Brief Programme Description

Outputs from a Good Bookkeeping System incl’ Preparation of Accounts Towards Putting a Set of Accounts Together

A worked Case Study for a Sole Trader  or  Company boosting an awareness of:

• Records necessary incl’ bank reconciliations produced from the day books.
• Allowable, disallowable expenses against a tax bill.
• Computational aspects  -  how to calculate the tax bill in easy to follow steps. 
• Providing for adequate remuneration for a  proprietor /director and employees.
• Using day books to better manage incl’ costing and pricing controls; budgeting.
• Case Studies to illustrate

An ability to understand how personal and corporate taxes are calculated; together with an awareness of the personal / business tax reliefs available.

Other Tax and Operational Issues (tax) to be aware of:

• Choosing and adopting an appropriate legal structure (Sole Trader, Partnership etc) … and the Budget 2013 provision.
• Highlighting the importance of on-going review of legal structure (Case Studies).
• A discussion on advantages / disadvantages of each legal structure.
• Tax Clearance Certs … their importance and uses.
• Revenue Audits  -  what’s involved and how to prepare.
• Revenue-on-Line System (what, how, when advantages).
• Proper cash flow management to meet tax deadlines.

Highlighting the importance of issues incl’ legal structure and having a Tax Clearance Certificate.