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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Practice Regulation update

Northern Society of Chartered Accountants www.norsca.co.uk

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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Making tax digital update

Rebecca Benneyworth has been an advocate of MTD since the consultation period in 2016 and remains keen to ensure that as many smaller firms and businesses as possible take advantage of these changes.

This session is an essential update for anyone working practice in accounts or tax as Rebecca will give delegates a clear idea of what processes they will need to adopt to serve clients in a completely new reporting environment. It would also be suitable for those working in business, although there is little detail as yet on plans for corporation tax.

This session will look at the July 2020 announcements from HMRC in regard to the process not only of the MTD project, but to what might develop with personal and business tax accounts over the next few years. It will cover the current requirements for VAT as a refresher, picking the tricky areas, and then move to the meat of developments to come through to 2023 when we shall see full mandation for income tax.

Content will include:

  • MTD for VAT requirements – a brief refresher; tricky practical areas
  • April 2021 developments – full digital links in place – how to achieve this
  • April 2022 developments – everyone in for VAT! Dealing with very small businesses. To deregister or not?
  • Income tax self assessment – the timeline. 2023 mandation – who will it affect? What will be needed? How will the mechanics work? What about very small businesses? Landlords and holiday lets.
  • Corporation tax plans and proposals
  • Where to with digital tax accounts?

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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

More

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

More

Charities update with John Selwood

The course is an update covering the developments in Charity auditing and accounting.

The course covers all major recent changes and is suitable for accountants in practice and the charity’s accountant.

Event information

The course will cover:

  • The latest Charity SORP and any hot accounting topics for charities
  • Impact of the Charities Act 2011
  • Problem audit areas
  • Common disclosure errors
  • A refresher on the external scrutiny regime
  • Problems in reporting to the Charity Commission and whistleblowing
  • Problems arising for different types of charity
  • Accountants and audit reports
  • New developments

If you attend both the morning and afternoon (Accounts 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.

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Payroll taxes update Cumbria with Rebecca Benneyworth

This course will update you on changes to payroll measures over the last 12 months.

This course will update you on changes to payroll measures over the last 12 months, and flag up any forthcoming changes to keep you right up to date. In April 2020 we are likely to see the introduction of off payroll working rules for all those working through intermediaries, and this will be a major change to deal with. Final legislation may be issued quite close to the commencement date so it is important to ensure that you can advise clients appropriately.

Event information

The course will cover:

  • Basic changes – PAYE and NIC thresholds; changes affecting the basic operation of PAYE and NIC; Scottish and Welsh income tax changes
  • Minimum wage update and plans for the future. Minimum wage compliance cases reported recently.
  • 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 – what are the rules; obligations on engagers; the Status Determination Statement; advising affected clients effectively
  • Director rates of pay – what are the issues this year?
  • Auto enrolment – re-enrolment
Cost
Rate Cost
Price £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

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Budget & Finance Bill 2020 Cumbria with Rebecca Benneyworth

This course will explain the content of the Budget and Finance Bill 2020 relevant to the general practice adviser; It will highlight areas of advice and issues to raise with clients.

Event information

The course will focus on the Finance bill, and is therefore dependent on the exact material in the legislation but is expected cover the following tax areas:
• Business and corporation tax
• Personal income tax including employment taxes and benefits in kind
• Off payroll working – the final version
• Savings and pension tax measures
• Capital gains tax – including changes to private residence relief
• Other capital taxes
• Tax administration.

The course is aimed at all practitioners and staff who work in tax and have a reasonable level of tax knowledge.

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

 

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What does Brexit really mean for you and your clients?

This course is aimed at equipping the practitioner in the North East with the right tools to deal with Brexit whether their clients are directly affected or not!

Whilst it is clear we will be leaving the EU, by the time of the Course, the position should be clearer and we should be in the process of negotiating free trade agreements. Initially this will be with just the EU but what about access to all those countries like Canada and Japan where we currently use the EU free trade agreements?

Event information

The course is not going to be a detailed analysis of customs duties but will look at what this will all mean for your clients (or you if you are in industry) in terms of what consequences will it have on margins and processes. Whilst few clients actually import or export directly, most will have items either in their supply chain or sales chain which mean that tariffs could indirectly hit them. Clearly, we will look at direct exporters and importers and what they need to be doing. We will look at the VAT implications too!

We also need to think about the “quick fixes” on VAT which were brought in from 1 January 2020 by the EU which will hit our clients who are already trading in the EU.

However, we need to look at some of the many other aspects – from immigration proposals – what will that do to labour supplies, to “should we incorporate any operations abroad”, “will us leaving the EU affect dividends and royalties”, and “what about EU adopted IFRS”?

The course also needs to look at what a client ought to think about if they are thinking of expanding and therefore of setting up abroad.

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

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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.

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