Course Details

There are many issues in company law and taxation, and their inter-relationships, which professionals need to keep in mind, as they advise clients, or work as professional accountants in industry.

Being aware of such relationships and issues will enhance the professional`s critical thinking skills as he or she ponder issues or advise on potential courses of action.

This will enhance their ability to add value to their work for their clients or employers.  

 

Dermot Madden will cover the following topics during this session:

  • Why Incorporate?
  • Company Types – advantages / disadvantages
  • Directors – Company Law & Tax Issues compared
  • Financial Accounting – Company Law & Tax Issues compared
  • Regulatory Reporting to be aware of

 

  • Reliefs involving Company & Tax Law:
  • CGT Incorporation Relief
  • CGT Company Share Buy Backs

 

  • Tax Issues: 

 

Income Tax

  1. Residence, Ordinary Residence & Domicile 
  2. Contracts of and for services
  3. Employee & Directors Expenses
  4. Termination payments
  5. BIK`s & Perks
  6. Single person child carer credit
  7. Leases and premiums
  8. Foreign rental income
  9. Foreign Pension – Earned Income Credit
  10. Post Cessation Receipts

 

Corporation Tax 

  1. Distributions
  2. Distributable Profits
  3. Realisable Profits – what are they?
  4. Close Company Surcharges – how to reduce?
  5. Loans

 

Capital Gains Tax 

  1. CGT – 7-year rule 
  2. Raffles of Houses
  3. Transfer of Site relief – parent to child

 

Capital Acquisitions Tax  

  1. CAT – inheritances from child

 

This webinar is targeted at accountants and tax professionals in practice and industry. It is a synthesis of issues involving , company law and law tax. It will enhance the critical thinking skills of the professional adviser.

 

Course Level: Advanced

CPD Course Speaker

Madden & Company

Dermot Madden

Dermot Madden has over forty years’ experience working at senior levels in the Irish Revenue Commissioners and the Office of the Director of Corporate Enforcement (“ODCE”). Now the Corporate Enforcement Agency (“CEA”).

He is a former Commissioned Inspector of Taxes who lead the DIRT enquiry audits on behalf of the Revenue Commissioners.

The DIRT enquiry followed the revelation that all major Irish banks had operated tax free fraudulent bank accounts for many years up until the late 1990’s.

He was the senior Forensic Accountant in the ODCE for over fourteen years. He has substantial and unique courtroom experience in giving expert witness testimony.

He has authored grounding affidavits in major white collar criminal cases.

He has lectured and examined Forensic Accounting in Trinity College Dublin.

He will bring his unique experiences, insights and advices to accounting and auditing professionals, to enhance their understanding of what good forensic thinking and reporting is.