Maximising practice value for a successful exit

In this hugely popular webinar, we were joined by HMRC’s MTD Programme Director, Craig Ogilvie, and MTD advocate Rebecca Benneyworth as they broke down the latest regulations, deadlines, and practical steps to get you MTD ready.We covered:The technical regulations including deadlines, quarterly updates and thresholds. Also, how these will work during Private and Public Beta testing.Who can join Private and Public Beta testing? How and when you can sign up.How to prepare yourself, your practice and your clients for MTD.The impact and benefits that MTD will have on your firm.Plus, any of your MTD questions that you would like to pose to HMRC.To watch the full on-demand recording and download a copy of the Q&A session that HMRC helped answer along with TaxCalc's MTD for Income Tax cycle graphic visit our page here:https://campaigns.taxcalc.com/webinar-mtd-update-on-demand/

In this episode, we explore the practical impacts of the Chancellor’s announcements on five different personas, each uniquely affected by the new changes. Key talking points include: What the key announcements were Whether all the rumours materialised Effective dates for the changes The impact on your clients and your practice Make sure you’re fully informed and prepared, and listen to our latest episode. You can also watch the recorded version of the webinar along with the presentation slides here: https://campaigns.taxcalc.com/webinar-autumn-budget-2024-analysis-on-demand/

It’s good to be in the know when it comes to HMRC enquiries. What sectors are they focussing on? What tactics are they using? What conversations should you be having with your clients? In this edition of the TaxCalc Podcast we were joined by Paul Rigney and Nick Davies who collectively boast over 60 years of experience in handling and defending HMRC enquiries as they shared the most up to date insights to help you help your clients. Key talking points include: Which sectors and activities are attracting the inspector's attention. The latest on nudge letters and what to do if you get one. Joint and Several liability notices and how they are being used. A deep dive into the increasing scrutiny of R&D claims. You can also watch the full recording of the webinar here: https://campaigns.taxcalc.com/webinar-hmrc-enquiries-tactics-and-targets-on-demand/

With the cost of serving clients increasing, it’s more important than ever to make sure your software choices deliver as much value as possible. Falling into the same old routines can mean that you miss out on new functionality that could save you time, improve your productivity and consequently generate more income for your firm. We all do it, but it’s time to think about how we can reduce the drag of bad habits. In this, the latest in our hugely popular webinar series, we'll discuss common issues and provide clear direction for your consideration. Key talking points include: The easy techniques you can employ to identify gaps in your software knowledge and processes. The value of training. How to systematise innovation in your practice. The enormous difference making minor changes can make to your everyday performance and improve the ROI on your software investment. Watch the full webinar here: https://campaigns.taxcalc.com/webinar-extracting-maximum-value-from-your-software/

From April 2024, cash became the default basis for most unincorporated businesses, which means many decisions will need to be made and conversations had in the coming months. In this episode we were joined by the wonderful Sharon Cooke of 20:20 Innovation as we delve into the nuances of cash accounting. We examined: How cash accounting Works. The transitional rules. What decisions you will need to be making with your clients. How MTD and Basis Period Reform intersect with the new regime. You can watch the full webinar recording of this episode and download the slide deck here.

Whether you’re looking to secure your financial future, leave a lasting legacy or escape from the burden of practice ownership, a successful outcome for you, your team and your clients will hinge on maximising the value for any potential buyer. In this episode Bev Flanagan, award-winning accountant, AAT Council member and specialist in readying accountancy firms for exit, shares her success strategies and how to put them into practice. Key talking points include: What makes a firm more (or less) valuable to a potential buyer. How you can affect real, practical change to impact value in years to come. The pitfalls that many firms fall into. You can watch an on-demand recording of the original webinar here.

With HMRC resourcing up its R&D investigations, we look at what makes a sound R&D claim and why some ‘rogue advisers’ are unscrupulously targeting both businesses and accountants, with highly unfortunate consequences. In this episode we were joined by special guests David Logan and Lorraine Ellison. Key talking points include: Why HMRC’s stance on R&D claims is shifting with dramatic implications. What the proliferation of R&D claims advisers means to you and your clients. How you can protect your clients from unwise decisions and significant penalties. What an R&D claim can and can’t include so you make an informed decision.

Ever wondered what the inspector is thinking during a practice compliance visit? Practice inspections are never a welcome part of life as an accountant but, when they do happen, it’s wise to be prepared. We invited experts Lucy Brown and Mike Jardine of Calathea Solutions to share their experiences of helping firms across the country bring their Anti-Money Laundering processes in line with regulations. We discussed: What exactly your firm needs to do in order to comply with AML legislation. Where most mistakes are made and which factors contribute to the most fines. What kind of issues inspectors raise as red flags to warrant further investigation (and greater inconvenience for you).

Planning for potential tax liabilities can be challenging, even during periods of political and economic stability. With the prospect of a new Government and major tax modifications on the horizon, how can you support your clients in managing that risk and uncertainty? We were joined by tax planning expert and co-founder of Tag Tax, David Logan, to explore the key conversations you should be having with your clients and the main areas of tax planning you should be focussing on. We were also joined by Lorraine Ellison who shared her experiences using many of David’s strategies. Key talking points: Exit planning - how to support clients looking to sell in the next few years Inheritance tax planning - how changes to exemptions and reliefs may affect your advice With increased scrutiny of R&D claims, are they still worth the effort? Are property incorporations the next ticking time bomb? HMRC’s focus on Persons of Significant Control (PSCs) and what this means for your clients. To watch the full webinar, please register here: https://campaigns.taxcalc.com/webinar-tax-planning-for-turbulent-times/

Recent changes to the way Corporation Tax (CT) is applied to clients who operate more than one business raise a number of issues. How is an associated company defined? How are CT limits divided between those businesses? Confused? You may well be. But never fear. In this podcast, we were joined by the phenomenal Sharon Cooke from 20:20 Innovation to update you and provide much-needed clarity. Areas covered include: Outline of the changes to CT. An in-depth look at new CT rates and to whom they apply. What qualifies as an associated company. How marginal relief is calculated. Payment of taxes and implications. Planning points and modelled examples. Live Q&A. To watch the full webinar, please register at: https://campaigns.taxcalc.com/webinar-corporation-tax-rates/