Webinars Outlines
Getting the Most out of Your Appraisals
Available to watch until 28 January 2011
Speaker John Sharkey
As a result of this course, participants will be able to identify practical steps they can take to develop their individual effectiveness in conducting appraisals and improve the effectiveness of the appraisal process across their firm as a whole.
Content
- What is your appraisal system seeking to achieve?
- Identifying the barriers to achieving those aims - individual and firm-wide
- Overcoming the barriers
- Assessing and monitoring performance throughout the year
- Gathering, delivering and receiving effective feedback
- Effective questioning and listening
- Establishing training and development needs
- Setting clear objectives
Capital Allowances: The Essentials
Available to watch until 10 Februaury 2011
Speaker Pat Nown
This latest edition to the essential series primarily focuses on core aspects of plant and machinery capital allowances. The UK system has undergone a major overhaul in the last two years particularly and more changes were announced in the first Budget under the coalition government.
Worked examples and structured explanation of how the rules operate are a key focus of our tax essentials series.
It is specifically focused at those who perhaps have had a basic understanding of the main concepts of capital but have not recently been involved and need an up to date concise and practical refresher.
The session is also suitable for staff members who deal with tax computations etc but who have come to rely on computer software to get things right.
The session is not generally aimed at those new to the profession or to capital allowances.
Specifically the following will be covered:
- Identification of assets and expenditure qualifying for capital allowances
- Types and rates of capital allowances, including special allowances available
- Capital allowances on motor vehicles
- Future developments
Mercia Audit Manual: Groups
Available to watch until 12 February 2011
Speaker David Gallagher
This is the latest in a series of webinars about the Mercia Audit Manual. The purpose of these webinars is to drill down into some of the detailed areas of the manual. This webinar is the first one dedicated wholly to clarified ISAs and covers the audit of groups.
The webinar will begin with a summary of the practical impact of the clarified ISA+ 600 and will focus on the following two scenarios:
Auditing every member of a group, including:
- Group audit risks (forms PF3-3 and B32-3);
- Component materiality.
Auditing the group accounts but not all of the subsidiaries, including:
- Significant components;
- Component auditors (forms PF1-9, B24 & A53);
- Group audit instruction letters and group audit questionnaires.
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
LLPs – The changes introduced by the new SORP
Available to watch until 16 Februaury 2011
Speaker John Welsford
The extremely complex SORP relating to LLPs includes requirements that are positively counter intuitive but this webinar will clear up the confusion.
The SORP is revised for years to December 2010 and the highly complex amendments will be explained.
Tax adjusted profits: The essentials
Available to watch until 28 Februaury 2011
Speaker Pat Nown
This latest edition to the essential series focuses on the principles of determining taxable trading profit.
This series is specifically aimed at those who perhaps have had a basic understanding of the main concepts in the past but have not recently been involved and need an up to date concise and practical refresher. Common problem areas and pitfalls will be included as well as reference to selected case law.
The session may also be suitable for staff members who deal with tax computations etc but who have come to rely on computer software to get things right. It is not aimed at those new to the profession.
Specifically the following will be included:
- Capital or revenue
- Repairs or improvements
- Legal and professional expenses
- Entertaining gifts donations subscriptions and sponsorship
- Personal expenditure and use of home
- Specific points for corporation tax
Auditing Groups Under the Clarified ISAs
Available to watch until 2 March 2011
Speaker Phil Frost
The webinar will deal with the implications of changes to ISA 600 as a result of the clarification of ISAs. Throughout the session, reference will be made to practical examples so we would encourage delegates to download the course notes before the start of the webinar.
The webinar will focus on the following two scenarios:
1 Auditing every member of a group, including:
- Group audit risks;
- Component materiality.
2 Auditing the group accounts but not all of the subsidiaries, including:
- Significant components;
- Component auditors;
- Group audit instruction letters and group audit questionnaires.
R&D Tax Credits: A Refresher
Available to watch until 24 November 2011
Speaker: Mark Morton
Since R&D tax credits were introduced in April 2000 there have been numerous changes to the regime and there have also been a number of compliance issues, with HMRC looking more closely at claims.
This webinar is designed to take a detailed look at the R&D rules, including capital allowances, to ensure that claims are maximised and problems minimised.
Mercia Audit Manual: Estimates, Experts and Service Organisations
Available to watch until 28 February 2012
Speaker: David Gallagher
This is the latest in a series of webinars about the Mercia Audit Manual. The purpose of these sessions is to drill down into some of the detailed areas of the manual. This webinar is the fifth since the update for clarified ISAs and covers the three audit areas above.
After groups and related parties, one of the biggest changes in auditing, as a result of clarified ISAs, is the approach to accounting estimates. Early clarified ISA+ feedback from Mercia cold file reviews as well as from the regulators suggests that some firms have failed to grasp the extent of the changes as a result of the revised ISA+ 540.
Situations where there is a use of experts (whether appointed by the client or the auditor) and / or service organisations are less common. Nonetheless, when relevant, revised ISA+s 402, 500 and 620 should not be underestimated.
In addition to auditing commercial businesses, this webinar will include examples relating to specialist assignments such as charities and pension schemes. Therefore it will be useful for delegates who only subscribe to these Specialist Assignment Manuals.
The contents will include:
- A summary of the requirements in the relevant auditing standards
- A practical approach to dealing with these requirements including effective communication with the client and recording of risks and approach on PF1-6, PF1-7 and PF1-8
- Key problem areas and practical solutions
Throughout the session, reference will be made to practical examples so we would encourage delegates to download the course notes (which include example completed forms) before the start.
VAT for Academies
Available to watch until 3 February 2012
Speaker Neil Owen
Academy status within the education sector has come to prominence following the introduction of the Academies Act 2010.
Neil will discuss the VAT aspects of setting up an Academy including:
- Registration for Academies
- Impact on capital costs
- VAT claims for Academies
- VAT on other activities of the Academy
Audit Manual: Communication with the Client
Available to watch until 4 February 2012
Speaker Jeremy Williams
This is the latest in a series of webinars about the Mercia Audit Manual. The purpose of these sessions is to drill down into some of the detailed areas of the manual. This webinar is the sixth since the update for clarified ISAs and covers communication with both the client’s management and those charged with governance.
The pre-clarified UK and Ireland versions of the ISA+s contained several ‘bolt-on’ requirements concerning communication which are now standard in the clarified text. As a result the changes for UK auditors are less significant than for others. Nonetheless there are some important changes to note, in order to stay compliant with the new standards.
Communication with the client is also an opportunity to add value to the audit process and strengthen the client relationship. The webinar will consider how to make the most of these opportunities.
The contents will include:
- A summary of the requirements in the relevant auditing standards
- A practical approach to dealing with these requirements including use of the B21, A51 and A52 forms
- Adding value in the communication process
Throughout the session, reference will be made to practical examples so we would encourage delegates to download the course notes (which include example completed forms) before the start.
Solicitors’ Accounts Rules: The Key Changes
Available to watch until 31 August 2012
Speaker John Welsford
As part of the development of a new outcome focussed code of conduct the SRA have issued revised Solicitors’ Accounts Rules which are effective from October 2011.
This webinar will look at the changes and their potential impact.
Content
- Scope of the rules including changes of definitions and outside scope transactions
- Simplification of interest rules and the effect on firms
- Changes to rules on reconciliations
- Relaxation of authorisations rules and use of electronic signatures
- Ability to use and retain electronic statements
- Requirement for COFA to report breaches
- Other changes
Please note that although there have been some minor changes to the Accounts Rules since this webinar was recorded, the issues covered in the webinar are unaffected.
Academies: Audit and Accounting Issues
Available to watch until 29 November 2011
Speaker David Smith
Academy status within the education sector has come to prominence following the introduction of the Academies Act 2010.
This webinar addresses the common audit and accounting issues faced when acting for academies including:
- Corporate structure and charitable status
- The academy’s funding agreement and Academies Financial Handbook
- Academy financial reporting and audit requirements
- Accounting for the General Annual Grant
- The treatment of transferred assets
- Leasehold land and buildings
- The Teachers’ Pension and Local Government Pension Schemes
Limited Liability Partnerships: Accounting Issues
Available to watch until 23 February 2012
Speaker John Welsford
At Mercia we provide a specialist assignment manual for LLPs. We receive many questions regarding the accounts which indicate that these can cause problems for practitioners.
For some reason preparing accounts following corporate principles for an entity which has partnership in its title presents a range of interesting issues. The overly complex SORP seems to add to the problems rather than alleviate them.
This course will look at some of the most common accounting problems and how to deal with them.
- Members’ participation rights
- Profit and capital – equity or liability
- Exceptions to the rule - Treatment of profits
- Profit sharing arrangements, allocation of profits and drawings are not the same thing
- Losses
- Capital profits – realised and unrealised - Formation – transfer of existing business
- First accounts – include what from when and corresponding amounts - Post retirement benefits (annuities) – issues and solutions
Commerciality: Satisfying the Test for Business Property & Agricultural Property Relief
Available to watch until 21 May 2012
Speaker Julie Butler
HMRC's attempts to deny BPR claims for IHT are becoming increasingly common. There must be evidence of 'commerciality' - "a business carried on for gain with a view to a profit".
This webinar looks at:
- Recent case law including Agnew
- The need for a business plan, potential and sustained profit
- What happens if the business owner dies before losses turn into profit?
- Recent case law including Golding and the different test for APR
- Guidance from income tax cases
- Practical steps which can be taken to preserve a robust claim for BPR and APR
This webinar is in conjunction with CLT and each place costs £150 (50% discount for Members)
Caring for the Elderly Webinar
Available to watch until 6 June 2012
John Kerrigan
This webinar considers various aspects of this increasingly important topic, particularly given the increase in human longevity. After attending this webinar delegates will have an understanding of:-
- will making for the elderly
- the importance of properly crafted powers of attorney
- strategies for dealing with asset preservation issues
- informal strategies, with traps for the unwary
- more formal interventions under the Adults with Incapacity (Scotland) Act 2000
This webinar is in conjunction with CLT Scotland and each place costs £150 (50% discount for Members)
Disclosure of Tax Avoidance Schemes: Practical Guidance
Available to watch until 29 June 2012
Speaker Andrew Richens
This webinar looks at the application of HMRC's DOTAS scheme to IHT in particular. It will offer practical advice on the application of these regulations and guidance on what practitioners need to watch out for. It will also explain the Law Society Guidance which highlights the need for constant vigilance and looks at particularly at the interaction of the statutory obligations with legal professional privilege.
Other topics to be covered:
- Bespoke advice
- General marketing of tax efficient schemes
- Do I need to disclose?
- Timeframes for disclosure
- Penalties
- Practical Examples
This webinar is in conjunction with CLT and each place costs £150 (50% discount for Members)
Compensation payments to employees - the tax treatment
Available to watch until 29 May 2012
Speaker Andrew Burgess
There is a popular myth that so-called ‘golden handshake’ payments are only taxable if they exceed £30,000 – but is that really the case? What about other lump sum payments which an employee may receive for changes in employment terms and conditions? This webinar will provide a detailed review of the tax treatment of a variety of payments which may go under the general heading of compensation.
Content
Termination payments
- The importance of checking the contract
- Pay in lieu of notice
- Where does the £30,000 fit in
- Exempt payments
- The employer responsibility
Compensation for giving up rights
- Changes to pension rights
- Changes to redundancy rights
- Changes in employment conditions
Bribery Act including the implications for auditors
Available to watch until 2 June 2012
Speaker Andrew Guntert
The Bribery Act came into force on 1 July 2011 but few accountants have thought through what the practical implications of this are for either ourselves or for our clients.
The Webinar will explain what the Act says and what it requires, will suggest what should be done by both practitioners and by their clients, and will describe both the guidance which is available and which the accountant should provide. In addition it will also identify what auditors in particular need to do and think about. The Webinar will concentrate on practical real-life situations and should provide delegates with most of what they need to be aware of.
The implications for Money Laundering Suspicious Activity Reports will also be covered in the Webinar.
Farming Advice: Common Negligence Traps
Available to watch until 6 June 2012
Speaker Julie Butler
Farmland values have doubled in the last five years. One of the knock on effects of this is that any shortcoming in advising farming clients presents a commensurately greater risk. This webinar is presented by an expert who frequently acts as an expert witness in negligence cases and highlights common negligence traps.
- Farmland values: the quantum of risk on current values
- Development land: the risk of doing nothing or doing something and getting it wrong
- Proactive farm tax planning: the risk of pushing the client
- The aggressive stance by HMRC: who pays the tax bill?
- A mix of advisers and the need for a clear definition of roles: who is responsible when planning goes wrong?
- The importance of legal agreements: the Will, the grazing agreement, the deed of variation
- The complexity of trusts
- The problems of CGT v IHT and the risk of protecting one and risking the other
- The narrow availability of Entrepreneurs' relief
This webinar is in conjunction with CLT and each place costs £150 (50% discount for Members)
Splitting a company: The Tax Issues
Available to watch until 7 June 2012
Speaker Pat Nown
There are various reasons why the existing company structure may no longer be appropriate. It may not suit the longer term aims or strategy of the business or its ownership. Instead, a division of a company into two or more such companies or a reorganisation of the structure may be the desired outcome to provide flexibility both for longer term development.
In other situations splitting a company may be required to facilitate the sale of a particular trade or activity. Consideration then has to be given to whether a sale of ‘assets and trade’ or shares is the most appropriate route for vendor and purchaser.
This webinar provides an overview introduction to the tax considerations in this area.
The following matters will be included
- Reasons for splitting or transferring a company’s business
- Transferring a company’s business with and without a change of ownership
- Sale of assets and trade v shares
- Methods used in business splitting
- Statutory demergers
- S110 liquidations – the non - statutory demerger route
Budget 2012
Available to watch until 27 June 2012
Speaker Mark Morton
This webinar will cover the main announcements contained in the forthcoming Budget.
In this one hour summary Mark will highlight the key issues and consider the implications of these for clients.
Due to the timing of the webinar there will be no formal notes but copies of slides will be available.
Making the Most of Tax Losses
Available to watch until 28 June 2012
Speaker Pat Nown
This session considers a selected range of tax reliefs available for losses incurred by individuals and companies when carrying out trading and investment activities. As well as providing explanations on how such reliefs are used, the session focuses on considerations which may affect their optimum use.
Specifically the following will be covered:
- Factors to consider when using loss reliefs for individuals and companies
- Trading loss reliefs for income tax and corporation tax purposes
- Utilisation of trading losses for Class 4 NIC purposes
- Capital allowance aspects of losses
- Capital losses on unquoted shares including EIS investments
- Losses on loans to traders
- Utilisation of capital losses for individuals and companies
- Capital losses and companies
- Using property losses individuals and companies
Employment-Related Securities
(excluding the tax-approved schemes and EMI)
4 April 2012 - 4.00pm to 5.00pm
Speaker David Craddock
This webinar will cover:
- The development of the tax legislation
- The reason for these provisions in Finance Act 2003
- The meaning of employment-related securities
- How to identify Restricted Securities and the tax treatment
- When to make Section 431 and Section 425 tax elections
- How to identify Convertible Securities and the tax treatment
- Securities with artificially depressed market value
- Securities with artificially enhanced market value
- How to identify notional loan arrangement and the tax treatment
- Chapter 3D charges where sale of shares for more than market value
- Post-acquisition benefits from securities
- The dangers of creating Alphabet Shares to differentiate reward
- The tax treatment of earn-out arrangements
- The reporting of employment-related securities
Restricted Securities
Available to watch until 12 July 2012
Speaker David Craddock
This webinar will cover:
- The development of the tax legislation
- The reason for these provisions in Finance Act 2003
- The meaning of employment-related securities
- The interaction with other tax legislation
- How to identify Restricted Securities and the tax treatment
- When to make Section 431 and Section 425 tax elections
- The Structural Test and The Depressed Market Test under Section 423
- The exceptions to the Restricted Securities regime
- The meaning and concept of a chargeable event
- Examples of chargeable events where no tax elections
- Examples that compare making an election with not making an election
- The comparison with Convertible Securities
- The difference between variations and conversions
- Planning for LTIPs using the Restricted Securities regime
Mercia Audit Manual - Efficient Planning
Available to watch until 19 July 2012
Speaker Jeremy Williams
This webinar is designed to help Audit Manual users ensure they are planning audits as efficiently as possible. There are two aspects to efficient planning: formulating an efficient risk-based approach and using the documentation as effectively as possible. Both aspects will be covered; in particular:
- Using PF1, PF2 and PF3 effectively to comply with ISA+ 315;
- Effective tailoring of the audit programme;
- B33 forms and the audit approach;
- Freeform planning memoranda; and
- Communication with the client.
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Error Free Will Drafting - Tips and Traps
Available to watch until 26 July 2012
Speakers Caroline Eady and Jo Summers
This webinar guides practitioners through the key clauses in a will concentrating on drafting tips and highlighting problem areas. One of the speakers is an expert in personal taxation and the other a specialist in will and estate planning. Between them they will analyse the broader context behind common provisions exploring the intricacies of each of the following:
- Clause headings - why are they useful?
- Revocation - what is it for and what happens if it isn't there?
- Territory - what does the sill cover in terms of territory/assets?
- Contemplation of marriage - what is this clause and when is it needed?
- Domicile- when to include a domicile declaration
- Definitions- general definitions v definitions for a particular clause : Common
- Traps
- Appointment of Guardians - effect of s5(7) Children Act 1989
- Specific (assets) legacies - traps: tax, mortgages/debts, descriptions
- Pecuniary (cash) legacies - problems with contingency
- Charitable legacies - IHT issues, substitution/mergers, receipts clause
- Gift of Private Company shares - special issues for private companies
- Personal chattels legacy - options: list, beneficiaries or executors' choice,
- letters of wishes
- NRB legacy/NRB discretionary trust - when is it useful to include a NRB
- Legacy?
- Collection and treatment of assets- points to note (foreign taxes/debts)
- Gift of residue - options and traps (exempt/non-exempt beneficiaries and IHT
- Issues
- Default beneficiary/beneficiaries to avoid an intestacy
- Survivorship clause - what to exclude
- Disclaimer clauses - why are they needed?
- Extended powers of Maintenance and Advancement - why use?
- Trustees' Powers - bespoke or Standard Provisions (STEP)?
This webinar is in conjunction with CLT and each place costs £150 (50% discount for Members)
Delivering Service Excellence
Available to watch until 26 July 2012
Speaker John Sharkey
Objectives
This webinar will identify the key drivers of service excellence and thereby help you to ensure you and your team deliver a consistent, excellent service to your clients. It will also enable you to secure the future income streams from your clients and turn your clients into advocates of you and your services.
Content
- What is service?
- Identifying and managing clients’ expectations
- The key drivers of service excellence
- The importance of obtaining feedback on clients’ perceptions of your service
- Improving your rate of referrals by turning clients into advocates
Mercia Audit Manual - The Appointment Stage
Available to watch until 28 February 2012
Speaker David Gallagher
The purpose of these Audit Manual webinars is to drill down into some of the detailed areas of the manual. This webinar covers the appointment / reappointment stage of the planning process, in particular:
Money Laundering Regulations
- new client procedures
- existing client procedures
Ethical Standards and PASE
- common problem areas
- recording the threats and safeguards
Other areas (including opening balance considerations and review of the terms of engagement)
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Mercia Audit Manual - Analytical Procedures
Available to watch until 28 February 2012
Speaker David Gallagher
The purpose of these Audit Manual webinars is to drill down into some of the detailed areas of the manual. This webinar covers analytical procedures at the different stages of the audit process, in particular:
At the planning stage
- Preliminary analytical procedures and form B22
At the fieldwork stage
- Tailoring the approach and programme
- Recording (including proforma working papers)
- Common problem areas
At the completion stage
- A71, A25 and A22
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Mercia Audit Manual - Groups
Available to watch until 28 February 2012
Speaker David Gallagher
The purpose of these Audit Manual webinars is to drill down into some of the detailed areas of the manual. This webinar is the first one dedicated wholly to clarified ISAs and covers the audit of groups.
The webinar will begin with a summary of the practical impact of the clarified ISA+ 600 and will focus on the following two scenarios:
Auditing every member of a group, including:
- Group audit risks (forms PF3-3 and B32-3);
- Component materiality.
Auditing the group accounts but not all of the subsidiaries, including:
- Significant components;
- Component auditors (forms PF1-9, B24 & A53);
- Group audit instruction letters and group audit questionnaires.
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Mercia Audit Manual - Materiality and Misstatements
Available to watch until 28 February 2012
Speaker David Gallagher
The webinar will begin with a summary of the practical impact of the relevant clarified ISA+s (particularly 320 & 450; but also where applicable 265 and 600) and then explore the following areas:
- Materiality
- Materiality on the financial statements as a whole, specific levels of materiality, performance materiality, tolerable misstatement and the clearly trivial threshold
- Completing form B41
- Misstatements
- Evaluating the results, communicating with management and considering the effect on the audit opinion
- Completing form A27
- Groups
- Component materiality and how to use it
- Completing group form B32-3
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Mercia Audit Manual: Related Parties
Available to watch until 28 February 2012
Speaker David Gallagher
The purpose of these Audit Manual webinars is to drill down into some of the detailed areas of the manual. This webinar is the fourth since the update for clarified ISAs and covers the audit of related parties.
One of the biggest changes in auditing, as a result of clarified ISAs, is the approach to related parties. But quite apart from the direct changes in auditing, it has forced us to look again at the accounting requirements in this area.
This webinar will examine both the accounting and auditing requirements and will focus on what this means in practice.
The contents will include:
- An overview of the definition of related parties and disclosure requirements in the accounting standards (FRS8, IAS 24 and the FRSSE)
- A summary of the requirements in the auditing standard (ISA+ 550)
- A practical approach to dealing with these requirements including effective communication with the client and recording of related parties and related risks on PF1-4 and PF1-5
- Key problem areas and practical solutions
Throughout the session, reference will be made to practical examples (so we would encourage delegates to download the course notes before the start).
Connecting to the National Grid - The Legal Issues
Available to watch until 24 July 2012
Speaker Anthony McEwan, Biggart Baillie
Connecting to the National Grid is an essential for every windfarm and renewables project.
After attending this webinar delegates will understand what the requirements of the electricity authority are, the legal implications and how best to advise your client.
Scottish Law is covered on this webinar
This webinar is in conjunction with CLT and each place costs £150 (50% discount for Members)
Money Laundering: Key Issues
Available to watch until 2 August 2012
Speaker Andrew Güntert
In the past year we have seen the first imprisonment of an accountant for a money laundering offence and several disciplinary cases against accountants for non-compliance with the regulations. The good news is that very few changes have been made to the rules that have to be complied with (though a new European Directive is being developed!).
Whilst this Webinar is not designed to be a basic Money Laundering course it will begin with the definition of Money Laundering and some practical examples of what Money Laundering is and it will then move onto the more difficult issues that must be complied with under the 2007 regulations. Money Laundering Reporting Officers could use this Webinar to ensure that their staff are complying with the need for relevant training.
Broadly the content will be:
- What is Money Laundering and what are accountants required to do in order to comply with the law?
- What are QAD and ACCA looking for with regard to compliance with the 2007 Regulations?
- What must we do to carry out appropriate due diligence procedures for both new and existing clients?
- What are Beneficial Owners and PEPs and what do we need to do about these?
- What professional guidance is available to accountants, auditors and tax advisors?
- In what circumstances might professional privilege be available to an accountant or tax advisor?
P11D Completion: Practical Issues
Available to watch until 4 August 2012
Speaker Pat Nown
This timely session reviews a range of practical tax and related National Insurance connected with the completion of the annual P11D forms and the related P11D(b).
As such it is suitable for staff members who deal with these issues on an annual basis and would like a refresher before completing 2011/12 P11Ds particularly if they feel they rely on computer software to get things right.
It is also suitable for those who perhaps have a basic understanding of employment benefit and expense related taxation matters but have not recently been involved and need an up to date concise and practical refresher.
The session is not generally aimed at those new to the profession.
Specifically the following practical issues will be considered:
- Have all ‘expenses’ been identified and reported correctly?
- P11D omissions - the impact
- Payroll or P11D - getting National Insurance aspects right
- Car and fuel - changes in and changes to in 2011/12
- Loans - identification and calculation aspects
- Assets and services employer provided or employee contract
- Subscription matters
- Entertainment
Disguised Remuneration Rules
Available to watch until 17 August 2012
Speaker Richard Wynn, BlackStar Tax Resolutions Limited
Legislation which may have an impact on many employers is that on employment income provided through third parties, referred to as "Disguised Remuneration".
In this session Richard will discuss the current HMRC stance on EBTs and EFRBS and the new disguised remuneration rules.
Academies - Financial Reporting Pitfalls
21 May 2012 - 1.00pm to 2.00pm
Speaker David Smith
As the number of academies continues to increase, this webinar addresses the common financial reporting issues encountered by academy clients when preparing their annual financial statements.
This webinar encompasses a review of 2011 filed academy accounts and focusses on the requirements and practicalities in the following areas:
- Accounts formats - compliance with the financial reporting requirements set out through the Funding Agreement, Academies Financial Handbook and Accounts Direction;
- Academy narrative reporting;
- Audit report formats;
- Trustee remuneration and related parties – requirements and practicalities;
- Pensions - treatment of Local Government Pension Scheme including initial transfer, fund treatment and FRS 17 disclosures;
- Treatment and disclosure of transferred and leased assets.
UK GAAP - The Way Ahead
18 May 2012 - 10.00am to 11.00am
Speaker Phil Frost
The UK ASB has published FREDs 46 to 48 which set out revised proposals for the future of financial reporting in the UK and ROI. The FREDs following feedback to the previous exposure drafts (FREDs 43 to 45). The ASB is proposing significant changes to its previous proposals. The intention is that the revised proposals should take effect from for accounting periods beginning on or after 1 January 2015 with earlier adoption permitted - together with the necessary changes to comparative figures. The exposure drafts are open for comment until 30 April 2012. Subject to the feedback received it is expected to issue the final standard by the end of 2012.
This webinar will:
- explore the differences between current standards and the proposed changes;
- establish which entities would benefit from early adoption of the planned changes;
- determine where there are contentious matters on which comments should be submitted to the ASB.
Impairment Reviews
28 May 2012 - 10.00am to 11.00am
Speaker Phil Frost
The purpose of this webinar is to ensure that all participants are aware of situations where an impairment review is required and the consequential disclosure requirements.
The webinar will cover:
- Instances envisaged by UK for impairment - chiefly FRS 11, but also FRS 10 and 15
- Additional instances of impairment in IFRS
- Pronouncement by HMRC on impairment
- Distinguishing between permanent and temporary impairments
- Dealing with reversals
- Getting the accounting policy note right
- Other disclosure issues
Business Angel or Detail Devil? EIS and SEIS Explained
1 June 2012 - 10.00am to 11.00am
Speaker Pat Nown
The Enterprise Investment Scheme (EIS) and related Venture Capital Trust Investment scheme offer both income and capital gains tax reliefs to encourage individuals to invest in new unquoted trading company shares. Recent developments include a number of ‘improvements’ to these long established schemes for 2012/13. In addition a new start up investment scheme known as ‘the SEED Enterprise Investment scheme’ features in the Finance Bill 2012. This offers additional tax incentives for small start- up companies with new qualifying trades.
Too good to be true?
This session explains and contrasts the key features of EIS and the new SEED scheme including some of the key detailed and practical areas which will have to be complied with for clients to obtain the expected reliefs.
Specifically the content will include:
- The tax incentives of the various schemes
- Common requirements for investor and company
- Distinguishing features of the new SEED EIS scheme
- Withdrawing reliefs
- Recent tax case law points and EIS
Taxation of Groups - The Essentials
25 June - 10.00am to 11.00am
Speaker Pat Nown
This latest edition to the essential series focuses on group corporation tax aspects corporation tax (CT).
Worked examples and structured explanation of how the rules operate are a key focus of our tax essentials series.
This course is aimed at members of staff who whilst having working knowledge of CT for the stand- alone company require an essential overview of the way in which CT operates for a group of companies. They may have had a break from the profession or have worked in a different area of the profession for a while and need a refresher.
The session is not generally aimed at those new to the profession.
Specific areas to be included
- Definitions
- Identification of key relationships
- The use of losses including basic planning
- Introduction to capital transactions
- An overview of loan relationship matters
- Payment and administration
Tel: 0116 258 1200 | Email: