Michelle Prentice FCA, CTA

* Accounting & Auditing for Charities webinar * Join the Chartered Accountants Ireland Practice Consulting Team on next Thursday morning, 12 September from 9.30am, as we look to offer practical advice on the problems that accountants currently face, both in the preparation and/or audit of accounts of Charities, as well as providing an insight into the evolving role of regulation in this sector in Northern Ireland. Topics to be covered across the morning will include:   * The current key Accounting and Auditing issues in the charities sector in Northern Ireland * The evolution and current requirements of the Charities SORP (FRS 102), including examples from charity financial statements of best practice in financial reporting in this sector * The best practice for the audit of charities, with a particular focus on the increased fraud risks and other challenges/risks facing the sector over recent years; and * Typical areas for improvement in the audit of Northern Irish charities, as identified by both the Institute Professional Standards and Practice Consulting teams.   We are delighted to be joined on this webinar by Rossa Keown, Head of Compliance & Enquiries at the Charity Commission for Northern Ireland, who will provide an insight into the evolving role of regulation in this sector in Northern Ireland.  Current Charity Annual Reporting requirements, as well as an overview of the work and current focus areas of the Commission will be discussed by Rossa. This course is proving popular so far for auditors and accountants of practices with clients in the charities sector, as well as for accountants and Trustees working directly in this sector in Northern Ireland. Not to worry if you cannot join us live next Thursday, this session will be recorded and made available soon afterwards (with detailed notes) to view for all who have booked onto the webinar. To learn more and to book your place : https://lnkd.in/ebMYidtD #charteredaccountants #northernireland #accounting #auditing #charity #sorp #regulation

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* Accounting & Auditing for Irish Charities Webinar - Thurs 22 August * With the Charities (Amendment) Act 2024 signed into Irish law in recent weeks, join the Chartered Accountants Ireland Practice Consulting team, along with Thomas Mulholland of the Charities Regulator, on the morning of Thursday 22 August as we discuss the likely implications for your charity clients. Topics to be discussed during this half day session will include: · Current Charity Annual Reporting requirements and what changes the 2024 legislation will bring. · Thomas Mulholland, Director of Compliance and Enforcement at the Charities Regulator will join us to provide an overview of the work of the Regulator, how best to report issues of concern, as well as likely upcoming regulatory changes in this area. ·      The evolution and current requirements of the Charities SORP (FRS 102), what is likely to change with the ongoing review of the SORP, as well as how it now should be implemented by Irish charities who will be adopting it for annual reporting for the first time. ·      The current key Accounting and Auditing issues in the Charities sector in the Republic of Ireland; and ·      Typical areas for improvement in the audit of Irish Charities. To book your place today: https://lnkd.in/eUpZEw-m #charteredaccoutants #ireland #accounting #audit #charity

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Are you ready for year-end payroll considerations? Read our alert to ensure you are prepared for the upcoming PAYE Settlement Agreement (PSA) deadline and for guidance on year-end payroll actions - https://lnkd.in/e8UdWGFy #TaxAlert

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* Financial Reporting Essentials for Practice - Wednesday 8 May * There is still time to book your place to join the Chartered Accountants Ireland Practice Consulting team tomorrow afternoon, Wednesday 8 May, as we focus on the key 2024 financial reporting issues for SMEs using FRS 102 and FRS 105 in the UK and Ireland. Even if you cannot join us live for this webinar, this half day session will be recorded and a comprehensive notes pack provided to all who book in advance. Some of the issues to be discussed will include: *  Conal Kennedy and I are delighted to be joined by our Professional Accounting colleague Mike O'Halloran for this webinar. Mike will provide an overview of the final amendments to FRS 102 and 105 coming from the recently finalised Financial Reporting Council Periodic Review of UK & Irish GAAP *    UK Companies House Reforms, coming from the Economic Crime and Corporate Transparency Act 2023, and the resulting major impacts ahead for SME Financial Reporting *    Sustainability Reporting, how it is likely to impact your clients and what you need to do to prepare; and * Typical areas for improvement with relation to Financial Statements Disclosures and Presentation, such as reporting on Going Concern matters, accounting for Deferred Tax & Work in Progress and ensuring adequate Accounting Policies are included in your client financial statements. To learn more on this webinar and to book your place, click : https://lnkd.in/e2PG_RTg #charteredaccountants #ireland #northernireland #unitedkingdom #financialreporting #sme #frs102

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Join the link below to understand how the Budget may affect you!

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While Budget 2025 was generous to so many, not all shared in this good fortune. In the newly published October edition of Accountancy Ireland, our Institute Head of Public Policy Stephen Lowry discusses how SMEs were largely left behind in this giveaway Budget. Check out the post below for a link to Stephen's article, as well as to download your free latest copy of Accountancy Ireland. #charteredaccountants #Ireland #budget2025 #sme #tax #Advocacy

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Navigate inheritance tax complexities like a pro with our effective strategies. Unlock the secrets to smart inheritance tax planning with our professional strategies. Learn more at https://lnkd.in/dPSgmXr6 #inheritancetax #inheritancetaxplanning

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Today’s spotlight term from our TaxAssist Accountants Glossary is ‘Directors’ Loan Account’ 📚 https://lnkd.in/emr4iPnX

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CGT event E4 establishes a trigger for capital gains tax in a situation where a payment is made by the trustee of a trust to a beneficiary of that trust (in respect of an interest that beneficiary holds in the trust) where any part of that amount is not assessable (the non assessable part) to the beneficiary. Read more https://buff.ly/3J6gC5f

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* Financial Reporting Autumn Update for Practice - Thursday 5 September * There is still time to book your place to join the Chartered Accountants Ireland Practice Consulting team on this Thursday morning, 5 September, as we focus on the current key financial reporting issues for SMEs using FRS 102 and FRS 105 in the UK and Ireland. Even if you cannot join us live for this webinar, this half day session will be recorded and a comprehensive notes pack provided to all who book in advance. Some of the issues to be discussed will include: * An overview of the final amendments to FRS 102 and 105 coming from the Financial Reporting Council Periodic Review of UK & Irish GAAP completed earlier this year * UK Companies House Reforms, coming from the Economic Crime and Corporate Transparency Act 2023, and the resulting major impacts ahead for SME Financial Reporting * Recently announced changes to the Company Size criteria for both the UK & Ireland, and their impacts on your clients and practice *    Sustainability Reporting, how it is likely to impact your clients and what you need to do to prepare; and * Typical areas for improvement with relation to Financial Statements Disclosures and Presentation, such as reporting on Going Concern matters and ensuring adequate Accounting Policies are included in your client financial statements. To learn more on this webinar and to book your place, click : https://lnkd.in/eBxasrn8 #charteredaccountants #ireland #northernireland #unitedkingdom #financialreporting #sme #frs102

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