CPDStore

10:00 - 11:40

Rebecca Benneyworth Tax Update - July 2026

Speaker: Rebecca Benneyworth - Rebecca Benneyworth Training

Rebecca will cover recent changes relevant to the taxation of small businesses and their owners, and current hot topics for the smaller practice.

The exact content will vary depending on what the current climate is, but Rebecca will be covering a wide range of topics, for instance,

• Year-end tax planning for small business clients
• Corporation tax for small companies, including tax planning ideas.
• Tax efficient extraction of profits for the owner manager
• Director loan accounts – topical issues and how best to manage this area.
• Developments in Making Tax Digital for income tax.
• Current developments on employment taxes and benefits in kind
• Dealing with non-fiscal year ends under self-assessment – what you need to know.
• Spring Fiscal statement 2026 – any tax announcements?
• Tax planning for the smaller business – incorporation and other ideas
• Developments in agent services & dealing with HMRC.
• Future changes – is there anything we need to do now?
• Finance Act 2026
• Autumn Budget 2026 – a roundup of the changes
• Any major changes affecting small businesses and those acting for them will be covered in detail.

Course Level: Intermediate

12:10 - 13:50

The Pros and Cons of the Cash Basis

Speaker: Carl Bayley - BSc FCA, Author and Presenter

Most unincorporated businesses (sole traders and general partnerships) now face a choice of what accounting basis to use for tax purposes: cash or accruals. For many, the attraction of the cash basis is its apparent simplicity. But is it really as simple as it appears? For many it isn’t; and the process of joining or leaving the cash basis is far from simple. On top of this, there are a few pitfalls that mean, for many businesses, it will make sense to opt out and stick with traditional accruals basis accounting. On the other hand, some businesses could see significant tax savings or deferrals if they join the cash basis; and the process of joining or leaving the regime, while complex, provides some tremendous tax planning opportunities.

Carl Bayley will cover the following topics during this webinar:

• Who can join the cash basis: the main restrictions were removed in 2024, but many others remain
• Timing issues: when does the cash basis defer tax; when does it accelerate it?
• Lost relief: business expenditure that cannot be claimed under the cash basis
• Dealing with capital expenditure under the cash basis
• Joining or leaving the cash basis
• Planning opportunities for those joining or leaving the cash basis
• Practical implications of using the cash basis, including Making Tax Digital

By attending this session, delegates will be able to advise clients on the pros and cons of the cash basis and whether it is likely to be beneficial for them. Delegates will be able to assist clients in joining or leaving the cash basis; and provide additional value added services by pointing out the planning opportunities available.

The session will be of benefit to general practitioners, tax advisers, accountancy students, and accountants working in unincorporated businesses.

Course Level: Intermediate