2024 Basis Period Reform for SA & IT Rules

£75.00 (Exc. VAT)

Presented by Russell Cockburn CPD Points/Hours: 2

2024 The New SA Basis of Assessment and Basis Period Reform.

Course Description: From April 2024 the self-employed enter a new world for the assessment of their business profits. This session looks at the new regime and the transitional rules and will cover.
·        Existing and previous basis period rules reviewed
·        The transitional year rules.
·        The new basis of assessment
·        Practical worked examples
·        Impact on cash flow and mitigation options
·        Possible planning points

About the Presenter. Russell Cockburn B.Sc.(Hons) FFTA, is an independent taxation consultant, author and lecturer.  After a post graduation career in manufacturing industry as a production manager Russell trained as an Inspector of Taxes gaining a range of tax experience in HMRC.

He joined the accountancy profession in 1987 as a corporate tax manager for a medium sized firm of chartered accountants going on to head up the business tax department for a smaller firm before establishing his own taxation and training consultancy practice in 1989, with personal and business tax clients all over the UK.  He represents individuals, firms and companies before the Tax Tribunals, and is also Tax Partner/ for Lamont Pridmore Chartered Accountants

Russell also writes on tax matters for a number of well-known publications and is regular Corporation Tax correspondent for the Institute of Chartered Secretaries monthly magazine.  His first book, in 2002, was The ICSA 2003/2004 Tax Guide, followed by “Small Business Tax Planning – Everything You Need to know from Start-up to Retirement” in 2010.  He also edits and sub-edits tax digests and other tax books on a regular basis.