Company Law and the Taxation of Companies and Accounting Standards which are tax relevant, have many interrelationships, and these relationships need to be kept in mind, as professional accountants advise clients, or work as professional accountants in industry.
Being aware of such relationships will enhance the professional`s critical thinking as he or she ponder issues or advise on potential courses of action.
Why Incorporate?
Company Types – advantages / disadvantages
Directors – Company Law & Tax Issues compared
Financial Accounting – Company Law & Tax Issues compared
Regulatory Reporting to be aware of
Specific Issues
- Contracts of and for services
- Employee & Directors Expenses
- Termination payments
- BIK`s & Perks
- Distributable Profits & Surcharge
- Loans
Reliefs involving Company & Tax Law
- CGT Incorporation Relief
- CGT Company Share Buy Backs
- Goodwill
Accounting Standards
- FRS 102
- Revenue recognition /Receivables
- Inventory /WIP
- Provisions& Accruals