CPD COURSE PROGRAMME 2014/15

Transcription

1 CPD COURSE PROGRAMME 2014/15 BUSINESS WITH CONFIDENCE icaew.com/eastengland

2 WELCOME TO OUR NEW CPD COURSE PROGRAMME The South Essex Society s Courses Committee meets annually to discuss the topics our courses should cover to be of the most help to you and your business. This season s programme covers a wide range of topics, which we hope will help add value to your business and your clients businesses too. We hope you find the courses you need within our programme. If not, do please let us know by contacting our Regional Executive, Linda Howard on +44 (0) or linda.howard@icaew.com You can be assured that any comments will be carefully considered by the committee. Duncan Sheekey Chairman, Programme, Conferences and Courses Committee BOOKING PROCEDURE AND COSTS 500 for 10 courses (Personal Discount Scheme) or 50% discount for all staff on any course with an annual subscription of 500 (Firms Discount Scheme) or 100 for Individual courses Please send your payment with the appropriate booking form at the back of the brochure, or book online at icaew.com/southessex COURSE PROGRAMME We reserve the right to vary the published programme Date Time Course Speaker Venue Thursday 16 October FINANCE ACT 2014 (CP 24) Mark Morton, Thursday 16 October 2014 REMUNERATION PACKAGE PLANNING (CP 244) Mark Morton, Thursday 1 November OBTAINING, ASSESSING AND DOCUMENTING AUDIT EVIDENCE (CP 245) Chris Elliott, Thursday 1 November 2014 AUDIT AND ASSURANCE UPDATE (CP 246) Chris Elliott, Monday 24 November 2014 IMPLEMENTING THE NEW FRS (CP 247) Phil Frost, Wednesday December 2014 AUTO ENROLMENT: WHAT YOU NEED TO KNOW (CP 248) Pat Nown, Stock Brook Country Club, Billericay Wednesday 25 February EMPLOYMENT TAXES UPDATE (CP 249) Mark Ward, The Professional Training Partnership Wednesday 25 February 2015 VAT UPDATE AND SPECIFIC BUSINESS SECTOR ISSUES (CP 250) Simone Hurst, VATease Monday 2 March 2015 CHARITIES: CURRENT ISSUES (CP 251) Bill Telford, Telford Financial Training Thursday 16 April 2015 BUSINESS STRUCTURES - TAX ISSUES (CP 252) Martyn Ingles, Ingles Tax & Tax Training Ltd Monday 11 May 2015 TAX PLANNING FOR RETIREMENT (CP 25) Tony Jenkins, Dragon Training Wednesday June ACCOUNTANCY UPDATE AND CURRENT ISSUES (CP 254) Jeremy Williams, Wednesday June 2015 TOP TIPS FOR DELIVERING THE PROFITABLE ASSIGNMENT (CP 255) Jeremy Williams, Tuesday 0 June 2015 TAX IN THE CONSTRUCTION INDUSTRY: A REFRESHER AND PLANNING (CP 256) Tim Palmer, Palmer Training Ltd Hylands House Chelmsford Cancellations, Refunds and Transfers Transfer of bookings to another course may be made up to seven working days before the course booked on. No refund will be due for cancellations received within seven working days of a course. Replacement delegates may be sent. 2

3 Finance Act 2014 Thursday 16 October 2014, SPEAKER Mark Morton, This course will cover all of the major clauses in the Finance Act and will concentrate on the practical implications for accountants and their clients. Personal tax, including changes to pensions and the transferable MCA Business and corporate tax changes including the new rules for partnerships and LLPs and AIA Changes for charities and CASCs, including the new Social Investment Relief Employee tax, including changes to share schemes and the rules for company cars and vans Capital taxes changes, including restrictions to PPR VAT and SDLT, including the changes to the enveloped dwellings charge Other legislative changes CP24 Remuneration Package Planning Thursday 16 October 2014, SPEAKER Mark Morton, With each successive Finance Act, previously tax-efficient remuneration packages lose their appeal and new opportunities are created. The perils associated with the provision of benefits continue to require great attention (especially with the new-style P11D and its attendant penalties). This course will update participants on the latest developments in employee taxation and suggest ways of minimising the burden for both employee and employer. Efficient remuneration planning for the owner/manager Extraction as capital, including Entrepreneurs' Relief Transferring income to other members of the family The most popular benefits National Insurance efficiency Non-taxable payments and benefits Problem areas CP244

4 Obtaining, Assessing and Documenting Audit Evidence Thursday 1 November 2014, SPEAKER Chris Elliott, Developments in auditing standards in the last few years have increased the significance (and in some cases the risk!) of using audit evidence from clients, experts and third parties. Regulators and file reviewers regularly mention weaknesses in the approach to such evidence and indeed in the actual evidence obtained. The ISAs include a number of specific requirements together with guidance intended to strengthen audit practice, and auditors need to be reasonably familiar with these requirements. The course examines these areas and provides practical guidance concerning regular problems arising in the audit of owner managed companies. The course includes a number of worked examples and case studies. (AUDIT RELATED: ) Directors and auditors responsibilities: - directors responsibilities and pre-conditions for an audit - audit evidence and recording evidence Dealing with third parties: - management experts and auditors experts - service organisations and outsourcing - external confirmations - using internal auditors Common problem areas: - groups and working with component auditors - using non-audit services effectively - evidencing fraud considerations - accounting estimates including impairment of fixed assets - related parties - going concern - subsequent events - management representations and communication with those charged with governance CP245 Audit and Assurance Update Thursday 1 November 2014, SPEAKER Chris Elliott, We are now into the fourth year of conducting audits under the clarified ISA regime. It is therefore imperative that audit files demonstrate an understanding of, and compliance with, the requirements of the clarified ISAs. This course will look at the most recent changes affecting auditing in the UK and their practical implications for the planning and execution of audits. Changes in the audit exemption rules mean that more companies will not require a statutory audit and so the course will also cover developments in the guidance in relation to the provision of assurance services, in particular assurance review engagements. The course is aimed at partners, managers and senior staff involved in audit. (AUDIT RELATED: ) Feedback from the main Regulators (QAD/ACCA/AQR) and the FRC annual report Preparing for FRS Audit implications What does an assurance review engagement involve? Effective use of sampling - factors to consider A practical look at substantive analytical procedures Continuing problem areas - a reminder (including scepticism, estimates and fraud) A summary of the Auditing Standards, Practice Notes, Technical Releases and other audit pronouncements issued since the previous audit update course Latest guidance on owner managed business audits Recent and likely future developments affecting auditing in the UK (including EU and BIS proposals) Short examples and exercises will be used to illustrate common problems identified during file reviews and how to prevent them occurring on your files. Note: The course will focus on the audits of individual entities rather than group issues. CP246 4

5 Implementing the New FRS Monday 24 November 2014, SPEAKER Phil Frost, UK GAAP is undergoing a radical overhaul. Companies will be required to adopt the new accounting standards for periods commencing on or after 1st January 2015, restating their comparatives as appropriate. The FRSSE will remain though with consequential changes. Entities which are currently required to or chose to adopt IFRS will continue to be able to do so. However, there is a reduced disclosure framework for parent entities and subsidiaries set out in FRS 101. Entities which are not required to or chose not to adopt to IFRS, or which are not allowed to prepare accounts under the FRSSE will be required to adopt The FRS embodied in FRS 102. This course will explore the new standards in detail detailing the key areas which will require different treatment. (AUDIT RELATED: ) An overview of how the new standards were developed FRS 100 Application of Financial Reporting Requirements what entities are required or can choose to do FRS 101 Reduced Disclosure Framework for those adopting IFRS FRS 102 What the new requirements are and the key differences from current UK GAAP The impact on FRSSE entities The transition process and the importance of the opening comparative balance sheet CP247 Auto Enrolment: What You Need to Know Wednesday December 2014 Stock Brook Country Club, Billericay SPEAKER Pat Nown, The Pensions Act 2008 and 2011 introduced a series of measures referred to as 'automatic enrolment' whereby employers are required to put qualifying individuals into a workplace pension scheme. Many large employers have already commenced auto enrolment as there is a planned timetable for implementation depending on the number of employees. However, research suggests that many smaller employers and their employees are still very much in the dark about what it all means. This is partly because many businesses employ fewer than 50 individuals and this size of business is not required to compulsorily start until 1 June 2015 at the earliest. These changes to pensions law affect every employer in the UK. The policy aim is to help people save for retirement as millions of people in the UK are not saving enough for retirement yet are living longer lives. Planning for this key change earlier rather than later is essential to ensuring that SME businesses are prepared as there are a wide range of issues to understand and consider. This course has been designed to outline the essential framework of what you need to know to get started and how the process works. Specifically the content will include: Staging dates Types of worker and their relevance Identification of workers for auto enrolment Financial contributions Choosing a pension scheme and the role of NEST Communication processes Opting in/out Administering the auto enrolment process Compliance and penalties CP248 5

6 Employment Taxes Update Wednesday 25 February 2015, SPEAKER Mark Ward, The Professional Training Partnership To review the current practice and procedures relating to the taxation of employees and the national insurance implications, with particular focus on recent and impending developments, and potential problem areas Classes 1 & 1A national insurance contributions Emoluments and benefits in kind Car benefits Disguised remuneration issues and EBTs IR5 and status issues Share schemes Termination and other ex-gratia payments Expenses payments, including travel Administration CP249 VAT Update and Specific Business Sector Issues Wednesday 25 February 2015, SPEAKER Simone Hurst, VATease In addition to reviewing general VAT changes in the last 12 months, this course will also give you an overview of some of the key VAT issues relating to certain business sectors. The first half of the course will concentrate on a general VAT update and the second half of the course will focus on specific business sector VAT issues. (AUDIT RELATED: 1) Review of VAT changes in the previous 12 months including a summary of case law Charities Health and Welfare Construction Industry Property Development Retail Other areas such as motor, solicitors, education depending on available time CP250 6

7 Charities: Current Issues Monday 2 March 2015, SPEAKER Bill Telford, Telford Financial Training Accounting for charities is subject to continual change. Recent developments include legislative changes as well as regulatory developments. In particular the Charities SORP has been updated to reflect the changes introduced by FRS 102 and consequent changes to the FRSSE (which may well have been withdrawn by the date of the course!) This course will consider the practical impact in charity accounts that arise from these changes. It will also address key auditing issues together with issues for reporting accountants. Recent legal and regulatory developments and Charity Commission consultations and publications. Planning for the new Charities SORP The impact of changes in charity funding and public sector involvement on trustees reports and accounts Charitable structures including Charitable Incorporated Organisations Audit and assurance issues including independent examinations, whistle blowing and clarified ISAs (AUDIT RELATED: ) CP251 Business Structures - Tax Issues Thursday 16 April 2015, SPEAKER Martyn Ingles, Ingles Tax and Training Limited The best structure for start-up businesses is not necessarily appropriate as the business grows and it will often be necessary to review and possibly revise the structure in the future. The business structure chosen will also have an impact on the tax treatment of the eventual sale or exit from the business. You should gain an understanding of the most appropriate tax structure at various times in the life cycle of a business and the need for a periodic review of the most appropriate structure. The course will consider in particular the antiavoidance measures targeting partnerships and LLPs with non-individual members that were introduced in Finance Act The course will include: Tax advantages of limited companies Tax treatment of partnerships and LLPs Incorporation of the partnership - comparison of company with LLP Hybrid structures involving corporate members and service companies Anti-avoidance targeting the use of corporate partners by partnerships and LLP The extension of the loans to participators rules to LLPs Tax consequences of forming a group or joint venture Tax implications of demerging the business Selling the business - tax implications of different structures CP252 7

8 Tax Planning for Retirement Monday 11 May 2015, SPEAKER Tony Jenkins, Dragon Training Retirement is a time that hopefully comes to all of us, some sooner others later. As time passes opportunities must be taken advantage of to maximise the ability and the tax efficiency of accumulating wealth towards retirement. Changes in the pension regime both in terms of what can be saved and withdrawn are important and must be fully understood. Access to pension schemes has been made more flexible from 27 March 2014 and will become more flexible from April When considering that planning in relation to retirement it is not only the pension provisions that need to be considered but all the income and capital tax provisions both before retirement and also during retirement. The approved pension provisions (including state pension provisions) Unapproved pensions provisions The use of other assets for pension provision including property Exit routes from a family company or OMB CGT planning on retirement Considering relevant aspects across each age group Extracting funds from pensions arrangements Income and capital taxes during retirement This course will give delegates a thorough and wide knowledge on all tax aspects of pension matters. CP25 Accountancy Update and Current Issues Wednesday June 2015, SPEAKER Jeremy Williams, On completion of the course, participants will: Understand the practical impact of the FRC s Future of UK GAAP project on all sizes of companies Be aware of all FRC Accounting Standards and FREDs issued since the last update course Understand which pronouncements affect them and the action that should be taken Understand other pronouncements, discussion documents and developments arising during the period which affect accounting, reporting, practical legal issues, and the related work of practitioners (AUDIT RELATED: ) Content may change as a result of developments but is likely to include: The implementation of the FRC s proposal for the Future of Financial Reporting in the UK and Republic of Ireland specifically FRSs 100, 101 and 102 and of their proposals for small entities, together with a review of the practical impact of the revised EU Accounting Directive, and an overview of the requirements of FRS 102 including the transitional provisions Current developments and issues in International GAAP Other current developments and issues in UK GAAP, including the changes to accounting and reporting by incorporated micro-entities and the introduction of the cash accounting option for smaller unincorporated entities, together with the impact of, and opportunities arising from, changes in audit exemption Developments in money laundering including feedback on the ICAEW s AML benchmarking exercise Accounting and reporting areas where frequent mistakes are discovered Developments in specialist areas including the revised SORPs Regulatory changes and QAD feedback on Practice Assurance CP254 8

9 Top Tips for Delivering the Profitable Assignment Wednesday June 2015, SPEAKER Jeremy Williams, The course is an opportunity for the practitioner to focus on the ways in which assignments can be made more profitable. Most courses concentrate on technical aspects and neglect other essential aspects. This course will address some technical issues but in the context of other areas the practice needs to consider. The outcome should be that delegates identify clear actions which would improve profitability on individual assignments. (AUDIT RELATED: ) Objectives for the assignment - What do your clients need? - What do you need? Efficiency and effectiveness of the work - Gaining benefit from time spent planning - Using technology better - Going for minimum not maximum compliance with the rules Finalisation procedures - What goes wrong? - Improving review procedures Administrative procedures - Budgeting, ensuring this plans for profit - Timetabling key elements of all assignments - Billing the right amount at the right time - Measuring performance indicators that matter Managing people and work - Planning with the resources you have, not those you dream of! - Managing and motivating your team. CP255 Tax in the Construction Industry: A Refresher and Planning Tuesday 0 June 2015 Hylands House, Chelmsford SPEAKER Tim Palmer, Palmer Training Ltd The course will provide a detailed insight into how the Construction Industry Scheme works in practice and explains the tax responsibilities and roles of both the contractor and subcontractor. Participants will gain an understanding of the current CIS tax rules and administration requirements. The full practical impact of tax and CIS will be considered, together with an update on recent developments. This course will cover: The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime Verification and the steps contractors have to take The dealings the contractor will have with HMRC The monthly CIS return: its completion and filing The impact on the subcontractor Is the subcontractor really self-employed? Current problems facing contractors and subcontractors What really are construction operations Who are within the scheme and who are not CIS penalties Current IR5 issues facing the construction industry Practical CIS planning General overview CP256 9

10 BOOKING FORM PLEASE PHOTOCOPY THIS FORM Please complete the form and send with payment to the address below. Book online at icaew.com/southessex DETAILS BOOKING QUERIES Name: (BLOCK CAPITALS please) Address Course Code (eg CP 100) Address Course Title Postcode/Zipcode Date Venue Company/Firm FDS Membership No. *(if applicable) Country Telephone No Fax number address DELEGATE NAMES (First Name and Surname in BLOCK CAPITALS please) Address ICAEW Membership No. PLACES REQUIRED COURSE FEES FEE (excluding VAT) NO. PEOPLE TOTAL COST Adult Student Less 50% discount for Firms Discount Members*. Sub Total. VAT (20%) Total remittance enclosed (payable to SES Chartac).. EVENTS BOOKING TEAM ICAEW PO Box 608 Milton Keynes MK10 1PG T +44 (0) / +44 (0) F +44 (0) E events@icaew.com 10

11 Firms Discount Scheme Application Tailored for the larger practice Annual subscription fee of 500 plus VAT 50% discount on all course fees for any member of staff Please enrol/renew my firm/organisation as a member of the Firms Discount Scheme. I understand that my subscription entitles me and any of my staff to 50% discount per place on any of the courses shown on this leaflet. Please use the booking form on page 10 to inform us of the places you would like to book on each course. Or, once your annual subscription has been paid, bookings may be made online using the 50% discount code we will send with your scheme payment confirmation letter. Book online at icaew.com/southessex I enclose a cheque for VAT ( 600) made payable to SES Chartac to cover the annual subscription fee. Name of Firm/Organisation No. of Partners No. of Qualified Staff Unqualified Staff Contact Address Telephone No. Postcode/Zipcode Signature Date DD MM YY Personal Discount Scheme Membership Tailored for the sole practitioner/smaller practice 10 half day courses for 500 plus VAT Your subscription entitles you to one place on any 10 of the 14 courses listed. You may send any one individual from your office on each of the ten courses chosen. All 10 places must be used by the end of July Sole practitioners should you wish to attend more than ten courses, one extra place on any of the remaining four courses may be booked at 50 plus VAT per place. Smaller practices may also book up to four extra places, either on the courses already chosen, or on the remaining four courses, at 50 plus VAT per place, but no more than two delegates per course from any one firm may attend using this scheme. For multiple course bookings you should use the Firms Discount Scheme. Please use the booking form overleaf to indicate the courses you wish to attend. You may join the personal discount scheme online at icaew.com/sespersonaldiscountscheme You will be issued a unique code which will allow you to select and book your 10 half day courses. I enclose a cheque for VAT ( 600) made payable to SES Chartac. Name Address Company/Firm ICAEW Membership No. Telephone No. Postcode/Zipcode Date DD MM YY 11

12 PERSONAL DISCOUNT SCHEME ADVANCE BOOKING FORM PLAN AHEAD make your course selection now Course Date Venue No of places Delegate name(s) FINANCE ACT 2014 (CP 24) Thursday 16 October 2014 REMUNERATION PACKAGE PLANNING (CP 244) Thursday 16 October 2014 OBTAINING, ASSESSING AND DOCUMENTING AUDIT EVIDENCE (CP 245) Thursday 1 November 2014 AUDIT AND ASSURANCE UPDATE (CP 246) Thursday 1 November 2014 IMPLEMENTING THE NEW FRS (CP 247) Monday 24 November 2014 AUTO ENROLMENT: WHAT YOU NEED TO KNOW (CP 248) Wednesday December 2014 Stock Brook Country Club Billericay EMPLOYMENT TAXES UPDATE (CP 249) Wednesday 25 February 2015 VAT UPDATE AND SPECIFIC BUSINESS SECTOR ISSUES (CP 250) Wednesday 25 February 2015 CHARITIES: CURRENT ISSUES (CP 251) Monday 2 March 2015 BUSINESS STRUCTURES - TAX ISSUES (CP 252) Thursday 16 April 2015 TAX PLANNING FOR RETIREMENT (CP 25) Monday 11 May 2015 ACCOUNTANCY UPDATE AND CURRENT ISSUES (CP 254) TOP TIPS FOR DELIVERING THE PROFITABLE ASSIGNMENT (CP 255) TAX IN THE CONSTRUCTION INDUSTRY: A REFRESHER AND PLANNING (CP 256) Wednesday June 2015 Wednesday June 2015 Tuesday 0 June 2015 Hylands House Chelmsford Changes can be made at a later date but must be notified in writing EVENTS BOOKING TEAM ICAEW PO Box 608 Milton Keynes MK10 1PG T +44 (0) / +44 (0) F +44 (0) E events@icaew.com