Accounting for Taxation - Key Issues for SMEs

Introduction

This new virtual classroom seminar is designed to support accountants in preparing and auditing tax provisions within financial statements prepared under FRS 102 (UK GAAP).

Tax provisions - particularly those involving judgement and uncertainty - have become an increasingly contentious and scrutinised area. This session will provide a practical and comprehensive overview of the key requirements for accounting and auditing tax provisions, including direct, indirect and deferred tax.

What You Will Learn

This live and interactive session will cover the following:

• Calculating the income tax charge and related provisions
• Treatment of other tax charges, including VAT and business rates
• Exploration of current contentious areas, including:
• Carry forward losses
• R&D tax credit claims
• Other subjective or uncertain tax positions
• Deferred tax provisions - An overview of key principles and application to:
• R&D claims
• Loss carry forwards
• Investment properties
• Disclosure requirements, including preparation of the tax reconciliation note
• Challenging issues, including deferred tax implications of share-based payment provisions

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.