The Winter Taxation Essentials 2024 - Series 3

Registering for part 3 of The Winter Taxation Essentials Series at CPD Fest 2024 couldn’t be more straightforward. We have three packages for you to choose from – 8 hours, 16 hours and 24 hours of CPD – allowing you to customise the event to your own specific needs. Once purchased, pick ‘n’ mix the topics of most interest and relevance to you from any of the sessions running across the week of CPD Fest 2024.

CPD Fest Packages:

8 Hours

Any 4 CPD Fest Sessions

€250

16 Hours

Any 8 CPD Fest Sessions

€450

24 Hours

Any 12 CPD Fest Sessions

€625

The 12 Gifts Of CPD Fest

Over the coming weeks we are going to give you advance access to hugely valuable extracts from the note packs The CPD Fest & The Essential Advisors’ Mix.

With The 12 Gifts of CPD Fest you will get guides, financial statements, checklists, tools, tax papers, letters of engagement and reports all the way up to and including the kitchen sink!

Registration for The 12 Gifts Of CPD Fest is free, quick and straight forward and you can do so here:

Event Details:

Session 1: An In-depth Review of the Taxation of Married Couples

Time: 09:00 – 10:40

Speaker: James Bradley – James Bradley & Co

In this session James Bradley will cover the following topics:

Joint assessment
- Assessable spouse or civil partner
Separate assessment
- How your partner’s residence affects your tax
  - Relief’s available
- Non-resident spouse or civil partner has an income
Asset Transfer between Married Couples
Maintenance Payments
Death of a Married Individual

Course level: Foundation / Intermediate

Session 2: Tax & Estates - Pre and Post Death Tax Tips

Time: 11:00 – 12:40

Speaker: Daragh O’Shaughnessy – O’Shaughnessy Tax

Dealing with various tax obligations is one of the most important duties of the personal representative administering an estate for probate purposes.

In this session, Daragh O’Shaughnessy will detail the main tax issues that personal representatives are likely to face in practice, including:

Addressing compliance issues that arose before death
Limitation of Revenue powers and sanctions
Clearance procedures for personal representatives
Dealing with income and gains during administration period

Course level: Intermediate

Session 3: Irish Rental Tax Essentials: Strategies for Accountants

Time: 13:40 – 15:20

Speaker: Brendan Allen – Landlords Tax Returns

Join our upcoming webinar to gain essential insights into the evolving landscape of rental tax in Ireland, a topic that has become increasingly important due to recent legislative changes and growing scrutiny on property taxation. Accountants should attend this course for several key reasons:

Stay Informed: Understand the latest tax regulations affecting landlords and property owners
Enhance Client Services: Learn strategies to help clients maximize allowable deductions and minimize tax liabilities.
Improve Compliance: Gain knowledge on best practices for record-keeping and reporting, reducing the risk of costly errors.

The importance of this topic stems from the increasing complexity of rental tax laws and the potential financial implications for both landlords and their accountants. By attending, accountants will enhance their expertise, ultimately adding value to their practice and providing better service to their clients, leading to improved client satisfaction and retention. This course is an investment in professional development that can significantly elevate the quality of advisory services offered.

What will be covered

Rent Tax Credit: An overview of the new Rent Tax Credit introduced in Budget 2023, including eligibility criteria and claiming processes for both tenants and landlord.
Non-Resident Landlord Withholding Tax (NLWT): Understanding the NLWT system that came into effect on July 1, 2023, which simplifies tax obligations for non-resident landlords and outlines the responsibilities of collection agents.
Tax Deductions and Reliefs: Detailed insights into allowable expenses for landlords, including maintenance costs, insurance, and specific reliefs like rent-a-room relief
Current Legislative Changes: Discussion on how recent budget announcements impact rental tax obligations and potential benefits for client.

This topic is essential for accountants as it addresses the evolving regulatory environment affecting rental properties, ensuring they can provide informed advice to clients. The complexity of rental taxation has increased due to recent legislative changes and a heightened focus on compliance by Revenue. Attending this course will enhance accountants’ expertise, allowing them to better serve their clients by maximizing tax benefits and ensuring adherence to current laws. Ultimately, this knowledge will improve the value they offer in their practice, fostering client trust and satisfaction.

Course Level: Intermediate

Session 4: Winter 2024 Crossborder Update

Time: 15:40 – 17:20

Speaker: Rose Tierney – Tierney Tax Consultancy

In this session Rose Tierney will cover the following topics:

Succession planning tips for UK
1. EOT structures
2. How this might apply in ROI
Changes in Succession planning in ROI
1. Impact for NI UK or Crossborder clients
Employment Crossborder Update
1. Current issues emerging
2. Potential ways forward

Course level: Intermediate

CPD Course speakers

John Murphy – OmniPro Tax & Legal

As a Director of OmniPro Tax and Legal Limited, John relishes problem-solving to help accountants develop innovative client solutions and sharing his technical knowledge on tax, company law, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring to exit planning as well as advising on company law in relation to these and many other matters. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring. He is also an insolvency practitioner who acts as liquidator in members voluntary liquidations and is a Registered Auditor.

Prior to this John played 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.

As a Chartered Accountant, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.

Lisa Cosgrave - Technical Advisor, OmniPro

Lisa is a key member of our tax technical support team, providing advice on all tax heads in response to queries submitted. In addition, she provides support within the tax department on company/business valuations, tax planning, restructuring and exit planning solutions for a range of clients, liquidations, and company secretarial issues. She also has experience in financial reporting and audit.

A Chartered Certified Accountant and Chartered Tax Advisor, Lisa trained and worked in practice for six years prior to joining OmniPro, where she gained experience in financial reporting, tax compliance across all tax heads and audit. She has experience with a range of small and medium sized businesses assisting them with their financial reporting obligations and tax compliance across all areas.

Michael O’Scathaill – Crowe Ireland

Michael is a director in Crowe Ireland tax department. He holds a Bachelor of Commerce degree from the NUI and is a Chartered Accountant (FCA) and an AITI Chartered Tax Advisor.

Michael manages a varied and interesting portfolio of corporate and personal tax clients from a range of sectors including food & beverage, retail, insurance, construction and waste management. He has a strong relationship with his clients and works closely with them to deliver a service that meets their commercial as well as their taxation requirements.

His advice covers a full range of tax-heads and includes advising on complex transactions and structures such as:

Designing and implementing tax-efficient corporate structures and restructuring them where necessary
Property transactions: advising on structures for holding property as well as complex VAT and CGT issues arising
VAT planning to minimise VAT leakage and optimise cashflow
International tax: advising clients in the areas of VAT on cross-border transactions, company residence and employee relocations

Michael also works closely with the firm’s Corporate Finance Department on matters such as:

Buying and selling businesses: advising on the wide range of tax issues that arise and structuring the transaction as tax-efficiently as possible while also taking account of the client’s commercial requirements
Raising finance: optimising tax relief on debt and also advising on availing of, and implementing tax-based finance schemes such as the Employment & Investment Incentive Scheme (EIIS)
Michael also speaks on tax matters to participants on Enterprise Ireland’s New Frontiers Entrepreneur Development Programme and at various seminars.

He enjoys meeting entrepreneurs, learning about their activities and helping them to make the tax system work for their business.

James Bradley - James Bradley & Co

James is a qualified accountant and tax consultant. He is the principle of his own tax consultancy practice in Cork and deals with clients from all economy sectors and provides professional tax advice under all tax heads to his clients.

James has been lecturing for the Institute of Chartered Accountants and the Institute of Taxation in Tax for more than ten years and has also set tax exams for both Institutes.

James has also been providing continual professional development courses for the Institute of Certified Public Accountants / The Institute of Chartered Accountants and the Institute of Taxation in Tax for 10 years also.

Daragh O’Shaughnessy - O’Shaughnessy Tax

Daragh has provided expert tax advice to a diverse range of Personal and corporate clients, from sole trades to High Net Worth investors and SMEs to Multinationals for 15 years.

Daragh’s CPD lectures and articles view tax issues from a practical perspective that can put to immediate use in attendees’ day-to-day business, as well as using technical analysis for a deeper understanding of the issues.

Brendan Allen - Landlords Tax Returns

Brendan is a Chartered Tax Adviser, Chartered Certified Accountant, and a Certified Public Accountant

He specialises in property related taxes and is the principal at Allen & Co a practice based in Tullow Co Carlow

Brendan has lectured on taxation and accountancy matters in Ireland and abroad.

Brendan was served as President of the Institute of Certified Public Accountants in Ireland in 2007/2008.

Brendan was Chair Irish region of Taxation Institute in the UK

Brendan was Chair of British regional society in UK

Brendan served on CCAB -I company Law Committee

Brendan served on the Taxation committee of the CPA

Brendan represented the IPOA at housing committee in Dail Eireann along with other members of the committee.

Rose Tierney – Tierney Tax Consultancy

Rose Tierney is a qualified Chartered Accountant and Chartered Tax Adviser in both the UK & 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, Rose 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.