Northern Society of Chartered Accountants

Spring Tax update 2021

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

By the time of the Course, Brexit will have happened and, hopefully, the Covid-19 Pandemic should be easing. We will have had a Budget to make up for not having one in the Autumn. Will this be the “Great Reform Budget” that has been threaten to change capital taxes in the UK?
Whether a “major or a minor” Budget, all the above factors will combine to give a considerable amount of content to cover!

Content
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 2021 Spring 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;
• Where are we on the “level playing field” like the extension of IR35, the NMW/NLW etc?;
• Recent Tax cases and HMRC pronouncements;
• VAT developments;
• Other regulatory announcement affecting the Tax Profession such as on AML, CCOs, PCRT, DAC 6 and all the other regulatory matters where we have to keep up to date. 

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

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.

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Practice Regulation update

An essential update for those working in practice to ensure that you are compliant.

Accountants working in professional practice face a seemingly endless stream of regulatory changes which affect practice management. Non-compliance can result in a bad outcome at the time of an inspection visit from a professional body.

Course information

This course will explain all the recent changes and also highlight common issues on professional body regulatory visits, helping you to ensure that your practice is well prepared in the event of such a visit. Content will include:

• AML procedures reviewed during Practice/Quality Assurance visits and why they matter
• Client monies and DPB – where firms go wrong and why
• Professional Conduct in Relation to Tax (PCRT)
• How to managing risk and quality in a small practice
• Preparing for an ICAEW/ACCA inspection visit
• Recent regulator feedback on Practice and Quality Assurance compliance – what the disciplinary cases tell us

Who should attend the seminar?
Partners, managers and staff in accounting firms with an interest in anti-money laundering and practice regulation compliance.

Cost

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

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.

 

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Capital Tax planning

An essential update for accountants involved in the provision of advice to clients particularly in the area of estate planning, successions in OMBs.

Following the March 2021 Budget, we will know whether the Chancellor was able to introduce his “Great Reform Budget” to “simplify” Capital Taxes. In this case, the course will deal with these changes. If the economy has not recovered sufficiently to allow these reforms yet, we will need to look as we come out of Covid and Brexit, how our clients need to restructure estates and succession planning to take advantage of the old rules whilst there is time.

Course information

The Budget on 3 March was not the “Great Reform Budget” of Capital Taxes that was widely feared. However, we now know the huge damage done to the public finances by the pandemic. We also know that there is a clamour to restructure the funding of “social welfare” which the Chancellor has not been able to address. We also know that there will be an Autumn Budget. This course will consider the planning that your clients would be wise to consider over the summer before the Autumn could bring radical change.

The content will be highly dependent upon developments in the run up to the course and full details will be made available nearer the time.

Content

• Principal Private Residence relief costs around £28 Billion and the Finance Act 2020 contained many “oven ready” measures to curtail this but these just scratch the surface so clearly, this must be an ongoing area of reform. Will there be more?
• Capital tax planning must always run alongside pensions planning so changes to either will have consequences on planning for the other!
• The Budget is likely to contain many of the “simplification measures” proposed in the OTS reports published in July 2019 into IHT and in November 2020 and February 2021 into “simplifying CGT by design” and may even adopt some of the radical the APPG report of early 2020 (which floated the possibility of the abolition of IHT and the effective reintroduction of CTT).
• These measures could fundamentally change the way we do both life time and will planning as measures such as the abolition of the uplift on death for CGT where BPR/APR are available are easily legislated for.
• The course will look at “vanilla” planning which your clients may wish to consider as a result.
•  It will also look at the lessons learnt from the Spring 2020 Budget changes to Entrepreneurs Relief (now Business Asset Disposal Relief) as to what planning is acceptable and what is unlikely to be OK.

Cost

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

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.

 

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Payroll update including Off Payroll working commencement

This course will update participants on all changes affecting payroll, expenses and benefits.

2021 sees the commencement of the off payroll working rules across the private sector, much delayed but due to commence on 6 April 2021.

Event information

There are changes to the rules already implemented for the public sector, and many organisations – both contractors and engagers will be meeting the rules for the first time. This course will update participants on all changes affecting payroll, expenses and benefits, and will follow with an in-depth look at the off payroll working rules commencing in April 2021.

The course will cover:

• Payroll tax changes – PAYE and NIC thresholds; changes affecting the basic operation of PAYE and NIC; Scottish and Welsh tax changes overview; minimum wage update
• Changes to taxation of benefits in kind in the last 12 months; future changes that have been announced; amendments to earlier changes
• Off-payroll working – an in depth study of all aspects of the rules as they affect contractors, agencies and end users. What is required? How will it affect businesses? What do contractors need to be aware of? What is the impact on the accounts of the PSC? What about CEST?

Cost

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

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.

 

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Pensions & other year end tax planning

This course will look at the world of pensions to see how they impact upon clients, especially in the area of retirement and estate planning.

With people living to a much greater age, various governments, to try to encourage people to save for the future, changed the pensions’ regime dramatically in 2006 and have played around with it incessantly thereafter.

Event information

So the system remains horrendously complex but the rules present many opportunities. The course will look at the world of pensions to see how they impact upon clients especially in the area of retirement and estate planning. It is not a financial services course and will not be dealing with products from a financial services aspect but will be looking at how the latest available products can assist the tax planner!

We are also going to have to deal with the delayed Budget – will this start to raise taxes to pay for the massive borrowings caused by Covid?
So we need to have a look apart from Pension Contributions at what is feasible to do before 5 April 2021

Content

• Contributions – quantum and pitfalls – Lifetime limits, Annual Allowances, Employer contributions – a quick reminder – why should we make a contribution now?
• Planning advice – not just registered pension schemes;
  • What else can you save into that could be tax efficient? What about Cash rich companies…. How is BADR and BPR developing alongside pensions;
  • Why spend your pension when you could spend your ISAs?
  • Third party contributions;
  • Capital Tax planning in the light of the changes – is it more counter intuitive than you think?
• Other Year End Planning including looking at:
  • Cash extraction,
  • Tax efficient benefits,
  • Is there any thing we need to do on loss relief?

Who should attend:
Partners and staff involved in the provision of advice to clients particularly in the area of estate planning and related items.

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Capital taxes in light of the general election & Covid-19

An essential update when advising clients on capital taxes.

The Conservative manifesto contain few clues on this area but since being elected the Coronavirus response has seen quite unprecedented government expenditure on various economic support measures.  This needs to be recouped – most likely through taxation. 

The Chancellor will be introducing another Budget this autumn in which he will have to start paying not only for the massive injection into the economy but also the infrastructure projects – needed to enhance the economic recovery – and manifesto promises such as the Northern Power House Project.

Capital Taxes changes allied with pensions reform must be on the agenda as he will find it difficult to change the “normal” taxes. So, what planning could you do if this is going to be a problem for your clients?

Event information

We know that Principal Private Residence relief costs the treasury around £28 Billion so clearly, whilst there will be detail in the budget, this could be an area ripe for reform.

The budget is likely to contain many simplification measures proposed by the OTS; some of these measures could fundamentally change the interaction of life time and will planning as measures such as the abolition of the uplift on death for CGT where BPR/APR are available.

The course will look at what we can expect and “vanilla” planning which your clients may wish to consider. It will also look at the lessons learnt from the Spring Budget changes to Entrepreneurs Relief as to what planning is acceptable and what is unlikely to be OK.

Cost

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

There is a discount available of one third off prices on all NorSCA virtual CPD until 31 December – it will be applied automatically when you “check out”.

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Q4 General Practitioners’ Lunch

Join us for our quarterly lunch where you will meet like minded practitioners and gain valuable hints and tips.

Come along to our quarterly 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 typical topic. This event is run by members for members.

Event information

The cost of the lunch includes tea, coffee and one of the following items. Please confirm at time of booking which item you require from the list below:

Soup of the day
Or
Roasted red pepper and smoked spicy houmous wrap (v)
Or
Cheese & pickle sandwich (v)
Or
Classic tuna mayo sandwich
Or
Roasted ham, tomato and rocket

Cost

Rate	Cost
ICAEW Member	£10.41 + VAT

Programme

Time	Session
12:30	Arrival
12:45	Lunch
13:15	Speaker/discussion
14:00	Close

2020 General Practitioners’ Lunch Series Schedule

Date	Session	Speaker
4 March 2020	Cloud Accountancy update	Chris Mcleod Sage
3 June 2020	Tax Update	Emma Glover Peppercorn Tax
9 September 2020	Use of AI & data analytics	Paul Wardle Inflo Software
2 December 2020	TBC	TBC

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Q3 General Practitioners’ Lunch

Join us for our quarterly lunch where you will meet like minded practitioners and gain valuable hints and tips.

Come along to our quarterly 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 typical topic. This event is run by members for members.

Event information

The cost of the lunch includes tea, coffee and one of the following items. Please confirm at time of booking which item you require from the list below:

Soup of the day
Or
Roasted red pepper and smoked spicy houmous wrap (v)
Or
Cheese & pickle sandwich (v)
Or
Classic tuna mayo sandwich
Or
Roasted ham, tomato and rocket

Cost

Rate	Cost
ICAEW Member	£10.41 + VAT

Programme

Time	Session
12:30	Arrival
12:45	Lunch
13:15	Speaker/discussion
14:00	Close

2020 General Practitioners’ Lunch Series Schedule

Date	Session	Speaker
4 March 2020	Cloud Accountancy update	Chris Mcleod Sage
3 June 2020	Tax Update	Emma Glover Peppercorn Tax
9 September 2020	Use of AI & data analytics	Paul Wardle Inflo Software
2 December 2020	TBC	TBC

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Q1 General Practitioners’ Lunch

Join us for our quarterly lunch where you will meet like minded practitioners and gain valuable hints and tips.

Come along to our quarterly 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 typical topic. This event is run by members for members.

Event information

The cost of the lunch includes tea, coffee and one of the following items. Please confirm at time of booking which item you require from the list below:

Soup of the day
Or
Roasted red pepper and smoked spicy houmous wrap (v)
Or
Cheese & pickle sandwich (v)
Or
Classic tuna mayo sandwich
Or
Roasted ham, tomato and rocket

Cost

Rate	Cost
ICAEW Member	£10.41 + VAT

Programme

Time	Session
12:30	Arrival
12:45	Lunch
13:15	Speaker/discussion
14:00	Close

2020 General Practitioners’ Lunch Series Schedule

Date	Session	Speaker
4 March 2020	Cloud Accountancy update	Chris Mcleod Sage
3 June 2020	Tax Update	Emma Glover Peppercorn Tax
9 September 2020	Use of AI & data analytics	Paul Wardle Inflo Software
2 December 2020	TBC	TBC

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Becoming a woman of achievement – Newcastle

Becoming a Woman of Achievement.

This interactive workshop is part of a programme designed to develop your leadership presence. It is suitable for members at all stages of their work life, in both business and practice, who have career and leadership ambitions.

There are three titles within the programme:

• Becoming a woman of Power
• Becoming a woman of Influence
• Becoming a woman of Achievement

They are suitable for members at all stages of their work life, in both business and practice, who have career and leadership ambitions.

They will help you enhance your reputation, build gravitas, learn how to communicate to create maximum impact and provide an opportunity to network with your professional peers.

Event information

Aimed at helping you to raise your profile, be seen and heard by the right people, demonstrate your skills, talents and suitability for seniority and achieving ‘a seat at the table’, this practical day will ensure that you leave with:

• a plan for raising your profile and achieving your career and leadership ambitions;
• practical tips and advice for developing skills in all 14 of the strategies for being visible;
• tools that will enable you to be seen and heard by key influencers;
• strategies for building your confidence to step outside your comfort zone;
• techniques for developing ‘your voice’ and becoming known in your wider industry;

Cost

Rate	Cost
Price	£50.00 + VAT

Speaker

Susan Ritchie
Susan is an experienced International coach and author who works with women to develop their leadership presence “Leadership presence is about taking your existing attributes, skills and talents and polishing them so they shine so brightly, that others can’t ignore you. And you don’t have to be a world leader to have it! “

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