Summary:
The course looks at the adjustments that are required to turn accounting profits into taxable profits.
Overview:
Arriving at the accounting profit is only the start of the journey required to arrive at profits for tax purposes.
The course looks at the adjustments that are required to turn accounting profits into taxable profits.
It is quite possible that despite the attempts at alignment, these two measurements will look very different for certain companies. There have been a number of recent changes as a result of tax reform which are included in this course.
Learning outcomes:
By the end of this course, participants will obtain a greater understanding of:
- Trading profits
- Disallowable Items
- Capital or Revenue?
- Investment Business
- Property Business
- Loan Relationships
- Intangible Fixed Assets
Authored by: Michael Steed & Marion Hodgkiss
Michael Steed is Head of Tax for BPP Professional Development. He is a Chartered Tax Adviser and is a past-President of the ATT. He is the current co-chair of the ATT’s Tax Technical Steering Group.
Marion qualified with PwC as a chartered accountant. She moved into tax on qualification and then on to student training for a number of years. She passed her CIOT exams with distinction, and was awarded the Spofforth Medal for paper 1.
Following this she helped develop courses for CIOT exams and was a member of the exam sub-committe for the CIOT. She was also a member of ICAEW Council for 14 years with a particular interest in the Tax Faculty.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date
