Our winter accounting and tax seminar took place last week and saw around 35 attendees at the haysmacintyre offices. A range of sectors were represented including property, energy, financial, media and communications, hospitality, technology and also clubs.
During my session, we looked at the most common errors in accounting and why Companies House were rejecting a record number of accounts. Companies are making mistakes because of changing law and unclear regulations. I also presented the haysmacintyre solutions to the iXBRL “issue” (see my recent blog post on the subject). This is an HMRC requirement which will affect most UK companies when it comes in on 1 April 2011.
Natasha Frangos picked up on the future of accounting in the UK, focusing on the FRSME (financial reporting standard for medium-sized entities) and fraud – common errors of accounting fraud, prevention and how haysmacintyre have helped our clients to date.
The latter half of the seminar saw Neil Simpson and Jon Rolfe present. Neil gave a general tax update particularly focusing on recent key events such as the OBR forecast, autumn statement and the Finance Bill 2011 (Please look on the haysmacintyre news page to read Andrew Jupp’s report). Finally Jon Rolfe rounded things up by talking about strategic cash extraction. The seminar concluded with a drinks reception where the attendees were able to enjoy a festive drink with the haysmacintyre partners and managers.
People have been keen to meet Andrew Jupp who is the new head of tax and for those of you that attended the seminar last week you will have noticed his absence, Neil Simpson – a familiar face to many - kindly stepped in at short notice. Please accept Andrew’s apologies, he was struck with an illness. Feel free to contact him with regards to anything mentioned in the seminar and also take a look at his blog page for further information on key points that have been mentioned.
Feedback shows that the event is still as popular as it was when it first began. So there will be two more seminars that will run next year (2011) in Spring (slightly later than usual due to budget readings then the bank holidays) and the beginning of December. The accounting and tax seminars are aimed at finance directors, owner managers and the finance teams of both companies and LLPs, although anyone who is looking for updates with regards to accounting and tax is more than welcome to attend. All of our events appear on the events section of our web site when bookings are open.
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