Topics are as follows:
Insolvency & Restructuring:
Restructuring for Companies under pressure
Speaker – Tom Murray, Friel Stafford
Currently, many companies are treading water and many directors are in the ostrich zone
In this session, Tom will discuss
• Taking action early
• Assessing the financial picture
• Considering company and personal security (charges, personal guarantees etc.),
• If the company is viable, looking at restructuring options
• Refinancing the balance sheet
• Considering Schemes of Arrangement and examinership
Audit & Accounting:
Current Issues with Owner Management Companies
Speaker – Will Townsend, Cooney Carey
• What is an Owners Management Company (Residential / Mixed Use Development)?
• Multi-Unit Development Act, 2011 – what companies does it apply to?
• Accounting & Auditing issues that may arise
- Revenue recognition
- Taxation matters
- Service charge debtor’s collection and inclusion of impairment provision or not
- Revenue recognition – service charges, sinking fund, levies
- Use of a service organisation – property manager (PSRA)
- Related party transactions – common examples (directors, developers, property managers)
- Fixed assets – capitalisation or expense
- Going concern – potential cash flow issues need to be reviewed
- MUD Act 2011 – needs to be considered
- Application of audit exemption abridged financial statements and FRS 102 1A
- Directors Report v’s MUD Annual Report requirements
- Current topical issues
Solutions to Complex but Common Tax Questions
Speaker – Derek Andrews, Andrews Tax Consulting and Coventure
This course will highlight clever tax strategies and introduce accountants to advances in technology and tax software that can be used to put solutions at their fingertips to common tax problems, helping the accountant to slash costs, reduce time, and add huge value to their clients and to their bottom line.
The topics covered will include:
• Car ownership - is it more tax efficient to own it through a company or privately?
• Property ownership – is it more tax efficient to own it through a company or hold it privately?
• Cash extraction for personal gain in an anti-avoidance climate.
• Common mistakes when dealing with shares.
• Identifying the correct valuation date and filing deadline with wills.
• Transfer of a family home and accessing exemption from inheritance tax when conditions are not met.
• Obscure VAT on property traps including legacy waivers and surrenders.
• Accessing CGT participation exemption to avoid CGT when 12-month condition is not met.
• Identifying offshore funds-related disclosures quickly when filing tax returns.
• How to find useful tools for tracking annual movement and the big swing in capital goods records.
• Employment-related payments that you didn’t know qualify for relief similar to termination relief.
Managing Data Protection and Cyber Security Risks – The GDPR Two Years On
Speaker - Gerry Egan, Gerry Egan Consulting
This session will:
• Remind participants about the key principles of data protection and the responsibilities of data controllers and data processors under GDPR;
• identify emerging trends and issues for organisations to watch out for;
• identify current data security risks and practical measures to mitigate these risks; and
• provide an update on current enforcement activities and what we can all learn from them.