Full Day CPD Catch-Up - Spring

Objectives

To help the busy accountant keep up to date with their CPD, this session will round up on key developments across all technical areas over the last 6 months. We will draw out a range of practical tips and advice to implement in the firm.

The 6 monthly update will include news and guidance around:

• Accounting and auditing standards 
• FRC, ICAEW and ACCA guidance
• Company law 
• Tax issues for individuals
• Tax and VAT issues for businesses
• HMRC news

Please note that the update on auditing standards will be presented as the last session of the day, enabling an early finish for those not working in this area.

Key Topics

This is a topical course and the content of each session will reflect that. It is likely to cover: 

Accounting and Company Law

• Update to FRS 102 (and associated tax implications)
• Companies House reform & Company size changes
• Refresher on common accounting problems
• ICAEW Practice Assurance Monitoring review

Taxation

• Finance Act 2024
• Budget 2024
• Finance (No 2) Bill 2024
• The road ahead, including towards a new April 2025 regime for furnished holiday lets (FHLs) and non UK domiciled individuals.
• Topical issues including:
  • Basis Period transition in 2023/24
  • Cash Accounting adoption in 2024/25?
  • Making Tax Digital for Income Tax
  • Associated Companies and their impact on corporation tax planning
  • Should I incorporate my clients in 2024/25?
  • Profit extraction strategies in 2024/25
  • Capital allowances and full-expensing
  • R&D claims – points to consider before submitting a claim in 2024
  • PCRT and AI in tax

Auditing

• Revised FRC Ethical Standard (ES)
• ISA 315 common issues
• FRC thematic review of sampling
• Preparing for ISA 600
• Attendance at the stock take
• ICAEW changes to audit regulations
• ICAEW report on audit monitoring 2022/23

Who Should Attend?

The course will benefit anyone involved in the preparation of accounts and tax work for clients, as well as those who need an awareness of general regulatory changes that impact on practices. The day will also include an update specifically relevant for auditors.