The Resource Partnership
The
following is an up to date list of the tax training topics currently offered to
tax and accounting professionals, solicitors, bankers financial advisers and
any other interested parties. All course can be tailored to suit your
particular requirements. If the list does not cover a particular topic in which
you are interested please let us know as we will always consider designing
bespoke courses to suit the individual client.
Shorter
versions of all these courses can also be offered as in-house or public, client marketing seminars. Administrative details are summarised
at the bottom of this page.
Tax Training Courses
Practical Tax Planning Points ï Tax Aspects Of The Company
Car ïFarmers &
Landowners
A Year-End
Tax Update ïTax For The Hotelier ï Capital Gains Tax - with planning points.
Tax
planning for the new client. ï Tax incentives for investment? ïInland Revenue Enquiries
Contentious
Tax Issues ï The Taxation Of Doctors And Dentists ï An Annual Tax Update
Corporation
Tax Update ïFiscal share valuations. ï A Framework For The Taxation Of Disposals
Paye &
Schedule E control visits. ï ï Marketing The Tax Department
Taxation
For Solicitors ïTax Errors—The Accountants' Top Forty ïMaximising capital allowances
Tax Aspects
Of The Leisure Industry ï Contentious Tax Areas ïCompliance Danger Zones
Tax Forms:
Getting Them Right ïOptimising Capital Gains Tax ï Special Compliance Office Enquiries
Tax
Planning for the Entrepreneur. ïTax Planning For Owner Managed And Family Businesses.
Wills And
Inheritance Tax Planning ïTax for the Company Secretary ïTrusts and Tax a basic framework
Designing
Tax Efficient Remuneration Packages ïCapital Taxes Planning For Family Limited Companies
Offshore
Tax Planning And Residence ïRevenue Interviews And Appeals
Practical Tax Planning Points
Objectives
To outline 20 ideas for
tax planning possibilities available to the business client. This course
attempts to cover some of the more adventurous tax planning ideas currently in
vogue as well as dealing with straightforward planning options.
The approach is checklist
based with the emphasis on taking statutory provisions and applying them to
real life situations.
Contents.
The course is divided
into various different sections:
»
Income tax planning.
»
Capital gains planning.
»
Family company possibilities.
»
New business planning.
»
Planning business car purchases?
»
Inheritance tax planning.
Summary
This lecture is
deliberately controversial at times and contains some tax planning ideas not
for the faint-hearted as well as other more mainstream ideas.
The overall intention is
to stimulate thought and discussion and to consider just where the boundaries
of tax planning stand.
Top
Tax Aspects Of
The Company Car
Objectives
To summarise the current
tax legislation on the provision of cars as benefits for employees and to
consider and analyse the alternatives available in the modern tax climate.
Methods of financing purchases and their tax advantages are considered as are
other topical issues concerned with cars.
Aimed at
All staff and partners who
are involved in any way with clients' who purchase vehicles either for their
employees or for themselves for business or private use.
Summary of contents.
· History of the
· What is a car?
· Capital allowances for employers &
employees.
· Taxation benefits legislation.
· Methods of car purchases.
· Purchased by employer or employee?
· Changes to the Mileage Allowance system.
· Case law on car benefits
etc.
· Cars as golden
handshakes?
Summary
The course aims to provide a
thorough review of all the main contemporary issues on cars and car benefits.
It concentrates on a tax planning approach and attempts to suggest areas where
there may be scope for minimising benefits charges and maximising tax relief in
certain circumstances. Considerable emphasis is placed on worked examples of
the computations needed to assist with decision-making in various situations.
Duration: half day.
Top
Tax Planning For Farmers & Landowners
Course Objectives.
To provide an update on recent
developments in the world of farm taxation and to review the chief areas to
which tax practitioners and accountants should have regard when dealing with
the affairs of farming and landowning clients.
Current taxation.
»
What is farming/husbandry?
»
Types of income; farm diversification and tax.
»
Farming losses; contentious disputes, eg. fish farms &
smallholdings.
»
Farm accommodation adjustments, Employee benefits and PAYE
issues.
»
Farmers averaging:.
»
Farming partnerships: advantages and disadvantages.
»
The Herd basis: summary and review of special situations.
»
Capital Allowances, Agricultural Buildings allowances.
»
Subsidies, Set-Aside & The Single farm Payment Scheme.
»
Compensation Issues, grants and similar receipts
»
Miscellaneous income, woodlands, turf sales,
»
Grazing rents, holiday lettings and similar receipts.
»
Share farming arrangements.
»
Tax aspects of Foot & Mouth and Other Serious Diseases
Medium/longer term tax issues.
»
Selling up or bringing in the next generation?
»
Reliefs and exemptions: Roll-Over-relief, Taper Relief.
¨ Agricultural and/or
Business Property Relief?
¨ Farmhouses, Farm Cottages
¨ Tenancy Issues
¨ Caravan Sites
¨
Quotas and capital taxation.
¨
Tax cases of relevance: Partnerships, Wife’s wages, grants.
The Potential for Revenue Enquiry
¨ Revenue techniques and
selection criteria.
¨ Attitudes to stock
valuation errors.
¨ Stock valuations and BEN
19 problems.
¨ Own goods and private use
adjustments.
¨ Record keeping and stock
reconciliation’s.
Who should attend.
Anyone dealing with farming or
landowners’ taxation on a regular basis
and especially those preparing farmers accounts and/or tax returns.
Top
A Year-End Tax Update
Objectives:
A year-end review of the
chief developments in taxation and related topics over the previous twelve
months and an outline of practical applications and changes in tax planning
opportunities and problems.
PART 1. GENERAL TAXATION UPDATE.
* Recent IR Press
releases of note.
* Recent tax cases of
note.
* Current developments in
taxation.
PART 2. YEAR END TAX PLANNING.
* Income tax ideas.
* Company and business
tax.
* Capital gains and
Inheritance tax.
* Checklists for client
meetings.
PART 3. PRACTICAL TAX POINTS.
* Tax saving ideas for
small businesses?
* Planning business
disposals?
* Tax and the recession?
Aimed at:
Primarily intended for
tax partners and managers who are personally involved with clients during face
to face tax planning meetings at or close to year ends. The idea is to equip
these individuals with a broad framework to adapt to most clients'
circumstances.
Top
Tax Planning And Compliance For The Hotelier
Objectives
To review the tax
planning opportunities and compliance problems of particular relevance to the
Hotel and related tourist trades. The course attempts to highlight the
particular planning points of relevance to an industry which is property based
and very labour intensive.
Aimed at:
This lecture is aimed
chiefly at tax staff and partners who have frequent dealings with clients in
this industry and will be of particular interest to those likely to have to
deal with Capital Gains tax planning and Income Tax and PAYE compliance
matters.
Contents.
The course is divided
into various sections:
»
Capital tax planning.
»
Early years income
tax planning.
»
Capital investment
& tax reliefs.
»
Tax treatment of
lettings incomes.
»
PAYE compliance:
casuals etc.
»
Planning for seasonal
trades.
»
Review of specific
tourism trades.
»
Tax cases on tourism.
»
Case studies.
Summary.
This is a wide
ranging course covering all the issues likely to be of general interest to the
tax practitioner dealing with clients in the hotel and tourism industries.
Top
Capital gains tax - with planning points.
This course is intended
to provide a comprehensive outline of the statutory provisions for those who
are new to Capital gains Tax as well as a review of the chief planning points
which arise when disposals are in prospect. The course is aimed chiefly at
sales of businesses and business assets and concentrates on the computation of
and planning for, capital gains tax liabilities arising on such disposals. The
programme should be of interest to anyone dealing with capital disposals
whether on the computational or planning side.
Programme.
»
Basis of the charge and calculation of the tax.
»
Chargeable occasions and persons.
»
Chargeable and exempt assets.
»
Basic reliefs and exemptions
»
Calculation of chargeable gains and losses.
»
Rebasing to 1982: FA 1988 rules.
»
Structuring disposals.
- timing.
- pre-sale actions.
- using reliefs.
- alternative sale methods.
- reducing the tax rate.
- obtaining reliefs.
»
Planning where and when gains and losses arise.
»
Taper Relief 1998 to the present tday.
Maximising the business
relief.
»
Roll-over Relief
»
Taper Relief.
»
Enterprise Investment Scheme shares.
»
Incorporation Relief
»
Hold-Over-Relief.
Top
Tax planning for the new client, a framework for analysis.
Objectives
This course sets out to
provide practitioners with a method of analysing and planning the tax affairs
of a new client, or a new business venture for an existing client. The adviser
is often well equipped to provide accounting and financial services; this
course aims to supply a framework within
which the tax affairs of a new client or new business venture can be
objectively analysed from the outset.
Aimed at.
The course is primarily
of interest to partners and staff who have first contact with a new client
especially those involved in the preparation of business plans and raising
finance.
Contents.
The course covers a wide
range of topics including:
·When does a trade start?
·Early years planning.
·Capital tax reliefs.
·Structure and asset
ownership?
·Loss reliefs.
·Accounting dates.
·Incorporation?
·Tax and business
planning.
·Buying a business.
·Tax relief for
borrowings.
Summary
The course's overall aim
is to give the adviser and his staff a series of checklists within which new
businesses' and new clients' tax affairs can be examined.
Top
Tax incentives for investment?
Objectives.
To review the Revenue's
current approach to
Capital expenditures.
What tax reliefs are
available, where does the boundary between capital and revenue expenditure lie
today, and what is the latest available guidance on interpretation of case law
on Plant and Machinery and the other Capital Allowances?
Course contents.-
· Capital v Revenue
expenditure? (FRS12 & Provisions)
· Plant and Machinery or
not?
· Short life assets/long
life assets?
· Industrial Buildings
allowances.
· Interaction of capital
allowances and CGT?
· Fixtures in buildings.
· Computer software
allowances.
· Research and Development
tax Credits
· ECA allowances
· Relief for Intellectual
Property since FA 2002
· Benchmarking of claims.
· Negotiating with the
Revenue.
Summary.
This lecture is generally
case law based but is intended to show how precedents are applied in practice
and to highlight those areas to which careful attention at the planning stage
of any large capital expenditure project will pay dividends.
Aimed at.
All tax staff, managers
and partners involved in claiming tax relief for capital expenditures and
advising on the availability of tax reliefs.
Top
Inland Revenue Enquiries
Objectives.
To outline the various reasons why taxpayers accounts
and returns are selected for Revenue Enquiry and to provide guidelines on
pitfalls to avoid and procedures for prevention.
Course contents.
The course is based around real life
practical examples. It describes the progress of actual cases and follows the
history of several specific investigations from start to finish, and identifies
key stages and danger areas.
Part 1: Managing an
Enquiry
· Reasons for selection.
· Know your inspectors.
· Opening gambits.
· Opportunities to
forestall.
· The appropriate
responses?
· Interview pointers.
· Systems for prevention.
· A practitioners
checklist.
Part 2: Enquiries - the
Statutory Framework
·Random Audit under
Self-Assessment.
·Dealing with the new
climate.
·Protecting the client.
·Using the Commissioners?
·The new statutory rights
and obligations.
·Disclosure problems and
requirements.
·Record-keeping
requirements.
·Risk Assessment
Procedures
·Taxpayer Segmentation
Summary.
The course offers an ex-inspector's
overview of the enquiry regime for business accounts. It concentrates on the practical side of the
topic rather than the academic and should appeal to all involved in this often
controversial subject.
Who should attend.
The lecture should be of interest to
all involved in the preparation and submission of business Tax Returns to the
Revenue and to those who have to deal with the Revenue's queries when they are
received. Its emphasis is on prevention not cure.
Top
Contentious Tax
Issues
Objectives.
1. To provide a summary of
those areas of Cases I and II which are
traditionally the most common causes of dispute with the Inland Revenue.
1. To review case law
precedents and the current law and practice on these areas and to suggest
practical negotiating points when such problems are experienced with clients'
affairs.
Course contents.
· The difference between
capital and revenue.
· What is a "trading
transaction"?
· What is plant and
machinery?
· What is an industrial
building?
· Which expenses are
allowable against profits?
· When does a business
start and finish?
· What is “succession”?
· Financing business
vehicles?
Summary.
The course is essentially
case law based but with the emphasis on applying precedents to actual examples
of problems which have arisen in practice.
Also included will be
some tax planning ideas currently being put forward, some of which may be
deliberately controversial and are intended to stimulate discussion, including
Tax avoidance possibilities.
Aimed at.
The course is intended to
be of interest to tax staff and partners in general practice, especially those
who have to deal frequently with the Inspectors of Taxes who examine clients''
accounts.
Duration; half day.
Top
The Taxation Of
Doctors And Dentists
Objectives.
To outline the tax law
and practices of particular relevance to these two professions and to discuss
the commercial and regulatory environment within which doctors and dentists are
obliged to operate and to consider its impact on their tax status.
To consider what tax
planning strategies are of particular application to doctors and dentists.
Course contents.
Ø Principles of partnership taxation.
Ø Offices and employments?
Ø Partnership agreements.
Ø Allowable expenses.
Ø Partners expenses and capital all'ces.
Ø Rental income for premises.
Ø Deduction of interest paid.
Ø Capital accounts and interest.
Ø Tax on partnership changes.
Ø Employment of spouses?
Ø Foreign appointments?
Ø Superannuation schemes.
Ø Allocations of profit shares?
Ø Pensionable income?
Ø Private incomes.
Ø Aspects of tax enquiries?
Ø Record keeping & computer systems.
Ø Staff benefits & compliance problems.
Summary
The course is intended to
provide an overall review of the taxation aspects of doctors and dentists
together with some suggestions of tax planning points of particular application
to these professions.
Aimed at.
Any tax staff and partners
who have a frequent involvement with the tax affairs of medical practitioners
Top
The Annual Tax Update
Objectives.
This course is aimed at
general practitioners and their staff and is intended to bring together all the
main developments in personal and business taxation occurring over the previous
twelve months.
Contents.
Ø Part 1: The Annual Finance Act
session.
Ø Income tax changes.
Ø Capital tax changes.
Ø Business & Corporate
tax changes.
Ø VAT changes.
Ø Administrative changes.
Part 2: Developments in
Tax Case Law.
Ø Summaries of recent
cases.
Ø How decisions apply in
practice.
Ø Planning points &
pitfalls.
Part 3: Recent Developments.
· Inland Revenue Press
releases.
· Statements of practice.
· Items in the news.
Summary
Many people offer an
Annual Finance Act lecture. Unfortunately these can often turn out to be fairly
sterile and rather academic affairs. Our approach is to provide a quality set
of guidance notes on the act and then to lecture on only those points likely to
have significant impact day to day. Other matters of topical interest from
taxation news are given equal weight where appropriate.
Top
Corporation Tax Update
Objectives.
To provide a detailed review
of recent developments in the world of Corporation tax with the emphasis on
matters of specific interst to owner-managed companies and business dealt with
by the small and medium sized accountancy practice.
Contents.
Ø Recent statutory changes
Ø Family company Tax
planning – current issues
Ø Recent Tax Cases
Ø Revenue Statements of
Practice
Ø Contentious issues
Ø Settlement issues
Ø IR35 Issues?
Summary
The course gives an
overview of current UK Corporation tax
issue swith the emphasis on highlighting planning opportunities for
director/shareholders and their spouses.
Aimed at:
This course is aimed at
all tax staff and managers dealing with the affairs of family companies. it
will also be of interest to anyone who has to advise on CT planning at all
levels.
Top
An introduction to the principles of Fiscal Share Valuation.
Objectives.
To introduce participants
to the subject of share valuation and to outline the major principles involved.
To discuss the history of the subject and the Revenue's approach to the topic.
Course
contents.
Ø What is "share
Valuation"?
Ø History of Shares
Valuation Division.
Ø Valuation and local tax
offices.
Ø The SVD approach to
negotiation.
Ø Occasions for valuation.
Ø Preparing a valuation.
Ø Negotiating with SVD.
Ø Methods of valuations.
Ø What is "Open Market
Value"?
Ø Review of relevant case
law.
Ø Some basic planning
opportunities.
Summary
The course is intended to
provide a beginners guide to the subject and includes a worked case study plus
references to actual real life examples where appropriate.
This is not meant to be a
highly technical lecture but rather to make tax staff aware of the manner in
which share valuations are carried out, how share valuation can affect tax
liabilities and how important it is to recognise factors and transactions which
may have an important bearing on share valuation matters.
Aimed at:-
The course should appeal
to anyone who deals with the tax affairs of family companies on a day to day
basis and should be of particular relevance to the tax manager who is involved
in medium term capital tax planning for such companies and their shareholders.
Top
A Framework For The Taxation Of
Disposals
Objectives.
To review the capital tax laws on
disposals of business and personal assets within the
Course contents:
·
Occasions of charge:
»
Capital gains tax.
»
Inheritance tax.
·
Methods of computation.
»
Consideration.
»
Deductions.
»
Indexation.
·
The available reliefs:
»
Roll-over-relief.
»
Taper Relief
»
Hold-over reliefs
»
Reinvestment relief under the E.I.S.
·
Planning for business assets:
»
Ownership structure.
»
Property development deals.
»
Shares or assets?
»
Timing of disposals?
»
Use of pension reliefs?
»
Spreading wealth within families?
·
Personal assets:
»
Investment assets eg land.
»
Stocks and shares.
»
The main residence?
»
Foreign property.
»
Second homes.
Summary:-
A
varied and broadly based course which covers several tax planning scenarios and
looks at most of the major types of capital asset which can cause capital tax problems for clients in their
lifetimes.
Top
PAYE & Schedule E Control visits..
Objectives.
To discuss and outline
the reasons why PAYE investigations take place and to suggest the appropriate
methods of dealing with the PAYE audit visit and/or a district Schedule E
investigation.
Contents.
The course includes
several case studies from real life situations and reviews the progress of
actual PAYE audit visits and settlements.
Ø
Historical context on PAYE
investigations.
Ø Preparing for the audit
visit.
Ø Who are the
investigators?
Ø Content of the audit
visit.
Ø Schedule E principles
reviewed.
Ø Payments subject to PAYE?
Ø Is there an employment?
Ø Categorisation problems?
Ø The "assessable
amount"?
Ø Case studies.
Ø Tips and Troncs.
Ø Casuals and PAYE.
Ø PAYE: interest &
penalties.
Ø Problem industries and
trades.
Summary.
The course is intended to
take a practical approach to the question of PAYE visits and to outline the
specific steps the advisor should take when preparing himself and his client
for the inspection of business records and district Schedule E reviews.
Aimed at:
The course should be of
interest to all tax staff partners and managers and indeed anyone involved with
the taxation of employees and directors benefits, especially those who are
involved with the preparation of PAYE returns and P11D's.
Top
Introduction to UK Group Relief .
Objectives.
To provide a thorough
grounding in the law and practice relevant to the taxation of groups of
companies within the
Course content:
Ø What is a group?
Ø Outline of tax reliefs
for groups.
Ø Why are groups formed?
Ø What is a consortium?
Ø Group relief for trading
losses.
Ø Surrenders of ACT.
Ø Group income elections.
Ø Capital gains tax for
groups.
Ø Company trading losses
post FA 1991.
Ø Recent case law on group
taxation.
Ø The impact of PAY &
FILE?
Ø Anti-avoidance
legislation and tax planning?
Ø When to form groups?
Aimed at:
The course will be of
particular interest to tax managers and staff who are getting to grips with the
group tax system for the first time. PE2 students should find it of particular
relevance and the course content should also appeal to all tax partners and
staff who enjoy a back to basics worked example type of approach.
Summary:
This is not a course for
the expert but is intended to give a good practical and technical foundation
and refresher on the subject at a level which most general practitioners should
find relevant.
Duration: half day.
Top
Managing And Marketing The Tax Department
Objectives
To help practitioners to
get the most out of their tax resources both internally by maximising their
technical capabilities and externally by selling their services to existing and
new clients.
Outline
The tax department is
probably one of the most expensive human resource areas of almost any
accountancy or professional advisory practice yet it is often one of the most
undersold and therefore may fail to realise its full fee potential.
This course is an attempt
to highlight areas to which attention should be paid when trying to get the
most out of a tax department.
Contents:
Ø What resources are
needed?
Ø What level of technical
ability?
Ø What to expect from
ex-Revenue staff?
Ø Who should do what?
Ø Methods of controlling
work flow?
Ø Post management in
practice?
Ø Planning the tax diary.
Ø Critical times of the
year?
Ø Overlap with accounting
functions?
Ø What tax services are
marketable?
Ø What tax services do
clients expect?
Ø Tax educating the client
base?
Summary:
This course is not
intended to lay down specific guidelines on how things should be done but
instead suggests a few ideas which have worked in practice for different firms.
It considers the critical tax functions within a firm with a few ways of improving
overall control of workflow and therefore achieving better quality output from
the tax department.
Top
Taxation For Solicitors
Objectives
To outline tax law and
practice relevant to solicitors and other legal professionals and to discuss
the commercial and regulatory environment within which they are obliged to
operate.
to consider what tax
planning strategies are of particular application, and to offer solicitors a
framework for dealing with taxation and identifying where it impacts on their
own clients affairs.
PART I: Taxation
principles.
¯
Principles of
partnership taxation.
¯
Partnership
agreements.
¯
Partners' expense
claims etc.
¯
Rental income and
interest payments.
¯
Partnership changes.
¯
Tax and
"salaried" partners.
PART II: The commercial
environment.
¯
The work of
solicitors.
¯
How solicitors are
organised
¯
The regulatory
framework
PART II: Taxation for
solicitors' clients
¯
Property transactions
¯
Matrimonial disputes.
¯
Wills & Estates.
¯
Commercial disputes
¯
Partnership
dissolutions.
¯
Employment law.
Summary:
The course reviews the
tax affairs of solicitors together with some suggestions of tax planning points
of particular relevance.
Aimed at:
The course should be of
use to anyone dealing with the tax affairs of solicitors; either as a solicitor
themselves or as an adviser to a solicitor client.
Top
Tax Errors—The Accountants' Top Forty
Objectives.
To outline and discuss
how and why errors arise in tax computations on submission to the Revenue and
to identify 40 specific examples of common errors and to suggest protective measures to avoid them.
Contents
Ø Accounts submission errors
Ø Tax return errors.
Ø Capital Gains Tax errors.
Ø Inheritance tax errors.
Ø Errors in correspondence?
Ø Errors over the phone?
Ø Errors in interviews?
Summary:
The course concentrates
on the practical approach and uses real life examples wherever possible to
illustrate the mistakes which arise most frequently. Tax departments can be one
of the most profitable part of an accountants practice but they can also expose
him to the most risk of client disapproval when errors occur. This course
should help minimise those risks.
Aimed at:
The course should be of
interest to all tax staff and managers (even partners) who are involved on a
day to day basis in the submission of information to tax offices. Anyone who
thinks they can never make a mistake should not attend!
Top
Maximising capital allowances:
This course will provide an introduction
to some of the more unusual areas of capital allowances law and practice and
will complement and extend Capital Allowances - The Current regime. The course
covers those areas not commonly encountered but which[may cause difficulty
because of their unusual nature. Delegates will be given the opportunity to
notify in advance areas of special interest.
Heavy industries.
Ø
Agricultural Buildings
Ø
Enterprise Zones and
Ø
Mineral extraction & waste disposal.
Ø
Dredging and sea walls.
Modern technologies.
Ø
Patents and Know-how.
Ø
Scientific research allowances.
Ø
Computer Software Allowances
Unusual Businesses
Ø
Cemeteries and Crematoria.
Ø
Sports grounds and Stadia.
Ø
Shipping allowances and balancing charges.
Ø
Allowances for Rented Property.
Other Areas.
Ø
Claims by employees?
Ø
Individual Partners Capital Allowances claims.
Ø
Interaction of CGT and Capital Allowances
Ø
Problem areas and difficult situations
Top
Tax Aspects Of The Leisure Industry
Objectives
To review the tax
planning opportunities and compliance problems of particular relevance to
businesses operating in the leisure market. The course highlights the
particular planning points of relevance to an industry which is property based,
fast growing and very labour intensive.
Aimed at:
This lecture is aimed
chiefly at Accounting and tax staff and partners who have frequent dealings
with clients in this industry and will be of particular interest to those
likely to have to deal with Capital Gains tax planning and Income Tax and PAYE
compliance matters.
Contents.
Ø Capital tax planning.
Ø Early years income tax
planning.
Ø Capital investment &
tax reliefs.
Ø Sports complexes, leisure
and health clubs.
Ø Tax treatment of lettings
incomes.
Ø PAYE compliance: casuals
etc.
Ø
Ø Planning for seasonal
trades.
Ø Review of specific
tourism trades.
Ø Members sports clubs etc.
Ø Tax cases on tourist
business.
Ø Case studies.
Summary.
This is a wide ranging
course covering issues of interest to the tax practitioner dealing with clients
in leisure and tourist industries such as hotels, restaurants resort
franchisees and similar activities.
Top
A Non-Specialist Guide To Contentious Tax Areas
Objectives
To help the non-tax member of staff identify and deal
correctly with the most common tax problems likely to arise on any client's
accounts or tax returns during the audit and accounts preparation process.
Outline:
Accounts staff have extensive
contact with the information which will form the basis of the tax computations,
and in many cases are responsible for preparing those computations themselves.
This course highlights those areas to which careful attention should be paid
when accounts are being prepared, discusses the commonest causes of technical
disputes with the Revenue, and gives hints on the presentation of information to the Inspector.
Contents
Ø
What is a tax computation?
Ø
What happens to it in
the tax office?
Ø
What information do
clients' records contain?
Ø
What should the
technician look for?
Ø
The basics of the
Schedule D1 computation.
Ø
Capital Versus
Revenue expenditure?
Ø
Private and dual
purpose expenses?
Ø
Schedule D Versus
Schedule E expenses?
Ø
Provisions and
reserves?
Ø
Methods of stock
valuations.
Ø
Plant and machinery
allowances?
Ø
Industrial/Agricultural buildings allowances?
Ø
The Self-Assessment
new review procedures.
Summary:
This course is not
intended for the tax manager or partner
but will probably be of interest to many of their staff. It should appeal to
the tax or accounting technician or trainee and starts from first principles.
The emphasis is however very much on practical examples and the course
includes several real life case
studies.
Top
Compliance Danger Zones
Objectives
To provide accounting and tax staff
with guidance about the danger areas in tax compliance work and to suggest ways
in which preventative measures can be designed into their working procedures.
Outline:
The course is intended to show which
areas of the small and medium sized business clients' affairs are the commonest
source of compliance failures and to suggest ways in which these danger zones
can be identified and avoided as an integral part of every day working
procedures.
Content:
Ø
PAYE compliance
Ø
VAT compliance
Ø
NIC compliance
Ø
Accounts investigations.
Ø
Capital taxes.
Ø
Checklists for prevention.
Ø
Case studies in failure.
Summary:
Nobody can design a completely secure
compliance prevention system and there is no protection against the foolhardy
client who thinks he can beat the system. This course should however provide
the technician and staff member with some checklists to work to and also
highlight some of the danger signs which can often identify potential problems
early on before it is to late.
Top
Tax Forms: Getting Them Right
Objectives
The junior members of staff are often given the task
of completing large number of tax forms in bulk. other more detailed cases are
given to more senior members of staff. Whoever completes tax forms should find
this course of interest. It aims to review all the principle tax forms and
discusses the particular problems they present.
Outline:
The course discusses the occasions on which various
tax forms have to be submitted, highlights the problems and difficulties each
form can cause, and discusses practical examples in particular situations for
each case.
Content:
Ø
Straightforward Tax returns?
Ø
Corporation Tax returns; Pay & File?
Ø
Forms P11D
Ø
PAYE Year End returns.
Ø
Notification forms: 41G etc.
Ø
Tax Appeals and Postponement notices.
Ø
Forms CT61Z
Ø
Herd basis elections?
Ø
Non-residency forms?
Ø
Pension relief forms.
Ø
Forms 15 and 17: (Independent taxation).
Ø
R185's.
Ø
Ill health Retirement Relief forms?
Ø
Continuation elections and revocations.
Ø
Rebasing elections.
Summary:
The course is aimed at anyone who has to fill in tax
forms on a regular basis and will therefore probably be of interest to all tax
and accounts staff.
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A Non-Specialist Guide To Contentious Tax Areas
Objectives
To help the non-tax member of staff identify and deal
correctly with the most common tax problems likely to arise on any client's
accounts or tax returns during the audit and accounts preparation process.
Outline:
Accounts staff have
extensive contact with the information which will form the basis of the tax
computations, and in many cases are responsible for preparing those
computations themselves. This course highlights those areas to which careful
attention should be paid when accounts are being prepared, discusses the
commonest causes of technical disputes with the Revenue, and gives hints on the presentation of information to the Inspector.
Contents
Ø
What is a tax computation?
Ø
What happens to it in
the tax office?
Ø
What information do
clients' records contain?
Ø
What should the
technician look for?
Ø
The basics of the
Schedule D1 computation.
Ø
Capital Versus Revenue
expenditure?
Ø
Private and dual
purpose expenses?
Ø
Schedule D Versus
Schedule E expenses?
Ø
Provisions and
reserves?
Ø
Methods of stock
valuations.
Ø
Plant and machinery
allowances?
Ø
Industrial/Agricultural buildings allowances?
Ø
The Self-Assessment
new review procedures.
Summary:
This course is not
intended for the tax manager or partner
but will probably be of interest to many of their staff. It should appeal to
the tax or accounting technician or trainee and starts from first principles. The
emphasis is however very much on practical examples and the course
includes several real life case
studies.
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Compliance Danger Zones
Objectives
To provide accounting and tax staff
with guidance about the danger areas in tax compliance work and to suggest ways
in which preventative measures can be designed into their working procedures.
Outline:
The course is intended to show which
areas of the small and medium sized business clients' affairs are the commonest
source of compliance failures and to suggest ways in which these danger zones
can be identified and avoided as an integral part of every day working
procedures.
Content:
Ø
PAYE compliance
Ø
VAT compliance
Ø
NIC compliance
Ø
Accounts investigations.
Ø
Capital taxes.
Ø
Checklists for prevention.
Ø
Case studies in failure.
Summary:
Nobody can design a completely
secure compliance prevention system and there is no protection against the
foolhardy client who thinks he can beat the system. This course should however
provide the technician and staff member with some checklists to work to and
also highlight some of the danger signs which can often identify potential
problems early on before it is to late.
Top
Tax Forms: Getting Them Right
Objectives
The junior members of staff are often given the task
of completing large number of tax forms in bulk. other more detailed cases are
given to more senior members of staff. Whoever completes tax forms should find
this course of interest. It aims to review all the principle tax forms and
discusses the particular problems they present.
Outline:
The course discusses the occasions on which various
tax forms have to be submitted, highlights the problems and difficulties each
form can cause, and discusses practical examples in particular situations for
each case.
Content:
Ø
Straightforward Tax returns?
Ø
Corporation Tax returns; Pay & File?
Ø
Forms P11D
Ø
PAYE Year End returns.
Ø
Notification forms: 41G etc.
Ø
Tax Appeals and Postponement notices.
Ø
Forms CT61Z
Ø
Herd basis elections?
Ø
Non-residency forms?
Ø
Pension relief forms.
Ø
Forms 15 and 17: (Independent taxation).
Ø
R185's.
Ø
Ill health Retirement Relief forms?
Ø
Continuation elections and revocations.
Ø
Rebasing elections.
Summary:
The course is aimed at anyone who has to fill in tax
forms on a regular basis and will therefore probably be of interest to all tax
and accounts staff.
Duration: 2-3 hours as required.
Top
IR35:
- Dealing With The Issues For Clients
To Provide Practitioners
With:
A detailed review of the legislation in Schedule 12 FA 2000 and its implications for the client using a
“personal service Company”.
A suggested strategy for advising clients on minimising
their exposure to the IR35
problem and hints on suitable contract clauses.
A summary of recent developments in the contracting tax
field.
A review of the case law precedents and an introduction to
the advisable contract clauses to offer
protection from IR35 exposure.
The Course Will Cover
Ø
Legislation on “personal service companies”
Ø
The latest developments on IR35.
Ø
The Revenue’s approach to the problem.
Ø
The employed-self-employed review?
Ø
Suitable and non-suitable contract clauses.
Ø
Particular problem professions and industries.
Top
Optimising Capital Gains Tax
Who Should
Attend.
This course will
be relevant to all tax managers and partners involved with the strategic
planning of their clients tax affairs, particularly those dealing with the
capital taxation aspects of owner managed business and family run companies.
What you
can gain.
Ø
A
detailed understanding of the FA 1998 CGT regime.
Ø
Examples
of how businesses are affected by the changes.
Ø
Knowledge
of the interaction of Taper Relief and Retirement Relief.
Ø
Ways
of advising clients about planning for the next five years.
Course
contents.
Ø
The
new CGT legislation reviewed in depth.
Ø
The
abolition of indexation allowance
Ø
The
new Taper Relief
Ø
Abolition
of Retirement relief and Reinvestment Relief.
Ø
The
changes to Venture Capital and Enterprise Investment Relief.
Ø
Strategies
to crystallise Retirement relief.
Ø
Opportunities
and threats of the new regime
Ø
The
new rules for share disposals.
Top
Special Compliance Office
Objectives
To outline in detail the
roles of the various specialist investigative and technical offices of the
Inland Revenue, the reasons for their existence and the sorts of cases they
normally deal with.
Outline:
The course discusses the
roles of all the specialist offices, the sorts of officials they employ, their
backgrounds and training, likely expertise, specialisations and experience and
their general approach to casework .
Content:
Ø
The Revenue's Section 20 TMA 1970 powers.
Ø
The Board's Investigation Office
Ø
Enquiry Branch cases.
Ø
Special Office cases.
Ø
Special Investigations Section.
Ø
The Revenue Accountancy Unit.
Ø
Shares Valuation Division.
Ø
The Capital Taxes Office.
Ø
The District Valuer.
Ø
Claims Branch specialists.
Ø
Technical divisions.
Summary
The course is aimed at anyone who
may have to advise clients on how to
deal with "Hansard" interviews or interviews under caution and what
the likely progress of a serious tax investigation may be. It also covers the
non-investigative technical specialisms within the Revenue.
Top
Tax planning for the Entrepreneur.
Objectives
A review of the principal tax planning areas which
are likely to be of particular application to the wealthier business client
particularly those looking towards a business disposal or takeover at some
stage.
Outline:
The course discusses the place of all the major tax
reliefs and exemptions in capital tax planning and also reviews the various tax
effective (or otherwise) types of investment vehicle available currently.
Content:
Ø
Independent taxation and the family.
Ø
The strategic uses of trusts.
Ø
A tax effective Investment vehicle?
Ø
The chief capital gains tax charges and reliefs.
Ø
The chief Inheritance tax reliefs and charges.
Ø
EIS/VCT Deferral Reliefs.
Ø
Tax effective business structures.
Ø
The role of pensions in tax planning.
Ø
Benefits in kind for director shareholders.
Ø
Optimising Taper Relief and Hold-Over reliefs.
Summary:
The
course is a thorough review of the tax planning
and mitigation opportunities currently available to those clients who
are traditionally perhaps at the more adventurous end of the tax avoidance
spectrum.
Top
Tax Planning For Owner Managed And Family
Businesses.
Who Should Attend.
This
course will be relevant to all tax managers and partners involved with the
strategic planning of business clients’ day to day tax affairs. It will appeal
particularly to those dealing with the annual tax liabilities of growing
family-run businesses and companies and especially those who have to submit tax
computations to the Inland Revenue.
What you can gain.
Ø
A framework for planning clients’ tax affairs.
Ø
Ideas for advising clients about tax mitigation.
Ø
Strategies for planing capital taxation for business
clients.
Ø
Ways of planning family tax liabilities for the business
client.
Course contents.
Ø
Tax planing strategies for the new business client.
-
Asset ownership issues
-
Fax and business financing issues
-
Efficient use of losses and capital allowances.
Ø
Tax efficient extraction of value from the owner managed
business
Ø
Tax efficient Incorporation’s.
Ø
Succession planning for the owner managed business
Ø
Tax efficient plans for the sale of the family business
Top
Wills And Inheritance Tax Planning
Objectives:
To
identify the chief components of a tax effective will, and to provide a
framework for the strategic planning of a client’s capital tax affairs.
Content:
Ø
The need for a will
Ø
Intestacy rules.
Ø
Providing for the spouse.
Ø
Dealing with the main residence
Ø
First death bequests.
Ø
using the lifetime thresholds.
Ø
Maximising Business Property Relief.
Ø
Tax effective property ownership.
Ø
Survivorship claims.
Ø
Using family trusts.
Ø
Powers of appointment.
Ø
Revenue attitudes to capital tax planning.
Ø
Using insurance products
Summary:
The
course aims to take a practical approach to minimising the clients overall
exposure to capital taxation. It considers the current law and practice on
capital tax planning and attempts to suggest a framework for advising clients.
Aimed at:
All
staff and partners who are involved in the medium and long term management of a
clients capital taxes.
Top
Tax for the Company Secretary:
A Guide To The Essential Facts
Course objective
To provide a one stop seminar
session for the company secretary as a means of highlighting the significant
tax issues a medium sized (large owner-managed and small public) company can
expect to face in a financial year.
Who should Attend?
Company secretaries working in the
businesses mentioned above and who are involved in giving advice and guidance
on taxation or who come into contact with tax issues and compliance problems
during their working life.
Contents.
The essential areas of Corporation
tax:
Ø Principles of corporation
tax
Ø Computing the liability
Ø Planning for the
liability
Ø Recent developments and
topical issues
Ø Problem areas and chief
compliance danger points.
Ø Transactions which will
involve CT issues.
The essential areas of Employee
taxation.
Ø The PAYE obligation and
compliance rules
Ø Danger Areas on status
and benefits.
Ø Recent developments and
topical tax issues.
Ø Current areas of
controversy and planning
Summary:
A
practical course with a novel approach. The aim is to present the subject as if the
Top
Trusts and taxation a basic frame work.
Designed For:
All
partners managers and tax staff who have involvement with the planning,
administration and compliance aspects of the taxation of
To Provide You With:
Ø
An understanding of
the principle types of trust and their
uses.
Ø
A thorough grounding in the current law and practice on
trust taxation.
Ø
Detailed knowledge of the main compliance issues for trusts.
Ø
A review of the planning points and pitfalls with trust
taxation.
The Course Will Cover:
Ø
What sorts of trust are there?
Ø
How are trusts’ income and gains taxed?
Ø
How are beneficiaries taxed?
Ø
Why are trusts used in tax planning?
Ø
What planning options do trusts offer?
Ø
Avoidance provisions and recent developments.
Ø
Offshore trusts and
Ø
Using offshore trusts for tax planning?
Top
Designing Tax Efficient Remuneration Packages
Objectives
To provide an update on current
thinking on the world of remuneration planning and to identify the
opportunities for the reduction of PAYE/NIC liabilities together with a review
of current Revenue/NICO practice and the approach of the authorities to tax
planning in this increasingly sensitive area.
Course outline.
Ø
NIC and PAYE planning
Ø
Meeting Employees Pecuniary Liabilities
Ø
Joining and leaving payments
Ø
Employment status - personal service companies?
Ø
P11D benefits checklists
Ø
Staff Incentives and share schemes after PRP
Ø
PAYE Settlement Agreements
Ø
Company cars - minimising the tax take?
Ø
The Schedule E compliance environment
Ø
Exempt Benefits
Ø
Miscellaneous points
Ø
Working overseas.
Who should attend
Anyone
involved with the affairs of schedule E employees and particular the
director/shareholder of owner managed businesses
Top
Capital Taxes Planning For Family Limited Companies
Objectives
To provide delegates with a detailed update on
current legislation and practice on the capital taxes which are of relevant to
the family company shareholder director
What you will gain?
A thorough
review of the current capital taxes of relevance to the family company
shareholder director and a summary of the planning opportunities and pitfalls
which can arise.
Contents
A General
Strategy For Capital Tax Planning
The Preliminary
Planning Review
The Current
Structure of Capital taxation.
Ø
Hold-Over-Relief
for gifts of business assets.
Ø
Relief
on The Incorporation of a Business.
Ø
Roll-Over-Relief
Ø
Company
planning considerations
Ø
Shareholder
planning considerations.
Ø
Selling
out: Checklists for buyers and vendors.
Ø
What
will a buyer want to achieve?
Ø
What
will a seller want to achieve?
Ø
Closing down - the main options?
Ø
Disincorporation
Ø
A
Company Purchase of Own Shares.
Ø
The
Ø
Passing
ownership on?
Ø
Inheritance
tax, (IHT).
Ø
Capital
gains tax, (CGT).
Ø
The
CGT and IHT reliefs
Ø
Means
of passing on the family company?
Ø
Incorporation?
Ø
The
Main Tax Considerations.
Ø
The
Main Non-Tax Considerations
Ø
Reorganising
Company Ownership
Ø
Why
reorganise?
Ø
Tax
issues:
Ø
Company
Law considerations
Top
Offshore Tax Planning And Residence
Objectives
To provide a detailed
introduction to the subject of offshore tax planning and to review the
important tax concepts which have a bearing on this topic.
Course outline.
This course reviews the
main areas of residence, ordinary residence and domicile as they affect
liability to
Course Contents
Ø Definitions of residence
ordinary residence and domicile
Ø Emigration and planning
concepts.
Ø Inheritance tax and
capital gains tax planning
Ø Using tax havens
Ø Self-assessment issues.
Ø Documentation and
evidence of residence status
Ø Relevant case law
Ø Employment and self
employment abroad
Ø Revenue guidance and
practices
Ø Company residence issues
Ø E-commerce issues
Top
Revenue Interviews And Appeals
Objectives
To provide tax practitioners
and accountants with practical guidance on dealing with meetings with the
Revenue, advising and assisting clients throughout meetings and also preparing
for and dealing with appearances before the Tax Commissioners on behalf of
clients.
Course outline.
A
meeting with the Inspector of taxes, for whatever reason, can be a stressful
and sometimes traumatic experience for even the most self-confident taxpayer.
This course aims to provide the adviser with a comprehensive set of guidelines
and practical pointers on dealing with these situations, helping clients to
survive them and getting the best out such meetings.
Self-assessment is also
gradually seeing an increase in the number of occasions on which practitioners
are taking recourse to the Tax Tribunal on behalf of their clients,
particularly in Enquiry situations and this course aims to cover the
legislation and practices relevant to dealing with these hearings to equip
practitioners to perform well at them.
Course contents
PART 1:
REVENUE INTERVIEWS
Ø
Preparing the client
Ø Objectives of the meeting
& the legal background
Ø Inspector’s powers
Ø Interview techniques
Ø Danger areas and pressure
points
Ø The role of the meeting in
the enquiry process
Ø Stress reduction
techniques.
Ø Taking control and
surviving the ordeal
PART 2:
COMMISSIONERS APPEALS
Ø Legal background
Ø Commissioners’ powers
Ø Taxpayers’ rights and
responsibilities
Ø What can be appealed
Ø Order and procedures of hearings
Ø Roles of the participants
Ø Using the Clerk
Ø Presenting evidence
Ø Use of witnesses
Ø General conduct and effectiveness
hints
Top
Administrative arrangements.
FEES:
A fee will always be
quoted on request. The current rate for a half day lecture, (normally three
complete lecturing hours) is £650 plus VAT. Fees can however be negotiated on
an individual basis for any occasion. If a full day's course presentation is
required the fee is normally £1000 plus VAT.
The above fees include
all preparation time but do not generally include travel and accommodation
expenses although fixed fees will be quoted if this is preferred.
Travel expenses are
normally charged in addition to the above fees at the rate of 40p per mile plus
the cost of overnight accommodation if this proves to be necessary. Again
expenses can be dealt with as part of an all inclusive fee quote if this is
preferred.
The above rates will be
held until 31 December 2004
COURSE NOTES.
A Master copy of all
course material is provided usually two weeks in advance of the date of the
presentation as part of the fee quoted. For the annual Tax Update and Finance
Act lectures professionally printed and bound notes can be provided if required
at a price to be agreed in advance.
FOLLOW UP.
Course delegates are
welcome to contact Russell for taxation
consultancy advice after a lecture has been presented. Where a specific course
has been developed for a particular organisation subsequent follow up training
sessions and workshop can also be arranged to suit your own requirements.
Full paper or disk copies
of the slides which Russell uses for
most of his presentations can be made available on request after a course for a
small additional fee of £95 plus VAT.
If you have any further queries or
would like to hear more please telephone Russell on 01900-824542 (Tel/fax)
E-Mail
russ@bluebellhouse.plus.com