The Taxcalc Podcast TaxCalc

Ever wondered what the inspector is thinking during a practice compliance visit?

Practice inspections are never a welcome part of life as an accountant but, when they do happen, it’s wise to be prepared.

We invited experts Lucy Brown and Mike Jardine of Calathea Solutions to share their experiences of helping firms across the country bring their Anti-Money Laundering processes in line with regulations.



We discussed:


What exactly your firm needs to do in order to comply with AML legislation.
Where most mistakes are made and which factors contribute to the most fines.
What kind of issues inspectors raise as red flags to warrant further investigation (and greater inconvenience for you).

Planning for potential tax liabilities can be challenging, even during periods of political and economic stability. With the prospect of a new Government and major tax modifications on the horizon, how can you support your clients in managing that risk and uncertainty?

We were joined by tax planning expert and co-founder of Tag Tax, David Logan, to explore the key conversations you should be having with your clients and the main areas of tax planning you should be focussing on. We were also joined by Lorraine Ellison who shared her experiences using many of David’s strategies.



Key talking points:


Exit planning - how to support clients looking to sell in the next few years
Inheritance tax planning - how changes to exemptions and reliefs may affect your advice
With increased scrutiny of R&D claims, are they still worth the effort?
Are property incorporations the next ticking time bomb?
HMRC’s focus on Persons of Significant Control (PSCs) and what this means for your clients.



To watch the full webinar, please register here:

https://campaigns.taxcalc.com/webinar-tax-planning-for-turbulent-times/

Recent changes to the way Corporation Tax (CT) is applied to clients who operate more than one business raise a number of issues. How is an associated company defined? How are CT limits divided between those businesses?

Confused? You may well be. But never fear. In this podcast, we were joined by the phenomenal Sharon Cooke from 20:20 Innovation to update you and provide much-needed clarity.



Areas covered include:


Outline of the changes to CT.
An in-depth look at new CT rates and to whom they apply.
What qualifies as an associated company.
How marginal relief is calculated.
Payment of taxes and implications.
Planning points and modelled examples.
Live Q&A.



To watch the full webinar, please register at:

https://campaigns.taxcalc.com/webinar-corporation-tax-rates/

Firms across the UK are facing an extraordinary recruitment crisis. Skills shortages abound and vacancies for junior and senior roles are going unfilled. What’s worse, there doesn’t seem to be an end in sight.

This has prompted many accountants to look further afield for much-needed resource. Outsourcing providers in India, Malaysia and elsewhere have stepped up to meet the challenge.

If you’re considering exploring these options, an understanding of the pros and cons in advance will increase your chances of success.



Subjects covered include:


The different types of outsourcing to consider.
Where the key, real world, risks lie.
How outsourcing can impact your existing team and how to minimise disruption.
Security issues – what you should you consider.
How to build a productive relationship with your provider.
What technology you need for optimal outsourcing.
How much do you tell your customers?
And much more.



To watch the full webinar, please register at:

https://campaigns.taxcalc.com/webinar-accountancy-outsourcing/

HMRC enquiries are on the rise. And as you know, they can be stressful and time-consuming for you, not to mention expensive for your clients.

In this edition, we were joined by two seasoned professionals, Sara Scala and Paul Rigney, who shared valuable insights and advice in countering the worst aspects of a client investigation.



We examined:


Insights into HMRC’s statements about their areas of focus.
The realities of how that is translating into real life investigations.
HMRC investigatory tactics.
What to do if a client receives an enquiry notice.
Handling communications and meetings with HMRC.



To watch the full webinar, please register at:

https://campaigns.taxcalc.com/webinar-hmrc-investigations/