Northern Society of Chartered Accountants
At the heart of northern business since 1882
Corporation tax refresher and planning
The course is relevant for accountants both in industry and in practice, and tax advisers, who need an update on Corporation Tax, together with illustrations of Tax Planning opportunities available.
This very practical course will review all the latest Corporation Tax changes and developments, together with changes to the legislation, and the impact of recent case law. Case studies will illustrate the changes and provide practical planning tips.
Course information
A very detailed Corporation Tax refresher and an illustration of the latest Corporate Tax Planning areas available.
Course will provide:
- A very practical refresher, relating to Corporation Tax.
- Tax planning ideas and strategies to reduce the tax bill for the company and its owners.
- Structuring the business, including incorporation issues
- Capital allowances impact
- Corporation Tax refresher
- Tax refresher and planning for companies, and tax and NIC efficient extraction of funds from the company
- R&D refresher and planning
- The new Capital Allowances regime.
- The new Structures & Buildings Capital Allowances.
- The new Corporation Tax loss regime and group relief
- What’s allowable expenditure for Corporation Tax trading purposes
- Practical case studies
- General overview
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
Charity financial statements update
The course is relevant to Partners, managers and staff in firms undertaking charity audits and independent examinations. Charity staff who have responsibility for finance and statutory reporting.
Charity financial statements continue to present challenges for accountants, examiners and auditors. The SORP poses many questions day to day and the rules now change again with the publication of ‘Update Bulletin 2’.
Course information
This half day seminar will reflect on the challenges that the new accounting and disclosure rules have created, point delegates in the direction of recent guidance and highlight a range of topical regulatory issues relevant to accountants and auditors who work in the sector.
After attending the seminar, you will able to:
• Understand latest developments in charity financial reporting, in particular those covered by ‘Update Bulletin 2’.
• Consider likely future changes to charity accounts resulting from the ongoing consultation process for a revised SORP;
• Tackle tricky areas of accounting for charities with confidence (e.g. accounting for grants; accounting for restricted funds); and
• Understand the most common fieldwork and documentation deficiencies when producing charity audit and independent examination files and how to put these right.
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
An introduction to charities
This introductory course is targeted at accountants with limited prior experience of charity accounts – either working in professional practice or in a charity.
The charity sector is fascinating but challenging for accountants in terms of financial statements preparation, financial management and day to day administration.
Course information
This seminar is targeted at those working in professional firms and within the charitable sector. Case studies and real-life examples will be used to provide a detailed insight into what is required to manage a charity’s finances, produce a set of SORP compliant accounts and undertake or survive an independent examination or audit.
After attending the seminar, you will be able to:
• Appreciate the key features of the regulatory and legal framework applying to charities, including the requirement for audit and independent examination;
• Understand the format and content of charity accounts under the charity SORP and how these differ from accounts in the ‘for profit’ sector;
• Understand different charitable structures, which works best and when;
• Apply best practice guidance in running a charity and managing or playing the role of a trustee
• Understand how to approach/survive a charity audit or independent examination and how to deal with some of the more challenging issues it throws up.
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
Accounting for LLPs
It’s been a busy few years for LLPs, with three SORPS being published in quick succession (2014, 2017 and 2018). This course will give you all the relevant information to keep you up to date.
This seminar will navigate you through all the changes and highlight common problem areas faced by accountants and auditors acting for clients within this sector and how these are addressed.
After attending the seminar, you will:
• Understand the changing face of the LLP SORP and what this means in practice for the accounts of large, medium, small and micro-sized LLPs
• Be able to produce financial statements for LLPs which comply with the SORP
• Understand how to construct a members’ interests table and how to present and allocate both profits and losses therein
• Be able to apply recent changes resulting from the introduction of FRS 102 and further changes to FRS 102 and the SORP resulting from the FRC’s ‘triennial review’ and reflected in SORP 2018
Course is relevant to partners, managers and staff in accounting firms preparing and auditing accounts for limited liability partnerships
Accounts update – Penrith with John Selwood
An essential update for accountants who prepare company accounts.
This course will look at the current hot topics for the preparers of company accounts, particularly small companies. The session will focus on FRS 102, for small companies, and FRS 105 for micro companies, where relevant.
Event information
This is a topical course and its content will reflect that, but it is likely to cover:
- Changes to FRS 102 and FRS 105
- Update on eligibility for small company exemptions including group
- situations, and other Companies Act changes
- A refresher on the micro company accounting regime in Companies Act
- 2006 and the accompanying accounting standard FRS 105
- Hot topics in FRS 102 for small companies
- Companies House filing
- Practical solutions to common issues
This course is aimed at accountants involved in the preparation of company accounts, particularly small companies, who wish to keep up to date with the latest accounting standards
If you attend both the morning and afternoon (Charities update) course a light lunch will be served.
Cost
| Rate | Cost |
| Price | £90.00 + VAT |
| Retired Member | £45.00 + VAT |
| Career Break Member | £45.00 + VAT |
The early bird rate will apply automatically at the checkout. Please note that the early bird rate ends 01 April 2020.
Audit update – Penrith
The course is aimed at all levels of staff involved in the audit of company accounts.
This is a topical course that aims to keep auditors up to date with: Future changes in standards and legislation relating to audit, practical problems for auditors today, the impact of recent changes and how to best comply and feedback from the regulators and professional bodies.
Course information
Using case studies the update will be practical and designed to help auditors better understand the real world impact of current issues. Being a topical course the precise content will be dictated by current events but it is likely that the following issues will be covered:
- New ISAs
- The impact of the FRC Ethical Standard
- Feedback from ICAEW monitoring
- ICAEW guidance on the audit report
- Issues relation to audit evidence being sufficient ad appropriate
Attending both sessions?
If you attend the morning and afternoon session lunch will be provided.
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
Financial reporting update with Peter Herbert
An essential update for accountants that are responsible for accounts preparation.
Although new UK GAAP is now well established, FRS 102 and FRS 105 create many challenges, especially in respect of disclosure.
Course information
This session will provide solutions to the most frequently asked questions. The practical implications of the FRS 102 triennial review will also be explored. A brief update on audit hot topics will be included at the end.
What you will learn
After attending the course you will be able to:
• Appreciate the common practical challenges presented by new UK GAAP and how these should be addressed;
• Produce GAAP compliant financial statements which balance the requirements of company law and the need for a true and fair view;
• Apply changes brought in by the FRS 102 triennial review effective for accounting periods beginning on or after 1 January 2019; and
• Understand and address common issues raised by ICAEW’s QAD on audit visits in order to produce high quality working papers and files.
Cost
| Rate | Cost |
| Price | £90.00 + VAT |
| Retired Member | £45.00 + VAT |
| Career Break Member | £45.00 + VAT |
The early bird rate will apply automatically at the checkout. Please note that the early bird rate ends 12 March 2020.
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 |
Audit update and current issues with Bill Telford
To update delegates on recent developments relating to auditing and to highlight their practical implications.
During late 2018 and early 2019 there are expected to be few new issues in financial reporting but there are many practical audit related issues and we have therefore decided to run two separate courses.
Course information
In order to ensure the continued relevance of the course, the detailed content will be determined nearer the date of delivery, but will include:
- Audit Update – to include developments in audit and ethical standards,
- reports and related issues, including audit issues under new UK GAAP and audit monitoring feedback;
This session will also include developments in the provision of and reporting on limited assurance services.
You may also be interested in this event – Financial reporting update and current issues: 27 November 2019
Cost
| Rate | Cost |
| Price | £75.00 + VAT |
| Retired Member | £37.50 + VAT |
| Career Break Member | £37.50 + VAT |
Tyne and Wear Sole Practitioners Lunch – June – QAD update
Join us for our monthly Tyne and Wear Sole Practitioners’ lunch to meet like minded ICAEW members.
Come along to a monthly lunch for sole practitioners or those working in 1-2 partner firms to meet members with similar situations to support and share best practice.
Our monthly event will commence with a light lunch followed by a speaker or discussion on a topical matter. This event is run by ICAEW members for ICAEW members.
Event information
For the first half of 2019 we have the following topics planned:
| Session | Speaker |
| 6 February – Small Loan Fund | Yvonne Gale, NEL Fund Managers |
| 6 March – A Practical Tax Q&A | Emma Glover |
| 3 April – Cyber Security | Jonny Green |
| 1 May – Making Tax Digital | General Discussion |
| 5 June – QAD update | Christine Lawrence, Quality Assurance Manager, ICAEW |
| 3 July – Key issues accountancy firms have with their practice marketing & client communication and how to solve them | Laurence Vogal |
Cost
| Rate | Cost |
| ICAEW Member | £12.50 + VAT |
Programme
| Session | Description |
| 12:30 | Arrival |
| 12:45 | Lunch |
| 13:15 | Speaker/discussion |
| 14:00 | Close |
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 1.7m chartered accountants around the world – talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.
Over 149,000 of these are ICAEW Chartered Accountants. 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 share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world.
ICAEW (Institute of Chartered Accountants in England and Wales) is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.
News
EGM called by Northern Society of Chartered Accountants
19 September 2023
Notice is given that the Northern Society...
Finalists for 2023 Northern Society Awards announced
4 September 2023
Northern Society of Chartered Accountants is delighted...
Vera author Ann Cleeves to speak at business dinner
3 September 2023
Northern Society of Chartered Accountants is delighted...
