Are you ready for the new UK GAAP?
Most tax computations start with profit per the accounts, and profit per the accounts is changing under new UK GAAP. All involved in the preparation of accounts and tax computations need to be aware whether these changes affect taxable profit or need adjustment in the computation. These changes apply to all companies and businesses.
To help you prepare for these changes, Bill Telford will be leading a special White Horse Training CPD course on Monday 9th May.
Due to the overwhelming demand for this course, we will be offering a live webcast so you can watch it online from your own desk.
The new GAAP standards give a number of choices which have different tax implications. You need to assist clients to make the most appropriate choices. In addition, advisers need to understand the new rules on micro-companies and the reduced information provided to HMRC, ensuring that tax planning works, increasingly involves ensuring that the related accounting is correct. HMRC continue to challenge – and win – cases on the basis of incorrect accounting leading to incorrect tax, and recent cases have confirmed the importance of sound accounting arguments. Finally, tax practitioners and accountants are often required to prepare the deferred tax computation and draft the tax notes for the financial statements, and these are changing significantly.
To help you meet these requirements, this course will cover:
- The development and application of the general principles
- The tax computation in a year of change – adjustment income or expense
- Dealing with HMRC on accounting matters
- Accounting for tax – changes in the treatment and disclosure of current and deferred tax
Having qualified with an international practice, Bill has spent more than 30 years in technical and training roles within the profession. He now works as a freelance lecturer and training consultant and is well known for his entertaining and authoritative style, being able to make his topics practical, interesting and relevant, in particular to the small and medium sized firm. Bill has been involved in ICAEW matters over many years and has served on Council and the Learning & Professional Development Board.
This course is free of charge for members of White Horse Training. Non-members can watch the webcast for £105 + VAT.
To book a place, please contact firstname.lastname@example.org or call 01225 460167.