Moving from the cash basis to a full GAAP basis - the tax issues
Category: Tax | Duration: 1hr | Tag: VODUK2144 | Type: Video | Speaker: Rebecca Benneyworth
Course Details
In this on demand CPD course, Rebecca Benneyworth MBE explains why you may wish to move a client from the cash basis of accounting, and how to go about making the required adjustments for tax purposes.
Topics covered include:
- Overview – advantages and disadvantages of the cash basis
- Calculating the adjustment item – income or expense (2 slots)
- Impact on capital allowance claims going forward
- The spreading provisions for adjustment income
CPD Course Speaker
Rebecca Benneyworth Training
Rebecca Benneyworth
Rebecca is an ICAEW Chartered Accountant. She is a lecturer, writer and consultant on a variety of taxes, lecturing extensively throughout the UK, to accountants, business people and also to HMRC and the Treasury. She has her own accountancy practice based in Gloucestershire, with a variety of small business and personal tax clients.
During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers.
She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.
During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers.
She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.