Overview:
Company Law, Accounting Standards which are tax relevant, and the Taxation of companies have many interrelationships. These relationships need to be kept in mind by professional accountants who advise clients, as well as those who work as professional accountants within industry.
Being aware of such relationships will enhance the professional’s critical thinking and enable them to advise clients on potential courses of action.
This session is a perfect introductory insight into the consideration of other laws which can affect tax treatments of transactions.
It also explores basic aspects of some Accounting Standards which are tax treatment relevant.
It finishes up with a number of unusual tax issues encountered in practice.
Key Features of the Course:
This CPD session will cover:
- 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
- BIKs & 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
Speaker:
Dermot Madden
B.Comm (Hons), FCCA, FCPA, Dip IFRS, Dip. Forensic Accounting, Dip. Insolvency, Cert. UK & Irish GAAP, Accredited Mediator. Former Commissioned Higher Grade Inspector of Taxes, Revenue Commissioners
Dermot Madden has over forty years’ experience working at senior levels in the Revenue Commissioners and the Office of the Director of Corporate Enforcement (ODCE).
He is a former Commissioned Inspector of Taxes who led the DIRT enquiry audits on behalf of the Revenue Commissioners.
Dermot was the senior Forensic Accountant in the ODCE for over fourteen years. He has substantial and unique courtroom experience in giving expert witness testimony.
He has authored grounding affidavits in major white collar criminal cases.He has lectured and examined Forensic AccountingatTrinity College Dublin.
Dermot will bring his unique experiences, insights and advices to accounting and auditing professionals, to enhance their understanding of day-to-day Company Law and Tax issues and relationships.