encounter day to day. The focus will be on how to produce a compliant audit/independent examination file as efficiently as possible.

Content will include:

• Thresholds for audit/independent examination and frequently asked questions
• Important planning requirements for smaller charity audits
• Key challenges when auditing income and how to resolve them
• Charity specific accounting estimates – practical problems and solutions
• Completing the charity audit, including going concern and communication with those charged with governance
• Getting audit report wording right
• Top tips for producing an effective independent examination file

Who should attend the seminar?

• Accountants in professional firms who audit and/or independently examine charity accounts

Cost

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

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Tax planning Ideas for small businesses with Rebecca Benneyworth

Join Rebecca Benneyworth for her topical tax planning ideas for small businesses.

This session will draw together a range of planning tips relevant to small businesses – whether sole traders, partnerships or small limited companies.

Course Information

The course will focus on practical steps you can take to advise clients effectively and to choose the best tax saving strategies to suit their needs. Topics will include:

• Incorporation – is it all over? What is the right advice in 2023?
• Extracting profits from the small company – best tax strategies
• Getting it right with director loan accounts
• Unincorporated businesses – what tax planning opportunities are there?
• Are partnerships the answer?
• Retirement strategies

The course is suitable for those working in general practice with a sound grasp of tax principles, and can also act as a refresher for tax practitioners who want to check that they are still on top of the latest issues.

Cost

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

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Financial reporting for small companies

Join John Selwood for this financial reporting update for small companies.

This session is an update and refresher targeted at small companies.

Course Information

This is a topical course and its content will reflect that, but is likely to cover:

• Recent amendments to FRS 102 and proposed changes
• The accounting options for small companies
• Common accounting problems
• Eligibility for small company and group exemptions
• A comprehensive guide to small company disclosure and presenation

Suitable for: This update is for all accountants in practice or industry and commerce who prepare financial statements under UK GAAP for small companies.

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

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20 Common errors in charity accounts and how to fix them

Join Peter Herbert for this popular charity update.

Charities are different! from their sources of income to the very reason they exist these differences are reflected in charity financial statements.

Course Information

This course will highlight a range of challenging aspects of financial statements presentation that accountants struggle with and provide practical guidance on getting them right.

Content will include:

• The Trustees’ Annual Report
• Analysis of income and expenditure
• Fund disclosures and analysis
• Transactions with trustees and other related parties
• Disclosures about investments, fixed assets and heritage assets
• Remuneration disclosures
• Different disclosure requirements for larger (>£1M income) and smaller (<£1M income charities)

This course is for accountants working within the charity sector and in professional firms of accountants who prepare, audit and/or independently examine charity accounts.

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

 

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Autumn Tax update with Bob Trunchion

Join Bob Trunchion for his regular half yearly Tax updates.

This course has been specifically designed to meet the needs of general practitioners, concentrating on matters that really affect your clients – achieving these aims for 30 years. Attending every six months not only gives you targeted CPD but alerts you to what you need to know. It is presented by an experienced speaker who has been training for the Northern Society of Chartered Accountants for all that time and understands the local environment.

Event Information

This course has proved to be the essential update for all practitioners and staff involved with clients affected by tax issues, as well as tax specialists for 30 years! The 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 such technical changes, but to highlight practical points which can be used in practice.  

By the time of the Course, changes to supply chains and other matters due to Brexit will be settling down and, hopefully, the Covid-19 Pandemic and other winter bugs should be easing. We will have had a Budget in the Autumn of 2021. Whilst this is heralded as just a “technical” Budget, there is still plenty of scope to change capital taxes in the UK given all the technical proposals that have been made by the OTS!

Clearly, there should be another Budget come the Autumn of 2022.

Whether “major or a minor” Budgets, all the above factors will combine to give a considerable amount of content to cover!

Content

This course aims 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 2021 Autumn Budgets
• What was in the resultant Finance Act 2021 and will be in Finance Bill 2022?
• Is there anything our clients should be doing now in the light of the increases already announced to CT and NIC
• Where are we on MTD, its delayed introduction and how should we be preparing our firms and our clients
• Where are we on the “level playing field” like the extension of IR35, the NMW/NLW etc?
• Recent Tax cases and HMRC pronouncements
• VAT and indirect tax developments including import and export solutions, ATED revaluations
• Other regulatory announcement affecting the Tax Profession such as on AML, CCOs, PCRT and all the other regulatory matters where we have to keep up to date.

Cost – webinar rates

RATE	COST
Price	£60.00 + VAT
Retired Member	£30.00 + VAT
Career Break Member	£30.00 + VAT

Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE	COST
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

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Property accounting – all the important considerations for accountants with Peter Herbert

Most practitioners act for clients that have some accounting issues relating to property. Many act for professional landlords, property traders or property developers. Most other clients will own or rent property – which create their own accounting challenges. This session will look in depth at all the relevant issues and consider solutions in the event that either FRS 102 or FRS 105 is being applied.

 

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Are you ready for changes in auditing in 2023? with John Selwood

Join John Selwood for his update on the significant changes in audit for 2023.

This session will cover the significant changes arising from:

• ISA (UK) 315 (Revised July 2020) Identifying and Assessing the Risks of Material Misstatement and
• ISA (UK) 240 (Revised May 2021) The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
• Revised/New International Standards on Quality Management

Revised ISAs 315 and 240 are effective for periods beginning on or after 15 December 2021. In most cases this means that the changes will apply to December 2022, year ends,

Revised ISQMs apply from 15 December 2022.

Event Information

This course will cover:

ISA 315 (Revised)

• Overview of the revised ISA
• The more granular risk assessment
• Spectrum of risk
• Identifying significant risks
• Internal controls – general IT controls
• Other detailed revised requirements

ISA 240 (Revised)

• Overview of the revised ISA
• The auditor’s responsibilities in relation to fraud
• The audit team discussion
• Use of experts
• Dealing with whistle-blowers
• How to appropriately apply scepticism
• Management override
• Testing journals

Revised ISQMs

• Overview of ISQM 1, ISQM 2 and ISA 220 Revised
• Establishing quality objectives
• Risk assessment – identify and assess risks
• Monitoring and remediation processes including root cause analysis
• Documentation
• Using off-the-shelf solutions

Suitable for: This update is for all auditors.

Cost – webinar rates

RATE	COST
Price	£60.00 + VAT
Retired Member	£30.00 + VAT

Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE	COST
Price	£90.00 + VAT
Retired Member	£45.00 + VAT

 

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

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The A to Z of small and micro entity accounts with Peter Herbert

A small and micro entity accounts update with Peter Herbert.

Although FRS 102 Section 1A and FRS 105 came into force back in 2016, they still throw up lots of issues. This course will address all the most frequently asked questions.

Event Information

Topics covered include:

• The format of Section 1A accounts and how they differ from those of larger entities
• Abridging and filleting – what these terms mean and why they matter
• Accounting for related party transactions
• Other disclosure hot topics
• The impact of recent changes to FRS 102 – and the COVID-19 pandemic
• Common errors and how to avoid them

Who should attend the seminar?

• Partners, managers and staff in accounting firms and in industry with an interest in small and micro entity financial statements.

Cost

Rate	Cost in venue	Webinar cost
Price	£90.00 + VAT	£60.00 + VAT
Retired Member	£45.00 + VAT	£30.00 + VAT
Career Break Member	£45.00 + VAT	£30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

More

Common disclosure errors in financial statements with John Selwood

John Selwood will guide you through topical disclosure issues for accountants that prepare financial statements in UK GAAP.

This course will look at the real world disclosure problems being faced by practitioners, and the real world, practical solutions.

Event Information

It will cover FRS 102 (including FRS 102 1A for small companies) and FRS 105 together with any relevant ICAEW guidance. Presentation and disclosure issues will all be covered.

This is a topical course and the content will reflect that.

The course will cover issues such as:

• Post balance sheet events
• Going concern disclosure
• Transactions with directors and other related party transactions
• Disclosure of guarantees and security
• Financial instruments
• Eligibility for small and micro company exemptions
• FRS 102 1A problem areas
• Meeting minimum disclosure requirements for small and micro companies
• Companies House issues

Suitable for: This update is for all accountants in practice or industry and commerce who prepare financial statements under UK GAAP. The issues covered will apply for small and large companies.

Cost

Rate	Cost in venue	Webinar cost
Price	£90.00 + VAT	£60.00 + VAT
Retired Member	£45.00 + VAT	£30.00 + VAT
Career Break Member	£45.00 + VAT	£30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

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