Course Summary

Duration7 hours

PresenterMultiple

Course Details

Session 1: Farm Tax Issues

John Murphy – OmniPro

  • Review of the basics:
  • What is defined as farming?
  • Income averaging
  • Stock relief
  • Stock valuation
  • Farm losses
  • Capital allowances
  • Farm leases
  • VAT
  • Implications on transfer/sale of farm
  • Incorporation of farms – taxes to consider – implications?

 

Session 2: Availing of the R&D Tax Credit for SMEs

Laura Lynch – Laura Lynch & Associates

  • R&D tax credit in the context of SMEs
  • Qualifying and non-qualifying expenditure
  • Revenue audits
  • The future of the RDTC regime

 

Session 3: Topical CAT Reminders

Yvonne O’Sullivan & John Murphy – OmniPro

  • Rights of Residence, Support & Maintenance & Life Interests (Fair Deal/LPT/Instalments)
  • CGT/CAT Offset (Timing/Clawback/TAC Case)
  • Amending Returns
  • Gift Splitting – Onward Gifts
  • Miscellaneous Reminders

 

Session 4: The Tax Implications of Brexit

Rose Tierney – Tierney Tax

  • Brexit Preparations
  • Tax Implications
  • Direct Taxes
    • Inheritance/Corporation Tax
    • Social Security
    • Capital Gains Tax
    • Pre-Brexit Planning
    • Brexit Omnibus Bill
  • Indirect Taxes
    • VAT
    • Customs & Excise Duties
  • EU VAT Refunds
  • Cross Border Workers

 

Session 5: Family Partnerships & Wealth Planning

John Murphy – OmniPro

  • Review of family partnerships (FP’s) & use to manage wealth/gift tax
  • Other options available that give same benefit as FP’s
  • Other options to manage/maximise/maintain wealth

 

Session 6: Top Tax Tips for Estate Planning

Padraig Daly – Mazars

  • Estate Planning
    • Current estate planning landscape
    • Approved retirement funds
    • Disponer pays CAT on behalf of beneficiary
    • S.72 policies
    • Planning considerations
  • Business transfers:
    • Business relief
    • Retirement relief
    • Revised entrepreneur relief
  • Shareholders accessing company funds
  • Exiting a company

 

Session 7 Revenue Interventions

Paul Murphy – Martin J Kelly & Co

  • Revenue Audit Update
  • Default Categories
  • Contents of a Qualifying Prompted Disclosure
  • Pre-Audit Review / e-Audits
  • No Loss of Revenue Provisions (NLOR)

 

Session 8 Key Corporation Tax Reliefs

Paul Murphy – Martin J Kelly & Co

  • Corporate Taxes – Compliance and Reliefs Update
  • Research & Development Tax Credits
  • Specified Intangible Assets Relief – S.291A TCA 1997
  • Knowledge Development Box
  • Start-Up relief
  • Utilising Tax Losses
  • Interest Relief
  • Accelerated Capital Allowances
  • Pre-Year End Tax Considerations
  • Corporation Tax Group
  • Capital Gains Tax Group
  • Consortium Relief

 

 


CPD Course Facilitators

John Murphy: Tax, Corporate Restructuring and Practice Support

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

 

Laura Lynch – Laura Lynch & Associates

Laura is an AITI Chartered Tax Advisor (CTA) and a Fellow of Chartered Accountants Ireland.  Laura has forged strong links within the business community, building a client base across individual and corporate SMEs, professional services firms and business angel investors, with a particular interest in the MedTech sector, which is so strong in Galway.

She is also heavily involved in the Irish Tax Institute (ITI), having lectured on their behalf for several years in the Part 3 professional exams and Department of Finance diploma course.  She is a regular speaker at ITI seminars, including the Annual Conference, and co-presents their annual Finance Bill nationwide tour. Laura is also a Committee member of TALC – Direct Taxes and was elected onto Council of the ITI in 2017.

 

Yvonne O’Sullivan: Tax Executive, OmniPro

Yvonne is a key member of our technical support team, providing advice on all tax heads in response to queries submitted through our Knowledge Hub platform. In addition, she provides support within the tax department on tax planning, restructuring and exit planning solutions for a range of clients.

A Chartered Certified Accountant, Yvonne trained and worked in small practice for a number of years followed by working for over 2 years in an independent Dublin based firm Beechwood Partners. She has experience with a range of professionals, executives, entrepreneurs and family groups assisting them with their tax compliance across all areas. She worked closely with clients providing daily practical and operational assistance with the management of their personal and business finance administration as well as assisting with the ongoing analysis and production of investment portfolio reports.

Yvonne has recently completed her final IATI Chartered Tax Adviser Exams, and plays a key role as a researcher on developing subject matter and content for our Knowledge Hub tax product.

 

Rose Tierney, Tierney Tax Consultancy Ltd

Rose Tierney is a qualified Chartered Accountant and Chartered Tax Adviser in both the UK and Ireland. She previously worked as a director with a Big Four firm in Dublin and prior to that several years were spent in London advising businesses on tax planning and transactions. In 2004, she established an independent Tax Practice Tierney Tax Consultancy and has since then been advising clients in the SME sector and their accountants and solicitors on various aspects of Irish and UK taxation.

Rose Tierney’s extensive experience includes:

  • Tax Director Dublin at Ernst & Young
  • Tax Manager London at Ernst & Young
  • Tax Senior London at Smith & Williamson
  • Chartered Accountant at Gary Sargeant & Co Kent

 

Padraig Daly, Mazars

Padraig is a Tax Director with Mazars where he advises private clients, business owners and multinational companies on mergers and acquisitions, shareholder buy outs, succession planning, corporate reorganisations and tax efficient financing. Over the course of the past 10 years, he has written and lectured extensively for a number of professional bodies on taxation matters, including the Irish Taxation Institute and the Association of Chartered Certified Accountants.

 

Paul Murphy, Martin J Kelly & Co

Paul Murphy is a taxation consultant and management accountant for Martin J. Kelly & Co. He is a corporation tax lecturer for the Irish Taxation Institute and is an Associate of both the Irish Taxation Institute and the Association of Chartered Certified Accountants. He is a co-author of the Irish Taxation Institute’s annual publication, Irish Taxation Law and Practice.