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Taxation

Is Now the Opportunity to Place the Company into an MVL

Course Summary

1 hour webinar

€ 38

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Related Courses

Accountants’ Tax Planning Bootcamp Series

Schedule

  • 05
    Aug
    11:00 - 12:00 Is now the Opportunity to Place the Company into an MVL, €38

Accountants Tax Planning Bootcamp

The Accountants Tax Planning Bootcamp for 2021 is made up of 6 individual events throughout the year. To book all 6 at a discounted rate – click here. If purchasing after the start date, any missed sessions will be available as online CPD.


Part 3 – Is now the Opportunity to Place the Company into an MVL

Date: Thursday, 05 August.
Time: 11:00 – 12:00
Speakers: John Murphy, Yvonne O’Sullivan & Lisa Cosgrave

This webinar will review the process of placing the company into liquidation as required by Company law. Given the current crisis, some shareholders may see this as the right time to cease operations and extract the value given the extra effort required to bring the business back to pre-covid times – an MVL may be an option.

The webinar will also emphasise the importance of timing for entrepreneurial and retirement relief and what to watch in order to come within remit of various reliefs on an MVL. It will include a step action plan to place the company into liquidation and a high-level checklist. Tidying it up in advance of liquidation.

  •  The conditions for the tax reliefs in a liquidation scenario and what to watch here.
  • It will deal with VAT and when possible to register, distributing property/investments in specie (and the implications on certain reliefs) and the paperwork involved. The need for the liquidator to be vigilant on all issues.
  • The importance of AML and holding meetings to agree payment of fees and the arrangement for holding the books and records.
  • The returns required to be filed by the liquidator.


CDP Course Facilitators:

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.  In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.

Yvonne O’Sullivan – OmniPro Tax and Legal

Yvonne is a key member of our technical support team, providing advice on all tax heads in response to queries submitted through our Knowledge Hub platform. In addition, she provides support within the tax department on tax planning, restructuring and exit planning solutions for a range of clients.

A Chartered Certified Accountant, Yvonne trained and worked in small practice for a number of years followed by working for over 2 years in an independent Dublin based firm.

Lisa Cosgrave: Technical Advisor, OmniPro

Lisa is a key member of our technical support team, providing advice on all tax heads, financial reporting and audit, in response to queries submitted through our Knowledge Hub platform. In addition, she provides support within the tax department on company/business valuations.

A Chartered Certified Accountant and Chartered Tax Advisor, Lisa trained and worked in practice for six years prior to joining OmniPro, where she gained experience in financial reporting, tax compliance across all tax heads and audit. She has experience with a range of small and medium-sized businesses assisting them with their financial reporting obligations and tax compliance across all areas.