BUSINESS GROWTH & DEVELOPMENT COURSE (31st August - 8th September)

This first course in the "Business Essentials" series for Chartered Accountants provides participants with an understanding of the key drivers to building sustainable growth. This three hour course introduces essential tools that will help you to identify and maximise your business opportunities and improve your advice to clients seeking to grow their businesses.

This interactive course will help you:

• Understand the current and future economic environment.
• Assist clients to build and grow strong and sustainable business in these challenging times.
• Provide looks to simplify the process including:
• Working through integrated budgets and cashflow.
• Dashboard and KPI reporting.
• Funding and finance options.

GIFT DUTY Free Presentation (6-7th September)

Following a review by Inland Revenue, the Minister of Revenue, Peter Dunne has announced that gift duty will be repealed with effect from 1 October 2011.

While gift duty itself collected very little tax and most people have probably never paid gift duty, it has influenced behaviour for many years.

Many business people will be owed money from family members or family trusts and will have provided for the forgiveness of these amounts in their wills.

The repeal of gift duty on 1 October (assuming it proceeds) provides an opportunity for people to deal with these debts in their lifetime and possibly bring forward some of their overall goals.

However, the decision to gift off amounts should not simply be driven by the repeal of gift duty as there may be other tax or commercial consequences. In particular, while a loan is outstanding, the lender has the right to call for capital repayments and this provides a mechanism for ensuring a flow of funds as well as perhaps a degree of control over the operation of the entity that owes the money. Likewise, issues such as relationship property, creditor protection, possible accrual rule income and rights under the family trust, will need to be considered prior to making a decision to gift amounts, if the repeal of gift duty goes ahead.

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