Income Tax Refresher & Update (ICAS)

Overview

This one-day course refreshes delegates on the fundamentals of income tax.

Topics will include: allowances, residence and domicile, property income, employment issues and some business tax issues

Who is this for?

This course will be relevant to those who have been outside practice for some time and would benefit from a reminder of the key principles and rules relating to income tax.

What will you learn?

• The main tax rates and allowances
• Charitable donations
• Pension contributions
• Residence and non-residence
• Property income
• Employed or self-employed - determining status
• Personal service companies and the IR35 rules
• Employment income, including benefits in kind
• Tax-efficient profit extraction from family companies
• Termination payments
• Key features of PAYE
• Income tax self-assessment
• The taxation of sole-traders, including:
  • The Badges of Trade
  • Adjustment to profits
  • Capital allowances
  • Basis periods on commencement and cessation